← Magnolia Oil & Gas Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| NET INCOME | $21.5m | $178.9m | $85.0m | ($1.9b) | $559.7m | $1.1b | $442.6m | $397.3m | $337.3m | |
| Net Income From Continuing Operations | — | — | — | — | — | $1.1b | $442.6m | $397.3m | $337.3m | |
| Net Income (Loss) Attributable to Parent | $21.5m | $1.5m | $50.2m | ($1.2b) | $417.3m | $893.8m | $388.3m | $366.0m | $325.3m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $21.5m | $1.5m | $47.4m | ($1.2b) | $414.5m | $885.6m | $384.0m | $361.5m | $320.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $85.0m | ($1.9b) | $559.7m | $1.1b | $442.6m | $397.3m | $337.3m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $34.8m | ($660.6m) | $142.4m | $156.4m | $54.3m | $31.3m | $12.0m | |
| Depreciation, depletion and amortization | $33.1m | $129.7m | $523.6m | $283.4m | $187.7m | $243.2m | $324.8m | $414.5m | $437.8m | |
| Amortization of deferred financing costs | $0 | $0 | $3.5m | $3.6m | $4.3m | $5.9m | $4.3m | $4.5m | $2.2m | |
| Amortization Cash Flow | — | — | — | — | $9.3m | $0 | $0 | — | — | |
| Amortization Of Intangibles | — | — | — | — | $9.3m | $0 | $0 | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | $243.2m | $324.8m | $414.5m | $437.8m | |
| Depreciation, Depletion and Amortization | $33.1m | $129.7m | $523.6m | $283.4m | $187.7m | $243.2m | $324.8m | $414.5m | $437.8m | |
| Amortization of Debt Issuance Costs | — | — | $3.5m | $3.6m | $4.3m | $5.9m | $4.3m | $4.5m | $2.2m | |
| Amortization of Intangible Assets | — | — | $14.5m | $14.5m | $9.3m | $0 | $0 | — | — | |
| Deferred income tax expense | $615k | $2.1m | $14.3m | ($77.8m) | $0 | ($65.7m) | $75.4m | $70.3m | $96.8m | |
| Deferred Income Tax | — | — | — | — | — | ($65.7m) | $75.4m | $70.3m | $96.8m | |
| Deferred Tax | — | — | — | — | — | ($65.7m) | $75.4m | $70.3m | $96.8m | |
| Deferred Income Tax Expense (Benefit) | — | — | $14.3m | ($77.8m) | $0 | ($65.7m) | $75.4m | $70.3m | $96.8m | |
| Impairment of oil and natural gas properties | — | — | $0 | $1.4b | $0 | $0 | $15.7m | $0 | $0 | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $15.7m | $0 | $0 | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $11.1m | $10.0m | $11.7m | $13.3m | $16.2m | $18.7m | $27.3m | |
| Share-based Payment Arrangement, Expense | — | — | $11.1m | $10.0m | $11.7m | $13.3m | $16.2m | $18.7m | $27.3m | |
| Impairment of Intangible Assets, Finite-lived | — | — | $0 | $0 | $0 | — | — | — | — | |
| Loss on extinguishment of debt | — | — | — | — | — | $0 | $0 | $8.8m | $0 | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | $0 | $0 | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | $3.9m | $0 | $0 | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | ($8.8m) | $0 | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | $5.1m | $0 | $0 | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | $857k | $2.1m | $0 | $0 | — | — | — | |
| Income Tax Expense (Benefit) | — | $1.1m | $14.8m | ($79.3m) | $8.9m | $6.6m | $107.2m | $95.8m | $80.1m | |
| Operating Lease, Expense | — | — | $93.8m | $79.2m | $93.0m | $131.5m | $155.5m | $180.9m | $186.6m | |
| Other Nonoperating Income (Expense) | — | — | ($238k) | $3.4m | $85k | $6.5m | $15.4m | $4.3m | ($153k) | |
| Changes in operating assets and liabilities: | ||||||||||
| Changes in working capital associated with additions to oil and natural gas properties | — | — | ($9.9m) | ($24.4m) | $13.6m | $38.0m | ($33.8m) | ($2.4m) | ($10.4m) | |
| Additional Financial Items | ||||||||||
| Asset retirement obligations accretion | $94k | $232k | $5.5m | $5.7m | $4.9m | $3.2m | $4.0m | $6.7m | $6.8m | |
| Gain on sale of assets | — | — | — | — | $0 | $0 | ($3.9m) | $0 | $0 | |
| Gain on revaluation of contingent consideration | — | — | — | — | $0 | $0 | ($7.6m) | ($4.3m) | ($4.5m) | |
| Stock based compensation | $0 | $0 | $11.1m | $10.0m | $11.7m | $13.3m | $16.2m | $18.7m | $27.3m | |
| Other | $2k | ($397k) | ($677k) | ($728k) | ($84k) | $0 | $0 | $2.9m | $2.9m | |
| Accounts receivable | ($20.4m) | ($70.8m) | $8.0m | $24.2m | ($68.2m) | ($21.0m) | ($19.4m) | $36.7m | ($3.9m) | |
| Accounts payable | — | $10.5m | ($6.8m) | ($17.0m) | $65.3m | $74.9m | ($9.2m) | ($18.4m) | ($5.3m) | |
| Accrued liabilities | — | $1.4m | ($19.2m) | ($2.5m) | $7.8m | $8.6m | $3.4m | ($9.6m) | $10.7m | |
| Other assets and liabilities, net | $64k | ($192k) | ($23.8m) | ($768k) | $1.7m | ($13.6m) | $5.9m | ($4.9m) | ($29.3m) | |
| Acquisitions | — | $0 | $4.2m | $0 | $0 | ($90.1m) | ($355.5m) | ($165.4m) | ($66.6m) | |
| Additions to oil and natural gas properties | — | ($247.4m) | ($435.0m) | ($197.9m) | ($236.4m) | ($465.1m) | ($424.9m) | ($486.7m) | ($469.5m) | |
| Redemption of long-term debt | — | — | — | — | — | $0 | $0 | ($404.0m) | $0 | |
| Cash Flow From Continuing Operating Activities | $30.5m | $236k | $647.6m | $310.1m | $788.5m | $1.3b | $855.8m | $920.9m | $878.6m | |
| Beginning Cash Position | — | — | — | — | — | $367.0m | $675.4m | $401.1m | $260.0m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($469.3m) | ($315.2m) | ($406.8m) | ($331.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($518.9m) | ($814.9m) | ($655.1m) | ($540.7m) | |
| Change In Account Payable | — | — | — | — | — | $74.9m | ($9.2m) | ($18.4m) | ($5.3m) | |
| Change In Accrued Expense | — | — | — | — | — | $8.6m | $3.4m | ($9.6m) | $10.7m | |
| Change In Other Working Capital | — | — | — | — | — | ($13.6m) | $4.2m | ($3.4m) | ($29.3m) | |
| Change In Payable | — | — | — | — | — | $74.9m | ($9.2m) | ($18.4m) | ($5.3m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $83.5m | ($5.8m) | ($28.0m) | $5.4m | |
| Change In Prepaid Assets | — | — | — | — | $3.2m | ($2.9m) | $3.5m | ($2.3m) | — | |
| Change In Receivables | — | — | — | — | — | ($21.0m) | ($14.3m) | $32.9m | ($3.9m) | |
| Change In Working Capital | — | — | — | — | — | $46.0m | ($15.8m) | $1.5m | ($27.8m) | |
| Changes In Account Receivables | — | — | — | — | — | ($21.0m) | ($14.3m) | $32.9m | ($3.9m) | |
| Changes In Cash | — | — | — | — | — | $308.5m | ($274.3m) | ($141.1m) | $6.7m | |
| End Cash Position | — | — | — | — | — | $675.4m | $401.1m | $260.0m | $266.8m | |
| Financing Cash Flow | — | — | — | — | — | ($469.3m) | ($315.2m) | ($406.8m) | ($331.2m) | |
| Free Cash Flow | — | — | — | — | — | $831.5m | $430.9m | $434.1m | $409.2m | |
| Investing Cash Flow | — | — | — | — | — | ($518.9m) | ($814.9m) | ($655.1m) | ($540.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($90.1m) | ($355.5m) | ($165.4m) | ($66.6m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($427.2m) | ($458.7m) | ($489.1m) | ($479.8m) | |
| Operating Gains Losses | — | — | — | — | $277k | — | ($3.9m) | $8.8m | — | |
| Other Non Cash Items | — | — | — | — | — | $9.7m | $926k | $9.8m | $7.3m | |
| Purchase Of Business | — | — | — | — | — | ($90.1m) | ($355.5m) | ($165.4m) | ($66.6m) | |
| Purchase Of PPE | — | — | — | — | — | ($465.1m) | ($424.9m) | ($486.7m) | ($469.5m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($352.2m) | ($205.3m) | ($273.0m) | ($205.5m) | |
| Sale Of Business | — | — | — | — | $0 | $0 | — | — | — | |
| Sale Of PPE | — | — | — | — | — | $38.0m | ($33.8m) | ($2.4m) | ($10.4m) | |
| Increase (Decrease) in Accounts Receivable | — | — | ($8.0m) | ($24.2m) | $68.2m | $21.0m | $19.4m | ($36.7m) | $3.9m | |
| Increase (Decrease) in Accounts Payable | — | — | ($6.8m) | ($17.0m) | $65.3m | $74.9m | ($9.2m) | ($18.4m) | ($5.3m) | |
| Asset Retirement Obligation, Accretion Expense | — | — | $5.5m | $5.7m | $4.9m | $3.2m | $4.0m | $6.7m | $6.8m | |
| Gain (Loss) on Sale of Derivatives | — | — | — | $288k | ($2.8m) | — | — | — | — | |
| General and Administrative Expense | — | — | $69.4m | $68.9m | $75.3m | $72.4m | $77.1m | $88.7m | $97.0m | |
| Investment Income, Interest | — | $3.6m | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | — | — | ($27.7m) | ($22.7m) | ($34.0m) | ($16.9m) | $15.3m | ($18.8m) | ($21.8m) | |
| Operating Costs and Expenses | — | — | $808.6m | $2.5b | $475.8m | $620.7m | $692.5m | $803.9m | $872.7m | |
| Proceeds from Contributions from Parent | — | — | $0 | $0 | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | $277k | ($277k) | $0 | $0 | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | $0 | $565k | ($3.1m) | $0 | $0 | — | — | |
| Net cash provided by operating activities | $30.5m | $236k | $647.6m | $310.1m | $788.5m | $1.3b | $855.8m | $920.9m | $878.6m | |
| Net Cash Provided by (Used in) Operating Activities | $30.5m | $236k | $647.6m | $310.1m | $788.5m | $1.3b | $855.8m | $920.9m | $878.6m | |
| Cash flows from investing activities: | ||||||||||
| Capital Expenditure | — | — | — | — | — | ($465.1m) | ($424.9m) | ($486.7m) | ($469.5m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | ($4.2m) | $0 | $0 | — | — | $165.4m | $66.6m | |
| Other investing | $0 | $0 | ($242k) | ($1.1m) | ($2.2m) | ($1.6m) | ($718k) | ($584k) | $5.7m | |
| Net Other Investing Changes | — | — | — | — | — | ($1.6m) | ($718k) | ($584k) | $5.7m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | $242k | $1.1m | $2.2m | $1.6m | $718k | $584k | ($5.7m) | |
| Net cash used in investing activities | ($1.2b) | ($650.0m) | ($524.2m) | ($270.0m) | ($243.4m) | ($518.9m) | ($814.9m) | ($655.1m) | ($540.7m) | |
| Net Cash Provided by (Used in) Investing Activities | ($1.2b) | ($650.0m) | ($524.2m) | ($270.0m) | ($243.4m) | ($518.9m) | ($814.9m) | ($655.1m) | ($540.7m) | |
| Cash flows from financing activities: | ||||||||||
| Proceeds from issuance of long-term debt | $0 | $0 | $0 | $0 | — | $0 | $0 | $400.0m | $0 | |
| Cash paid for debt issuance costs | $0 | $0 | $0 | $0 | ($5.0m) | ($5.5m) | $0 | ($12.7m) | $0 | |
| Issuance Of Debt | — | — | — | — | — | $0 | $0 | $400.0m | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | $400.0m | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $0 | $0 | ($4.0m) | $0 | |
| Net Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | ($4.0m) | $0 | |
| Proceeds from Issuance of Long-term Debt | $0 | $0 | $0 | $0 | — | $0 | $0 | $400.0m | $0 | |
| Long Term Debt Payments | — | — | — | — | — | $0 | $0 | ($404.0m) | $0 | |
| Repayment Of Debt | — | — | — | — | — | $0 | $0 | ($404.0m) | $0 | |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | $404.0m | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | ($352.2m) | ($205.3m) | ($273.0m) | ($205.5m) | |
| Proceeds from Issuance of Common Stock | — | — | $0 | $0 | — | — | — | — | — | |
| Common stock repurchase and cancellations | — | $0 | ($79.4m) | ($28.7m) | ($297.3m) | ($352.2m) | ($205.3m) | ($273.0m) | ($205.5m) | |
| Common Stock Payments | — | — | — | — | — | ($352.2m) | ($205.3m) | ($273.0m) | ($205.5m) | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | $14 | $75 | $88 | $98 | $113 | |
| Distributions to noncontrolling interest owners | — | $0 | ($1.4m) | ($680k) | ($7.2m) | ($29.4m) | ($14.1m) | ($9.1m) | ($3.5m) | |
| Proceeds from Noncontrolling Interests | — | — | $7.3m | $0 | $0 | — | — | — | — | |
| Dividends paid | — | — | $0 | $0 | ($14.1m) | ($75.2m) | ($88.1m) | ($97.6m) | ($113.1m) | |
| Cash Dividends Paid | — | — | — | — | — | ($75.2m) | ($88.1m) | ($97.6m) | ($113.1m) | |
| Common Stock Dividend Paid | — | — | — | — | — | ($75.2m) | ($88.1m) | ($97.6m) | ($113.1m) | |
| Other financing activities | $0 | ($1.4m) | ($3.0m) | ($844k) | ($4.9m) | ($7.1m) | ($7.7m) | ($10.3m) | ($9.1m) | |
| Net Other Financing Charges | — | — | — | — | — | ($42.0m) | ($21.8m) | ($32.1m) | ($12.6m) | |
| Proceeds from (Payments for) Other Financing Activities | — | ($1.4m) | ($3.0m) | ($844k) | ($4.9m) | ($7.1m) | ($7.7m) | ($10.3m) | ($9.1m) | |
| Net cash used in financing activities | $1.2b | $57.0m | ($76.5m) | ($30.2m) | ($370.6m) | ($469.3m) | ($315.2m) | ($406.8m) | ($331.2m) | |
| Net Cash Provided by (Used in) Financing Activities | $1.2b | $650.6m | ($76.5m) | ($30.2m) | ($370.6m) | ($469.3m) | ($315.2m) | ($406.8m) | ($331.2m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $46.9m | $9.9m | $174.4m | $308.5m | ($274.3m) | ($141.1m) | $6.7m | |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | $0 | $0 | $46.9m | $9.9m | $174.4m | $308.5m | ($274.3m) | ($141.1m) | $6.7m | |
| Cash and cash equivalents – Beginning of period | $0 | $0 | $182.6m | $192.6m | $367.0m | $675.4m | $401.1m | $260.0m | $266.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $182.6m | $192.6m | $367.0m | $675.4m | $401.1m | $260.0m | $266.8m | |
| Supplemental disclosure of cash flow information: | ||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | $308.5m | ($274.3m) | ($141.1m) | $6.7m | |
| Income Tax Paid Supplemental Data | — | — | — | — | $3.2m | $72.2m | $38.8m | $23.1m | — | |
| Interest Paid Supplemental Data | — | — | — | — | $26.9m | $26.6m | $26.4m | $34.0m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $26.2m | $25.9m | $26.9m | $26.6m | $26.4m | $34.0m | $29.7m | |
| Income Taxes Paid, Net | — | — | — | ($724k) | $3.2m | $72.2m | $38.8m | $23.1m | $7.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.