Northern Oil & Gas (NOG) FY2014 results: revenue $595 million, up 77.2% on the year
Northern Oil & Gas, Inc. (NOG) reported revenue of $595 million for fiscal 2014, the year ended 31 December 2014, up 77.2% on the year before. Net income was $164 million, up 208.6%, and diluted earnings per share $26.90. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$595 million
+77.2% on the year
FY2009FY2014
Operating margin
51.3%
35.1% a year earlier
FY2009FY2014
Net income
$164 million
+208.6% on the year
FY2009FY2014
Diluted EPS
$26.90
+216.5% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
595
336
312
+77.2%
Operating income
305
118
129
+158.6%
Operating margin
51.3%
35.1%
41.4%
Interest expense
42.1
32.7
13.9
+28.7%
Pre-tax income
263
84.8
115
+210.1%
Income tax
99.4
31.8
43.0
+212.8%
Effective tax rate
37.8%
37.4%
37.3%
Net income
164
53.1
72.3
+208.6%
Net margin
27.5%
15.8%
23.2%
Diluted EPS
$26.90
$8.50
$11.50
+216.5%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
274
223
199
+23.1%
Capital expenditure
0.2
0.4
0.3
-56.6%
Free cash flow
274
222
198
+23.2%
Free cash flow margin
46.1%
66.2%
63.6%
Cash from investing
n/a
-359
-532
Cash from financing
n/a
128
341
Depreciation and amortisation
0.3
0.3
0.4
0.0%
Share-based compensation
2.8
4.8
12.4
-42.5%
Buybacks
16.1
26.4
1.5
-38.8%
Diluted shares, weighted
6m
6m
6m
-3.0%
Shares outstanding at period end
6m
6m
6m
-1.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
771
620
586
+24.4%
Debt
806
585
424
+37.9%
Other liabilities
450
315
181
+42.7%
Total liabilities and equity
2,027
1,520
1,191
+33.4%
Fixed assets
1,762
1,397
1,083
+26.1%
Investments
n/a
n/a
0.0
Cash and equivalents
9.3
5.7
13.4
+64.2%
Receivables
85.9
86.8
70.2
-1.0%
Other assets
170
29.8
24.1
+469.2%
Total assets
2,027
1,520
1,191
+33.4%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.