Tullow Oil PLC
LSE:TLW
Income Statement
Earnings Waterfall
Tullow Oil PLC
Revenue
|
1.6B
USD
|
Cost of Revenue
|
-869.2m
USD
|
Gross Profit
|
764.9m
USD
|
Operating Expenses
|
-34.1m
USD
|
Operating Income
|
730.8m
USD
|
Other Expenses
|
-840.4m
USD
|
Net Income
|
-109.6m
USD
|
Income Statement
Tullow Oil PLC
Dec-2003 | Jun-2004 | Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
212
N/A
|
245
+16%
|
413
+69%
|
651
+58%
|
808
+24%
|
986
+22%
|
1 064
+8%
|
1 070
+1%
|
1 281
+20%
|
1 467
+14%
|
1 283
-12%
|
971
-24%
|
952
-2%
|
1 004
+5%
|
1 090
+9%
|
1 666
+53%
|
2 304
+38%
|
2 409
+5%
|
2 344
-3%
|
2 524
+8%
|
2 647
+5%
|
2 565
-3%
|
2 213
-14%
|
1 768
-20%
|
1 607
-9%
|
1 328
-17%
|
1 360
+2%
|
1 661
+22%
|
1 885
+13%
|
2 077
+10%
|
2 048
-1%
|
1 915
-6%
|
1 725
-10%
|
1 555
-10%
|
1 396
-10%
|
1 392
0%
|
1 285
-8%
|
1 405
+9%
|
1 783
+27%
|
1 714
-4%
|
1 634
-5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(134)
|
(153)
|
(259)
|
(409)
|
(443)
|
(430)
|
(482)
|
(547)
|
(710)
|
(752)
|
(671)
|
(639)
|
(650)
|
(630)
|
(611)
|
(677)
|
(931)
|
(1 077)
|
(999)
|
(1 094)
|
(1 154)
|
(1 154)
|
(1 117)
|
(1 011)
|
(1 015)
|
(897)
|
(813)
|
(993)
|
(1 069)
|
(1 044)
|
(966)
|
(828)
|
(967)
|
(1 159)
|
(994)
|
(832)
|
(639)
|
(459)
|
(698)
|
(898)
|
(869)
|
|
Gross Profit |
77
N/A
|
92
+18%
|
154
+68%
|
243
+57%
|
365
+50%
|
557
+53%
|
582
+5%
|
522
-10%
|
572
+9%
|
715
+25%
|
613
-14%
|
332
-46%
|
302
-9%
|
374
+24%
|
478
+28%
|
990
+107%
|
1 373
+39%
|
1 332
-3%
|
1 345
+1%
|
1 430
+6%
|
1 493
+4%
|
1 410
-6%
|
1 096
-22%
|
757
-31%
|
591
-22%
|
431
-27%
|
547
+27%
|
668
+22%
|
815
+22%
|
1 033
+27%
|
1 082
+5%
|
1 087
+1%
|
759
-30%
|
396
-48%
|
403
+2%
|
560
+39%
|
647
+16%
|
946
+46%
|
1 086
+15%
|
817
-25%
|
765
-6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(5)
|
(10)
|
(21)
|
(28)
|
(25)
|
(27)
|
(42)
|
(55)
|
(63)
|
(66)
|
(78)
|
(76)
|
(81)
|
(84)
|
(90)
|
(114)
|
(123)
|
(161)
|
(191)
|
(184)
|
(219)
|
(250)
|
(192)
|
(172)
|
(373)
|
(359)
|
(232)
|
(197)
|
(93)
|
(252)
|
(259)
|
(103)
|
(112)
|
(110)
|
(112)
|
(83)
|
(64)
|
(64)
|
(51)
|
(47)
|
(34)
|
|
Selling, General & Administrative |
(5)
|
(9)
|
(20)
|
(27)
|
(25)
|
(27)
|
(42)
|
(55)
|
(63)
|
(65)
|
(78)
|
(76)
|
(81)
|
(84)
|
(90)
|
(114)
|
(123)
|
(161)
|
(191)
|
(184)
|
(219)
|
(231)
|
(143)
|
(127)
|
(159)
|
(131)
|
(99)
|
(84)
|
(76)
|
(85)
|
(75)
|
(66)
|
(83)
|
(81)
|
(66)
|
(39)
|
(46)
|
(49)
|
(36)
|
(35)
|
(28)
|
|
Depreciation & Amortization |
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(19)
|
(50)
|
(46)
|
(29)
|
(25)
|
(18)
|
(15)
|
(18)
|
(18)
|
(16)
|
(20)
|
(29)
|
(27)
|
(21)
|
(19)
|
(18)
|
(15)
|
(15)
|
(12)
|
(6)
|
|
Other Operating Expenses |
0
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(186)
|
(202)
|
(115)
|
(97)
|
1
|
(149)
|
(167)
|
(17)
|
(0)
|
0
|
(25)
|
(25)
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
72
N/A
|
82
+13%
|
133
+63%
|
215
+61%
|
340
+58%
|
530
+56%
|
540
+2%
|
467
-14%
|
508
+9%
|
649
+28%
|
535
-18%
|
255
-52%
|
221
-14%
|
290
+31%
|
389
+34%
|
875
+125%
|
1 251
+43%
|
1 171
-6%
|
1 154
-1%
|
1 246
+8%
|
1 275
+2%
|
1 160
-9%
|
904
-22%
|
585
-35%
|
218
-63%
|
72
-67%
|
315
+336%
|
472
+50%
|
723
+53%
|
781
+8%
|
823
+5%
|
984
+20%
|
647
-34%
|
287
-56%
|
291
+1%
|
476
+64%
|
582
+22%
|
882
+51%
|
1 035
+17%
|
770
-26%
|
731
-5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(11)
|
(14)
|
(18)
|
(35)
|
(37)
|
(26)
|
2
|
(71)
|
(149)
|
(90)
|
(4)
|
(17)
|
(125)
|
(79)
|
(83)
|
(137)
|
(59)
|
(17)
|
(69)
|
(77)
|
(68)
|
(120)
|
(45)
|
(124)
|
(156)
|
(99)
|
(123)
|
(315)
|
(305)
|
(289)
|
(257)
|
(223)
|
(255)
|
(264)
|
(257)
|
(270)
|
(288)
|
(301)
|
(296)
|
(290)
|
(286)
|
|
Non-Reccuring Items |
(21)
|
(20)
|
(29)
|
46
|
22
|
(76)
|
(60)
|
(56)
|
(131)
|
(93)
|
31
|
4
|
(66)
|
(101)
|
(154)
|
(157)
|
(119)
|
187
|
32
|
(395)
|
(894)
|
(1 243)
|
(2 868)
|
(2 489)
|
(1 312)
|
(1 236)
|
(1 070)
|
(1 648)
|
(700)
|
(65)
|
(294)
|
(367)
|
(2 032)
|
(3 365)
|
(1 308)
|
182
|
(56)
|
(28)
|
(301)
|
(379)
|
(349)
|
|
Gain/Loss on Disposition of Assets |
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(38)
|
0
|
(48)
|
0
|
(31)
|
1
|
(3)
|
(5)
|
(11)
|
(16)
|
(14)
|
(14)
|
1
|
(12)
|
(24)
|
(3)
|
5
|
12
|
(0)
|
|
Pre-Tax Income |
39
N/A
|
46
+19%
|
86
+86%
|
226
+163%
|
325
+44%
|
428
+32%
|
483
+13%
|
340
-30%
|
228
-33%
|
467
+105%
|
562
+20%
|
243
-57%
|
30
-87%
|
110
+262%
|
152
+38%
|
582
+283%
|
1 073
+84%
|
1 342
+25%
|
1 116
-17%
|
773
-31%
|
313
-59%
|
(202)
N/A
|
(2 047)
-914%
|
(2 029)
+1%
|
(1 297)
+36%
|
(1 263)
+3%
|
(908)
+28%
|
(1 490)
-64%
|
(286)
+81%
|
423
N/A
|
261
-38%
|
378
+45%
|
(1 653)
N/A
|
(3 357)
-103%
|
(1 273)
+62%
|
375
N/A
|
215
-43%
|
550
+156%
|
442
-20%
|
112
-75%
|
96
-14%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(21)
|
(24)
|
(28)
|
(65)
|
(119)
|
(169)
|
(195)
|
(151)
|
(123)
|
(185)
|
(141)
|
(40)
|
(0)
|
(22)
|
(79)
|
(251)
|
(384)
|
(433)
|
(450)
|
(361)
|
(97)
|
10
|
408
|
416
|
260
|
324
|
311
|
515
|
111
|
(195)
|
(175)
|
(244)
|
(41)
|
233
|
52
|
(177)
|
(296)
|
(460)
|
(393)
|
(256)
|
(206)
|
|
Income from Continuing Operations |
18
|
22
|
58
|
161
|
207
|
259
|
288
|
190
|
105
|
282
|
421
|
203
|
30
|
88
|
73
|
331
|
689
|
909
|
666
|
413
|
216
|
(192)
|
(1 640)
|
(1 613)
|
(1 037)
|
(939)
|
(597)
|
(975)
|
(175)
|
227
|
85
|
134
|
(1 694)
|
(3 124)
|
(1 222)
|
198
|
(81)
|
91
|
49
|
(145)
|
(110)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(7)
|
(6)
|
(2)
|
(6)
|
(14)
|
(19)
|
(30)
|
(40)
|
(42)
|
(42)
|
(42)
|
(47)
|
(6)
|
84
|
64
|
2
|
2
|
(3)
|
(2)
|
(1)
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
18
N/A
|
22
+24%
|
58
+161%
|
161
+179%
|
207
+29%
|
259
+25%
|
288
+11%
|
190
-34%
|
101
-47%
|
274
+171%
|
415
+51%
|
201
-52%
|
24
-88%
|
75
+207%
|
54
-28%
|
301
+457%
|
649
+116%
|
867
+34%
|
624
-28%
|
370
-41%
|
169
-54%
|
(199)
N/A
|
(1 556)
-684%
|
(1 548)
+0%
|
(1 035)
+33%
|
(937)
+9%
|
(600)
+36%
|
(977)
-63%
|
(176)
+82%
|
225
N/A
|
85
-62%
|
134
+58%
|
(1 694)
N/A
|
(3 124)
-84%
|
(1 222)
+61%
|
198
N/A
|
(81)
N/A
|
91
N/A
|
49
-46%
|
(145)
N/A
|
(110)
+24%
|
|
EPS (Diluted) |
0.04
N/A
|
0.05
+25%
|
0.09
+80%
|
0.21
+133%
|
0.26
+24%
|
0.33
+27%
|
0.37
+12%
|
0.23
-38%
|
0.11
-52%
|
0.32
+191%
|
0.49
+53%
|
0.23
-53%
|
0.02
-91%
|
0.07
+250%
|
0.05
-29%
|
0.28
+460%
|
0.61
+118%
|
0.81
+33%
|
0.58
-28%
|
0.34
-41%
|
0.15
-56%
|
-0.19
N/A
|
-1.46
-668%
|
-1.45
+1%
|
-0.97
+33%
|
-0.83
+14%
|
-0.56
+33%
|
-0.79
-41%
|
-0.14
+82%
|
0.16
N/A
|
0.06
-63%
|
0.09
+50%
|
-1.21
N/A
|
-2.22
-83%
|
-0.87
+61%
|
0.14
N/A
|
-0.06
N/A
|
0.06
N/A
|
0.03
-50%
|
-0.1
N/A
|
-0.08
+20%
|