VAALCO Energy (EGY) Cash Flow: Operating & Free Cash Flow

VAALCO Energy Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for VAALCO Energy, Inc. (EGY) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-41.39	58.49	60.35	51.89	51.89	81.84	-48.18	2.56	98.23	9.65
Depreciation & Amortization	109.98	143.03	115.30	48.14	48.14	21.06	9.56	7.32	6.01	6.83
Deferred Income Tax	-29.43	-16.79	-2.86	44.81	44.81	-39.98	24.16	14.48	-56.91	-1.26
Stock Based Compensation	6.21	4.28	2.95	2.20	1.37	2.46	0.11	3.51	2.31	1.10
Change in Working Capital	95.40	-70.59	40.87	1.10	1.10	-12.59	7.42	6.95	-6.11	-8.23
Change in Accounts Receivable	84.53	-44.25	43.52	3.90	9.10	-22.64	14.34	-2.43	-8.35	3.20
Change in Inventory	7.67	7.49	1.39	-1.74	-1.74	5.02	-2.83	-0.29	2.48	-2.35
Change in Accounts Payable	50.91	-13.20	-28.10	23.92	23.92	-0.92	-0.84	6.01	-3.41	-7.30
Change in Other Working Capital	-47.70	-9.82	-0.43	-24.98	-31.24	5.95	-3.24	3.65	3.17	-1.78
Other Operating Activities	71.89	-21.49	-0.43	-19.29	25.51	-2.67	34.37	-8.35	-6.35	-1.43
Net Cash from Operating Activities	212.67	113.72	223.60	128.85	128.85	50.12	27.45	26.47	37.18	6.66
Investing Activities
Capital Expenditures	-255.89	-103.00	-97.22	-159.90	-159.90	-39.06	-24.33	-10.35	-14.13	-1.81
Acquisitions	0.00	0.88	0.00	36.69	36.69	0.00	0.00	0.00	0.00	0.06
Purchases of Investments	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	-0.05
Other Investing Activities	0.00	0.88	0.00	0.00	-	-16.56	0.00	0.00	-14.13	0.10
Net Cash from Investing Activities	-255.89	-102.12	-97.22	-123.21	-123.21	-39.06	-24.33	-10.35	-14.13	-1.65
Financing Activities
Debt Repayment	39.57	-10.48	-7.15	-3.04	-3.04	0.00	0.00	0.00	-9.17	-5.83
Common Stock Issued	0.00	0.45	0.67	0.31	0.31	1.37	0.06	0.26	0.54	0.04
Common Stock Repurchased	-0.71	-6.80	-23.57	-3.81	-3.81	-1.43	-0.99	-3.91	-0.06	-0.02
Dividends Paid	-26.48	-26.22	-26.77	-9.35	-9.35	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	0.00	-10.48	0.00	-2.07	-2.07	0.00	0.00	0.00	0.00	0.00
Net Cash from Financing Activities	12.38	-43.05	-56.82	-17.96	-17.96	-0.06	-0.93	-3.66	-8.68	-5.82
Summary
Effect of Forex Changes on Cash	0.08	0.00	-0.15	-0.22	-0.22	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	-30.76	-31.45	69.40	-12.54	-12.54	11.00	2.19	12.47	14.37	-0.81
Cash at Beginning of Period	97.73	129.18	59.78	72.31	72.31	61.32	59.12	46.66	32.29	20.47
Cash at End of Period	66.96	97.73	129.18	59.78	59.78	72.31	61.32	59.12	46.66	19.67
Free Cash Flow	-43.22	10.72	126.37	-31.05	-31.05	11.05	3.12	16.12	23.05	4.85
Supplemental Disclosures
Interest Paid	-	6.71	9.12	-	1.66	-	-	-	-	-
Income Taxes Paid	-	-	-	-	-	20.10	8.04	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About VAALCO Energy Cash Flow

What is VAALCO Energy's free cash flow?

VAALCO Energy had negative free cash flow of $43.22M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $212.67M minus $255.89M of capital expenditures.

How much does VAALCO Energy spend on capital expenditures?

VAALCO Energy spent $255.89M on capital expenditures in fiscal 2025, compared with $103.00M a year earlier. That equals 120.3% of operating cash flow.

Does VAALCO Energy pay dividends or buy back shares?

Yes. In fiscal 2025 VAALCO Energy returned $26.48M in dividends and $709.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition