$MGY
Magnolia Oil & Gas Corp

2021 Q2 Form 10-Q Financial Statement

#000169899021000037 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $252.1M $82.84M
YoY Change 204.26% -65.9%
Cost Of Revenue $32.26M $25.10M
YoY Change 28.52% -22.29%
Gross Profit $219.8M $57.70M
YoY Change 280.92% -72.6%
Gross Profit Margin 87.2% 69.65%
Selling, General & Admin $29.57M $21.30M
YoY Change 38.82% -33.85%
% of Gross Profit 13.45% 36.92%
Research & Development $62.00K $6.500M
YoY Change -99.05% 80.56%
% of Gross Profit 0.03% 11.27%
Depreciation & Amortization $43.33M $50.87M
YoY Change -14.82% -59.66%
% of Gross Profit 19.72% 88.16%
Operating Expenses $81.60M $83.70M
YoY Change -2.51% -49.85%
Operating Profit $129.2M -$25.94M
YoY Change -598.13% -159.44%
Interest Expense -$9.756M -$6.600M
YoY Change 47.82% -8.33%
% of Operating Profit -7.55%
Other Income/Expense, Net -$10.62M -$6.632M
YoY Change 60.15% -7.68%
Pretax Income $118.6M -$32.57M
YoY Change -464.08% -189.35%
Income Tax $2.398M -$3.176M
% Of Pretax Income 2.02%
Net Earnings $84.45M -$18.27M
YoY Change -562.16% -198.74%
Net Earnings / Revenue 33.5% -22.06%
Basic Earnings Per Share
Diluted Earnings Per Share $479.4K -$109.8K
COMMON SHARES
Basic Shares Outstanding 175.2M shares 166.6M shares
Diluted Shares Outstanding 176.1M shares 166.6M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $190.3M $116.9M
YoY Change 62.77% 20.89%
Cash & Equivalents $190.3M $116.9M
Short-Term Investments
Other Short-Term Assets $2.094M $4.487M
YoY Change -53.33% -20.75%
Inventory
Prepaid Expenses
Receivables $119.2M $60.53M
Other Receivables $0.00 $0.00
Total Short-Term Assets $312.9M $182.5M
YoY Change 71.43% -20.82%
LONG-TERM ASSETS
Property, Plant & Equipment $1.172B $1.181B
YoY Change -0.83% -63.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $20.78M
YoY Change 7.18%
Other Assets $8.970M $4.552M
YoY Change 97.06% -14.19%
Total Long-Term Assets $1.185B $1.231B
YoY Change -3.66% -62.72%
TOTAL ASSETS
Total Short-Term Assets $312.9M $182.5M
Total Long-Term Assets $1.185B $1.231B
Total Assets $1.498B $1.413B
YoY Change 6.03% -59.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $92.13M $64.53M
YoY Change 42.77% -67.24%
Accrued Expenses $38.18M $32.60M
YoY Change 17.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $167.9M $120.3M
YoY Change 39.59% -40.18%
LONG-TERM LIABILITIES
Long-Term Debt $387.0M $390.5M
YoY Change -0.89% 0.32%
Other Long-Term Liabilities $6.590M $1.487M
YoY Change 343.17% -38.63%
Total Long-Term Liabilities $487.7M $490.4M
YoY Change -0.55% -10.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $167.9M $120.3M
Total Long-Term Liabilities $487.7M $490.4M
Total Liabilities $655.7M $610.8M
YoY Change 7.36% -18.24%
SHAREHOLDERS EQUITY
Retained Earnings -$977.8M -$1.162B
YoY Change -15.88% -1833.83%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $623.6M $527.0M
YoY Change
Total Liabilities & Shareholders Equity $1.498B $1.413B
YoY Change 6.03% -59.98%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $84.45M -$18.27M
YoY Change -562.16% -198.74%
Depreciation, Depletion And Amortization $43.33M $50.87M
YoY Change -14.82% -59.66%
Cash From Operating Activities $187.8M $30.90M
YoY Change 507.87% -83.97%
INVESTING ACTIVITIES
Capital Expenditures -$54.16M -$35.50M
YoY Change 52.55% -73.29%
Acquisitions
YoY Change
Other Investing Activities $4.450M -$24.90M
YoY Change -117.87% -36.15%
Cash From Investing Activities -$49.71M -$60.40M
YoY Change -17.71% -64.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -126.1M -300.0K
YoY Change 41934.67% -40.0%
NET CHANGE
Cash From Operating Activities 187.8M 30.90M
Cash From Investing Activities -49.71M -60.40M
Cash From Financing Activities -126.1M -300.0K
Net Change In Cash 12.02M -29.80M
YoY Change -140.34% -246.08%
FREE CASH FLOW
Cash From Operating Activities $187.8M $30.90M
Capital Expenditures -$54.16M -$35.50M
Free Cash Flow $242.0M $66.40M
YoY Change 264.44% -79.61%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001698990
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-06-30
dei Document Transition Report
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false
dei Entity File Number
EntityFileNumber
001-38083
dei Entity Registrant Name
EntityRegistrantName
Magnolia Oil & Gas Corp
dei Entity Incorporation State Country Code
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DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
81-5365682
dei Entity Address Address Line1
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Nine Greenway Plaza, Suite 1300
dei Entity Address Postal Zip Code
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dei Entity Address City Or Town
EntityAddressCityOrTown
Houston,
dei Entity Address State Or Province
EntityAddressStateOrProvince
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dei City Area Code
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dei Local Phone Number
LocalPhoneNumber
842-9050
dei Security12b Title
Security12bTitle
Class A Common Stock, par value $0.0001
dei Trading Symbol
TradingSymbol
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dei Security Exchange Name
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dei Entity Current Reporting Status
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