VAALCO Energy, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SCHEDULE I - PARENT COMPANY FINANCIAL STATEMENT- STATEMENTS OF CONSOLIDATED CASH FLOWS (Details)

SCHEDULE I - PARENT COMPANY FINANCIAL STATEMENT- STATEMENTS OF CONSOLIDATED CASH FLOWS (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (77,550)us-gaap_ProfitLoss	$ 43,072us-gaap_ProfitLoss	$ 5,339us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation, depletion and amortization	20,086	16,929	19,913
Stock based compensation	3,322us-gaap_ShareBasedCompensation	3,005us-gaap_ShareBasedCompensation	2,406us-gaap_ShareBasedCompensation
Change in operating assets and liabilities:
Other receivables	(1,250)	(53)	(199)
Prepayments and other	(4,172)	594	(766)
Accounts payable and other liabilities	(9,503)	8,988	39
CASH FLOWS FROM INVESTING ACTIVITIES
Decrease/(increase) in restricted cash	(9,219)	(1,065)	78
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of common stock	5,685	3,729	3,335
Purchase of treasury stock	(1,868)	(11,456)
Distribution to noncontrolling interest			(5,595)
Acquisition of noncontrolling interest			(26,200)us-gaap_PaymentsToMinorityShareholders
NET CHANGE IN CASH AND CASH EQUIVALENTS	(61,478)	(270)	(6,339)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	130,529	130,800	137,139
CASH AND CASH EQUIVALENTS AT END OF PERIOD	69,051	130,529	130,800
VAALCO ENERGY, INC.
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	(77,550)	43,072	5,339
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation, depletion and amortization	94	63	59
Stock based compensation	3,322	3,005	2,406
Equity in (earnings) loss from subsidiaries	71,199	(48,852)	(13,377)
Change in operating assets and liabilities:
Other receivables	(257)	180	27
Prepayments and other	(416)	(16)	14
Accounts payable and other liabilities	153	371	(2,710)
Net cash (used in) operating activities	(3,455)	(2,177)	(8,242)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in subsidiaries	(4,371)	(8,245)
Return of investment in subsidiaries			19,307
Decrease/(increase) in restricted cash			(10,000)
Property and equipment expenditures	(816)	(47)	(77)
Net cash (used in) investing activities	(5,187)	(8,292)	9,230
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of common stock	5,685	3,729	3,335
Purchase of treasury stock	(1,868)	(11,456)
Distribution to noncontrolling interest			(5,595)
Acquisition of noncontrolling interest			(26,200)
Net cash provided by (used in) financing activities	3,817	(7,727)	(28,460)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(4,825)	(18,196)	(27,472)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	8,605	26,801	54,273
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 3,780	$ 8,605	$ 26,801