$MGY
Magnolia Oil & Gas Corp

2017 Q3 Form 10-Q Financial Statement

#000156459017022750 Filed on November 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q3
Revenue $0.00
YoY Change
Cost Of Revenue $10.20M
YoY Change
Gross Profit $76.40M
YoY Change
Gross Profit Margin
Selling, General & Admin $10.80M
YoY Change
% of Gross Profit 14.14%
Research & Development $100.0K
YoY Change
% of Gross Profit 0.13%
Depreciation & Amortization $88.80M
YoY Change
% of Gross Profit 116.23%
Operating Expenses $38.00M
YoY Change
Operating Profit -$327.6K
YoY Change
Interest Expense -$1.700M
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $1.030M
YoY Change
Income Tax $360.3K
% Of Pretax Income 35.0%
Net Earnings $669.2K
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $229.2K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.000M
YoY Change
Cash & Equivalents $956.0K
Short-Term Investments
Other Short-Term Assets $200.0K
YoY Change
Inventory
Prepaid Expenses $182.0K
Receivables
Other Receivables
Total Short-Term Assets $1.138M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $651.6M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $651.6M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.138M
Total Long-Term Assets $651.6M
Total Assets $652.7M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $400.0K
YoY Change
Accrued Expenses $846.1K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.229M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $22.80M
YoY Change
Total Long-Term Liabilities $22.80M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.229M
Total Long-Term Liabilities $22.80M
Total Liabilities $23.98M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $918.0K
YoY Change
Common Stock $4.080M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.000M
YoY Change
Total Liabilities & Shareholders Equity $652.7M
YoY Change

Cashflow Statement

Concept 2017 Q3
OPERATING ACTIVITIES
Net Income $669.2K
YoY Change
Depreciation, Depletion And Amortization $88.80M
YoY Change
Cash From Operating Activities $193.2M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$188.2M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $582.6M
YoY Change
Cash From Investing Activities $394.4M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -589.3M
YoY Change
NET CHANGE
Cash From Operating Activities 193.2M
Cash From Investing Activities 394.4M
Cash From Financing Activities -589.3M
Net Change In Cash -1.700M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $193.2M
Capital Expenditures -$188.2M
Free Cash Flow $381.4M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2017-09-30
dei Trading Symbol
TradingSymbol
TPGE
dei Entity Registrant Name
EntityRegistrantName
TPG PACE ENERGY HOLDINGS CORP.
dei Entity Central Index Key
EntityCentralIndexKey
0001698990
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Amendment Flag
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CY2017Q3 us-gaap Commitments And Contingencies
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CY2017Q3 us-gaap Revenues
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us-gaap Revenues
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tpge Professional Fees And Other Expenses
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us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2017Q1 us-gaap Stockholders Equity
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Investment Income Interest
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ProceedsFromRestrictedInvestmentsInterestReceived
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Increase Decrease In Restricted Cash And Investments
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us-gaap Proceeds From Issuance Initial Public Offering
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us-gaap Proceeds From Issuance Of Private Placement
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us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Repayments Of Related Party Debt
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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tpge Accrued Offering Cost
AccruedOfferingCost
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Concentration of Credit Risk </p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which at times, may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. </p></div>
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Use of Estimates </p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with U.S.&#160;GAAP requires the Company&#8217;s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </p></div>
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2017-02-14
tpge Public Offering Closing Date
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2017-05-10
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tpge Trust Account Interest Withdrawal Annual Limit To Fund Working Capital And Tax Payment
TrustAccountInterestWithdrawalAnnualLimitToFundWorkingCapitalAndTaxPayment
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tpge Trust Account Threshold For Release Of Funds
TrustAccountThresholdForReleaseOfFunds
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CY2017Q3 us-gaap Temporary Equity Redemption Price Per Share
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CY2017Q3 us-gaap Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
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tpge Term For Completion Of Business Acquisition
TermForCompletionOfBusinessAcquisition
The Company has 24 months from the Close Date to complete its Business Combination. If the Company does not complete a Business Combination within this period, it shall (i) cease all operations except for the purposes of winding up; (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds in the Trust Account and not previously released to the Company to fund its working capital requirements, subject to an annual limit of $750,000, and/or to pay its taxes (less up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. The Company’s Sponsor and four independent directors (collectively, “Initial Stockholders”) and the Company’s officers and directors have entered into a letter agreement with the Company, pursuant to which they have waived their rights to liquidating distributions from the Trust Account with respect to their Founder Shares (as defined in Note 4) if the Company fails to complete the Business Combination within 24 months from the Close Date.
CY2017Q3 tpge Working Capital
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tpge Cash And Cash Equivalents Maturity Period
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CY2017Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0
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Assets
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us-gaap Underwriting Commitments
UnderwritingCommitments
No Deferred Discount is payable to the underwriters if a Business Combination is not completed within 24 months after the Close Date.

Files In Submission

Name View Source Status
0001564590-17-022750-index-headers.html Edgar Link pending
0001564590-17-022750-index.html Edgar Link pending
0001564590-17-022750.txt Edgar Link pending
0001564590-17-022750-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tpge-10q_20170930.htm Edgar Link pending
tpge-20170930.xml Edgar Link completed
tpge-20170930.xsd Edgar Link pending
tpge-20170930_cal.xml Edgar Link unprocessable
tpge-20170930_def.xml Edgar Link unprocessable
tpge-20170930_lab.xml Edgar Link unprocessable
tpge-20170930_pre.xml Edgar Link unprocessable
tpge-ex311_9.htm Edgar Link pending
tpge-ex312_8.htm Edgar Link pending
tpge-ex321_6.htm Edgar Link pending
tpge-ex322_7.htm Edgar Link pending