NOG FY 2012 Earnings Report — Northern Oil and Gas, Inc. Revenue & Financial Results | Market Cap Arena

Northern Oil and Gas, Inc.NOG

FY 2012 Earnings

Reported March 1, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$297M	—	$160M	—	85.8%
Op. Income	$135M	—	$78M	—	73.5%
Gross Margin	46.2%	—	57.1%	—	-10.9pp
Net Margin	24.4%	—	25.4%	—	-1.1pp
EPS (Diluted)	$11.50	—	$6.50	—	76.9%
Free Cash Flow	-$334M	—	-$257M	—	-30.0%

Revenue Flow

Item	Amount
REVENUE	$297M
Cost of Revenue	$32M
GROSS PROFIT	$137M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	-$28M
Operating Expenses	$23M
Cost & Expenses	$139M
OPERATING INCOME	$135M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$115M
Income Tax Expense	$43M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$99M
EBIT	$129M
EBITDA	$228M
EPS	$12
EPS Diluted	$12

Income Statement

Item	Amount
REVENUE	$297M
Cost of Revenue	$32M
GROSS PROFIT	$137M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	-$28M
Operating Expenses	$23M
Cost & Expenses	$139M
OPERATING INCOME	$135M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$115M
Income Tax Expense	$43M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$99M
EBIT	$129M
EBITDA	$228M
EPS	$12
EPS Diluted	$12

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$409.9K
Stock-Based Compensation	$12M
Deferred Income Tax	$43M
Other Non-Cash Items	$85M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$199M
Capital Expenditure	-$532M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$39.0K
NET CASH FROM INVESTING	-$532M
Net Debt Issuance	$354M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	-$12M
NET CASH FROM FINANCING	$341M
FREE CASH FLOW	-$334M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$13M
Short-Term Investments	$0
Net Receivables	$70M
Inventory	$9M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$94M
PP&E (Net)	$1.1B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$1.7B
Other Non-Current Assets	-$1.7B
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.2B
Account Payables	$96M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$100M
Long-Term Debt	$424M
Deferred Revenue NC	$3M
Deferred Tax Liabilities	$76M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$504M
TOTAL LIABILITIES	$605M
Common Stock	$63.5K
Additional Paid-In Capital	$465M
Retained Earnings	$121M
Treasury Stock	$0
Accum. Other Comp. Income	-$162M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$586M
Minority Interest	$0
TOTAL EQUITY	$586M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$424M
Net Debt	$411M