NOG FY 2021 Earnings Report — Northern Oil and Gas, Inc. Revenue & Financial Results | Market Cap Arena

Northern Oil and Gas, Inc.NOG

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$975M	—	$324M	—	200.9%
Op. Income	$78M	—	-$841M	—	109.3%
Gross Margin	60.1%	—	4.9%	—	55.3pp
Net Margin	0.7%	—	-279.6%	—	280.2pp
EPS (Diluted)	$-0.13	—	$-21.55	—	99.4%
Free Cash Flow	-$197M	—	$48M	—	-513.2%

Revenue Flow

Item	Amount
REVENUE	$975M
Cost of Revenue	$389M
GROSS PROFIT	$586M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$30M
SG&A Expenses	$30M
Other Expenses	$478M
Operating Expenses	$509M
Cost & Expenses	$897M
OPERATING INCOME	$78M
Interest Income	$0
Interest Expense	$59M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$7M
Income Tax Expense	$233.0K
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$8M
D&A	$141M
EBIT	$66M
EBITDA	$206M
EPS	-$0
EPS Diluted	-$0

Income Statement

Item	Amount
REVENUE	$975M
Cost of Revenue	$389M
GROSS PROFIT	$586M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$30M
SG&A Expenses	$30M
Other Expenses	$478M
Operating Expenses	$509M
Cost & Expenses	$897M
OPERATING INCOME	$78M
Interest Income	$0
Interest Expense	$59M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$7M
Income Tax Expense	$233.0K
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$8M
D&A	$141M
EBIT	$66M
EBITDA	$206M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$141M
Stock-Based Compensation	$4M
Deferred Income Tax	$233.0K
Other Non-Cash Items	$331M
Change in Working Capital	-$86M
OPERATING CASH FLOW	$396M
Capital Expenditure	-$594M
Acquisitions (Net)	-$41M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$634M
Net Debt Issuance	-$139M
Common Stock Repurchased	$0
Common Dividends Paid	-$5M
Other Financing Activities	-$18M
NET CASH FROM FINANCING	$246M
FREE CASH FLOW	-$197M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$10M
Short-Term Investments	$0
Net Receivables	$194M
Inventory	$0
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$215M
PP&E (Net)	$1.3B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$54M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.5B
Account Payables	$65M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$136M
TOTAL CURRENT LIABILITIES	$328M
Long-Term Debt	$803M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$177M
TOTAL NON-CURRENT LIABILITIES	$980M
TOTAL LIABILITIES	$1.3B
Common Stock	$479.0K
Additional Paid-In Capital	$2.0B
Retained Earnings	-$1.8B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$215M
Minority Interest	$0
TOTAL EQUITY	$215M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$803M
Net Debt	$794M