Magnolia Oil & Gas Corporation (MGY) financial statements (2022 and earlier)

Company profile

Business Address NINE GREENWAY PLAZA
HOUSTON, TX 77046
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3671931831361
Cash and cash equivalents3671931831361
Receivables15082106140 
Prepaid expense    0
Other current assets1454 
Other undisclosed current assets14012 
Total current assets:5192822932921
Noncurrent Assets
Operating lease, right-of-use asset8 4
Oil and gas property, successful effort method1,2161,1503,1173,073 
Long-term investments and receivables  2019 
Long-term investments  2019 
Intangible assets, net (including goodwill)(44)92438 
Intangible assets, net (excluding goodwill)(44)92438 
Other noncurrent assets874  
Other undisclosed noncurrent assets406411653
Total noncurrent assets:1,2281,1723,1733,141653
TOTAL ASSETS:1,7471,4533,4663,434654
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12863791960
Accounts payable1286379  
Taxes payable    0
Other undisclosed accounts payable and accrued liabilities   196 
Asset retirement obligation   1 
Other liabilities916696  
Other undisclosed current liabilities    1
Total current liabilities:2191291751972
Noncurrent Liabilities
Long-term debt and lease obligation388391390389 
Long-term debt, excluding current maturities388391390389 
Liabilities, other than long-term debt959417385 
Asset retirement obligations90889485 
Deferred income tax liabilities  78
Other liabilities561  
Other undisclosed noncurrent liabilities   5523
Total noncurrent liabilities:48348556352823
Total liabilities:70161473872625
Temporary equity, carrying amount    624
Stockholders' equity
Stockholders' equity attributable to parent, including:8175481,7761,6775
Treasury stock, value(165)(39)(10)  
Additional paid in capital1,6901,7131,7031,6413
Retained earnings (accumulated deficit)(708)(1,125)83362
Other undisclosed stockholders' equity attributable to parent    0
Stockholders' equity attributable to noncontrolling interest2282919521,031 
Other undisclosed stockholders' equity0000 
Total stockholders' equity:1,0458392,7292,7085
TOTAL LIABILITIES AND EQUITY:1,7471,4533,4663,434654

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,078535936  
Gross profit:1,078535936  
Operating expenses(476)(2,460)(809) (0)
Other undisclosed operating loss    (1)
Operating income (loss):603(1,926)128 (1)
Nonoperating income (expense)(34)(23)(28) 4
Investment income, nonoperating    4
Interest and debt expense (4)(4)  
Income (loss) from continuing operations before equity method investments, income taxes:569(1,952)96 3
Other undisclosed income from continuing operations before income taxes 44  
Income (loss) from continuing operations before income taxes:569(1,948)100 3
Income tax expense (benefit)(9)79(15) (1)
Net income (loss):560(1,869)85 2
Net income (loss) attributable to noncontrolling interest(142)661(35)  
Net income (loss) attributable to parent:417(1,208)50 2
Undistributed earnings (loss) allocated to participating securities, basic(3)    
Other undisclosed net loss available to common stockholders, basic  (3)  
Net income (loss) available to common stockholders, basic:414(1,208)47 2
Other undisclosed net income available to common stockholders, diluted0    
Net income (loss) available to common stockholders, diluted:415(1,208)47 2

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):560(1,869)85 2
Comprehensive income (loss):560(1,869)85 2
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(142)661(35)  
Comprehensive income (loss), net of tax, attributable to parent:417(1,208)50 2

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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