Magnolia oil & gas corp (MGY)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17
ASSETS
CURRENT ASSETS
Cash and cash equivalents

146

182

164

96

76

135

36

-

-

-

-

-

Accounts receivable

77

105

120

126

107

140

167

-

-

-

-

-

Accounts Receivable, Related Parties, Current

-

-

-

-

-

-

0

-

-

-

-

-

Drilling advances

0

0

2

1

12

12

5

-

-

-

-

-

Other current assets

4

4

5

5

6

4

2

-

-

-

-

-

Cash

-

-

-

-

-

-

-

0

0

-

0

1

Prepaid expenses

-

-

-

-

-

-

-

0

0

-

0

0

Total current assets

229

293

292

230

203

292

211

0

0

-

1

1

PROPERTY, PLANT AND EQUIPMENT
Oil and natural gas properties

2,050

3,815

3,741

3,653

3,462

3,250

3,081

-

-

-

-

-

Other

3

3

2

1

0

0

-

-

-

-

-

-

Accumulated depreciation, depletion and amortization

844

701

563

419

293

177

65

-

-

-

-

-

Total property, plant and equipment, net

1,209

3,116

3,180

3,235

3,168

3,073

3,016

-

-

-

-

-

OTHER ASSETS
Deferred financing costs, net

7

8

8

9

10

10

11

0

-

-

-

-

Equity method investment

20

19

19

19

19

18

18

-

-

-

-

-

Finite-Lived Intangible Assets, Net

20

23

27

31

34

38

41

-

-

-

-

-

Other long-term assets

3

4

4

5

2

0

-

-

-

-

-

-

Investments held in Trust Account

-

-

-

-

-

-

-

655

654

-

651

650

Deferred tax asset

-

-

-

-

-

-

-

2

0

-

-

-

TOTAL ASSETS

1,490

3,466

3,533

3,531

3,437

3,433

3,300

658

656

-

652

652

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable

86

79

-

-

-

76

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

186

197

181

-

178

-

-

-

-

-

Other Liabilities, Current

84

95

3

4

2

121

-

-

-

-

-

-

Derivative liability

-

-

-

-

-

-

0

-

-

-

-

-

Accrued offering costs

-

-

-

-

-

-

-

-

-

-

0

1

Accrued professional fees, travel and other expenses

-

-

-

-

-

-

-

10

5

-

0

0

Sponsor loan

-

-

-

-

-

-

-

1

-

-

-

-

Federal income taxes payable

-

-

-

-

-

-

-

0

0

-

-

-

Total current liabilities

170

175

190

201

184

197

178

11

5

-

1

1

LONG-TERM LIABILITIES
Long-term debt, net

390

389

389

389

388

388

388

-

-

-

-

-

Asset retirement obligations, net of current

97

93

93

91

89

84

43

-

-

-

-

-

Long-term derivative liability

-

-

-

-

-

-

0

-

-

-

-

-

Deferred taxes, net

3

77

74

62

58

54

47

-

-

-

-

-

Other long-term liabilities

0

1

2

2

0

0

0

-

-

-

-

-

Total long-term liabilities

491

562

558

545

536

528

479

-

-

-

-

-

Deferred underwriting compensation

-

-

-

-

-

-

-

22

22

-

22

22

Total liabilities

-

-

-

-

-

-

-

34

28

-

23

24

COMMITMENTS AND CONTINGENCIES (Note 9)

-

-

-

-

-

-

-

-

0

-

-

-

STOCKHOLDERS’ EQUITY
Class A common stock subject to possible redemption; 61,947,892 and 62,438,263 shares at June 30, 2018 and December 31, 2017, respectively at a redemption value of $10.00 per share

-

-

-

-

-

-

-

619

622

-

623

623

Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding

-

-

-

-

-

-

-

0

0

-

0

0

Additional paid-in capital

1,703

1,703

1,704

1,672

1,636

1,641

1,647

8

5

-

4

4

Treasury Stock, at cost, 2,000 shares and 1,000 shares in 2020 and 2019, respectively

16

10

9

-

-

0

-

-

-

-

-

-

Retained earnings (Accumulated deficit)

-1,144

82

74

67

48

35

3

-3

-0

-

0

0

Noncontrolling interest

285

952

1,014

1,044

1,031

1,031

991

-

-

-

-

-

Net Parent Investment

-

-

-

-

-

-

0

-

-

-

-

-

Total stockholders' equity

-

-

-

-

-

-

-

5

5

-

5

5

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

1,490

3,466

3,533

3,531

3,437

3,433

3,300

658

656

-

652

652

Predecessor
Cash and Cash Equivalents, at Carrying Value

-

-

-

-

-

-

-

-

-

0

-

-

Accounts receivable

-

-

-

-

-

-

-

-

-

100

-

-

Accounts Receivable, Related Parties, Current

-

-

-

-

-

-

-

-

-

13

-

-

Drilling advances

-

-

-

-

-

-

-

-

-

0

-

-

Other current assets

-

-

-

-

-

-

-

-

-

0

-

-

Total current assets

-

-

-

-

-

-

-

-

-

114

-

-

Oil and natural gas properties

-

-

-

-

-

-

-

-

-

1,731

-

-

Other

-

-

-

-

-

-

-

-

-

0

-

-

Accumulated depreciation, depletion and amortization

-

-

-

-

-

-

-

-

-

166

-

-

Total property, plant and equipment, net

-

-

-

-

-

-

-

-

-

1,565

-

-

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

0

-

-

Equity method investment

-

-

-

-

-

-

-

-

-

8

-

-

Finite-Lived Intangible Assets, Net

-

-

-

-

-

-

-

-

-

0

-

-

TOTAL ASSETS

-

-

-

-

-

-

-

-

-

1,688

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

74

-

-

Asset retirement obligations

-

-

-

-

-

-

-

-

-

0

-

-

Derivative liability

-

-

-

-

-

-

-

-

-

6

-

-

Total current liabilities

-

-

-

-

-

-

-

-

-

81

-

-

Long-term debt, net

-

-

-

-

-

-

-

-

-

0

-

-

Asset retirement obligations, net of current

-

-

-

-

-

-

-

-

-

3

-

-

Long-term derivative liability

-

-

-

-

-

-

-

-

-

3

-

-

Deferred taxes, net

-

-

-

-

-

-

-

-

-

2

-

-

Other long term liabilities

-

-

-

-

-

-

-

-

-

0

-

-

Total long-term liabilities

-

-

-

-

-

-

-

-

-

9

-

-

Additional paid-in capital

-

-

-

-

-

-

-

-

-

0

-

-

Retained earnings

-

-

-

-

-

-

-

-

-

0

-

-

Noncontrolling interest

-

-

-

-

-

-

-

-

-

0

-

-

Net Parent Investment

-

-

-

-

-

-

-

-

-

1,597

-

-

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

-

-

-

-

-

-

-

-

-

1,688

-

-

Class A Common Stock
Common stock

0

0

0

0

0

0

0

0

0

-

0

0

Total stockholders' equity

-

-

-

-

-

-

-

0

0

-

0

0

Class B Common Stock
Common stock

0

0

0

0

0

0

0

-

-

-

-

-

Class F Common Stock
Common stock value

-

-

-

-

-

-

-

0

0

-

0

0

Total stockholders' equity

-

-

-

-

-

-

-

0

0

-

0

0