Magnolia Oil & Gas Corporation (MGY) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1831361
Cash and cash equivalents1831361
Receivables106140 
Prepaid expense  0
Other current assets54 
Other undisclosed current assets012 
Total current assets:2932921
Noncurrent Assets
Operating lease, right-of-use asset4
Oil and gas property, successful effort method3,1173,073 
Long-term investments and receivables2019 
Long-term investments2019 
Intangible assets, net (including goodwill)2438 
Intangible assets, net (excluding goodwill)2438 
Other noncurrent assets4  
Other undisclosed noncurrent assets411653
Total noncurrent assets:3,1733,141653
TOTAL ASSETS:3,4663,434654
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:791960
Accounts payable79  
Taxes payable  0
Other undisclosed accounts payable and accrued liabilities 196 
Asset retirement obligation 1 
Other liabilities96  
Other undisclosed current liabilities  1
Total current liabilities:1751972
Noncurrent Liabilities
Long-term debt and lease obligation390389 
Long-term debt, excluding current maturities390389 
Liabilities, other than long-term debt17385 
Asset retirement obligations9485 
Deferred income tax liabilities78
Other liabilities1  
Other undisclosed noncurrent liabilities 5523
Total noncurrent liabilities:56352823
Total liabilities:73872625
Temporary equity, carrying amount  624
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7761,6775
Treasury stock, value(10)  
Additional paid in capital1,7031,6413
Retained earnings83362
Other undisclosed stockholders' equity attributable to parent  0
Stockholders' equity attributable to noncontrolling interest9521,031 
Other undisclosed stockholders' equity00 
Total stockholders' equity:2,7292,7085
TOTAL LIABILITIES AND EQUITY:3,4663,434654

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

12/31/2019
12/31/2018
12/31/2017
Gross profit:936  
Operating expenses(809) (0)
Other undisclosed operating loss  (1)
Operating income (loss):128 (1)
Nonoperating income (expense)(28) 4
Investment income, nonoperating  4
Interest and debt expense(4)  
Income from continuing operations before equity method investments, income taxes:96 3
Other undisclosed income from continuing operations before income taxes4  
Income from continuing operations before income taxes:100 3
Income tax expense(15) (1)
Net income:85 2
Net loss attributable to noncontrolling interest(35)  
Net income attributable to parent:50 2
Other undisclosed net loss available to common stockholders, basic(3)  
Net income available to common stockholders, diluted:47 2

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net income:85 2
Comprehensive income:85 2
Comprehensive loss, net of tax, attributable to noncontrolling interest(35)  
Comprehensive income, net of tax, attributable to parent: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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