Magnolia oil & gas corp (MGY)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Sep'17Jun'17
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)

-1,895,299

13,632

17,358

31,302

22,713

57,807

24,641

86,449

85,366

628

289

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion and amortization

142,671

137,630

143,894

126,102

115,946

111,988

65,902

63,353

51,361

-

-

Amortization of intangible assets

3,626

3,626

3,626

3,627

3,626

3,626

2,418

0

0

-

-

Exploration expense, non-cash

555,189

618

53

0

483

567

0

0

0

-

-

Impairment of oil and natural gas properties

1,400,000

-

-

-

0

-

-

-

-

-

-

Asset retirement obligations accretion expense

1,438

1,417

1,394

1,373

1,328

1,277

391

-13

96

-

-

Amortization of deferred financing costs

896

897

892

881

871

891

570

0

0

-

-

Non-cash interest expense, net

-

-

-

-

-

-

-

0

0

-

-

Derivative, Gain (Loss) on Derivative, Net

-

-

-

-

-

0

0

-14,800

-7,192

-

-

Cash settlements of matured derivative contracts

-

-

-

-

-

0

0

23,360

2,196

-

-

Deferred Income Tax Expense (Benefit)

-74,654

2,496

3,414

4,936

3,415

8,635

3,493

309

-118

-

-

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

-

-

-

-

-

0

6,700

-

-

-

-

Stock based compensation

2,879

2,713

2,829

3,115

2,432

1,851

0

0

0

-

-

Other

447

151

98

35

393

555

218

773

368

-

-

Changes in operating assets and liabilities:
Accounts receivable

-28,031

-14,889

-7,604

19,553

-5,012

-26,890

77,500

10,792

35,484

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-38

220

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

0

Accrued liabilities

-16,547

-

-

-

-29,955

-

-

-

-

-178

562

Prepaid expenses and other assets

-

-

-

-

-

2,258

275

0

0

-

-

Accounts payable

6,726

-

-

-

-6,729

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

64,511

1,534

-1,271

-

-

Drilling advances

563

-1,755

868

-11,672

599

6,183

3,376

0

0

-

-

Other assets and liabilities, net

326

19,386

3,143

-339

1,588

-53,102

-45

456

-35

-

-

Federal income taxes payable

-

-

-

-

-

-

-

-

-

-

0

Interest on Investments held in Trust Account

-

-

-

-

-

-

-

-

-

1,357

652

Withdrawal of interest from Trust Account to pay operating expenses and federal income taxes

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by operating activities

134,878

159,008

179,220

192,829

116,562

218,168

87,302

131,051

104,613

-428

-61

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of EnerVest properties, final settlement

-

-

-

-

-

-

-

0

0

-

-

Proceeds withdrawn from Trust Account

-

-

-

-

-

0

656,078

-

-

-

-

Acquisition of EnerVest properties

0

-

-

-

-4,250

0

1,219,217

-

-

-

-

Acquisitions, other

69,390

-

-

-

53,326

10,880

135,652

-

-

-

-

Payments to Acquire Businesses, Gross

-

-

-

-

-

-

-

0

150,139

-

-

Additions to oil and natural gas properties

94,210

70,176

97,550

132,874

134,435

107,895

33,724

81,938

87,591

-

-

Payment for Contingent Consideration Liability, Investing Activities

-

-

-

-

-

0

26,000

-

-

-

-

Other investing

200

-5

-1

445

-197

350

0

0

0

-

-

Proceeds deposited into Trust Account

-

-

-

-

-

-

-

-

-

0

650,000

Net cash used in investing activities

-163,800

-70,171

-98,867

-171,896

-183,314

-119,125

-758,515

-82,114

-237,730

-

-650,000

CASH FLOW FROM FINANCING ACTIVITIES
Parents’ contribution, net

-

-

-

-

-

0

0

-48,937

133,117

-

-

Contributions from noncontrolling interest owners

0

0

226

-226

7,301

0

0

-

-

-

-

Distributions to noncontrolling interest owners

284

-

-

-

0

0

0

-

-

-

-

Issuance of common stock

-

-

-

-

-

0

355,000

-

-

-

-

Proceeds from issuance of long term debt

-

-

-

-

-

0

400,000

-

-

-

-

Repayments of deferred underwriting compensation

-

-

-

-

-

0

22,750

-

-

-

-

Cash paid for debt issuance costs

-

-

-

-

-

0

23,336

-

-

-

-

Class A Common Stock repurchase

6,483

-

-

-

0

-

0

-

-

-

-

Proceeds from sale of Units in initial public offering

-

-

-

-

-

-

-

-

-

0

650,000

Proceeds from sale of Private Placement Warrants to Sponsor

-

-

-

-

-

-

-

-

-

0

15,000

Proceeds of notes payable from Sponsor

-

-

-

-

-

-

-

-

-

0

300

Payment of underwriters discounts

-

-

-

-

-

-

-

-

-

0

13,000

Other financing activities

-452

-337

-2,361

-305

0

0

-1,009

-

-

-391

-186

Repayment of notes payable from Sponsor

-

-

-

-

-

-

-

-

-

0

300

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) financing activities

-7,219

-70,693

-12,573

-531

7,301

0

707,905

-48,937

133,117

-391

651,838

NET CHANGE IN CASH AND CASH EQUIVALENTS

-36,141

18,144

67,780

20,402

-59,451

99,043

36,692

0

0

-820

1,776

Supplemental non-cash operating activity:
Cash paid for income taxes

-

-

-

-

-

-

-

-

-

400

0

Cash paid for interest

12,540

-

-

492

12,571

-

-

-

-

-

-

Supplemental non-cash investing and financing activity:
Accruals or liabilities for capital expenditures

47,903

-

-

-15,254

61,778

-

-

-850

39,532

-

-

Supplemental non-cash lease operating activity:
Right-of-use assets obtained in exchange for operating lease obligations

0

-

-

3,866

2,516

-

-

-

-

-

-

Deferred underwriting compensation

-

-

-

-

-

-

-

-

-

-

22,750

Accrued offering costs

-

-

-

-

-

-

-

-

-

-391

1,237