$TALO
TALOS ENERGY INC.

2020 Q3 Form 10-Q Financial Statement

#000156459020050613 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $135.1M $233.2M $228.9M
YoY Change -40.95% -9.83% -19.09%
Cost Of Revenue $62.30M $59.50M $43.40M
YoY Change 43.55% 31.06% 1.64%
Gross Profit $72.80M $173.8M $185.4M
YoY Change -60.73% -18.52% -22.81%
Gross Profit Margin 53.87% 74.52% 81.01%
Selling, General & Admin $16.20M $19.30M $35.60M
YoY Change -54.49% -56.33% -30.06%
% of Gross Profit 22.25% 11.1% 19.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $80.55M $104.9M $88.13M
YoY Change -8.6% 10.3% 0.36%
% of Gross Profit 110.64% 60.36% 47.53%
Operating Expenses $108.3M $124.2M $131.0M
YoY Change -17.33% -10.84% -11.96%
Operating Profit -$37.06M $46.97M $52.88M
YoY Change -170.08% -36.5% -42.12%
Interest Expense $24.12M -$84.10M $23.12M
YoY Change 4.33% -136.08% -6.9%
% of Operating Profit -179.05% 43.72%
Other Income/Expense, Net $813.0K $800.0K $567.0K
YoY Change 43.39% -63.64% -100.72%
Pretax Income -$80.25M -$36.30M $74.09M
YoY Change -208.32% -111.74% 465.16%
Income Tax -$28.30M -$36.60M $800.0K
% Of Pretax Income 1.08%
Net Earnings -$52.00M $304.0K $73.30M
YoY Change -170.94% -99.9% 459.13%
Net Earnings / Revenue -38.48% 0.13% 32.03%
Basic Earnings Per Share -$0.73 $0.01 $1.35
Diluted Earnings Per Share -$0.73 $0.01 $1.35
COMMON SHARES
Basic Shares Outstanding 71.29K 54.20M 54.20M
Diluted Shares Outstanding 71.29K 54.56M 54.43M

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $71.10M $95.40M $133.7M
YoY Change -46.82% -55.71% 48.23%
Cash & Equivalents $32.38M $87.02M $90.68M
Short-Term Investments $38.70M $8.400M $43.10M
Other Short-Term Assets $1.802M $1.952M $1.952M
YoY Change -7.68% -74.46% -76.6%
Inventory
Prepaid Expenses $44.15M $65.88M $39.38M
Receivables $64.95M $107.8M $108.4M
Other Receivables $74.50M $23.10M $49.30M
Total Short-Term Assets $256.4M $294.0M $332.8M
YoY Change -22.93% -29.47% 8.55%
LONG-TERM ASSETS
Property, Plant & Equipment $2.814B $2.226B $2.251B
YoY Change 25.0% 8.5% 10.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.500M $7.800M
YoY Change -42.31% 3800.0%
Other Assets $75.68M $54.38M $2.624M
YoY Change 2784.22% 1917.63% 27.44%
Total Long-Term Assets $2.916B $2.295B $2.279B
YoY Change 27.94% 11.26% 11.14%
TOTAL ASSETS
Total Short-Term Assets $256.4M $294.0M $332.8M
Total Long-Term Assets $2.916B $2.295B $2.279B
Total Assets $3.172B $2.589B $2.612B
YoY Change 21.46% 4.42% 10.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $110.9M $71.36M $95.74M
YoY Change 15.83% 39.86% 153.18%
Accrued Expenses $172.7M $154.8M $169.2M
YoY Change 2.12% -17.93% 22.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.60M $17.50M $16.60M
YoY Change 24.1% 3850.34% 3681.32%
Total Short-Term Liabilities $434.4M $370.5M $411.4M
YoY Change 5.61% -2.62% -19.45%
LONG-TERM LIABILITIES
Long-Term Debt $994.7M $733.0M $697.2M
YoY Change 42.68% 11.93% 6.55%
Other Long-Term Liabilities $56.47M $81.60M $88.71M
YoY Change -36.34% -33.86% -25.41%
Total Long-Term Liabilities $1.051B $814.6M $785.9M
YoY Change 33.76% 4.67% 1.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $434.4M $370.5M $411.4M
Total Long-Term Liabilities $1.051B $814.6M $785.9M
Total Liabilities $1.890B $1.511B $1.537B
YoY Change 22.96% 2.63% -7.26%
SHAREHOLDERS EQUITY
Retained Earnings -$303.3M -$268.4M -$268.7M
YoY Change 12.86% -17.95% -57.01%
Common Stock $1.586B $1.347B $1.344B
YoY Change 18.01% 0.9% 1.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.282B $1.078B $1.075B
YoY Change
Total Liabilities & Shareholders Equity $3.172B $2.589B $2.612B
YoY Change 21.46% 4.42% 10.81%

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$52.00M $304.0K $73.30M
YoY Change -170.94% -99.9% 459.13%
Depreciation, Depletion And Amortization $80.55M $104.9M $88.13M
YoY Change -8.6% 10.3% 0.36%
Cash From Operating Activities $70.50M $61.30M $149.8M
YoY Change -52.94% -48.79% 309.29%
INVESTING ACTIVITIES
Capital Expenditures -$125.7M -$90.50M -$143.3M
YoY Change -12.28% 35.89% 330.33%
Acquisitions
YoY Change
Other Investing Activities -$7.900M -$5.000M $0.00
YoY Change -100.0%
Cash From Investing Activities -$133.6M -$95.50M -$143.4M
YoY Change -6.83% 43.39% 199.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.40M 30.50M -4.900M
YoY Change 153.06% -1053.13% -121.78%
NET CHANGE
Cash From Operating Activities 70.50M 61.30M 149.8M
Cash From Investing Activities -133.6M -95.50M -143.4M
Cash From Financing Activities -12.40M 30.50M -4.900M
Net Change In Cash -75.50M -3.700M 1.500M
YoY Change -5133.33% -107.41% -86.61%
FREE CASH FLOW
Cash From Operating Activities $70.50M $61.30M $149.8M
Capital Expenditures -$125.7M -$90.50M -$143.3M
Free Cash Flow $196.2M $151.8M $293.1M
YoY Change -33.06% -18.52% 319.31%

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AssetRetirementObligationCashPaidToSettle
34502000
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AssetRetirementObligationCashPaidToSettle
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1729000
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IncreaseDecreaseInAccountsReceivable
14729000
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IncreaseDecreaseInOtherCurrentAssets
-21835000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-11384000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
23500000
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IncreaseDecreaseInAccountsPayable
32541000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
31826000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-26753000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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41418000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
727000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
262067000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
332413000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
280273000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
372920000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
304879000
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
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NetCashProvidedByUsedInInvestingActivities
-585152000
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NetCashProvidedByUsedInInvestingActivities
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talo Repayments Of Senior Notes And Other Long Term Debt
RepaymentsOfSeniorNotesAndOtherLongTermDebt
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RepaymentsOfSeniorNotesAndOtherLongTermDebt
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us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
300000000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
75000000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
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PaymentsOfFinancingCosts
1287000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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talo Other Deferred Payments
OtherDeferredPayments
11921000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
12790000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10344000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
268440000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-54645000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
87022000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
97517000
us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
35960000
us-gaap Interest Paid Net
InterestPaidNet
41188000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
20711000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9300000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9900000
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
369478000
talo Fair Value Of Asset Retirement Obligations Acquired
FairValueOfAssetRetirementObligationsAcquired
40078000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
34502000
talo Fair Value Of Asset Retirement Obligations Divested
FairValueOfAssetRetirementObligationsDivested
185000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
37748000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1337000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
17182000
CY2020Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
431136000
CY2020Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
53976000
CY2020Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
377160000
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3848000
CY2019Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4728000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
12153000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14589000
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
815000
us-gaap Operating Lease Cost
OperatingLeaseCost
2348000
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
21845000
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
17658000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
41128000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
81897000
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
215000
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
3000
us-gaap Variable Lease Cost
VariableLeaseCost
221000
us-gaap Variable Lease Cost
VariableLeaseCost
8000
CY2020Q3 us-gaap Lease Cost
LeaseCost
26723000
CY2019Q3 us-gaap Lease Cost
LeaseCost
23211000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7779000
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1713000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1594000
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18998000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17239000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
18833000
CY2020Q3 talo Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
124299000
CY2019Q4 talo Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
124299000
CY2020Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
20645000
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
17509000
CY2020Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
46101000
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
62026000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
79535000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
981000
CY2020Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
8315000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4079000
CY2020Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
33257000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4302000
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
33257000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4239000
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
13857000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3315000
CY2020Q3 talo Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
15790000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
32706000
CY2020Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
88686000
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11995000
CY2020Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
21940000
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
66746000
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2019Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M12D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.103
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.102
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.219
CY2019Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.219
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1944000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6321000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5164000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
12153000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
14589000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
12790000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10344000
us-gaap Operating Lease Payments
OperatingLeasePayments
1666000
us-gaap Operating Lease Payments
OperatingLeasePayments
1358000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2225000
CY2020Q3 talo Payments For Proceeds From Settled Derivative Instruments Operating Activities
PaymentsForProceedsFromSettledDerivativeInstrumentsOperatingActivities
19030000
CY2019Q3 talo Payments For Proceeds From Settled Derivative Instruments Operating Activities
PaymentsForProceedsFromSettledDerivativeInstrumentsOperatingActivities
5360000
talo Payments For Proceeds From Settled Derivative Instruments Operating Activities
PaymentsForProceedsFromSettledDerivativeInstrumentsOperatingActivities
141529000
talo Payments For Proceeds From Settled Derivative Instruments Operating Activities
PaymentsForProceedsFromSettledDerivativeInstrumentsOperatingActivities
-7202000
CY2020Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-38912000
CY2019Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
38400000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
13124000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-28627000
CY2020Q3 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-19882000
CY2019Q3 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
43760000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
154653000
us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-35829000
CY2019Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1647000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5732000
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1003968000
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
746928000
CY2020Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
9220000
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
13947000
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
994748000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
732981000
us-gaap Debt Instrument Redemption Description
DebtInstrumentRedemptionDescription
The indenture governing the 11.00% 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% Notes contain customary quarterly and annual reporting, financial and administrative covenants. The Company was in compliance with all debt covenants at September 30, 2020.
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
4386000
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
3591000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
12053000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
9568000
CY2020Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2039000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-28300000
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.352
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.352
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4404000
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2347000
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.010
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
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22400000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.391
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.391
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
0.007
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.007
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-52000000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
73297000
us-gaap Net Income Loss
NetIncomeLoss
-34862000
us-gaap Net Income Loss
NetIncomeLoss
58425000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71286000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54200000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65134000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54178000
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
230000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
186000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71286000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54430000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65134000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54364000
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.73
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.54
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.54
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5407000
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4250000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4957000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4282000
CY2020Q3 us-gaap Legal Fees
LegalFees
600000
us-gaap Legal Fees
LegalFees
4000000.0
CY2020Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2200000
CY2019Q3 us-gaap Legal Fees
LegalFees
300000
us-gaap Legal Fees
LegalFees
1900000
CY2019Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
600000

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