← NORTHERN OIL & GAS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | 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 (Loss) Attributable to Parent | ($293.5m) | ($9.2m) | $143.7m | ($76.3m) | ($906.0m) | $6.4m | $773.2m | $923.0m | $520.3m | $38.8m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($293.5m) | ($9.2m) | $143.7m | ($77.3m) | ($921.3m) | ($8.4m) | $727.7m | $923.0m | $520.3m | $38.8m | |
| Depreciation and amortization | $200k | $200k | $100k | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $3.8m | $4.1m | $5.1m | $5.3m | $5.2m | $3.8m | $5.0m | $8.1m | $9.4m | $10.6m | |
| Results of Operations, Depreciation, Depletion, Amortization and Accretion | $61.2m | $59.5m | $119.8m | $210.2m | $162.1m | $140.8m | $251.3m | $486.0m | $740.9m | $814.9m | |
| Deferred Income Tax Expense (Benefit) | $0 | ($785k) | $365k | $210k | $210k | $233k | ($571k) | $76.9m | $159.6m | $23.6m | |
| Share-based Payment Arrangement, Noncash Expense | $3.5m | $3.3m | $4.0m | $8.0m | $4.1m | $3.6m | $5.7m | $5.7m | $12.0m | $15.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $668k | $680k | $660k | $439k | $839k | $2.2m | $2.6m | $3.8m | $2.1m | |
| Gain (Loss) on Extinguishment of Debt | $0 | ($993k) | ($173.4m) | $23.2m | $3.7m | $13.1m | ($810k) | ($659k) | $0 | $10.8m | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($30k) | $0 | $0 | — | — | ($17k) | ($185k) | $0 | $0 | — | |
| Income Tax Expense (Benefit) | ($1.4m) | ($1.6m) | ($55k) | $0 | ($166k) | $233k | $3.1m | $77.8m | $160.5m | $23.9m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $157.7m | $172.4m | |
| Other Nonoperating Income (Expense) | ($16k) | $116k | $891k | — | ($12k) | ($9k) | ($185k) | $4.8m | $440k | $637k | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($15.6m) | $9.7m | $49.1m | $11.5m | ($37.6m) | $122.2m | $74.9m | $101.3m | $17.4m | ($39.7m) | |
| Increase (Decrease) in Accounts Payable | ($365k) | $2.6m | ($2.3m) | ($16.9m) | ($1.1m) | $14.1m | ($338k) | ($15.2m) | ($4.4m) | $14.9m | |
| Asset Retirement Obligation, Accretion Expense | $406k | $537k | $683k | $973k | $1.2m | $1.7m | $2.0m | $2.4m | $2.9m | $3.3m | |
| General and Administrative Expense | $14.8m | $19.0m | $14.6m | $23.6m | $18.5m | $30.3m | $47.2m | $46.8m | $50.5m | $61.3m | |
| Nonoperating Income (Expense) | ($65.6m) | ($71.3m) | ($289.0m) | ($131.8m) | ($65.0m) | ($71.4m) | ($76.9m) | ($121.1m) | ($157.0m) | ($183.1m) | |
| Operating Expenses | $374.2m | $148.8m | $246.3m | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | ($76.3m) | ($18.4m) | $207.9m | ($173.2m) | $38.9m | ($311.3m) | $41.2m | $200.3m | ($21.0m) | $178.8m | |
| Operating Cash Flow | $101.9m | $73.0m | $244.3m | $339.8m | $331.7m | $396.5m | $928.4m | $1.2b | $1.4b | $1.5b | |
| Cash Flow From Continuing Operating Activities | $101.9m | $73.0m | $244.3m | $339.8m | $331.7m | $396.5m | $928.4m | $1.2b | $1.4b | $1.5b | |
| Derivative, Gain (Loss) on Derivative, Net | ($14.8m) | ($14.7m) | $185.0m | ($128.8m) | $228.1m | ($478.2m) | ($415.3m) | $259.2m | $62.0m | $380.7m | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | ($598k) | $1.4m | $0 | $0 | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $101.9m | $73.0m | $244.3m | $339.8m | $331.7m | $396.5m | $928.4m | $1.2b | $1.4b | $1.5b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $215k | $4k | $87k | $1.2m | $295k | $556k | $4.6m | $1.2m | $128k | $759k | |
| Net Cash Provided by (Used in) Investing Activities | ($91.0m) | ($119.2m) | ($474.5m) | ($569.1m) | ($283.9m) | ($634.4m) | ($1.4b) | ($1.9b) | ($1.7b) | ($1.3b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | $300.0m | $60.0m | $0 | $0 | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $0 | $0 | $141.7m | $0 | $0 | $438.1m | $0 | $514.7m | $0 | $0 | |
| Payments for Repurchase of Common Stock | $1.4m | — | $22.2m | $15.1m | $0 | $0 | $54.5m | $8.0m | $94.5m | $57.0m | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | $0 | $0 | $4.9m | $51.6m | $123.9m | $162.0m | $173.4m | |
| Net Cash Provided by (Used in) Financing Activities | — | $142.0m | $130.4m | $243.1m | ($62.4m) | $246.1m | $467.4m | $684.7m | $266.8m | ($247.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $3.1m | — | — | $13.7m | ($14.6m) | $8.1m | ($7.0m) | $5.7m | $738k | $5.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $16.1m | $1.4m | $9.5m | $2.5m | $8.2m | $8.9m | $14.3m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $78.9m | $78.6m | $55.1m | $47.0m | $74.9m | $128.9m | $152.1m | $170.9m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | ($1.2m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.