NOG FY 2011 Earnings Report — Northern Oil and Gas, Inc. Revenue & Financial Results | Market Cap Arena

Northern Oil and Gas, Inc.NOG

FY 2011 Earnings

Reported February 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$160M	—	$60M	—	168.1%
Op. Income	$78M	—	$12M	—	574.4%
Gross Margin	57.1%	—	71.7%	—	-14.6pp
Net Margin	25.4%	—	11.6%	—	13.8pp
EPS (Diluted)	$6.50	—	$1.40	—	364.3%
Free Cash Flow	-$257M	—	-$121M	—	-112.3%

Revenue Flow

Item	Amount
REVENUE	$160M
Cost of Revenue	$27M
GROSS PROFIT	$91M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$41M
Operating Expenses	$24M
Cost & Expenses	$82M
OPERATING INCOME	$78M
Interest Income	$567.5K
Interest Expense	$586.0K
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$67M
Income Tax Expense	$27M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$41M
EBIT	$68M
EBITDA	$109M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$160M
Cost of Revenue	$27M
GROSS PROFIT	$91M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$41M
Operating Expenses	$24M
Cost & Expenses	$82M
OPERATING INCOME	$78M
Interest Income	$567.5K
Interest Expense	$586.0K
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$67M
Income Tax Expense	$27M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$41M
EBIT	$68M
EBITDA	$109M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$41M
Depreciation & Amortization	$298.1K
Stock-Based Compensation	$6M
Deferred Income Tax	$27M
Other Non-Cash Items	$38M
Change in Working Capital	-$27M
OPERATING CASH FLOW	$85M
Capital Expenditure	-$342M
Acquisitions (Net)	$5M
Purchases of Investments	-$18M
Sales/Maturities of Investments	$59M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$301M
Net Debt Issuance	$70M
Common Stock Repurchased	-$1M
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	$70M
FREE CASH FLOW	-$257M
Net Change in Cash	-$146M

Balance Sheet

Item	Amount
Cash & Equivalents	$6M
Short-Term Investments	$0
Net Receivables	$69M
Inventory	$22M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$81M
PP&E (Net)	$644M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$4.5B
Other Non-Current Assets	-$4.5B
TOTAL NON-CURRENT ASSETS	$645M
TOTAL ASSETS	$726M
Account Payables	$110M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$9M
TOTAL CURRENT LIABILITIES	$120M
Long-Term Debt	$70M
Deferred Revenue NC	$3M
Deferred Tax Liabilities	$36M
Other Non-Current Liabilities	$959.4K
TOTAL NON-CURRENT LIABILITIES	$109M
TOTAL LIABILITIES	$229M
Common Stock	$63.3K
Additional Paid-In Capital	$448M
Retained Earnings	$48M
Treasury Stock	$0
Accum. Other Comp. Income	-$62.3K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$497M
Minority Interest	$0
TOTAL EQUITY	$497M
TOTAL LIABILITIES & EQUITY	$726M
Total Debt	$70M
Net Debt	$64M