W&T Offshore Financials

$123.3 M

Revenue Q2, 2017

$396.9 M

Mkt cap, 08-Dec-2017
Net income (Q2, 2017)33.3 M
EBIT (Q2, 2017)32.9 M
Cash, 30-Jun-201772.3 M
EV335.7 M

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

196.7 m104.1 m115.2 m

Revenue growth, %

(47%)11%

EBIT

(30.5 m)(60.8 m)21.3 m

EBIT margin, %

(16%)(58%)19%

Net Income

51.3 m(33.4 m)(51.6 m)16.5 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

244.6 m254.5 m263 m234.5 m127.9 m149.1 m126.2 m77.7 m99.7 m107.4 m124.4 m123.3 m

Sales and marketing expense

67.3 m55.6 m61.8 m71.7 m53.3 m45.1 m45 m44.5 m36.6 m37.5 m40.2 m31.5 m

General and administrative expense

20 m23.6 m19.7 m21 m20.8 m19.8 m16.5 m16.4 m16.2 m12.7 m13.3 m16.5 m

Operating expense total

212.6 m217.3 m228.6 m213.5 m465.4 m427.9 m594.8 m244.3 m226.7 m165.7 m96.2 m90.4 m

EBIT

32 m37.2 m34.4 m21 m(337.5 m)(278.8 m)(468.6 m)(166.6 m)(127 m)(58.3 m)28.2 m32.9 m

EBIT margin, %

13%15%13%9%(264%)(187%)(371%)(214%)(127%)(54%)23%27%

Pre tax profit

17.8 m15.1 m1.6 m

Income tax expense

8 m6.6 m5.3 m904 k(103.6 m)(44.1 m)(18.5 m)(4.9 m)(35.7 m)(3.8 m)(7.6 m)(9 m)

Net Income

14.2 m11.2 m9.8 m684 k(255.1 m)(260.4 m)(477.6 m)(190.5 m)(120.9 m)45.9 m24.3 m33.3 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2016

Cash

15.8 m23.7 m70.2 m

Accounts Receivable

2 m53.2 m

Inventories

276.5 k4.4 m

Current Assets

173.6 m182.6 m191.7 m

Total Assets

2.5 b2.7 b829.7 m

Accounts Payable

145.2 m194.1 m81 m

Current Liabilities

293.1 m284.5 m203 m

Long-term debt

8.3 m

Total Debt

8.3 m

Additional Paid-in Capital

403.6 m414.6 m540 m

Retained Earnings

161.2 m118.9 m(1.2 b)

Total Equity

509.3 m(659 m)

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

5.3 x-1.3 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

15.2 m20.3 m23.8 m17.2 m8.4 m5.7 m7.5 m370.6 m171.8 m73.4 m126.1 m72.3 m

Current Assets

181.2 m172 m183.6 m180.4 m105.8 m124.3 m123.7 m438.6 m250.7 m143 m217 m165.6 m

Total Assets

2.4 b2.5 b2.5 b2.7 b2.3 b2.1 b1.6 b1.3 b998.4 m832.6 m854.5 m875 m

Accounts Payable

130 m115.3 m140.5 m159.6 m128.3 m135.2 m107.5 m92 m92.9 m83.3 m81.4 m58.3 m

Short-term debt

139 m

Current Liabilities

317.3 m266 m280.9 m352.2 m202.2 m219.5 m260.1 m375 m216.8 m223 m198.7 m156.3 m

Long-term debt

1.1 b1.3 b8.8 m8.3 m11.1 m

Total Debt

1.1 b139 m1.3 b8.8 m8.3 m11.1 m

Additional Paid-in Capital

404.6 m406.8 m410.6 m414.4 m417.3 m420 m422.6 m426 m428.6 m537.5 m541.9 m543.4 m

Retained Earnings

212.6 m164.7 m166.9 m159.9 m(136.2 m)(396.7 m)(874.2 m)(1.1 b)(1.2 b)(1.2 b)(1.2 b)(1.1 b)

Total Equity

547.3 m553.4 m550.2 m(788 k)(475.8 m)(714.5 m)(678 m)(632.8 m)(598 m)

Financial Leverage

4.6 x4.6 x4.8 x-2645.9 x-3.4 x-1.8 x-1.2 x-1.4 x-1.5 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

51.3 m(33.4 m)(51.6 m)16.5 m

Accounts Payable

41.5 m(46.9 m)6.5 m

Cash From Operating Activities

561.4 m511.4 m132.6 m14.2 m

Cash From Investing Activities

(614.8 m)(630 m)86.1 m(82.4 m)

Cash From Financing Activities

57 m126.4 m(156.9 m)53 m

Income Taxes Paid

44.3 m3.1 m(7 k)(64.3 m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

14.2 m11.2 m9.8 m684 k(255.1 m)(260.4 m)(477.6 m)(190.5 m)(120.9 m)45.9 m24.3 m

Accounts Payable

140.5 m159.6 m128.3 m135.2 m107.5 m92 m92.9 m83.3 m81.4 m

Income Taxes Paid

120 k5.6 m11.9 m

Ratios

Y, 2017

EV/EBIT

10.2 x

Financial Leverage

-1.5 x