NORTHERN OIL AND GAS, INC.: 10-Q filed 2014-11-07

Name: NORTHERN OIL AND GAS, INC.: 10-Q filed 2014-11-07
Creator: NORTHERN OIL AND GAS, INC.

What NORTHERN OIL AND GAS, INC. reported in its quarterly report filed 2014-11-07 (fiscal Q3 2014): 34 published measures, 97 facts as tagged in accession 0001104485-14-000033.

This filing

Form: 10-Q (quarterly report)
Filed: 2014-11-07
Fiscal period: fiscal Q3 2014
Accession: 0001104485-14-000033 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 2014-09-30	1,796,574,655	USD
At 2013-12-31	1,519,599,960	USD

Total liabilities

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

Period	Value	Unit	Days
At 2014-09-30	1,128,264,048	USD
At 2013-12-31	899,771,599	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2014-09-30	668,310,607	USD
At 2013-12-31	619,828,361	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 2014-09-30	8,049,167	USD
At 2013-12-31	5,687,166	USD
At 2013-09-30	11,868,598	USD
At 2012-12-31	13,387,998	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
2014-07-01 to 2014-09-30	57,985,310	USD	92
2014-01-01 to 2014-09-30	60,162,624	USD	273
2013-07-01 to 2013-09-30	1,702,904	USD	92
2013-01-01 to 2013-09-30	35,666,098	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
2014-01-01 to 2014-09-30	80,279	USD	273
2013-01-01 to 2013-09-30	255,603	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
2014-07-01 to 2014-09-30	180,777,489	USD	92
2014-01-01 to 2014-09-30	337,504,808	USD	273
2013-07-01 to 2013-09-30	69,784,200	USD	92
2013-01-01 to 2013-09-30	233,844,086	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 2014-09-30	233,884,967	USD
At 2013-12-31	173,722,344	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
2014-07-01 to 2014-09-30	60,559,827	shares	92
2014-01-01 to 2014-09-30	60,753,752	shares	273
2013-07-01 to 2013-09-30	62,426,341	shares	92
2013-01-01 to 2013-09-30	62,750,952	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
2014-07-01 to 2014-09-30	60,736,502	shares	92
2014-01-01 to 2014-09-30	60,950,641	shares	273
2013-07-01 to 2013-09-30	62,758,378	shares	92
2013-01-01 to 2013-09-30	63,142,238	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
2014-07-01 to 2014-09-30	0.96	USD/shares	92
2014-01-01 to 2014-09-30	0.99	USD/shares	273
2013-07-01 to 2013-09-30	0.03	USD/shares	92
2013-01-01 to 2013-09-30	0.57	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
2014-07-01 to 2014-09-30	0.95	USD/shares	92
2014-01-01 to 2014-09-30	0.99	USD/shares	273
2013-07-01 to 2013-09-30	0.03	USD/shares	92
2013-01-01 to 2013-09-30	0.56	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
2014-07-01 to 2014-09-30	35,050,000	USD	92
2014-01-01 to 2014-09-30	36,400,000	USD	273
2013-07-01 to 2013-09-30	1,028,000	USD	92
2013-01-01 to 2013-09-30	21,262,614	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 2014-09-30	1,669,442,564	USD
At 2013-12-31	1,397,306,709	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
2014-01-01 to 2014-09-30	2,022,243	USD	273
2013-01-01 to 2013-09-30	3,547,493	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
2014-07-01 to 2014-09-30	103,646,534	USD	92
2014-01-01 to 2014-09-30	127,366,834	USD	273
2013-07-01 to 2013-09-30	12,113,046	USD	92
2013-01-01 to 2013-09-30	80,506,169	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 2014-09-30	106,448,328	USD
At 2013-12-31	104,387,563	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
2014-07-01 to 2014-09-30	10,624,246	USD	92
2014-01-01 to 2014-09-30	30,850,004	USD	273
2013-07-01 to 2013-09-30	9,212,834	USD	92
2013-01-01 to 2013-09-30	23,140,425	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 2014-09-30	239,084,180	USD
At 2013-12-31	194,088,018	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 2014-09-30	220,127,572	USD
At 2013-12-31	168,936,785	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 2014-09-30	88,575,478	USD
At 2013-12-31	86,816,981	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
2014-01-01 to 2014-09-30	14,224,260	USD	273
2013-01-01 to 2013-09-30	26,177,437	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
2014-07-01 to 2014-09-30	77,130,955	USD	92
2014-01-01 to 2014-09-30	210,137,974	USD	273
2013-07-01 to 2013-09-30	57,671,154	USD	92
2013-01-01 to 2013-09-30	153,337,917	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 2014-09-30	61,026,673	shares
At 2013-12-31	61,858,199	shares
At 2012-12-31	63,532,622	shares

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 2014-09-30	2,078,682,495	USD
At 2013-12-31	1,682,923,461	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 2014-09-30	409,239,931	USD
At 2013-12-31	285,616,752	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 2014-09-30	4,824,408	USD
At 2013-12-31	3,832,550	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 2014-09-30	4,933,500	USD
At 2013-12-31	2,645,178	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
2014-07-01 to 2014-09-30	93,035,310	USD	92
2014-01-01 to 2014-09-30	96,562,624	USD	273
2013-07-01 to 2013-09-30	2,730,904	USD	92
2013-01-01 to 2013-09-30	56,928,712	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
2014-07-01 to 2014-09-30	4,698,972	USD	92
2014-01-01 to 2014-09-30	12,677,481	USD	273
2013-07-01 to 2013-09-30	4,164,335	USD	92
2013-01-01 to 2013-09-30	12,068,439	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
2014-07-01 to 2014-09-30	0	USD	92
2014-01-01 to 2014-09-30	0	USD	273
2013-07-01 to 2013-09-30	0	USD	92
2013-01-01 to 2013-09-30	4,614	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
2014-01-01 to 2014-09-30	36,400,000	USD	273
2013-01-01 to 2013-09-30	21,258,000	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
2014-01-01 to 2014-09-30	1,758,497	USD	273
2013-01-01 to 2013-09-30	21,981,344	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
2014-01-01 to 2014-09-30	2,805,152	USD	273
2013-01-01 to 2013-09-30	6,026,364	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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print(record["policy"])
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