Talos Energy (TALO) FY2023 results: revenue $1.5 billion, down 11.7% on the year
Talos Energy Inc. (TALO) reported revenue of $1.5 billion for fiscal 2023, the year ended 31 December 2023, down 11.7% on the year before. Net income was $187 million, down 50.9%, and diluted earnings per share $1.55. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$1.5 billion
-11.7% on the year
FY2016FY2023
Operating margin
14.4%
44.6% a year earlier
FY2016FY2023
Net income
$187 million
-50.9% on the year
FY2016FY2023
Diluted EPS
$1.55
-66.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
519
710
411
-26.9%
Cash from investing
-513
-312
-294
Cash from financing
85.4
-423
-82.0
Depreciation and amortisation
664
415
396
+60.0%
Share-based compensation
13.0
16.0
11.0
-18.8%
Buybacks
47.5
0.0
0.0
Diluted shares, weighted
121m
84m
82m
+44.3%
Shares outstanding at period end
n/a
83m
82m
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,155
1,166
761
+84.9%
Debt
1,026
585
963
+75.2%
Operating lease liabilities
18.2
14.9
16.3
+22.6%
Finance lease liabilities
131
149
13.1
-12.0%
Other liabilities
1,486
1,144
1,014
+29.9%
Total liabilities and equity
4,816
3,059
2,767
+57.5%
Fixed assets
4,040
2,643
2,389
+52.9%
Intangible assets
n/a
1.4
0.0
Cash and equivalents
33.6
44.1
69.9
-23.8%
Receivables
179
151
173
+18.8%
Other assets
563
219
135
+157.0%
Total assets
4,816
3,059
2,767
+57.5%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.