Magnolia Oil & Gas (MGY) FY2021 results: revenue $1.1 billion, up 99.2% on the year
Magnolia Oil & Gas Corp. (MGY) reported revenue of $1.1 billion for fiscal 2021, the year ended 31 December 2021, up 99.2% on the year before. Net income was $417 million, and diluted earnings per share $2.36. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$1.1 billion
+99.2% on the year
FY2017FY2021
Operating margin
55.9%
-355.7% a year earlier
FY2017FY2021
Net income
$417 million
FY2017FY2021
Diluted EPS
$2.36
FY2017FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
788
310
648
+154.2%
Cash from investing
-243
-270
-524
Cash from financing
-371
-30.2
-76.5
Depreciation and amortisation
188
283
524
-33.8%
Share-based compensation
11.7
10.0
11.1
+17.0%
Dividends paid
14.1
0.0
0.0
Dividend per share
$0.08
n/a
n/a
Diluted shares, weighted
175m
166m
167m
+5.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,045
839
2,729
+24.5%
Debt
388
391
390
-0.8%
Operating lease liabilities
5.1
5.7
1.5
-9.8%
Other liabilities
308
217
347
+41.9%
Total liabilities and equity
1,747
1,453
3,466
+20.2%
Intangible assets
0.0
9.3
23.9
Cash and equivalents
367
193
183
+90.6%
Receivables
150
81.6
106
+83.6%
Other assets
1,230
1,170
3,154
+5.1%
Total assets
1,747
1,453
3,466
+20.2%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.