$TALO
TALOS ENERGY INC.

2021 Q1 Form 10-Q Financial Statement

#000156459021024239 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $266.9M $187.8M
YoY Change 42.15% 5.06%
Cost Of Revenue $67.50M $58.50M
YoY Change 15.38% 41.3%
Gross Profit $200.5M $129.3M
YoY Change 55.07% -5.83%
Gross Profit Margin 75.12% 68.86%
Selling, General & Admin $17.40M $19.70M
YoY Change -11.68% -53.32%
% of Gross Profit 8.68% 15.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $101.7M $93.54M
YoY Change 8.67% 44.83%
% of Gross Profit 50.7% 72.35%
Operating Expenses $134.0M $125.7M
YoY Change 6.6% 7.99%
Operating Profit $64.63M -$4.212M
YoY Change -1634.35% -122.93%
Interest Expense $34.08M $25.85M
YoY Change 31.82% 2.51%
% of Operating Profit 52.73%
Other Income/Expense, Net -$13.95M -$146.0K
YoY Change 9454.79% -133.72%
Pretax Income -$120.9M $213.0M
YoY Change -156.76% -283.64%
Income Tax $600.0K $55.30M
% Of Pretax Income 25.96%
Net Earnings -$121.5M $157.7M
YoY Change -177.02% -243.88%
Net Earnings / Revenue -45.52% 84.01%
Basic Earnings Per Share -$1.49 $2.71
Diluted Earnings Per Share -$1.49 $2.69
COMMON SHARES
Basic Shares Outstanding 81.44K 58.24M
Diluted Shares Outstanding 81.44K 58.57M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $66.70M $299.5M
YoY Change -77.73% 440.61%
Cash & Equivalents $64.98M $107.0M
Short-Term Investments $1.700M $192.6M
Other Short-Term Assets $34.50M $2.046M
YoY Change 1586.22% -93.61%
Inventory
Prepaid Expenses $50.27M
Receivables $135.4M $81.03M
Other Receivables $55.40M $69.50M
Total Short-Term Assets $292.0M $502.3M
YoY Change -41.87% 110.52%
LONG-TERM ASSETS
Property, Plant & Equipment $2.504B $2.689B
YoY Change -6.86% 23.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.100M $8.800M
YoY Change -76.14% 109.52%
Other Assets $41.50M $21.77M
YoY Change 90.59% 21.64%
Total Long-Term Assets $2.548B $2.736B
YoY Change -6.88% 24.29%
TOTAL ASSETS
Total Short-Term Assets $292.0M $502.3M
Total Long-Term Assets $2.548B $2.736B
Total Assets $2.840B $3.238B
YoY Change -12.31% 32.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.80M $58.75M
YoY Change 23.91% -6.15%
Accrued Expenses $205.6M $138.3M
YoY Change 48.69% -41.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.00M $18.50M
YoY Change 24.32% 20.92%
Total Short-Term Liabilities $482.2M $308.8M
YoY Change 56.18% -27.28%
LONG-TERM LIABILITIES
Long-Term Debt $1.049B $1.033B
YoY Change 1.57% 39.35%
Other Long-Term Liabilities $467.0M $92.47M
YoY Change 405.03% -75.28%
Total Long-Term Liabilities $1.049B $1.126B
YoY Change -6.78% 0.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $482.2M $308.8M
Total Long-Term Liabilities $1.049B $1.126B
Total Liabilities $2.033B $1.843B
YoY Change 10.26% 19.69%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $807.2M $1.395B
YoY Change
Total Liabilities & Shareholders Equity $2.840B $3.238B
YoY Change -12.31% 32.72%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$121.5M $157.7M
YoY Change -177.02% -243.88%
Depreciation, Depletion And Amortization $101.7M $93.54M
YoY Change 8.67% 44.83%
Cash From Operating Activities $66.96M $110.2M
YoY Change -39.26% 168.06%
INVESTING ACTIVITIES
Capital Expenditures -$64.70M -$83.60M
YoY Change -22.61% -18.36%
Acquisitions $8.322M $293.1M
YoY Change -97.16% 790.43%
Other Investing Activities -$8.000M -$293.1M
YoY Change -97.27% 790.88%
Cash From Investing Activities -$72.74M -$376.7M
YoY Change -80.69% 178.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 36.53M 286.4M
YoY Change -87.25% 5727520.0%
NET CHANGE
Cash From Operating Activities 66.96M 110.2M
Cash From Investing Activities -72.74M -376.7M
Cash From Financing Activities 36.53M 286.4M
Net Change In Cash 30.75M 19.93M
YoY Change 54.27% -121.16%
FREE CASH FLOW
Cash From Operating Activities $66.96M $110.2M
Capital Expenditures -$64.70M -$83.60M
Free Cash Flow $131.7M $193.8M
YoY Change -32.08% 35.05%

Facts In Submission

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332000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81435000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58572000
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.49
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.71
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.49
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.69
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2949000
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4358000

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