VAALCO ENERGY INC /DE/ company info

CIK 894627
IRS Number 760274813
State of incorporation DE
Business address 9800 RICHMOND AVE.
SUITE 700
HOUSTON
TX
77042
Mail address 9800 RICHMOND AVE.
SUITE 700
HOUSTON
TX
77042

Short summary

VAALCO ENERGY INC /DE/ is a Texas company, with head office located at 9800 Richmond Ave. Houston, Texas 77042. The company achieved a record breaking net income in 2013 - 43.07 million USD. In 2017 the company owned a total of 79.63 million USD worth of assets, including 36.45 million USD worth of current assets. 2013 was the year when the company amassed the most assets.

VAALCO ENERGY INC /DE/ Income Statement

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Operating Income (Loss) 33.0278.12132.5686.5977.23-54.41-143.55-4.3919.95
Interest expense 0.451.342.621.41
Other Nonoperating Income (Expense) -0.47-0.631.290.41-0.11-0.740.81-2.022.11
Income Tax Expense (Benefit) 36.9035.2693.4781.8134.1222.4914.599.2510.38
Net income -7.8937.3434.150.6343.07-77.55-158.66-26.559.65

VAALCO ENERGY INC /DE/ Balance Sheet

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Cash and cash equivalents 125.4380.79114.47137.8078.71118.5761.0513.6820.6419.67
Property, Plant and Equipment, Gross 205.77247.04296.13350.28424.75430.97409.48409.37
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 111.60140.92163.41182.83314.34403.89384.21386.15
Total assets 258.56290.13272.22334.32234.2991.6679.1479.63
Current assets 162.17171.76127.28162.77101.5138.6438.4136.45
Accounts payable 11.6723.5814.9711.58
Taxes Payable, Current 3.07
Total current liabilities 19.6020.7933.2251.3664.2746.3548.3546.59
Long-term Debt, Excluding Current Maturities 159.344.642.31
Total liabilities 36.4232.7444.3563.0995.2272.3372.2269.34
Common Stock, Value, Issued 6.316.316.326.426.586.596.646.64
Retained Earnings (Accumulated Deficit) 169.62200.18195.68242.12102.68-20.09-32.76-29.65

VAALCO ENERGY INC /DE/ Cash Flow

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Net income -7.8937.3434.150.6343.07-77.55-158.66-26.559.65
Depreciation and amortization 20.7620.0225.6019.9116.9320.0933.006.936.46
Deferred Income Tax Expense (Benefit) 1.35-1.26
Accounts receivable -1.345.89-3.98-2.139.012.56-14.171.05-3.20
Inventories -0.281.75-1.270.192.35
Accounts payable 7.11-8.9130.19-15.46-7.30
Net Cash Provided by (Used in) Operating Activities 23.4945.5289.5993.9675.4023.3938.88-3.456.66
Payments to Acquire Property, Plant, and Equipment 71.9266.8889.4968.078.711.81
Payments to Acquire Businesses, Net of Cash Acquired 5.69-0.06
Net Cash Provided by (Used in) Investing Activities -48.97-39.37-28.38-71.84-67.94-101.40-83.01-1.29-1.65
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -71.84-67.94-98.71-62.13-1.29-1.65
Proceeds from Issuance of Long-term Debt 15
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 1.842.152.22
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 1.842.152.22
Proceeds from Issuance of Common Stock 1.770.511.893.343.735.690.440.04
Payments for Repurchase of Common Stock 10.0911.461.870.050.02
Net Cash Provided by (Used in) Financing Activities -19.38-5.48-5.30-28.46-7.7316.530.44-0.14-5.82
Cash and Cash Equivalents, Period Increase (Decrease) -44.860.6655.91-6.34-0.27-61.48-43.69-4.88-0.81