Talos Energy (TALO) FY2016 results: revenue $259 million, down 18.0% on the year
Talos Energy Inc. (TALO) reported revenue of $259 million for fiscal 2016, the year ended 31 December 2016, down 18.0% on the year before. Net income was -$208 million, and diluted earnings per share $-7.99. The figures are the company's own, from the 8-K it filed with the SEC on 20 September 2018.
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
| $ million | FY2016 | FY2015 | On the year | Last 8 years |
|---|---|---|---|---|
| Revenue | 259 | 316 | -18.0% | |
| Operating income | -80.7 | -778 | ||
| Operating margin | -31.2% | -246.4% | ||
| Interest expense | 70.4 | 51.5 | +36.6% | |
| Pre-tax income | -208 | n/a | ||
| Net income | -208 | -647 | ||
| Net margin | -80.4% | -204.9% | ||
| Diluted EPS | -$7.99 | -$26.20 |
$ million except per share.
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Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.Cash flow
| $ million | FY2016 | FY2015 | On the year | Last 8 years |
|---|---|---|---|---|
| Operating cash flow | 116 | 138 | -16.1% | |
| Cash from investing | -199 | -285 | ||
| Cash from financing | 91.6 | 108 | -15.3% | |
| Depreciation and amortisation | 125 | 213 | -41.4% | |
| Share-based compensation | 1.1 | 1.7 | -37.0% | |
| Diluted shares, weighted | 26m | 25m | +5.5% | |
| Shares outstanding at period end | 31m | n/a |
Balance sheet
| $ million | FY2016 | FY2015 | On the year | Last 8 years |
|---|---|---|---|---|
| Shareholders' equity | 7.0 | 121 | -94.2% | |
| Debt | 701 | n/a | ||
| Other liabilities | 504 | n/a | ||
| Total liabilities and equity | 1,212 | n/a | ||
| Fixed assets | 1,043 | n/a | ||
| Cash and equivalents | 32.2 | 24.6 | +31.0% | |
| Receivables | 52.8 | n/a | ||
| Inventory | 1.1 | n/a | ||
| Other assets | 83.0 | n/a | ||
| Total assets | 1,212 | n/a |
8-K for the year ended 31 December 2016, filed 20 September 2018: the filing.