VAALCO Energy, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-41.4M | $58.5M | $60.4M | $51.9M | $81.8M | $-48.2M | $2.6M | $98.2M |
| Depreciation & Amortization | $110.0M | $143.0M | $115.3M | $48.1M | $21.1M | $9.4M | $7.1M | $5.6M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $6.2M | $4.3M | $2.9M | $2.2M | $2.5M | $114.0K | $3.5M | $2.4M |
| Net Cash from Operating Activities | $212.7M | $113.7M | $223.6M | $128.8M | $50.1M | $27.5M | $26.5M | $37.2M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | $0 | $0 | $22.5M | $4.3M | $10.3M | $14.1M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-255.9M | $-102.1M | $-97.2M | $-123.2M | $-39.1M | $-24.3M | $-10.3M | $-14.1M |
| Financing Activities | ||||||||
| Dividends Paid | $26.5M | $26.2M | $26.8M | $9.4M | $0 | $0 | — | — |
| Stock Repurchases | $709.0K | $6.8M | $23.6M | $3.8M | $1.4M | $992.0K | $3.9M | $58.0K |
| Net Cash from Financing Activities | $12.4M | $-43.0M | $-56.8M | $-18.0M | $-57.0K | $-929.0K | $-3.7M | $-8.7M |
| Net Change in Cash | $-30.8M | $-31.5M | $69.4M | $-12.5M | $11.0M | $2.2M | $12.5M | $14.4M |
| Free Cash Flow | — | — | $223.6M | $128.8M | $27.6M | $23.1M | $16.1M | $23.0M |