NOG FY 2018 Earnings Report — Northern Oil and Gas, Inc. Revenue & Financial Results | Market Cap Arena

Northern Oil and Gas, Inc.NOG

FY 2018 Earnings

Reported March 18, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$494M	—	$224M	—	120.5%
Op. Income	$433M	—	$60M	—	615.1%
Gross Margin	53.1%	—	42.0%	—	11.1pp
Net Margin	29.1%	—	-4.1%	—	33.2pp
EPS (Diluted)	$6.07	—	$-1.50	—	504.7%
Free Cash Flow	-$230M	—	-$46M	—	-395.9%

Revenue Flow

Item	Amount
REVENUE	$494M
Cost of Revenue	$232M
GROSS PROFIT	$262M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$891.0K
Operating Expenses	$15M
Cost & Expenses	$61M
OPERATING INCOME	$433M
Interest Income	$0
Interest Expense	$87M
Other Income/Expenses	-$104M
INCOME BEFORE TAX	$144M
Income Tax Expense	-$55.0K
Net Income from Continuing Ops	$144M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$144M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$144M
D&A	$120M
EBIT	$231M
EBITDA	$350M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$494M
Cost of Revenue	$232M
GROSS PROFIT	$262M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$891.0K
Operating Expenses	$15M
Cost & Expenses	$61M
OPERATING INCOME	$433M
Interest Income	$0
Interest Expense	$87M
Other Income/Expenses	-$104M
INCOME BEFORE TAX	$144M
Income Tax Expense	-$55.0K
Net Income from Continuing Ops	$144M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$144M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$144M
D&A	$120M
EBIT	$231M
EBITDA	$350M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$144M
Depreciation & Amortization	$120M
Stock-Based Compensation	$4M
Deferred Income Tax	$365.0K
Other Non-Cash Items	$2M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$244M
Capital Expenditure	-$475M
Acquisitions (Net)	$67.7K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$67.7K
NET CASH FROM INVESTING	-$475M
Net Debt Issuance	$40M
Common Stock Repurchased	-$22M
Common Dividends Paid	$0
Other Financing Activities	$113M
NET CASH FROM FINANCING	$130M
FREE CASH FLOW	-$230M
Net Change in Cash	-$100M

Balance Sheet

Item	Amount
Cash & Equivalents	$2M
Short-Term Investments	$0
Net Receivables	$96M
Inventory	$116M
Other Current Assets	$128M
TOTAL CURRENT ASSETS	$228M
PP&E (Net)	$1.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$67M
Tax Assets	$420.0K
Other Non-Current Assets	$72M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.5B
Account Payables	$55M
Short-Term Debt	$18M
Deferred Revenue	-$18M
Other Current Liabilities	$59M
TOTAL CURRENT LIABILITIES	$232M
Long-Term Debt	$830M
Deferred Revenue NC	-$695M
Deferred Tax Liabilities	$104.6K
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$842M
TOTAL LIABILITIES	$1.1B
Common Stock	$378.3K
Additional Paid-In Capital	$1.2B
Retained Earnings	-$797M
Treasury Stock	$0
Accum. Other Comp. Income	-$2.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$430M
Minority Interest	$0
TOTAL EQUITY	$430M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$830M
Net Debt	$828M