10-K Filing

MAGNOLIA OIL & GAS CORP CIK: 1698990 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001564590-18-002110`
Period End Date	20171231
Filing Date	20180215
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	tpge-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 25 Income Statement 38 Cash Flow Statement 32 Stockholders Equity 14

Balance Sheet 25 line items

Line Item	Tag	Value	Unit	Period
Common stock redemption per share	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Cash	`Cash`	$851.47K	USD	Point-in-time
Preferred shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$142.28K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$993.74K	USD	Point-in-time
Preferred shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments held in Trust Account	`InvestmentsHeldInTrustAccount`	$652.84M	USD	Point-in-time
Preferred shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$104.57K	USD	Point-in-time
Total assets	`Assets`	$653.94M	USD	Point-in-time
Total assets	`Assets`	-	USD	Point-in-time
Accrued professional fees, travel and other expenses	`AccruedLiabilitiesAndOtherLiabilities`	$1.45M	USD	Point-in-time
Federal income taxes payable	`TaxesPayableCurrent`	$359.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.80M	USD	Point-in-time
Deferred underwriting compensation	`RegistrationPaymentArrangementMaximumPotentialConsideration`	$22.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.55M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption; 62,438,263 shares at December 31, 2017, at a redemption value of $10.00 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$624.38M	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`	$3.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.53M	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`	$653.94M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Professional fees and other expenses	`ProfessionalFeesAndOtherExpenses`	$685.94K	USD	Annual
Professional fees and other expenses	`ProfessionalFeesAndOtherExpenses`	$108.12K	USD	1 Quarter
Professional fees and other expenses	`ProfessionalFeesAndOtherExpenses`	$63.22K	USD	Point-in-time
Professional fees and other expenses	`ProfessionalFeesAndOtherExpenses`	$250.29K	USD	1 Quarter
Professional fees and other expenses	`ProfessionalFeesAndOtherExpenses`	$264.31K	USD	1 Quarter
Travel expenses	`TravelAndEntertainmentExpense`	$98.62K	USD	1 Quarter
Travel expenses	`TravelAndEntertainmentExpense`	$37.16K	USD	1 Quarter
Travel expenses	`TravelAndEntertainmentExpense`	$213.15K	USD	Annual
Travel expenses	`TravelAndEntertainmentExpense`	$77.36K	USD	1 Quarter
State franchise tax	`TaxesAndLicenses`	$152.61K	USD	1 Quarter
State franchise tax	`TaxesAndLicenses`	$152.61K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.05M	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$652.72K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$3.65M	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$21.00	USD	Point-in-time
Interest income	`InterestIncomeExpenseNet`	$1.36M	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$1.64M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.59M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$360.35K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$156.09K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-22.12K	USD	Point-in-time
Income tax expense	`IncomeTaxExpenseBenefit`	$567.94K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.06M	USD	Annual
Net income attributable to common stock	`NetIncomeLoss`	$669.21K	USD	1 Quarter
Net income attributable to common stock	`NetIncomeLoss`	$614.18K	USD	1 Quarter
Net income attributable to common stock	`NetIncomeLoss`	$1.53M	USD	Annual
Net income attributable to common stock	`NetIncomeLoss`	$289.88K	USD	1 Quarter
Net income attributable to common stock	`NetIncomeLoss`	$-41.08K	USD	Point-in-time
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.02	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.50M	shares	Point-in-time
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	52.86M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	62.92M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	81.25M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	81.25M	shares	1 Quarter

Cash Flow Statement 32 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`	$614.18K	USD	1 Quarter
Net income attributable to common stock	`NetIncomeLoss`	$1.53M	USD	Annual
Net income attributable to common stock	`NetIncomeLoss`	$289.88K	USD	1 Quarter
Net income attributable to common stock	`NetIncomeLoss`	$-41.08K	USD	Point-in-time
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$142.28K	USD	Annual
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$104.57K	USD	Annual
Accrued professional fees, travel and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.43M	USD	Annual
Federal income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$359.82K	USD	Annual
Interest on investments held in Trust Account	`InvestmentIncomeInterest`	$3.65M	USD	Annual
Withdrawal of interest from Trust Account to pay federal income taxes	`ProceedsFromRestrictedInvestmentsInterestReceived`	$807.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$236.32K	USD	Annual
Proceeds deposited into Trust Account	`IncreaseDecreaseInRestrictedCashAndInvestments`	$650.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-650.00M	USD	Annual
Proceeds from sale of Units in initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	$650.00M	USD	Annual
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	Annual
Proceeds from sale of Private Placement Warrants to Sponsor	`ProceedsFromIssuanceOfPrivatePlacement`	$15.00M	USD	Point-in-time
Proceeds of notes payable from Sponsor	`ProceedsFromRelatedPartyDebt`	$300.00K	USD	Annual
Payment of underwriters discounts	`PaymentsOfStockIssuanceCosts`	$13.00M	USD	Annual
Payment of accrued offering costs	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.41M	USD	Annual
Repayment of notes payable from Sponsor	`RepaymentsOfRelatedPartyDebt`	$300.00K	USD	Annual
Repayment of notes payable from Sponsor	`RepaymentsOfRelatedPartyDebt`	$300.00K	USD	Point-in-time
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$650.62M	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$851.47K	USD	Annual
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$851.47K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$851.47K	USD	Point-in-time
Cash paid for federal income taxes	`IncomeTaxesPaid`	$807.00K	USD	Annual
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$22.75M	USD	Annual
Accrued offering costs	`AccruedOfferingCost`	$14.71K	USD	Annual

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	Annual
Class F common stock dividend effected on April 24, 2017	`DividendsCommonStockStock`	-	USD	Annual
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	Annual
Underwriters' discount	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$13.00M	USD	Annual
Deferred offering costs charged to additional paid-in capital	`AdjustmentsToAdditionalPaidInCapitalStockDeferredOfferingCosts`	$1.42M	USD	Annual
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$22.75M	USD	Annual
Class F common stock forfeited by Sponsor on June 24, 2017	`StockIssuedDuringPeriodCapitalizationValueForfeitedToAdditionalPaidInCapital`	-	USD	Annual
Class A common stock subject to possible redemption; 62,438,263 shares at a redemption value of $10.00 per share	`StockholdersEquityReclassificationToFromTemporaryEquityValue`	$-624.38M	USD	Annual
Net income attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.53M	USD	Annual
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.