$TALO
TALOS ENERGY INC.

2018 Q3 Form 10-Q Financial Statement

#000156459018026915 Filed on November 05, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $282.9M $99.96M
YoY Change 182.98% 56.68%
Cost Of Revenue $42.70M $25.90M
YoY Change 64.86% -2.63%
Gross Profit $240.2M $74.10M
YoY Change 224.16% 99.19%
Gross Profit Margin 84.92% 74.13%
Selling, General & Admin $50.90M $18.70M
YoY Change 172.19% 17.61%
% of Gross Profit 21.19% 25.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $87.81M $42.00M
YoY Change 109.07% -61.0%
% of Gross Profit 36.56% 56.68%
Operating Expenses $148.8M $60.70M
YoY Change 145.14% 21.4%
Operating Profit $91.36M $13.33M
YoY Change 585.43% -204.13%
Interest Expense $24.84M $21.46M
YoY Change 15.71% -328.34%
% of Operating Profit 27.19% 161.03%
Other Income/Expense, Net -$78.25M -$49.51M
YoY Change 58.07% -49606.0%
Pretax Income $13.11M -$36.18M
YoY Change -136.24% 62.96%
Income Tax
% Of Pretax Income
Net Earnings $13.11M -$36.18M
YoY Change -136.24% 62.96%
Net Earnings / Revenue 4.63% -36.19%
Basic Earnings Per Share $0.24 -$1.16
Diluted Earnings Per Share $0.24 -$1.16
COMMON SHARES
Basic Shares Outstanding 54.16M 31.24M
Diluted Shares Outstanding 54.16M 31.24M

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.20M $62.50M
YoY Change 44.32%
Cash & Equivalents $89.92M $48.61M
Short-Term Investments $300.0K $15.10M
Other Short-Term Assets $8.342M $22.30M
YoY Change -62.59%
Inventory $0.00 $1.300M
Prepaid Expenses $50.51M
Receivables $119.0M $46.40M
Other Receivables $37.20M $25.20M
Total Short-Term Assets $306.5M $157.8M
YoY Change 94.26%
LONG-TERM ASSETS
Property, Plant & Equipment $2.038B $1.062B
YoY Change 92.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $200.0K $7.600M
YoY Change -97.37%
Other Assets $2.059M $16.40M
YoY Change -87.45%
Total Long-Term Assets $2.051B $1.086B
YoY Change 88.89%
TOTAL ASSETS
Total Short-Term Assets $306.5M $157.8M
Total Long-Term Assets $2.051B $1.086B
Total Assets $2.357B $1.243B
YoY Change 89.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.81M $137.1M
YoY Change -72.42%
Accrued Expenses $138.5M $41.30M
YoY Change 235.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $439.0K $38.20M
YoY Change -98.85%
Total Short-Term Liabilities $510.7M $264.6M
YoY Change 93.01%
LONG-TERM LIABILITIES
Long-Term Debt $654.3M $769.0M
YoY Change -14.91%
Other Long-Term Liabilities $118.9M $178.4M
YoY Change -33.34%
Total Long-Term Liabilities $773.2M $947.4M
YoY Change -18.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $510.7M $264.6M
Total Long-Term Liabilities $773.2M $947.4M
Total Liabilities $1.657B $1.212B
YoY Change 36.76%
SHAREHOLDERS EQUITY
Retained Earnings -$625.0M
YoY Change
Common Stock $1.325B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $699.8M $31.40M
YoY Change
Total Liabilities & Shareholders Equity $2.357B $1.243B
YoY Change 89.57%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $13.11M -$36.18M
YoY Change -136.24% 62.96%
Depreciation, Depletion And Amortization $87.81M $42.00M
YoY Change 109.07% -61.0%
Cash From Operating Activities $36.60M $39.10M
YoY Change -6.39% -55.97%
INVESTING ACTIVITIES
Capital Expenditures -$33.30M -$29.50M
YoY Change 12.88% -65.46%
Acquisitions
YoY Change
Other Investing Activities -$14.60M $0.00
YoY Change -100.0%
Cash From Investing Activities -$47.90M -$29.40M
YoY Change 62.93% -65.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.50M -3.200M
YoY Change -803.13% -233.33%
NET CHANGE
Cash From Operating Activities 36.60M 39.10M
Cash From Investing Activities -47.90M -29.40M
Cash From Financing Activities 22.50M -3.200M
Net Change In Cash 11.20M 6.500M
YoY Change 72.31% 14.04%
FREE CASH FLOW
Cash From Operating Activities $36.60M $39.10M
Capital Expenditures -$33.30M -$29.50M
Free Cash Flow $69.90M $68.60M
YoY Change 1.9% -60.62%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q4 us-gaap Inventory Net
InventoryNet
840000
CY2017Q4 us-gaap Assets Current
AssetsCurrent
144885000
CY2017Q4 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
72002000
CY2018Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
32683000
CY2017Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
345000
CY2017Q4 us-gaap Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
2577000
CY2018Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
21347000
CY2018Q3 us-gaap Liabilities Current
LiabilitiesCurrent
510708000
CY2018Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
654320000
CY2018Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
348062000
CY2018Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
25374000
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
118919000
CY2018Q3 us-gaap Liabilities
Liabilities
1657383000
CY2018Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2018Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
54155768
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
89920000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32191000
CY2018Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
1245000
CY2017Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1242000
CY2018Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
119019000
CY2017Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
62871000
CY2018Q3 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
16809000
CY2017Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
13613000
CY2018Q3 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
9686000
CY2017Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
12486000
CY2018Q3 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
314000
CY2017Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
1563000
CY2018Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
50508000
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
17931000
CY2018Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
10701000
CY2018Q3 us-gaap Other Assets Current
OtherAssetsCurrent
8342000
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2148000
CY2018Q3 us-gaap Assets Current
AssetsCurrent
306544000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4460000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
14524000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
424000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-54029000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3123000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
40410000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
22277000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-10324000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
2669000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
143687000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
124432000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
174349000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
91957000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-278409000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2243000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-94200000
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2018Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
3532353000
CY2017Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
2440811000
CY2018Q3 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
108735000
CY2017Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
8857000
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3673771000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2521670000
CY2018Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1635464000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1430890000
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2038307000
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1090780000
CY2018Q3 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
199000
CY2018Q3 us-gaap Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
10038000
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2059000
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
706000
CY2018Q3 us-gaap Assets
Assets
2357147000
CY2017Q4 us-gaap Assets
Assets
1239293000
CY2018Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
37814000
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
72681000
CY2018Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
138456000
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
87973000
CY2018Q3 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
42817000
CY2017Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
24208000
CY2018Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
439000
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
24977000
CY2018Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
78170000
CY2017Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
39741000
CY2018Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
173477000
CY2017Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
49957000
CY2018Q3 us-gaap Interest Payable Current
InterestPayableCurrent
18188000
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
8742000
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
15188000
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
323467000
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
672581000
CY2017Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
174992000
CY2017Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
18781000
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
103559000
CY2017Q4 us-gaap Liabilities
Liabilities
1293380000
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
113834000
us-gaap Costs And Expenses
CostsAndExpenses
270282000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
91361000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
13329000
us-gaap Operating Income Loss
OperatingIncomeLoss
179156000
CY2018Q3 us-gaap Interest Expense
InterestExpense
24837000
CY2017Q3 us-gaap Interest Expense
InterestExpense
21464000
CY2017Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
489870000
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-544269000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-54087000
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1239293000
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
270000000
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
31244085
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
699764000
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2357147000
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
us-gaap Revenues
Revenues
297212000
CY2018Q3 talo Direct Lease Operating Expense
DirectLeaseOperatingExpense
42090000
CY2017Q3 talo Direct Lease Operating Expense
DirectLeaseOperatingExpense
25516000
talo Direct Lease Operating Expense
DirectLeaseOperatingExpense
101065000
talo Direct Lease Operating Expense
DirectLeaseOperatingExpense
82251000
CY2018Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
4125000
CY2018Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q3 us-gaap Common Stock Value
CommonStockValue
542000
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
312000
CY2018Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1324269000
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-625047000
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
270000000
CY2018Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
54155768
CY2018Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
54155768
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
31244085
CY2017Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
2657000
us-gaap General Insurance Expense
GeneralInsuranceExpense
11059000
us-gaap General Insurance Expense
GeneralInsuranceExpense
8066000
CY2018Q3 us-gaap Production Tax Expense
ProductionTaxExpense
578000
CY2017Q3 us-gaap Production Tax Expense
ProductionTaxExpense
393000
us-gaap Production Tax Expense
ProductionTaxExpense
1533000
us-gaap Production Tax Expense
ProductionTaxExpense
1038000
CY2018Q3 talo Total Lease Operating Expense
TotalLeaseOperatingExpense
46793000
CY2017Q3 talo Total Lease Operating Expense
TotalLeaseOperatingExpense
28566000
talo Total Lease Operating Expense
TotalLeaseOperatingExpense
113657000
talo Total Lease Operating Expense
TotalLeaseOperatingExpense
91355000
CY2018Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
25084000
CY2017Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
6359000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
49703000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
23406000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
14808000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
61120000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26879000
CY2017Q3 us-gaap Costs And Expenses
CostsAndExpenses
86633000
us-gaap Costs And Expenses
CostsAndExpenses
453468000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4038000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13109000
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-36177000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-84746000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
22892000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
13109000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-36177000
us-gaap Net Income Loss
NetIncomeLoss
-84746000
us-gaap Net Income Loss
NetIncomeLoss
22892000
us-gaap Operating Income Loss
OperatingIncomeLoss
26930000
us-gaap Interest Expense
InterestExpense
66257000
us-gaap Interest Expense
InterestExpense
61041000
CY2018Q3 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-53330000
CY2017Q3 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-28086000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-196482000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
56802000
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-85000
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
44000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1163000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
201000
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-78252000
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-49506000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-263902000
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.96
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.96
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54156000
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31244000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43329000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31244000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54164000
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31244000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43329000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31244000
us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
-325000
talo Exchanges For Debt
ExchangesForDebt
-102000000
talo Stockholders Equity After Business Combination
StockholdersEquityAfterBusinessCombination
731964000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4958000
talo Depreciation Depletion Amortization And Accretion Expense
DepreciationDepletionAmortizationAndAccretionExpense
228988000
talo Depreciation Depletion Amortization And Accretion Expense
DepreciationDepletionAmortizationAndAccretionExpense
128642000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3589000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2005000
us-gaap Share Based Compensation
ShareBasedCompensation
770000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
104060000
talo Repayments Of Senior Notes And Other Long Term Debt
RepaymentsOfSeniorNotesAndOtherLongTermDebt
25151000
talo Repayments Of Senior Notes And Other Long Term Debt
RepaymentsOfSeniorNotesAndOtherLongTermDebt
1000000
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2019-02-28
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
319000000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
54000000
talo Payments Of Deferred Financing Costs
PaymentsOfDeferredFinancingCosts
16990000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
9874000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
9053000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-190015000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15053000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
57732000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
15179000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33433000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33433000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91165000
CY2017Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48612000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
36775000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
48800000
us-gaap Interest Paid Net
InterestPaidNet
27307000
us-gaap Interest Paid Net
InterestPaidNet
34229000
CY2017 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2019-02-28
CY2018Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0.01
CY2018Q2 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
0.63
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2018Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
282868000
CY2017Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
179766000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
754520000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
520705000
CY2018Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
20566000
CY2017Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-43497000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-30645000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
23021000
CY2018Q3 talo Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
0.38
CY2017Q3 talo Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-1.39
talo Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.71
talo Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
0.74
CY2015Q3 talo Unproved Properties Number Of Lease Blocks Awarded
UnprovedPropertiesNumberOfLeaseBlocksAwarded
2
CY2018Q3 talo Capitalized Overhead Costs
CapitalizedOverheadCosts
8700000
talo Capitalized Overhead Costs
CapitalizedOverheadCosts
16200000
CY2017Q3 talo Capitalized Overhead Costs
CapitalizedOverheadCosts
3600000
talo Capitalized Overhead Costs
CapitalizedOverheadCosts
10100000
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
214733000
talo Fair Value Of Asset Retirement Obligations Assumed
FairValueOfAssetRetirementObligationsAssumed
244499000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
85674000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
229000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
28031000
CY2018Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
426232000
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
402062000
CY2017Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
403000000
CY2017Q3 talo Payments For Proceeds From Settled Derivative Instruments Operatings Activities
PaymentsForProceedsFromSettledDerivativeInstrumentsOperatingsActivities
8600000
talo Payments For Proceeds From Settled Derivative Instruments Operatings Activities
PaymentsForProceedsFromSettledDerivativeInstrumentsOperatingsActivities
22300000
CY2018Q3 talo Payments For Proceeds From Settled Derivative Instruments Operatings Activities
PaymentsForProceedsFromSettledDerivativeInstrumentsOperatingsActivities
-40700000
talo Payments For Proceeds From Settled Derivative Instruments Operatings Activities
PaymentsForProceedsFromSettledDerivativeInstrumentsOperatingsActivities
-94800000
CY2018Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
8427000
CY2018Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
265000000
CY2018Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
654759000
CY2017Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
697558000
CY2018Q3 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
100000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4600000
talo Payments Of Work Fees To Debt Holders
PaymentsOfWorkFeesToDebtHolders
9300000
us-gaap Debt Instrument Redemption Description
DebtInstrumentRedemptionDescription
The indenture governing the 11.00% Senior Secured Notes applies certain limitations on the Company’s ability and the ability of its subsidiaries to, among other things, (i) incur additional indebtedness or issue certain preferred shares; (ii) pay dividends and make certain other restricted payments; (iii) create restrictions on the payment of dividends or other distributions to the Company from its restricted subsidiaries; (iv) create liens on certain assets to secure debt; (v) make certain investments; (vi) engage in sales of assets and subsidiary stock; (vii) transfer all or substantially all of its assets or enter into merger or consolidation transactions; and (viii) engage in transactions with affiliates. The 11.00% Senior Secured Notes contain customary quarterly and annual reporting, financial and administrative covenants. The Company was in compliance with all debt covenants at September 30, 2018.
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2500000
CY2017Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
300000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
800000
CY2018Q3 talo Capitalized Share Based Compensation Costs In To Oil And Gas Producing Activities
CapitalizedShareBasedCompensationCostsInToOilAndGasProducingActivities
500000
talo Capitalized Share Based Compensation Costs In To Oil And Gas Producing Activities
CapitalizedShareBasedCompensationCostsInToOilAndGasProducingActivities
3000000
CY2017Q3 talo Capitalized Share Based Compensation Costs In To Oil And Gas Producing Activities
CapitalizedShareBasedCompensationCostsInToOilAndGasProducingActivities
300000
talo Capitalized Share Based Compensation Costs In To Oil And Gas Producing Activities
CapitalizedShareBasedCompensationCostsInToOilAndGasProducingActivities
800000
CY2018Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2018Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
10700000
CY2018Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
3500000
CY2018Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
42.04
talo Term Of Warrants
TermOfWarrants
P4Y
CY2018Q3 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2021-02-28
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0
CY2018Q3 us-gaap Capital Lease Obligations
CapitalLeaseObligations
96800000
us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
1.00
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
1000000

Files In Submission

Name View Source Status
0001564590-18-026915-index-headers.html Edgar Link pending
0001564590-18-026915-index.html Edgar Link pending
0001564590-18-026915.txt Edgar Link pending
0001564590-18-026915-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
talo-10q_20180930.htm Edgar Link pending
talo-20180930.xml Edgar Link completed
talo-20180930.xsd Edgar Link pending
talo-20180930_cal.xml Edgar Link unprocessable
talo-20180930_def.xml Edgar Link unprocessable
talo-20180930_lab.xml Edgar Link unprocessable
talo-20180930_pre.xml Edgar Link unprocessable
talo-ex311_6.htm Edgar Link pending
talo-ex312_9.htm Edgar Link pending
talo-ex321_7.htm Edgar Link pending