Company: MGY
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001698990-25-000006
Chunk: 94

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 94
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580 Other18,716 9,774 Accumulated depreciation, depletion and amortization(2,115,892)(1,701,333)Total property, plant and equipment, net2,306,034 2,052,021 OTHER ASSETSDeferred financing costs, net7,022 3,836 Deferred tax assets77,637 90,358 Other long-term assets19,318 18,728 Total other assets103,977 112,922 TOTAL ASSETS$2,820,835 $2,756,216 LIABILITIES AND STOCKHOLDERS’ EQUITYCURRENT LIABILITIESAccounts payable$181,073 $193,212 Other current liabilities (Note 5)109,188 121,675 Total current liabilities290,261 314,887 LONG-TERM LIABILITIESLong-term debt, net392,513 392,839 Asset retirement obligations, net of current161,295 148,467 Other long-term liabilities9,440 17,355 Total long-term liabilities563,248 558,661 COMMITMENTS AND CONTINGENCIES (Note 9)STOCKHOLDERS’ EQUITYClass A Common Stock, $0.0001 par value, 1,300,000 shares authorized, 228,164 shares issued and 189,356 shares outstanding in 2024 and 214,497 shares issued and 183,164 shares outstanding in 202323 21 Class B Common Stock, $0.0001 par value, 225,000 shares authorized, 5,523 shares and 21,827 shares issued and outstanding in 2024 and 2023, respectively1 2 Additional paid-in capital1,880,243 1,743,930 Treasury Stock, at cost, 38,808 shares and 31,333 shares in 2024 and 2023, respectively(721,279)(538,445)Retained earnings754,591 486,162 Noncontrolling interest53,747 190,998 Total equity1,967,326 1,882,668 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$2,820,835 $2,756,216 

The accompanying notes are an integral part of these consolidated financial statements.

47

Magnolia Oil & Gas Corporation

Consolidated Statements of Operations

(In thousands,