Vital Energy, Inc. (VTLE) · 10+ Years of Financial statements

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	97	242	510	588	665	794	607	597	822	1,106	837	677	1,394	1,921	1,548
+ Sales & Services Revenue	97	242	510	588	665	794	607	597	822	1,106	837	677	1,394	1,921	1,548
- Cost of Revenue	23	40	80	353	360	456	604	428	471	645	524	531	641	719	835
+ Cost of Goods & Services	23	40	80	353	360	456	604	428	471	645	524	531	641	719	835
Gross Profit	74	202	430	235	306	338	2	169	351	461	313	146	753	1,202	713
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	81	129	228	63	91	108	93	95	101	112	84	105	115	130	152
+ Selling, General & Admin	23	31	52	62	90	106	90	92	96	108	80	100	111	122	146
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	58	97	176	1	1	2	2	3	5	4	4	4	4	9	6
Operating Income (Loss)	-7	73	202	172	214	230	-91	74	250	348	229	42	638	1,072	561
- Non-Operating (Income) Loss	252	13	37	77	23	-200	2,296	335	-301	20	574	920	490	435	49
+ Interest Expense, Net	7	18	50	81	100	121	103	93	89	58	62	105	113	125	142
+ Interest Expense	7	18	51	81	100	121	103	93	89	58	62	105	113	125	142
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	244	-6	-13	-3	-77	-320	2,194	242	-390	-38	512	815	376	310	-93
Pretax Income	-259	60	165	95	191	430	-2,387	-261	551	329	-345	-878	149	637	512
- Income Tax Expense (Benefit)	-74	-26	59	33	75	164	-177	- -	2	4	-3	-4	4	6	-183
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-184	86	106	62	117	266	-2,210	-261	549	325	-342	-874	145	632	695
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	-3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-184	86	106	62	118	266	-2,210	-261	549	325	-342	-874	145	632	695
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-184	86	106	62	118	266	-2,210	-261	549	325	-342	-874	145	632	695
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-184	86	106	62	118	266	-2,210	-261	549	325	-342	-874	145	632	695
Basic Weighted Avg Shares	6	6	5	6	7	7	10	11	12	12	12	12	14	17	20
Basic EPS, GAAP	-29.52	13.8	19.7	9.71	17.81	37.58	-221.93	-23.12	45.92	27.94	-29.61	-74.92	10.18	37.88	34.3
Basic EPS from Cont Ops	-29.52	13.8	19.7	9.71	17.6	37.58	-221.93	-23.12	45.92	27.94	-29.61	-74.92	10.18	37.88	34.32
Diluted Weighted Avg Shares	6	6	5	6	7	7	10	11	12	12	12	12	14	17	21
Diluted EPS, GAAP	-29.52	13.8	19.53	9.62	17.56	37	-221.93	-23.12	45.72	27.84	-29.61	-74.92	10.03	37.44	33.42
Diluted EPS from Cont Ops	-29.52	13.8	19.53	9.62	17.35	37	-221.93	-23.12	45.72	27.84	-29.61	-74.92	10.03	37.44	33.44
EBITDA	51	170	379	415	449	477	187	222	408	561	494	259	854	1,406	1,024
EBITDA Margin (%)	52.79	70.41	74.18	70.64	67.48	60.05	30.85	37.23	49.63	50.75	59.05	38.19	61.23	73.2	66.16
EBITA	-7	73	202	172	214	230	-91	74	250	348	229	42	638	1,072	561
EBIT	-7	73	202	172	214	230	-91	74	250	348	229	42	638	1,072	561
Gross Margin (%)	76.51	83.38	84.31	39.98	45.93	42.59	0.37	28.34	42.68	41.67	37.37	21.62	54.03	62.58	46.07
Operating Margin (%)	-7.08	30.16	39.61	29.21	32.22	29.01	-14.93	12.4	30.37	31.52	27.31	6.13	45.78	55.79	36.22
Profit Margin (%)	-190.41	35.64	20.69	10.48	17.74	33.45	-364.29	-43.65	66.77	29.35	-40.9	-129.09	10.4	32.88	44.91
Sales per Employee	- -	- -	2,373,349	2,210,827	1,956,638	1,890,202	1,784,235	1,843,759	2,277,457	3,252,279	2,990,289	2,634,988	5,106,502	6,646,353	4,747,252
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	58	97	176	244	235	246	278	148	158	213	266	217	215	334	463

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	100	100	123	137	308	365	332	155	235	193	200	137	236	246	371
+ Cash, Cash Equivalents & STI	15	31	28	33	198	29	31	33	112	45	41	49	57	44	14
+ Cash & Cash Equivalents	15	31	28	33	198	29	31	33	112	45	41	49	57	44	14
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	71	44	74	84	77	127	60	76	100	94	85	64	152	163	239
+ Accounts Receivable, Net	21	44	74	48	58	76	37	63	87	55	58	52	152	163	178
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	50	- -	- -	35	20	51	23	13	13	39	28	12	- -	- -	60
+ Inventories	1	4	- -	- -	- -	- -	7	8	9	- -	5	3	10	6	14
+ Raw Materials	1	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	7	8	9	- -	5	3	10	6	14
+ Other ST Assets	14	21	21	20	32	209	234	38	14	53	69	21	17	32	104
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	525	968	1,505	2,201	2,316	3,567	1,481	1,628	1,788	2,228	2,064	1,306	2,316	2,480	4,779
+ Property, Plant & Equip, Net	396	810	1,379	2,114	2,204	3,354	1,200	1,367	1,768	2,200	2,029	1,290	2,262	2,434	4,505
+ Property, Plant & Equip	1,021	1,531	2,275	3,254	3,569	4,963	5,453	5,928	6,449	7,120	7,830	8,201	9,281	9,752	12,377
- Accumulated Depreciation	625	721	897	1,140	1,365	1,609	4,253	4,561	4,681	4,920	5,801	6,911	7,020	7,318	7,872
+ LT Investments & Receivables	- -	- -	- -	- -	6	58	193	244	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	6	58	193	244	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	129	158	126	87	106	155	88	17	20	28	35	16	54	47	274
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	129	158	126	87	106	155	88	17	20	28	35	16	54	47	274
Total Assets	625	1,068	1,628	2,338	2,624	3,933	1,813	1,782	2,023	2,420	2,264	1,443	2,552	2,726	5,150
+ Payables & Accruals	60	118	172	211	190	275	156	114	195	131	99	113	122	151	499
+ Accounts Payable	34	41	46	49	16	39	14	32	58	70	41	38	71	103	160
+ Accrued Taxes	- -	- -	1	2	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	26	77	124	160	172	236	142	82	137	61	58	74	51	48	339
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14	12	8	15	71
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14	12	8	15	71
+ Other ST Liabilities	19	32	43	51	64	150	61	74	82	70	58	73	397	249	26
+ Deferred Revenue	- -	- -	27	36	35	65	35	27	38	49	33	25	118	160	194
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	71	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	19	32	16	15	29	13	27	47	44	21	25	49	279	89	-168
Total Current Liabilities	79	150	214	262	254	425	217	188	277	200	171	198	527	415	596
+ LT Debt	247	492	637	1,217	1,052	1,801	1,416	1,354	792	984	1,188	1,188	1,432	1,122	1,681
+ LT Borrowings	247	492	637	1,217	1,052	1,801	1,416	1,354	792	984	1,170	1,179	1,426	1,113	1,609
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	17	9	6	9	71
+ Other LT Liabilities	10	15	16	28	46	143	49	60	188	62	64	78	80	78	88
+ Accrued Liabilities	1	1	- -	- -	16	106	- -	- -	121	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	9	15	16	28	30	37	49	60	67	62	64	78	80	78	88
Total Noncurrent Liabilities	257	507	653	1,245	1,098	1,944	1,465	1,414	980	1,046	1,252	1,266	1,511	1,200	1,769
Total Liabilities	336	657	868	1,507	1,352	2,369	1,682	1,602	1,258	1,246	1,423	1,464	2,038	1,615	2,364
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	953	963	1,285	1,311	2,089	2,399	2,435	2,378	2,388	2,399	2,789	2,754	3,734
+ Common Stock	- -	- -	1	1	1	1	2	2	2	2	2	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	951	961	1,284	1,309	2,087	2,396	2,432	2,375	2,385	2,398	2,789	2,754	3,734
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	- -	-193	-131	-13	253	-1,957	-2,218	-1,669	-1,203	-1,546	-2,420	-2,275	-1,644	-949
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	289	411	760	832	1,272	1,563	131	181	766	1,174	842	-21	514	1,111	2,785
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	289	411	760	832	1,272	1,563	131	181	766	1,174	842	-21	514	1,111	2,785
Total Liabilities & Equity	625	1,068	1,628	2,338	2,624	3,933	1,813	1,782	2,023	2,420	2,264	1,443	2,552	2,726	5,150
Shares Outstanding	6	6	6	6	7	7	11	12	12	12	12	12	17	17	35
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31	21	13	25	142
Net Debt	232	460	609	1,184	853	1,772	1,385	1,321	680	938	1,130	1,131	1,369	1,069	1,595
Net Debt to Equity	80.29	111.98	80.12	142.3	67.08	113.36	1,053.71	731.69	88.78	79.92	134.17	-5,272.16	266.47	96.2	57.28
Tangible Common Equity Ratio	46.23	38.49	46.69	35.57	48.49	39.75	7.25	10.13	37.84	48.52	37.18	-1.49	20.13	40.74	54.09
Current Ratio	1.26	0.67	0.57	0.52	1.21	0.86	1.53	0.82	0.85	0.96	1.17	0.69	0.45	0.59	0.62
Cash Conversion Cycle	- -	-244.84	-157.3	-10.84	-3.71	8.69	20.33	17.38	4.92	-10.7	-11.41	5.24	-0.44	-10.34	-12.23
Number of Employees	- -	- -	215	266	340	420	340	324	361	340	280	257	273	289	326

Cash Flow Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-184	86	106	62	118	266	-2,210	-261	549	325	-342	-874	145	632	695
+ Depreciation & Amortization	58	97	176	244	235	246	278	148	158	213	266	217	215	334	463
+ Non-Cash Items	215	-15	55	60	25	-28	2,290	458	-329	- -	618	1,020	91	-165	-274
+ Stock-Based Compensation	1	1	6	10	21	23	25	29	36	36	8	8	8	8	11
+ Deferred Income Taxes	-74	-26	59	33	75	164	-177	- -	- -	5	-3	-4	2	-1	-189
+ Asset Impairment Charge	247	- -	- -	- -	2	4	2,375	162	- -	- -	621	899	2	- -	- -
+ Other Non-Cash Adj	41	9	-10	17	-74	-219	67	267	-364	-41	-9	117	79	-173	-96
+ Chg in Non-Cash Work Cap	24	-11	7	12	-12	14	-42	10	6	- -	-66	20	46	29	-71
+ (Inc) Dec in Accts Receiv	22	-23	-30	-10	7	-50	39	1	-12	5	9	21	-88	-9	-78
+ (Inc) Dec in Inventories	3	-4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	3	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-3	8	-4	11	-23	47	-52	19	9	11	-29	-2	31	32	53
+ Inc (Dec) in Other	-1	6	41	10	3	17	-29	-9	9	-15	-46	1	102	7	-46
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	113	157	344	377	365	498	316	356	385	538	475	383	497	830	813
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	450	2	65	3	64	13	7	1	394	109	2
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	450	2	65	3	64	13	7	1	394	109	2
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-364	-461	-707	-941	-777	-1,354	-633	-125	-3	-18	-199	-36	-763	-6	-850
+ Acq of Fixed Prod Assets	-364	-461	-707	-941	-777	-1,354	-633	-125	-3	-18	-199	-36	-763	-6	-850
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	-20	-37	-55	-100	-70	798	2	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	830	2	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	-20	-37	-55	-100	-70	-32	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	2	- -	- -	20	34	- -	- -	-374	-564	-688	-469	-355	-427	-579	-629
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-361	-461	-707	-941	-330	-1,407	-668	-564	295	-691	-662	-389	-797	-476	-1,476
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	98	244	145	580	-560	750	-391	-65	-398	400	370	33	250	-318	505
+ Cash From Debt	114	350	1,342	860	230	750	660	240	380	420	550	1,080	970	455	1,663
+ Repayments of Debt	-16	-106	-1,197	-280	-790	- -	-1,051	-305	-778	-20	-180	-1,047	-720	-773	-1,158
+ Cash (Repurchase) of Equity	- -	9	319	- -	296	-4	751	274	-8	-97	- -	- -	72	-37	161
+ Increase in Capital Stock	- -	10	319	- -	298	- -	754	276	- -	- -	- -	- -	72	- -	161
+ Decrease in Capital Stock	- -	-1	- -	- -	-2	-4	-3	-2	-8	-97	- -	- -	- -	-37	- -
+ Other Financing Activities	152	66	-105	-11	394	-6	-7	- -	-194	-217	-188	-19	-14	-11	-33
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	250	320	359	569	130	740	353	210	-600	86	182	14	308	-366	633
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	1	16	-3	5	165	-169	2	2	79	-67	-4	8	8	-12	-30
EBITDA	51	170	379	415	449	477	187	222	408	561	494	259	854	1,406	1,024
EBITDA Margin (%)	52.79	70.41	74.18	70.64	67.48	60.05	30.85	37.23	49.63	50.75	59.05	38.19	61.23	73.2	66.16
Net Cash Paid for Acquisitions	- -	- -	- -	20	37	55	100	70	-798	-2	- -	- -	- -	- -	- -
Free Cash Flow	-251	-304	-363	-564	-412	-855	-317	232	382	520	276	348	-267	824	-37
Free Cash Flow to Firm	- -	- -	-330	-511	-351	-780	- -	- -	471	577	- -	- -	-156	948	- -
Free Cash Flow to Equity	- -	-59	-217	16	-522	-104	-643	170	48	933	653	382	377	615	470
Free Cash Flow per Basic Share	-40.17	-48.57	-67.69	-88.85	-62.19	-121.04	-31.8	20.54	31.95	44.78	23.85	29.79	-18.73	49.43	-1.8
Price/Free Cash Flow	- -	- -	2.14	1.69	3.21	0.8	1.65	6.58	6.71	1.54	0.95	0.55	0.7	1.01	0.58
Cash Flow to Net Income	-0.61	1.82	3.26	6.11	3.09	1.88	-0.14	-1.37	0.7	1.66	-1.39	-0.44	3.43	1.31	1.17

Vital Energy, Inc.

VTLE US

41.79

41.79