NORTHERN OIL AND GAS, INC.: 10-Q filed 2012-11-08

Name: NORTHERN OIL AND GAS, INC.: 10-Q filed 2012-11-08
Creator: NORTHERN OIL AND GAS, INC.

What NORTHERN OIL AND GAS, INC. reported in its quarterly report filed 2012-11-08 (fiscal Q3 2012): 39 published measures, 109 facts as tagged in accession 0001104485-12-000065.

This filing

Form: 10-Q (quarterly report)
Filed: 2012-11-08
Fiscal period: fiscal Q3 2012
Accession: 0001104485-12-000065 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All NORTHERN OIL AND GAS, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2012-09-30	1,135,215,576	USD
At 2011-12-31	725,593,919	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2012-09-30	569,839,763	USD
At 2011-12-31	229,023,864	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2012-09-30	565,375,813	USD
At 2011-12-31	496,570,055	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2012-09-30	8,234,566	USD
At 2011-12-31	6,279,587	USD
At 2011-09-30	8,265,649	USD
At 2010-12-31	152,110,701	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	300,161	USD	92
2012-01-01 to 2012-09-30	52,732,468	USD	274
2011-07-01 to 2011-09-30	28,617,222	USD	92
2011-01-01 to 2011-09-30	41,992,280	USD	273

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	136,696,932	USD	274
2011-01-01 to 2011-09-30	49,385,866	USD	273

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	185,157	USD	274
2011-01-01 to 2011-09-30	181,041	USD	273

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	60,095,613	USD	92
2012-01-01 to 2012-09-30	229,826,206	USD	274
2011-07-01 to 2011-09-30	69,050,038	USD	92
2011-01-01 to 2011-09-30	122,402,885	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	285,130,461	USD	274
2011-01-01 to 2011-09-30	16,250,853	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	-419,872,414	USD	274
2011-01-01 to 2011-09-30	-209,481,771	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2012-09-30	101,103,152	USD
At 2011-12-31	48,370,684	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	62,589,256	shares	92
2012-01-01 to 2012-09-30	62,410,110	shares	274
2011-07-01 to 2011-09-30	61,919,641	shares	92
2011-01-01 to 2011-09-30	61,708,537	shares	273

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	62,882,673	shares	92
2012-01-01 to 2012-09-30	62,753,241	shares	274
2011-07-01 to 2011-09-30	62,265,502	shares	92
2011-01-01 to 2011-09-30	62,114,115	shares	273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	0	USD/shares	92
2012-01-01 to 2012-09-30	0.84	USD/shares	274
2011-07-01 to 2011-09-30	0.46	USD/shares	92
2011-01-01 to 2011-09-30	0.68	USD/shares	273

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	0	USD/shares	92
2012-01-01 to 2012-09-30	0.84	USD/shares	274
2011-07-01 to 2011-09-30	0.46	USD/shares	92
2011-01-01 to 2011-09-30	0.68	USD/shares	273

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	213,422	USD	92
2012-01-01 to 2012-09-30	34,878,772	USD	274
2011-07-01 to 2011-09-30	17,173,000	USD	92
2011-01-01 to 2011-09-30	25,725,300	USD	273

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2012-09-30	1,024,065,916	USD
At 2011-12-31	643,702,946	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	11,295,664	USD	274
2011-01-01 to 2011-09-30	5,552,245	USD	273

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	5,719,299	USD	92
2012-01-01 to 2012-09-30	95,740,259	USD	274
2011-07-01 to 2011-09-30	45,971,022	USD	92
2011-01-01 to 2011-09-30	67,360,848	USD	273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2012-09-30	96,654,199	USD
At 2011-12-31	80,504,772	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	5,205,822	USD	92
2012-01-01 to 2012-09-30	8,130,225	USD	274
2011-07-01 to 2011-09-30	182,499	USD	92
2011-01-01 to 2011-09-30	425,687	USD	273

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2012-09-30	134,760,080	USD
At 2011-12-31	119,660,595	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2012-09-30	122,259,062	USD
At 2011-12-31	110,133,286	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2012-09-30	79,324,983	USD
At 2011-12-31	51,418,830	USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	1,173,315	USD	274
2011-01-01 to 2011-09-30	0	USD	273

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	54,376,314	USD	92
2012-01-01 to 2012-09-30	134,085,947	USD	274
2011-07-01 to 2011-09-30	23,079,016	USD	92
2011-01-01 to 2011-09-30	55,042,037	USD	273

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit
At 2012-09-30	63,490,667	shares
At 2011-12-31	63,330,421	shares
At 2010-12-31	62,129,424	shares

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2012-09-30	0	USD
At 2011-12-31	-62,309	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2012-09-30	1,159,417,955	USD
At 2011-12-31	706,968,865	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2012-09-30	135,352,039	USD
At 2011-12-31	63,265,919	USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2012-09-30	1,422,683	USD
At 2011-12-31	959,366	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2012-09-30	2,769,351	USD
At 2011-12-31	65,443	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	513,583	USD	92
2012-01-01 to 2012-09-30	87,611,240	USD	274
2011-07-01 to 2011-09-30	45,790,222	USD	92
2011-01-01 to 2011-09-30	67,717,580	USD	273

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	9,467,711	USD	92
2012-01-01 to 2012-09-30	18,568,696	USD	274
2011-07-01 to 2011-09-30	4,073,988	USD	92
2011-01-01 to 2011-09-30	10,113,995	USD	273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	-5,205,716	USD	92
2012-01-01 to 2012-09-30	-8,129,019	USD	274
2011-07-01 to 2011-09-30	-180,800	USD	92
2011-01-01 to 2011-09-30	356,732	USD	273

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	3,422	USD	92
2012-01-01 to 2012-09-30	8,772	USD	274
2011-07-01 to 2011-09-30	0	USD	92
2011-01-01 to 2011-09-30	2,300	USD	273

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	34,870,000	USD	274
2011-01-01 to 2011-09-30	25,723,000	USD	273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	27,906,153	USD	274
2011-01-01 to 2011-09-30	22,527,820	USD	273

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	-723,549	USD	274
2011-01-01 to 2011-09-30	-1,028,434	USD	273

Inspect the source

Entity: NORTHERN OIL AND GAS, INC. / CIK 0001104485
Captured: 2026-09-20T05:23:19.486Z
SEC response SHA-256: 97105b740bdc8a05e88d90c2e0c5e7a646801f073caca5aeddb8636f426450d3

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