Northern Oil & Gas (NOG) FY2018 results: revenue $679 million, up 224.3% on the year
Northern Oil & Gas, Inc. (NOG) reported revenue of $679 million for fiscal 2018, the year ended 31 December 2018, up 224.3% on the year before. Net income was $144 million, and diluted earnings per share $6.10. The figures are the company's own, from the 10-K it filed with the SEC on 18 March 2019.
Revenue
$679 million
+224.3% on the year
FY2011FY2018
Operating margin
63.7%
28.9% a year earlier
FY2011FY2018
Net income
$144 million
FY2011FY2018
Diluted EPS
$6.10
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
679
209
145
+224.3%
Cost of revenue
66.6
49.7
45.7
+34.0%
Gross profit
612
160
99.2
+283.7%
Gross margin
90.2%
76.2%
68.5%
Operating income
433
60.5
-229
+615.2%
Operating margin
63.7%
28.9%
-158.2%
Interest expense
86.0
70.3
64.5
+22.4%
Pre-tax income
144
-10.8
-295
Income tax
-0.1
-1.6
-1.4
Effective tax rate
-0.0%
n/a
n/a
Net income
144
-9.2
-293
Net margin
21.2%
-4.4%
-202.5%
Diluted EPS
$6.10
-$1.50
-$48.00
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
244
73.0
102
+234.8%
Capital expenditure
0.1
0.0
0.2
+2,094.8%
Free cash flow
244
73.0
102
+234.7%
Free cash flow margin
36.0%
34.9%
70.2%
Cash from investing
-475
-119
n/a
Cash from financing
130
142
n/a
-8.1%
Depreciation and amortisation
0.1
0.2
0.2
-50.0%
Share-based compensation
4.0
3.3
3.5
+21.6%
Buybacks
22.2
0.0
0.0
Diluted shares, weighted
24m
6m
6m
+279.4%
Shares outstanding at period end
38m
7m
6m
+466.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
430
-491
-487
Debt
830
979
833
-15.2%
Other liabilities
244
144
86.3
+69.4%
Total liabilities and equity
1,504
632
432
+137.8%
Fixed assets
1,203
473
376
+154.2%
Cash and equivalents
2.4
102
6.5
-97.7%
Receivables
96.4
46.9
35.8
+105.7%
Other assets
202
10.0
13.0
+1,922.1%
Total assets
1,504
632
432
+137.8%
10-K for the year ended 31 December 2018, filed 18 March 2019: the filing.