10-Q Filing

MAGNOLIA OIL & GAS CORP CIK: 1698990 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-022750`
Period End Date	20170930
Filing Date	20171108
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	tpge-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 24 Income Statement 20 Cash Flow Statement 25 Stockholders Equity 14

Balance Sheet 24 line items

Line Item	Tag	Value	Unit	Period
Common stock redemption per share	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Cash	`Cash`	$955.99K	USD	Point-in-time
Preferred shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$182.03K	USD	Point-in-time
Preferred shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.14M	USD	Point-in-time
Preferred shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments held in Trust Account	`InvestmentsHeldInTrustAccount`	$651.61M	USD	Point-in-time
Preferred shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$652.75M	USD	Point-in-time
Total assets	`Assets`	-	USD	Point-in-time
Accrued offering costs	`AccruedLiabilitiesCurrent`	$846.09K	USD	Point-in-time
Accrued professional fees and other expenses	`AccruedLiabilitiesAndOtherLiabilities`	$383.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.23M	USD	Point-in-time
Deferred underwriting compensation	`RegistrationPaymentArrangementMaximumPotentialConsideration`	$22.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.98M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption; 62,376,845 shares at September 30, 2017, at a redemption value of $10.00 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$623.77M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$918.02K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$652.75M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Professional fees and other expenses	`ProfessionalFeesAndOtherExpenses`	$250.29K	USD	1 Quarter
Professional fees and other expenses	`ProfessionalFeesAndOtherExpenses`	$421.63K	USD	2 Qtrs
Travel expenses	`TravelAndEntertainmentExpense`	$77.36K	USD	1 Quarter
Travel expenses	`TravelAndEntertainmentExpense`	$175.99K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-597.62K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-327.65K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$2.01M	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	$1.36M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.03M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.41M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$494.32K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$360.35K	USD	1 Quarter
Net income attributable to common stock	`NetIncomeLoss`	$669.21K	USD	1 Quarter
Net income attributable to common stock	`NetIncomeLoss`	$918.02K	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.02	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	55.56M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	81.25M	shares	1 Quarter

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Net income attributable to common stock	`NetIncomeLoss`	$669.21K	USD	1 Quarter
Net income attributable to common stock	`NetIncomeLoss`	$918.02K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$182.03K	USD	2 Qtrs
Accrued professional fees and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$383.38K	USD	2 Qtrs
Interest on Investments held in Trust Account	`InvestmentIncomeInterest`	$2.01M	USD	2 Qtrs
Interest on Investments held in Trust Account	`InvestmentIncomeInterest`	$1.36M	USD	1 Quarter
Withdrawal of interest from Trust Account to pay federal income taxes	`ProceedsFromRestrictedInvestmentsInterestReceived`	$400.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-490.54K	USD	2 Qtrs
Proceeds deposited into Trust Account	`IncreaseDecreaseInRestrictedCashAndInvestments`	$650.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-650.00M	USD	2 Qtrs
Proceeds from sale of Units in initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	$650.00M	USD	2 Qtrs
Proceeds from sale of Units in initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	$650.00M	USD	Point-in-time
Proceeds from sale of Private Placement Warrants to Sponsor	`ProceedsFromIssuanceOfPrivatePlacement`	$15.00M	USD	Point-in-time
Proceeds from sale of Private Placement Warrants to Sponsor	`ProceedsFromIssuanceOfPrivatePlacement`	$15.00M	USD	2 Qtrs
Proceeds of notes payable from Sponsor	`ProceedsFromRelatedPartyDebt`	$300.00K	USD	2 Qtrs
Payment of underwriters discounts	`PaymentsOfStockIssuanceCosts`	$13.00M	USD	2 Qtrs
Payment of accrued offering costs	`ProceedsFromPaymentsForOtherFinancingActivities`	$-578.47K	USD	2 Qtrs
Repayment of notes payable from Sponsor	`RepaymentsOfRelatedPartyDebt`	$300.00K	USD	2 Qtrs
Repayment of notes payable from Sponsor	`RepaymentsOfRelatedPartyDebt`	$300.00K	USD	Point-in-time
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$651.45M	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$955.99K	USD	2 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$955.99K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$955.99K	USD	Point-in-time
Cash paid for federal income taxes	`IncomeTaxesPaid`	$400.00K	USD	2 Qtrs
Accrued offering costs	`AccruedOfferingCost`	$846.09K	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Common stock redemption per share	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Sale of stock	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	2 Qtrs
Class F common stock dividend effected on April 24, 2017	`DividendsCommonStockStock`	-	USD	2 Qtrs
Sale of 10,000,000 Private Placement Warrants to Sponsor on May 10, 2017 at $1.50 per Private Placement Warrant	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$15.00M	USD	2 Qtrs
Underwriters discount	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$13.00M	USD	2 Qtrs
Deferred offering costs charged to additional paid-in capital	`AdjustmentsToAdditionalPaidInCapitalStockDeferredOfferingCosts`	$1.42M	USD	2 Qtrs
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$22.75M	USD	2 Qtrs
Class F common stock forfeited by Sponsor on June 24, 2017	`StockIssuedDuringPeriodCapitalizationValueForfeitedToAdditionalPaidInCapital`	-	USD	2 Qtrs
Class A common stock subject to possible redemption; 62,376,845 shares at a redemption value of $10.00 per share	`StockholdersEquityReclassificationToFromTemporaryEquityValue`	$-623.77M	USD	2 Qtrs
Net income attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$918.02K	USD	2 Qtrs
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.