Talos Energy (TALO) FY2020 results: revenue $576 million, down 36.6% on the year
Talos Energy Inc. (TALO) reported revenue of $576 million for fiscal 2020, the year ended 31 December 2020, down 36.6% on the year before. Net income was -$466 million, and diluted earnings per share $-6.88. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2021.
Revenue
$576 million
-36.6% on the year
FY2015FY2020
Operating margin
-73.2%
23.5% a year earlier
FY2015FY2020
Net income
-$466 million
FY2015FY2020
Diluted EPS
-$6.88
FY2015FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
576
908
891
-36.6%
Operating income
-421
213
253
Operating margin
-73.2%
23.5%
28.4%
Interest expense
99.4
97.8
90.1
+1.6%
Pre-tax income
-430
22.6
224
Income tax
35.6
-36.1
2.9
Effective tax rate
n/a
-160.0%
1.3%
Net income
-466
58.7
222
Net margin
-80.8%
6.5%
24.9%
Diluted EPS
-$6.88
$1.08
$4.81
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
302
394
263
-23.3%
Cash from investing
-679
-496
37.5
Cash from financing
324
48.1
-193
+574.2%
Depreciation and amortisation
364
346
289
+5.3%
Share-based compensation
8.7
7.0
2.9
+24.5%
Diluted shares, weighted
68m
54m
46m
+24.4%
Shares outstanding at period end
81m
54m
54m
+50.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
927
1,078
1,007
-14.1%
Debt
986
733
655
+34.5%
Operating lease liabilities
18.6
17.2
n/a
+7.6%
Finance lease liabilities
40.2
62.0
n/a
-35.2%
Other liabilities
864
699
817
+23.6%
Total liabilities and equity
2,835
2,589
2,480
+9.5%
Fixed assets
2,536
2,226
2,051
+14.0%
Cash and equivalents
34.2
87.0
140
-60.7%
Receivables
106
108
103
-1.5%
Other assets
158
169
186
-6.6%
Total assets
2,835
2,589
2,480
+9.5%
10-K for the year ended 31 December 2020, filed 11 March 2021: the filing.