Northern Oil & Gas (NOG) FY2013 results: revenue $336 million, up 7.8% on the year
Northern Oil & Gas, Inc. (NOG) reported revenue of $336 million for fiscal 2013, the year ended 31 December 2013, up 7.8% on the year before. Net income was $53 million, down 26.6%, and diluted earnings per share $8.50. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$336 million
+7.8% on the year
FY2009FY2013
Operating margin
35.1%
41.4% a year earlier
FY2009FY2013
Net income
$53 million
-26.6% on the year
FY2009FY2013
Diluted EPS
$8.50
-26.1% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
336
312
149
+7.8%
Operating income
118
129
67.3
-8.6%
Operating margin
35.1%
41.4%
45.0%
Interest expense
32.7
13.9
0.6
+135.7%
Pre-tax income
84.8
115
67.4
-26.4%
Income tax
31.8
43.0
26.8
-26.1%
Effective tax rate
37.4%
37.3%
39.8%
Net income
53.1
72.3
40.6
-26.6%
Net margin
15.8%
23.2%
27.2%
Diluted EPS
$8.50
$11.50
$6.50
-26.1%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
223
199
85.1
+12.2%
Capital expenditure
0.4
0.3
0.5
+51.8%
Free cash flow
222
198
84.7
+12.2%
Free cash flow margin
66.2%
63.6%
56.7%
Cash from investing
-359
-532
-301
Cash from financing
128
341
69.9
-62.4%
Depreciation and amortisation
0.3
0.4
0.3
-26.8%
Share-based compensation
4.8
12.4
6.2
-61.2%
Buybacks
26.4
1.5
1.1
+1,605.3%
Diluted shares, weighted
6m
6m
6m
-0.2%
Shares outstanding at period end
6m
6m
6m
-2.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
620
586
497
+5.7%
Debt
585
424
69.9
+37.9%
Other liabilities
315
181
159
+74.4%
Total liabilities and equity
1,520
1,191
726
+27.6%
Fixed assets
1,397
1,083
644
+29.0%
Investments
n/a
0.0
0.0
Cash and equivalents
5.7
13.4
6.3
-57.5%
Receivables
86.8
70.2
51.4
+23.6%
Other assets
29.8
24.1
24.2
+23.7%
Total assets
1,520
1,191
726
+27.6%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.