10-Q Filing

MAGNOLIA OIL & GAS CORP CIK: 1698990 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-013420`
Period End Date	20180331
Filing Date	20180514
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	tpge-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 20 Cash Flow Statement 34 Stockholders Equity 12

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Common stock redemption per share	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Cash	`Cash`	$571.74K	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 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
Preferred shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$153.92K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$993.74K	USD	Point-in-time
Preferred shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$725.65K	USD	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
Investments held in Trust Account	`InvestmentsHeldInTrustAccount`	$654.91M	USD	Point-in-time
Preferred shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$914.68K	USD	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
Total assets	`Assets`	$656.55M	USD	Point-in-time
Accrued professional fees, travel and other expenses	`AccruedLiabilitiesAndOtherLiabilities`	$5.20M	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
Federal income taxes payable	`TaxesPayableCurrent`	$759.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.96M	USD	Point-in-time
Deferred underwriting compensation	`RegistrationPaymentArrangementMaximumPotentialConsideration`	$22.75M	USD	Point-in-time
Deferred underwriting compensation	`RegistrationPaymentArrangementMaximumPotentialConsideration`	$22.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.55M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption; 62,284,034 and 62,438,263 shares at March 31, 2018 and December 31, 2017, respectively at a redemption value of $10.00 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$624.38M	USD	Point-in-time
Class A common stock subject to possible redemption; 62,284,034 and 62,438,263 shares at March 31, 2018 and December 31, 2017, respectively at a redemption value of $10.00 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$622.84M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding	`PreferredStockValue`	-	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
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.01M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$1.53M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.09K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-16.08K	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`	$656.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$653.94M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	Point-in-time
Professional fees and other expenses	`ProfessionalFeesAndOtherExpenses`	$4.01M	USD	1 Quarter
Professional fees and other expenses	`ProfessionalFeesAndOtherExpenses`	$63.22K	USD	Point-in-time
Travel expenses	`TravelAndEntertainmentExpense`	-	USD	Point-in-time
Travel expenses	`TravelAndEntertainmentExpense`	$11.46K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-63.22K	USD	Point-in-time
Loss from operations	`OperatingIncomeLoss`	$-4.03M	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$2.07M	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$21.00	USD	Point-in-time
Loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.95M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-63.20K	USD	Point-in-time
Income tax benefit	`IncomeTaxExpenseBenefit`	$-409.98K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-22.12K	USD	Point-in-time
Net loss attributable to common stock	`NetIncomeLoss`	$-41.08K	USD	Point-in-time
Net loss attributable to common stock	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Point-in-time
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	81.25M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.50M	shares	Point-in-time

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to common stock	`NetIncomeLoss`	$-41.08K	USD	Point-in-time
Net loss attributable to common stock	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$11.64K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Point-in-time
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Point-in-time
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$810.12K	USD	1 Quarter
Accrued professional fees and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$41.10K	USD	Point-in-time
Accrued professional fees and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.77M	USD	1 Quarter
Federal income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	Point-in-time
Federal income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$400.14K	USD	1 Quarter
Interest on Investments held in Trust Account	`InvestmentIncomeInterest`	-	USD	Point-in-time
Interest on Investments held in Trust Account	`InvestmentIncomeInterest`	$2.07M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-265.02K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.00	USD	Point-in-time
Proceeds of notes payable from Sponsor	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds of notes payable from Sponsor	`ProceedsFromRelatedPartyDebt`	$300.00K	USD	Point-in-time
Payment of accrued offering costs	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Point-in-time
Payment of accrued offering costs	`ProceedsFromPaymentsForOtherFinancingActivities`	$-14.71K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$325.00K	USD	Point-in-time
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-14.71K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$325.02K	USD	Point-in-time
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-279.73K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$851.47K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$325.02K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$571.74K	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 at end of period	`CashAndCashEquivalentsAtCarryingValue`	$325.02K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$571.74K	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	-	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$22.75M	USD	1 Quarter
Accrued offering costs	`AccruedOfferingCost`	$482.13K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCost`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$-16.08K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Sale of stock	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Point-in-time
Changes in shares subject to possible redemption	`StockholdersEquityReclassificationToFromTemporaryEquityValue`	$1.54M	USD	1 Quarter
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-41.08K	USD	Point-in-time
Net loss attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.54M	USD	1 Quarter
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$-16.08K	USD	Point-in-time
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.