Talos Energy (TALO) FY2019 results: revenue $908 million, up 1.9% on the year
Talos Energy Inc. (TALO) reported revenue of $908 million for fiscal 2019, the year ended 31 December 2019, up 1.9% on the year before. Net income was $59 million, down 73.5%, and diluted earnings per share $1.08. The figures are the company's own, from the 10-K it filed with the SEC on 12 March 2020.
Revenue
$908 million
+1.9% on the year
FY2015FY2019
Operating margin
23.5%
28.4% a year earlier
FY2015FY2019
Net income
$59 million
-73.5% on the year
FY2015FY2019
Diluted EPS
$1.08
-77.5% on the year
FY2015FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
908
891
413
+1.9%
Operating income
213
253
45.3
-15.8%
Operating margin
23.5%
28.4%
11.0%
Interest expense
97.8
90.1
80.9
+8.6%
Pre-tax income
22.6
224
-62.9
-89.9%
Income tax
-36.1
2.9
n/a
Effective tax rate
-160.0%
1.3%
n/a
Net income
58.7
222
-62.9
-73.5%
Net margin
6.5%
24.9%
-15.2%
Diluted EPS
$1.08
$4.81
-$2.01
-77.5%
$ million except per share. Read moreFree 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
394
263
176
+49.5%
Cash from investing
-496
37.5
-158
Cash from financing
48.1
-193
-18.4
Depreciation and amortisation
346
289
157
+19.8%
Share-based compensation
7.0
2.9
0.9
+140.7%
Diluted shares, weighted
54m
46m
31m
+18.1%
Shares outstanding at period end
54m
54m
31m
+0.1%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,078
1,007
-54.1
+7.0%
Debt
733
655
698
+11.9%
Operating lease liabilities
17.2
n/a
n/a
Finance lease liabilities
62.0
n/a
n/a
Other liabilities
699
817
596
-14.5%
Total liabilities and equity
2,589
2,480
1,239
+4.4%
Fixed assets
2,226
2,051
1,091
+8.5%
Cash and equivalents
87.0
140
32.2
-37.8%
Receivables
108
103
62.9
+4.7%
Inventory
n/a
n/a
0.8
Other assets
169
186
52.6
-9.1%
Total assets
2,589
2,480
1,239
+4.4%
10-K for the year ended 31 December 2019, filed 12 March 2020: the filing.