Northern Oil & Gas (NOG) FY2015 results: revenue $275 million, down 53.8% on the year
Northern Oil & Gas, Inc. (NOG) reported revenue of $275 million for fiscal 2015, the year ended 31 December 2015, down 53.8% on the year before. Net income was -$975 million, and diluted earnings per share $-160.80. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2016.
Revenue
$275 million
-53.8% on the year
FY2009FY2015
Operating margin
-407.0%
51.3% a year earlier
FY2009FY2015
Net income
-$975 million
FY2009FY2015
Diluted EPS
-$160.80
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
275
595
336
-53.8%
Operating income
-1,119
305
118
Operating margin
-407.0%
51.3%
35.1%
Interest expense
58.4
42.1
32.7
+38.6%
Pre-tax income
-1,178
263
84.8
Income tax
-202
99.4
31.8
Effective tax rate
n/a
37.8%
37.4%
Net income
-975
164
53.1
Net margin
-354.6%
27.5%
15.8%
Diluted EPS
-$160.80
$26.90
$8.50
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
247
274
223
-9.9%
Capital expenditure
0.1
0.2
0.4
-46.3%
Free cash flow
247
274
222
-9.9%
Free cash flow margin
89.8%
46.1%
66.2%
Cash from investing
n/a
n/a
-359
Cash from financing
n/a
n/a
128
Depreciation and amortisation
0.3
0.3
0.3
0.0%
Share-based compensation
5.2
2.8
4.8
+89.7%
Buybacks
0.3
16.1
26.4
-97.9%
Diluted shares, weighted
6m
6m
6m
-0.3%
Shares outstanding at period end
6m
6m
6m
+3.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-198
771
620
Debt
835
806
585
+3.6%
Other liabilities
83.7
450
315
-81.4%
Total liabilities and equity
721
2,027
1,520
-64.4%
Fixed assets
589
1,762
1,397
-66.6%
Cash and equivalents
3.4
9.3
5.7
-63.7%
Receivables
51.4
85.9
86.8
-40.1%
Other assets
77.3
170
29.8
-54.4%
Total assets
721
2,027
1,520
-64.4%
10-K for the year ended 31 December 2015, filed 3 March 2016: the filing.