$MGY
Magnolia Oil & Gas Corp

2018 Q2 Form 10-Q Financial Statement

#000156459018021727 Filed on August 14, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q4 2017 Q2
Revenue $200.0M $125.0M $0.00
YoY Change
Cost Of Revenue $12.60M
YoY Change
Gross Profit $112.4M
YoY Change
Gross Profit Margin 89.92%
Selling, General & Admin $28.70M $7.500M $200.0K
YoY Change 14250.0%
% of Gross Profit 6.67%
Research & Development $300.0K
YoY Change
% of Gross Profit 0.27%
Depreciation & Amortization $63.35M $40.90M
YoY Change
% of Gross Profit 36.39%
Operating Expenses $174.4M $48.80M $200.0K
YoY Change 87100.0%
Operating Profit $101.3M $63.60M -$206.7K
YoY Change -49113.51%
Interest Expense -$23.00M -$9.300M $700.0K
YoY Change -3385.71%
% of Operating Profit -22.7% -14.62%
Other Income/Expense, Net -$14.31M $0.00
YoY Change
Pretax Income $87.02M $54.30M $446.0K
YoY Change 19412.67%
Income Tax $573.0K $567.9K $156.1K
% Of Pretax Income 0.66% 1.05% 35.0%
Net Earnings $86.45M $614.2K $289.9K
YoY Change 29721.83%
Net Earnings / Revenue 43.23% 0.49%
Basic Earnings Per Share
Diluted Earnings Per Share $739.1K $330.0K $5.671K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2017 Q4 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.0K $0.00 $1.800M
YoY Change -88.89%
Cash & Equivalents $242.1K $851.5K $1.776M
Short-Term Investments
Other Short-Term Assets $100.0K $300.0K $200.0K
YoY Change -50.0%
Inventory
Prepaid Expenses $113.3K $142.3K
Receivables $100.5M
Other Receivables $13.70M
Total Short-Term Assets $355.4K $993.7K $2.000M
YoY Change -82.23%
LONG-TERM ASSETS
Property, Plant & Equipment $1.566B
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $655.3M $8.900M $650.7M
YoY Change 0.71%
Other Assets $3.100M $0.00
YoY Change
Total Long-Term Assets $658.5M $652.9M $650.6M
YoY Change 1.21%
TOTAL ASSETS
Total Short-Term Assets $355.4K $993.7K $2.000M
Total Long-Term Assets $658.5M $652.9M $650.6M
Total Assets $658.8M $653.9M $652.6M
YoY Change 0.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $74.50M $600.0K
YoY Change
Accrued Expenses $10.60M $1.200M
YoY Change 783.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.58M $1.805M $1.800M
YoY Change 543.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $22.80M $7.100M $22.80M
YoY Change 0.0%
Total Long-Term Liabilities $22.80M $7.100M $22.80M
YoY Change 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.58M $1.805M $1.800M
Total Long-Term Liabilities $22.80M $7.100M $22.80M
Total Liabilities $34.33M $24.55M $24.50M
YoY Change 40.13%
SHAREHOLDERS EQUITY
Retained Earnings -$3.372M $1.532M
YoY Change
Common Stock $8.370M $3.466M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.000M $5.000M $5.000M
YoY Change
Total Liabilities & Shareholders Equity $658.8M $653.9M $652.6M
YoY Change 0.95%

Cashflow Statement

Concept 2018 Q2 2017 Q4 2017 Q2
OPERATING ACTIVITIES
Net Income $86.45M $614.2K $289.9K
YoY Change 29721.83%
Depreciation, Depletion And Amortization $63.35M $40.90M
YoY Change
Cash From Operating Activities -$500.0K $64.30M -$100.0K
YoY Change 400.0%
INVESTING ACTIVITIES
Capital Expenditures -$59.20M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $400.0K -$650.0M
YoY Change -100.0%
Cash From Investing Activities $0.00 -$58.80M -$650.0M
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 200.0K -5.500M 651.8M
YoY Change -99.97%
NET CHANGE
Cash From Operating Activities -500.0K 64.30M -100.0K
Cash From Investing Activities 0.000 -58.80M -650.0M
Cash From Financing Activities 200.0K -5.500M 651.8M
Net Change In Cash -300.0K 0.000 1.700M
YoY Change -117.65%
FREE CASH FLOW
Cash From Operating Activities -$500.0K $64.30M -$100.0K
Capital Expenditures -$59.20M
Free Cash Flow $123.5M
YoY Change

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us-gaap Concentration Risk Credit Risk
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<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
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<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
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us-gaap Underwriting Commitments
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no Deferred Discount would have been payable to the underwriters had a Business Combination not been completed within 24 months after the Close Date.

Files In Submission

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