Northern Oil & Gas (NOG) FY2016 results: revenue $145 million, down 47.3% on the year
Northern Oil & Gas, Inc. (NOG) reported revenue of $145 million for fiscal 2016, the year ended 31 December 2016, down 47.3% on the year before. Net income was -$293 million, and diluted earnings per share $-48.00. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2017.
Revenue
$145 million
-47.3% on the year
FY2009FY2016
Operating margin
-158.2%
-407.0% a year earlier
FY2009FY2016
Net income
-$293 million
FY2009FY2016
Diluted EPS
-$48.00
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
145
275
595
-47.3%
Cost of revenue
45.7
n/a
n/a
Gross profit
99.2
n/a
n/a
Gross margin
68.5%
n/a
n/a
Operating income
-229
-1,119
305
Operating margin
-158.2%
-407.0%
51.3%
Interest expense
64.5
58.4
42.1
+10.5%
Pre-tax income
-295
-1,178
263
Income tax
-1.4
-202
99.4
Effective tax rate
n/a
n/a
37.8%
Net income
-293
-975
164
Net margin
-202.5%
-354.6%
27.5%
Diluted EPS
-$48.00
-$160.80
$26.90
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
102
247
274
-58.8%
Capital expenditure
0.2
0.1
0.2
+136.6%
Free cash flow
102
247
274
-58.8%
Free cash flow margin
70.2%
89.8%
46.1%
Depreciation and amortisation
0.2
0.3
0.3
-33.3%
Share-based compensation
3.5
5.2
2.8
-33.8%
Buybacks
0.0
0.3
16.1
Diluted shares, weighted
6m
6m
6m
+0.9%
Shares outstanding at period end
6m
6m
6m
+0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-487
-198
771
Debt
833
835
806
-0.3%
Other liabilities
86.3
83.7
450
+3.1%
Total liabilities and equity
432
721
2,027
-40.2%
Fixed assets
376
589
1,762
-36.2%
Cash and equivalents
6.5
3.4
9.3
+91.3%
Receivables
35.8
51.4
85.9
-30.3%
Other assets
13.0
77.3
170
-83.2%
Total assets
432
721
2,027
-40.2%
10-K for the year ended 31 December 2016, filed 2 March 2017: the filing.