TALOS ENERGY INC
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
TALO$14.62-1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $45,542 | $33,637 |
| Accounts receivable: | ||
| Trade, net | 210,158 | 178,977 |
| Joint interest, net | 146,558 | 79,337 |
| Other, net | 36,420 | 19,296 |
| Assets from price risk management activities | 82,016 | 36,152 |
| Prepaid assets | 93,203 | 64,387 |
| Other current assets | 41,659 | 10,389 |
| Total current assets | 655,556 | 422,175 |
| Property and equipment: | ||
| Proved properties | 9,622,726 | 7,906,295 |
| Unproved properties, not subject to amortization | 668,849 | 268,315 |
| Other property and equipment | 35,039 | 34,027 |
| Total property and equipment | 10,326,614 | 8,208,637 |
| Accumulated depreciation, depletion and amortization | (4,917,311) | (4,168,328) |
| Total property and equipment, net | 5,409,303 | 4,040,309 |
| Other long-term assets: | ||
| Restricted cash | 105,403 | 102,362 |
| Assets from price risk management activities | 9,487 | 17,551 |
| Equity method investments | 109,144 | 146,049 |
| Other well equipment | 58,795 | 54,277 |
| Notes receivable, net | 17,305 | 16,207 |
| Operating lease assets | 11,858 | 11,418 |
| Other assets | 22,225 | 5,961 |
| Total assets | $6,399,076 | $4,816,309 |
| LIABILITIES AND STOCKHOLDERSʼ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $161,506 | $84,193 |
| Accrued liabilities | 307,781 | 227,690 |
| Accrued royalties | 76,426 | 55,051 |
| Current portion of long-term debt | — | 33,060 |
| Current portion of asset retirement obligations | 55,730 | 77,581 |
| Liabilities from price risk management activities | 4,656 | 7,305 |
| Accrued interest payable | 21,049 | 42,300 |
| Current portion of operating lease liabilities | 3,933 | 2,666 |
| Other current liabilities | 46,806 | 48,769 |
| Total current liabilities | 677,887 | 578,615 |
| Long-term liabilities: | ||
| Long-term debt | 1,337,745 | 992,614 |
| Asset retirement obligations | 1,134,145 | 819,645 |
| Liabilities from price risk management activities | 479 | 795 |
| Operating lease liabilities | 16,359 | 18,211 |
| Other long-term liabilities | 414,825 | 251,278 |
| Total liabilities | 3,581,440 | 2,661,158 |
| Commitments and contingencies (Note 13) | ||
| Stockholdersʼ equity: | ||
| Preferred stock; $0.01 par value; 30,000,000 shares authorized and zero shares issued or outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Common stock; $0.01 par value; 270,000,000 shares authorized; 187,378,718 and 127,480,361 shares issued as of September 30, 2024 and December 31, 2023, respectively | 1,874 | 1,275 |
| Additional paid-in capital | 3,268,049 | 2,549,097 |
| Accumulated deficit | (359,602) | (347,717) |
| Treasury stock, at cost; 7,417,385 and 3,400,000 shares as of September 30, 2024 and December 31, 2023, respectively | (92,685) | (47,504) |
| Total stockholdersʼ equity | 2,817,636 | 2,155,151 |
| Total liabilities and stockholdersʼ equity | $6,399,076 | $4,816,309 |
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