NORTHERN OIL AND GAS, INC. NOG Balance Sheet

Northern oil and gas, inc. (NOG)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Current Assets:
Cash and Cash Equivalents
8	16	1	2	3	2	112	200	89	102	6	3	5	6	3	3	4	3	7	7	5	9	14	8	5	11	18	8	13	8	25	3	6	8	77	152
Accounts Receivable, Net
97	108	103	87	90	96	90	68	51	46	39	35	33	35	32	40	29	51	91	82	78	85	90	82	86	92	69	75	70	79	66	61	51	44	35	22
Advances to Operators
0	0	1	1	0	0	2	0	3	0	1	1	1	1	1	0	1	1	2	0	1	0	0	0	0	1	1	3	3	4	7	12	17	-	-	13
Prepaid Expenses and Other
2	1	2	8	12	12	17	5	2	2	2	2	2	1	1	1	0	0	0	1	1	0	1	1	0	2	2	-	1	-	-	-	-	-	-	-
Prepaid Drilling Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	15	-
Prepaid Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0	0	0
Other Current Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0	0	0
Derivative Instruments
245	5	62	32	18	115	-	-	-	0	2	14	3	0	7	13	42	64	87	83	124	128	0	0	0	0	2	0	4	4	17	-	0	8	-	-
Income Tax Receivable
0	0	0	0	1	1	0	0	0	0	1	1	1	1	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short - Term Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	39
Deferred Tax Asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	12	10	10	3	5	1	0	0	6	4	0	6	5
Total Current Assets
354	133	172	133	126	228	224	275	147	152	53	60	48	46	46	59	79	122	189	175	212	225	128	104	104	118	97	94	94	96	117	85	80	90	135	233
Property and Equipment:
Oil and Natural Gas Properties, Full Cost Method of Accounting
Proved
4,265	4,178	4,043	3,607	3,511	3,431	3,001	2,754	2,641	2,585	2,527	2,487	2,456	2,428	2,392	2,377	2,360	2,336	2,308	2,276	2,235	2,167	1,880	1,728	1,611	1,476	1,362	1,250	1,159	1,051	939	717	566	400	267	158
Unproved
10	11	11	9	6	4	1	1	1	1	2	1	1	2	4	4	4	10	15	19	26	50	72	68	70	85	81	91	82	104	98	141	137	146	185	136
Other Property and Equipment
2	2	1	1	1	0	0	0	1	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	3	3	3	3	3	2	2	2	2
Total Property and Equipment
4,278	4,191	4,057	3,618	3,519	3,436	3,003	2,756	2,644	2,588	2,530	2,490	2,459	2,432	2,399	2,383	2,366	2,348	2,325	2,297	2,264	2,219	1,954	1,799	1,682	1,563	1,445	1,345	1,245	1,159	1,040	862	706	550	455	297
Less – Accumulated Depreciation, Depletion and Impairment
2,504	2,443	2,380	2,324	2,278	2,233	2,185	2,155	2,133	2,114	2,097	2,082	2,068	2,055	2,043	1,986	1,881	1,759	1,568	1,182	863	458	363	321	285	247	214	188	162	135	107	81	63	48	37	22
Total Property and Equipment, Net
1,773	1,748	1,676	1,293	1,240	1,202	817	601	510	473	433	407	390	376	355	396	485	589	757	1,115	1,400	1,761	1,590	1,477	1,397	1,316	1,230	1,157	1,083	1,024	933	780	643	501	418	275
Derivative Instruments
94	8	42	26	17	61	-	-	-	0	0	4	2	-	0	-	-	-	6	2	14	25	0	0	1	0	7	1	1	2	10	-	0	2	-	-
Deferred Income Taxes
0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition Deposit
-	-	-	31	-	-	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Income Taxes (Note 9)
-	-	-	-	-	-	-	-	0	-	0	0	0	0	0	0	0	0	31	27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Noncurrent Assets, Net
14	15	9	10	10	10	5	5	5	5	6	8	8	8	8	8	8	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DEBT ISSUANCE COSTS, NET
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	17	13	13	15	15	16	16	16	11	11	12	12	3	1	1	1	1
Total Assets
2,237	1,905	1,902	1,494	1,395	1,503	1,068	883	664	632	494	481	449	431	410	465	573	721	1,001	1,338	1,640	2,026	1,734	1,598	1,519	1,452	1,352	1,263	1,190	1,135	1,073	869	725	595	555	509
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts Payable
58	69	112	93	154	55	122	92	95	93	81	72	64	56	47	59	62	65	98	115	161	231	217	168	168	146	108	118	95	122	143	114	110	52	56	48
Accrued Liabilities
101	110	90	83	1	83	6	5	6	6	10	5	4	6	5	4	5	7	6	5	4	6	3	2	2	3	2	1	2	2	4	1	0	2	1	0
Accrued Interest
9	11	17	15	16	16	10	4	18	4	18	4	18	4	18	4	18	4	19	5	13	3	3	13	3	13	3	8	2	9	-	-	0	-	-	-
Debt Exchange Derivative
-	-	0	2	9	18	6	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative Instruments
0	11	-	0	5	0	61	43	26	18	0	0	0	10	0	1	-	0	0	0	0	-	45	24	19	21	4	7	0	0	0	14	9	0	14	11
Contingent Consideration
-	-	10	36	37	58	8	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Retirement Obligations
-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Portion of Long-term Debt
65	0	-	-	-	-	-	-	-	-	155	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31	27	41	43	-	-	0	-	-	-	-	0	6	-	-	2	-	-
Other Current Liabilities
0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Total Current Liabilities
235	203	230	232	226	231	215	158	147	123	265	83	88	77	72	70	86	78	156	154	221	285	269	209	194	185	118	134	100	134	153	130	119	58	72	59
Long-term Debt
975	1,118	1,140	857	839	830	789	834	980	979	691	845	823	832	807	818	803	835	170	188	338	298	198	138	75	45	0	139	124	68	0	177	69	15	0	0
8% Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	697	697	507	508	508	509	509	509	510	300	300	300	-	-	0	-	-	-
8% Senior Notes Due 2020
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	-	-	-	-	-
Derivative Instruments
0	8	-	1	4	0	-	28	15	11	0	0	0	1	0	-	-	0	0	0	0	0	16	1	0	3	0	6	2	0	0	6	2	0	1	5
Contingent Consideration
-	-	-	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Retirement Obligations
17	16	16	12	12	11	10	9	8	8	8	8	7	6	6	5	5	5	5	5	5	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Noncurrent Liabilities
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	0	0	25	158	128	123	116	106	98	85	76	65	60	43	35	27	19	9
Other Noncurrent Liabilities
0	0	0	0	0	0	0	0	-	0	-	-	-	0	-	-	-	0	-	-	-	-	4	4	3	2	1	1	1	1	1	1	0	0	0	0
Total Long-Term Liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	873	890	875	970	855	775	705	666	610	532	504	435	361	228	109	43	2	14
TOTAL LIABILITIES
1,228	1,346	1,387	1,104	1,083	1,073	1,057	1,030	1,153	1,123	964	936	919	918	886	895	895	919	1,029	1,044	1,097	1,255	1,124	984	899	851	729	667	604	569	515	359	229	101	93	74
COMMITMENTS AND CONTINGENCIES (NOTE 8)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0
STOCKHOLDERS’ EQUITY
Preferred Stock, Par Value $.001; 5,000,000 Shares Authorized; 2,294,702 Series A Shares Outstanding at 3/31/2020 1,500,000 Series A Shares Outstanding at 12/31/2019
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Common Stock, Par Value $.001; 675,000,000 Shares Authorized; 405,803,181 Shares Outstanding at 3/31/2020 406,085,183 Shares Outstanding at 12/31/2019
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Additional Paid-In Capital
-	-	-	-	-	1,226	-	-	-	449	-	-	-	443	-	-	-	440	-	-	-	433	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock, Par Value$.001; 5,000,000 Authorized, No Shares Outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Common Stock, Par Value $.001; 95,000,000 Authorized, (12/31/2011 - 63,157,304 Shares Outstanding and 12/31/2010 - 62,129,424 Shares Outstanding)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Additional Paid-In Capital
1,513	1,431	1,278	1,248	1,216	-	1,026	886	448	-	446	445	444	-	442	443	441	-	437	436	435	-	433	432	446	444	468	466	465	464	457	452	448	444	440	428
Retained Deficit
-504	-873	-765	-859	-904	-796	-1,015	-1,034	-937	-940	-916	-900	-914	-931	-919	-873	-764	-637	-465	-142	107	337	175	180	173	156	154	129	120	101	100	57	48	49	21	7
Accumulated Other Comprehensive Loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-0	-0	-0	-0
Total Stockholders’ Equity
1,009	558	514	389	312	429	11	-147	-488	-490	-470	-455	-470	-487	-476	-429	-322	-197	-28	293	542	770	609	613	619	600	623	596	586	565	558	510	496	494	461	435
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
2,237	1,905	1,902	1,494	1,395	1,503	1,068	883	664	632	494	481	449	431	410	465	573	721	1,001	1,338	1,640	2,026	1,734	1,598	1,519	1,452	1,352	1,263	1,190	1,135	1,073	869	725	595	555	509
Debt Exchange Derivative
Derivative Instruments
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-