VAALCO Energy Inc
NYSE:EGY
Income Statement
Earnings Waterfall
VAALCO Energy Inc
Revenue
|
455.1m
USD
|
Cost of Revenue
|
-149.6m
USD
|
Gross Profit
|
305.5m
USD
|
Operating Expenses
|
-139.3m
USD
|
Operating Income
|
166.1m
USD
|
Other Expenses
|
-106.4m
USD
|
Net Income
|
59.7m
USD
|
Income Statement
VAALCO Energy Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
169
N/A
|
153
-9%
|
176
+15%
|
163
-8%
|
128
-22%
|
118
-8%
|
93
-21%
|
86
-7%
|
80
-6%
|
73
-9%
|
65
-11%
|
62
-4%
|
60
-4%
|
70
+17%
|
72
+2%
|
75
+5%
|
77
+2%
|
83
+8%
|
87
+5%
|
95
+8%
|
105
+11%
|
97
-7%
|
98
+1%
|
90
-8%
|
85
-6%
|
83
-2%
|
76
-9%
|
77
+1%
|
67
-12%
|
89
+32%
|
118
+33%
|
155
+32%
|
199
+28%
|
228
+15%
|
292
+28%
|
314
+8%
|
354
+13%
|
366
+3%
|
364
0%
|
403
+10%
|
455
+13%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(37)
|
(38)
|
(36)
|
(30)
|
(32)
|
(32)
|
(36)
|
(37)
|
(40)
|
(41)
|
(40)
|
(39)
|
(38)
|
(34)
|
(37)
|
(40)
|
(40)
|
(43)
|
(46)
|
(43)
|
(40)
|
(36)
|
(31)
|
(32)
|
(30)
|
(31)
|
(33)
|
(32)
|
(29)
|
(35)
|
(38)
|
(52)
|
(68)
|
(69)
|
(78)
|
(76)
|
(100)
|
(113)
|
(128)
|
(149)
|
(150)
|
|
Gross Profit |
133
N/A
|
115
-13%
|
140
+22%
|
133
-6%
|
96
-28%
|
86
-11%
|
57
-34%
|
49
-13%
|
40
-18%
|
32
-21%
|
25
-21%
|
23
-9%
|
22
-2%
|
36
+61%
|
35
-3%
|
35
+1%
|
37
+6%
|
41
+9%
|
42
+3%
|
52
+24%
|
65
+25%
|
61
-5%
|
66
+9%
|
58
-12%
|
55
-6%
|
52
-4%
|
43
-18%
|
45
+4%
|
38
-15%
|
53
+41%
|
80
+50%
|
103
+29%
|
131
+27%
|
159
+21%
|
214
+34%
|
238
+11%
|
254
+7%
|
253
0%
|
236
-7%
|
253
+7%
|
305
+21%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(55)
|
(60)
|
(63)
|
(57)
|
(48)
|
(67)
|
(39)
|
(51)
|
(60)
|
(35)
|
(57)
|
(38)
|
(27)
|
(18)
|
(16)
|
(17)
|
(17)
|
(16)
|
(17)
|
(13)
|
(13)
|
(17)
|
(22)
|
(30)
|
(34)
|
(33)
|
(31)
|
(29)
|
(34)
|
(39)
|
(46)
|
(54)
|
(52)
|
(54)
|
(55)
|
(56)
|
(74)
|
(100)
|
(121)
|
(146)
|
(139)
|
|
Selling, General & Administrative |
(15)
|
(14)
|
(14)
|
(18)
|
(15)
|
(16)
|
(15)
|
(15)
|
(15)
|
(13)
|
(15)
|
(11)
|
(11)
|
(11)
|
(10)
|
(11)
|
(11)
|
(10)
|
(12)
|
(12)
|
(11)
|
(15)
|
(14)
|
(18)
|
(22)
|
(20)
|
(21)
|
(18)
|
(20)
|
(23)
|
(27)
|
(30)
|
(29)
|
(31)
|
(30)
|
(30)
|
(25)
|
(24)
|
(23)
|
(23)
|
(22)
|
|
Research & Development |
(24)
|
(29)
|
(28)
|
(18)
|
(14)
|
(30)
|
0
|
(8)
|
(10)
|
0
|
(10)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(4)
|
(4)
|
(4)
|
(5)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
|
Depreciation & Amortization |
(17)
|
(17)
|
(21)
|
(21)
|
(20)
|
(22)
|
(24)
|
(28)
|
(33)
|
(29)
|
(22)
|
(15)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(5)
|
(4)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(9)
|
(10)
|
(10)
|
(9)
|
(10)
|
(13)
|
(18)
|
(21)
|
(22)
|
(24)
|
(26)
|
(48)
|
(68)
|
(98)
|
(121)
|
(115)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
7
|
(11)
|
(11)
|
(9)
|
(0)
|
1
|
1
|
(0)
|
0
|
0
|
3
|
4
|
4
|
(1)
|
(4)
|
(4)
|
(4)
|
(0)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
(9)
|
(0)
|
(0)
|
0
|
|
Operating Income |
77
N/A
|
55
-29%
|
77
+40%
|
76
-2%
|
48
-37%
|
19
-61%
|
18
-1%
|
(1)
N/A
|
(19)
-1 337%
|
(4)
+82%
|
(32)
-828%
|
(16)
+52%
|
(5)
+71%
|
18
N/A
|
18
+5%
|
18
-1%
|
20
+9%
|
25
+24%
|
25
+1%
|
39
+54%
|
51
+33%
|
44
-15%
|
44
+1%
|
29
-36%
|
21
-26%
|
20
-8%
|
12
-37%
|
15
+26%
|
3
-79%
|
14
+317%
|
34
+144%
|
49
+46%
|
79
+62%
|
105
+32%
|
159
+52%
|
182
+14%
|
180
-1%
|
153
-15%
|
115
-25%
|
108
-6%
|
166
+54%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
4
|
2
|
5
|
7
|
(0)
|
9
|
6
|
4
|
7
|
(7)
|
(16)
|
(21)
|
(23)
|
(49)
|
(48)
|
(40)
|
(40)
|
(10)
|
(2)
|
(10)
|
(6)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(98)
|
(104)
|
(110)
|
(128)
|
(84)
|
(78)
|
(72)
|
(54)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(31)
|
(31)
|
(31)
|
(31)
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(9)
|
0
|
(15)
|
(6)
|
(7)
|
|
Total Other Income |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
2
|
2
|
1
|
1
|
0
|
0
|
1
|
2
|
0
|
0
|
0
|
1
|
0
|
5
|
5
|
4
|
3
|
(2)
|
(4)
|
(11)
|
(8)
|
(8)
|
(7)
|
1
|
(2)
|
|
Pre-Tax Income |
77
N/A
|
55
-29%
|
77
+40%
|
76
-2%
|
(51)
N/A
|
(86)
-68%
|
(92)
-7%
|
(131)
-42%
|
(106)
+19%
|
(84)
+21%
|
(109)
-30%
|
(74)
+32%
|
(9)
+88%
|
12
N/A
|
15
+25%
|
15
-4%
|
21
+40%
|
26
+24%
|
25
-4%
|
38
+56%
|
56
+44%
|
46
-17%
|
50
+8%
|
38
-25%
|
21
-44%
|
(2)
N/A
|
(12)
-556%
|
(11)
+9%
|
(20)
-89%
|
12
N/A
|
22
+88%
|
32
+44%
|
60
+87%
|
54
-9%
|
107
+97%
|
122
+14%
|
123
+1%
|
134
+9%
|
91
-32%
|
93
+2%
|
150
+61%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(34)
|
(26)
|
(30)
|
(29)
|
(23)
|
(20)
|
(15)
|
(14)
|
(15)
|
(13)
|
(12)
|
(11)
|
(9)
|
(11)
|
(11)
|
(11)
|
42
|
41
|
41
|
106
|
43
|
45
|
39
|
(31)
|
(24)
|
(55)
|
(43)
|
(33)
|
(28)
|
3
|
(2)
|
12
|
22
|
30
|
(14)
|
(54)
|
(71)
|
(91)
|
(56)
|
(59)
|
(90)
|
|
Income from Continuing Operations |
43
|
29
|
46
|
47
|
(74)
|
(106)
|
(107)
|
(145)
|
(121)
|
(97)
|
(121)
|
(85)
|
(18)
|
2
|
5
|
3
|
63
|
67
|
65
|
144
|
99
|
91
|
89
|
7
|
(3)
|
(56)
|
(55)
|
(43)
|
(48)
|
15
|
20
|
44
|
82
|
84
|
93
|
69
|
52
|
43
|
35
|
34
|
60
|
|
Income to Minority Interest |
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
|
0
|
|
Net Income (Common) |
43
N/A
|
29
-33%
|
46
+61%
|
47
+2%
|
(78)
N/A
|
(110)
-41%
|
(139)
-27%
|
(176)
-26%
|
(159)
+10%
|
(127)
+20%
|
(123)
+4%
|
(104)
+15%
|
(27)
+74%
|
(15)
+45%
|
(12)
+19%
|
3
N/A
|
10
+276%
|
14
+45%
|
12
-13%
|
90
+638%
|
97
+7%
|
95
-2%
|
93
-2%
|
12
-88%
|
3
-78%
|
(57)
N/A
|
(55)
+3%
|
(44)
+21%
|
(48)
-11%
|
14
N/A
|
20
+36%
|
44
+122%
|
82
+87%
|
84
+3%
|
93
+11%
|
68
-27%
|
52
-24%
|
43
-17%
|
35
-19%
|
34
-2%
|
60
+76%
|
|
EPS (Diluted) |
0.74
N/A
|
0.5
-32%
|
0.78
+56%
|
0.82
+5%
|
-1.35
N/A
|
-1.88
-39%
|
-2.35
-25%
|
-3.01
-28%
|
-2.72
+10%
|
-2.17
+20%
|
-2.09
+4%
|
-1.76
+16%
|
-0.45
+74%
|
-0.25
+44%
|
-0.2
+20%
|
0.06
N/A
|
0.16
+167%
|
0.23
+44%
|
0.19
-17%
|
1.48
+679%
|
1.63
+10%
|
1.58
-3%
|
1.57
-1%
|
0.19
-88%
|
0.04
-79%
|
-0.97
N/A
|
-0.95
+2%
|
-0.75
+21%
|
-0.83
-11%
|
0.25
N/A
|
0.34
+36%
|
0.75
+121%
|
1.39
+85%
|
1.43
+3%
|
1.58
+10%
|
1.16
-27%
|
0.74
-36%
|
0.39
-47%
|
0.32
-18%
|
0.33
+3%
|
0.56
+70%
|