$TALO
TALOS ENERGY INC.

2019 Q3 Form 10-Q Financial Statement

#000156459019041117 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3 2018 Q2
Revenue $228.9M $282.9M $203.9M
YoY Change -19.09% 182.98% 113.68%
Cost Of Revenue $43.40M $42.70M $34.60M
YoY Change 1.64% 64.86% 18.09%
Gross Profit $185.4M $240.2M $169.3M
YoY Change -22.81% 224.16% 155.74%
Gross Profit Margin 81.01% 84.92% 83.03%
Selling, General & Admin $35.60M $50.90M $52.90M
YoY Change -30.06% 172.19% 187.5%
% of Gross Profit 19.2% 21.19% 31.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $88.13M $87.81M $67.73M
YoY Change 0.36% 109.07% -21.79%
% of Gross Profit 47.53% 36.56% 40.0%
Operating Expenses $131.0M $148.8M $130.1M
YoY Change -11.96% 145.14% 117.56%
Operating Profit $52.88M $91.36M $39.21M
YoY Change -42.12% 585.43% 521.02%
Interest Expense $23.12M $24.84M $21.68M
YoY Change -6.9% 15.71% 4.2%
% of Operating Profit 43.72% 27.19% 55.29%
Other Income/Expense, Net $567.0K -$78.25M -$114.1M
YoY Change -100.72% 58.07% -723.86%
Pretax Income $74.09M $13.11M -$74.91M
YoY Change 465.16% -136.24% -404.43%
Income Tax $800.0K $0.00
% Of Pretax Income 1.08%
Net Earnings $73.30M $13.11M -$74.91M
YoY Change 459.13% -136.24% -404.43%
Net Earnings / Revenue 32.03% 4.63% -36.74%
Basic Earnings Per Share $1.35 $0.24 -$1.69
Diluted Earnings Per Share $1.35 $0.24 -$1.69
COMMON SHARES
Basic Shares Outstanding 54.20M 54.16M 44.34M
Diluted Shares Outstanding 54.43M 54.16M 44.34M

Balance Sheet

Concept 2019 Q3 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $133.7M $90.20M $79.40M
YoY Change 48.23% 44.32%
Cash & Equivalents $90.68M $89.92M $78.86M
Short-Term Investments $43.10M $300.0K $500.0K
Other Short-Term Assets $1.952M $8.342M $3.910M
YoY Change -76.6% -62.59%
Inventory $0.00 $0.00
Prepaid Expenses $39.38M $50.51M $51.70M
Receivables $108.4M $119.0M $100.8M
Other Receivables $49.30M $37.20M $31.70M
Total Short-Term Assets $332.8M $306.5M $268.7M
YoY Change 8.55% 94.26%
LONG-TERM ASSETS
Property, Plant & Equipment $2.251B $2.038B $1.998B
YoY Change 10.45% 92.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.800M $200.0K $200.0K
YoY Change 3800.0% -97.37%
Other Assets $2.624M $2.059M $8.143M
YoY Change 27.44% -87.45%
Total Long-Term Assets $2.279B $2.051B $2.015B
YoY Change 11.14% 88.89%
TOTAL ASSETS
Total Short-Term Assets $332.8M $306.5M $268.7M
Total Long-Term Assets $2.279B $2.051B $2.015B
Total Assets $2.612B $2.357B $2.284B
YoY Change 10.81% 89.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $95.74M $37.81M $38.73M
YoY Change 153.18% -72.42%
Accrued Expenses $169.2M $138.5M $155.9M
YoY Change 22.17% 235.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $16.60M $439.0K $434.0K
YoY Change 3681.32% -98.85%
Total Short-Term Liabilities $411.4M $510.7M $495.6M
YoY Change -19.45% 93.01%
LONG-TERM LIABILITIES
Long-Term Debt $697.2M $654.3M $628.0M
YoY Change 6.55% -14.91%
Other Long-Term Liabilities $88.71M $118.9M $122.8M
YoY Change -25.41% -33.34%
Total Long-Term Liabilities $785.9M $773.2M $750.8M
YoY Change 1.64% -18.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $411.4M $510.7M $495.6M
Total Long-Term Liabilities $785.9M $773.2M $750.8M
Total Liabilities $1.537B $1.657B $1.598B
YoY Change -7.26% 36.76%
SHAREHOLDERS EQUITY
Retained Earnings -$268.7M -$625.0M -$638.3M
YoY Change -57.01%
Common Stock $1.344B $1.325B $1.324B
YoY Change 1.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.075B $699.8M $685.8M
YoY Change
Total Liabilities & Shareholders Equity $2.612B $2.357B $2.284B
YoY Change 10.81% 89.57%

Cashflow Statement

Concept 2019 Q3 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $73.30M $13.11M -$74.91M
YoY Change 459.13% -136.24% -404.43%
Depreciation, Depletion And Amortization $88.13M $87.81M $67.73M
YoY Change 0.36% 109.07% -21.79%
Cash From Operating Activities $149.8M $36.60M $67.50M
YoY Change 309.29% -6.39% -20.87%
INVESTING ACTIVITIES
Capital Expenditures -$143.3M -$33.30M -$111.0M
YoY Change 330.33% 12.88% 77.6%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$14.60M $293.0M
YoY Change -100.0% -13418.18%
Cash From Investing Activities -$143.4M -$47.90M $182.0M
YoY Change 199.37% 62.93% -380.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.900M 22.50M -184.0M
YoY Change -121.78% -803.13% 1446.22%
NET CHANGE
Cash From Operating Activities 149.8M 36.60M 67.50M
Cash From Investing Activities -143.4M -47.90M 182.0M
Cash From Financing Activities -4.900M 22.50M -184.0M
Net Change In Cash 1.500M 11.20M 65.50M
YoY Change -86.61% 72.31% 661.63%
FREE CASH FLOW
Cash From Operating Activities $149.8M $36.60M $67.50M
Capital Expenditures -$143.3M -$33.30M -$111.0M
Free Cash Flow $293.1M $69.90M $178.5M
YoY Change 319.31% 1.9% 20.77%

Facts In Submission

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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
143687000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
372920000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
174349000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-278409000
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
5369000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-400467000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
104060000
talo Repayments Of Senior Notes And Other Long Term Debt
RepaymentsOfSeniorNotesAndOtherLongTermDebt
10567000
talo Repayments Of Senior Notes And Other Long Term Debt
RepaymentsOfSeniorNotesAndOtherLongTermDebt
25151000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
75000000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
319000000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
25000000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
54000000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1268000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
16990000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10344000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-50480000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
141162000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
24622000
us-gaap Interest Paid Net
InterestPaidNet
36011000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7300000
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
16900000
CY2018Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
282868000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
754520000
CY2018Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
20566000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-30645000
CY2018Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.38
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.71
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.71
CY2015Q3 talo Unproved Properties Number Of Lease Blocks Awarded
UnprovedPropertiesNumberOfLeaseBlocksAwarded
2
CY2019Q3 talo Capitalized Overhead Costs
CapitalizedOverheadCosts
7400000
talo Capitalized Overhead Costs
CapitalizedOverheadCosts
21400000
CY2018Q3 talo Capitalized Overhead Costs
CapitalizedOverheadCosts
8700000
talo Capitalized Overhead Costs
CapitalizedOverheadCosts
16200000
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
382817000
talo Fair Value Of Asset Retirement Obligations Assumed
FairValueOfAssetRetirementObligationsAssumed
5047000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
54406000
talo Fair Value Of Asset Retirement Obligations Divested
FairValueOfAssetRetirementObligationsDivested
5450000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
26868000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
4111000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
26225000
CY2019Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
385212000
CY2019Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
63404000
CY2019Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
321808000
CY2016Q3 us-gaap Capital Lease Obligations
CapitalLeaseObligations
124300000
CY2018Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
93600000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
18700000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14589000
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
17658000
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
3000
us-gaap Variable Lease Cost
VariableLeaseCost
8000
CY2019Q3 us-gaap Lease Cost
LeaseCost
23211000
us-gaap Lease Cost
LeaseCost
98842000
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8082000
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1416000
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17249000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
18665000
CY2019Q3 talo Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
124299000
CY2019Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
16578000
CY2019Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
66746000
CY2019Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
83324000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
453000
CY2019Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
8314000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2746000
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
33257000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4079000
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
33257000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4302000
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
33257000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4237000
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
13858000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
19105000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
34922000
CY2019Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
121943000
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16257000
CY2019Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
38619000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
18665000
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2019Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.102
CY2019Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.219
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
14589000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10344000
us-gaap Operating Lease Payments
OperatingLeasePayments
1358000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2225000
CY2019Q3 talo Payments For Proceeds From Settled Derivative Instruments Operating Activities
PaymentsForProceedsFromSettledDerivativeInstrumentsOperatingActivities
5360000
CY2018Q3 talo Payments For Proceeds From Settled Derivative Instruments Operating Activities
PaymentsForProceedsFromSettledDerivativeInstrumentsOperatingActivities
-40746000
talo Payments For Proceeds From Settled Derivative Instruments Operating Activities
PaymentsForProceedsFromSettledDerivativeInstrumentsOperatingActivities
-7202000
talo Payments For Proceeds From Settled Derivative Instruments Operating Activities
PaymentsForProceedsFromSettledDerivativeInstrumentsOperatingActivities
-94802000
CY2019Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
38400000
CY2018Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-12584000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-28627000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-101680000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-196482000
CY2019Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
711928000
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
672495000
CY2019Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
14736000
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
17191000
CY2019Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
697192000
CY2018Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
655304000
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
443000
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
697192000
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
654861000
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, 2019.
CY2018Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
353000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4404000
CY2019Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1647000
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
230000
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
3591000
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
923000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
9568000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1944000
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
570000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5164000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.010
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2018Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
73297000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
13109000
us-gaap Net Income Loss
NetIncomeLoss
58425000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54200000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54156000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54178000
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
8000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
186000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54430000
us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
1
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
90682000
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
108354000
CY2019Q3 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
17562000
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.35
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.35
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4250000
CY2019Q3 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
31768000
CY2019Q3 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
43058000
CY2019Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
39378000
CY2019Q3 us-gaap Other Assets Current
OtherAssetsCurrent
1952000
CY2019Q3 us-gaap Assets Current
AssetsCurrent
332754000
CY2019Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
4012100000
CY2019Q3 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
178174000
CY2019Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
28690000
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4218964000
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1967610000
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2251354000
CY2019Q3 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
7820000
CY2019Q3 us-gaap Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
9251000
CY2019Q3 talo Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
8082000
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2624000
CY2019Q3 us-gaap Assets
Assets
2611885000
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
95737000
CY2019Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
169152000
CY2019Q3 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
37763000
CY2019Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
63404000
CY2019Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
3832000
CY2019Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
321808000
CY2019Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
750000
CY2019Q3 us-gaap Interest Payable Current
InterestPayableCurrent
21058000
CY2019Q3 talo Operating And Finance Lease Liability Current
OperatingAndFinanceLeaseLiabilityCurrent
1416000
CY2019Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
18993000
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
411355000
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
697192000
CY2019Q3 talo Operating And Finance Lease Liability Noncurrent
OperatingAndFinanceLeaseLiabilityNoncurrent
17249000
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
88707000
CY2019Q3 us-gaap Liabilities
Liabilities
1537061000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1074824000
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2611885000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
139914000
CY2018Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1248000
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
103025000
CY2018Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
20244000
CY2018Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
19686000
CY2018Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
75473000
CY2018Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
38911000
CY2018Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
10701000
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
7644000
CY2018Q4 us-gaap Assets Current
AssetsCurrent
416846000
CY2018Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
3629430000
CY2018Q4 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
108209000
CY2018Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
33191000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3770830000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1719609000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2051221000
CY2018Q4 us-gaap Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
9224000
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2695000
CY2018Q4 us-gaap Assets
Assets
2479986000
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
51019000
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
188650000
CY2018Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
38520000
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
443000
CY2018Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
68965000
CY2018Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
550000
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
10200000
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
22071000
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
380418000
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
654861000
CY2018Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
313852000
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
123359000
CY2018Q4 us-gaap Liabilities
Liabilities
1472490000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1007496000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2479986000
CY2019Q3 us-gaap Revenues
Revenues
228857000
CY2019Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
14210000
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
88125000
CY2019Q3 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
1417000
CY2019Q3 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
7316000
CY2019Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17321000
CY2018Q3 us-gaap Revenues
Revenues
282868000
CY2019Q3 us-gaap Costs And Expenses
CostsAndExpenses
175974000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
52883000
CY2019Q3 us-gaap Interest Expense
InterestExpense
23123000
CY2019Q3 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
43760000
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
567000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
790000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
73297000
us-gaap Revenues
Revenues
694380000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
49525000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
248518000
us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
13778000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
26868000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
53795000
us-gaap Costs And Expenses
CostsAndExpenses
528256000
us-gaap Operating Income Loss
OperatingIncomeLoss
166124000
us-gaap Interest Expense
InterestExpense
73273000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-35829000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1831000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
428000
us-gaap Net Income Loss
NetIncomeLoss
58425000
CY2018Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
25084000
CY2018Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
87808000
CY2018Q3 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
10162000
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21660000
CY2018Q3 us-gaap Costs And Expenses
CostsAndExpenses
191507000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
91361000
CY2018Q3 us-gaap Interest Expense
InterestExpense
24837000
CY2018Q3 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-53330000
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-85000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
13109000
us-gaap Revenues
Revenues
632624000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
49703000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
204574000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
24414000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
61120000
us-gaap Costs And Expenses
CostsAndExpenses
453468000
us-gaap Operating Income Loss
OperatingIncomeLoss
179156000
us-gaap Interest Expense
InterestExpense
66257000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-196482000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1163000
us-gaap Net Income Loss
NetIncomeLoss
-84746000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
332413000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
372920000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
32916000
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
5369000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-400467000
talo Repayments Of Senior Notes And Other Long Term Debt
RepaymentsOfSeniorNotesAndOtherLongTermDebt
10567000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
75000000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
25000000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1268000
talo Other Deferred Payments
OtherDeferredPayments
9921000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
10344000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
326000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17574000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-50480000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
141162000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
90682000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
143687000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
174349000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-278409000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
104060000
talo Repayments Of Senior Notes And Other Long Term Debt
RepaymentsOfSeniorNotesAndOtherLongTermDebt
25151000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
319000000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
54000000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
16990000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
9874000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-190015000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
57732000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
33433000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
91165000

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