Northern Oil & Gas (NOG) FY2017 results: revenue $209 million, up 44.5% on the year
Northern Oil & Gas, Inc. (NOG) reported revenue of $209 million for fiscal 2017, the year ended 31 December 2017, up 44.5% on the year before. Net income was -$9 million, and diluted earnings per share $-1.50. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$209 million
+44.5% on the year
FY2010FY2017
Operating margin
28.9%
-158.2% a year earlier
FY2010FY2017
Net income
-$9 million
FY2010FY2017
Diluted EPS
-$1.50
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
209
145
275
+44.5%
Cost of revenue
49.7
45.7
n/a
+8.9%
Gross profit
160
99.2
n/a
+60.8%
Gross margin
76.2%
68.5%
n/a
Operating income
60.5
-229
-1,119
Operating margin
28.9%
-158.2%
-407.0%
Interest expense
70.3
64.5
58.4
+9.0%
Pre-tax income
-10.8
-295
-1,178
Income tax
-1.6
-1.4
-202
Net income
-9.2
-293
-975
Net margin
-4.4%
-202.5%
-354.6%
Diluted EPS
-$1.50
-$48.00
-$160.80
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
73.0
102
247
-28.4%
Capital expenditure
0.0
0.2
0.1
-98.2%
Free cash flow
73.0
102
247
-28.2%
Free cash flow margin
34.9%
70.2%
89.8%
Cash from investing
-119
n/a
n/a
Cash from financing
142
n/a
n/a
Depreciation and amortisation
0.2
0.2
0.3
0.0%
Share-based compensation
3.3
3.5
5.2
-5.1%
Buybacks
0.0
0.0
0.3
Diluted shares, weighted
6m
6m
6m
+2.0%
Shares outstanding at period end
7m
6m
6m
+5.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
-491
-487
-198
Debt
979
833
835
+17.6%
Other liabilities
144
86.3
83.7
+66.5%
Total liabilities and equity
632
432
721
+46.5%
Fixed assets
473
376
589
+25.8%
Cash and equivalents
102
6.5
3.4
+1,475.4%
Receivables
46.9
35.8
51.4
+30.7%
Other assets
10.0
13.0
77.3
-23.1%
Total assets
632
432
721
+46.5%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.