Investor Presentaiton
Adjusted Net Income Reconciliation
(in thousands)
Adjusted Net Income
Net income (1)
Adjustments for certain items affecting comparability:
Transaction costs
Tax impact of adjustments
Adjusted net income
(2)
(in thousands)
Total Share Count
Diluted weighted average of Class A Common Stock outstanding during the period
MAGNOLIA
OIL & GAS
For the Quarter Ended
March 31, 2019
$22,713
For the Quarter Ended
December 31, 2018
$57,808
353
2,241
(74)
$22,992
(471)
$59,578
For the Quarter Ended
March 31, 2019
158,140
For the Quarter Ended
December 31, 2018
158,998
Weighted average shares of Class B Common Stock, outstanding during the period
(3)
93,312
93,189
Total weighted average shares of Class A and B Common Stock, including dilutive impact of other securities
251,452
252,187
(1) Includes net income attributable to noncontrolling interest.
(2) Adjusted Net Income is a non-GAAP measure. For reasons management believes this is useful to investors, refer to slide 2 "Non-GAAP Financial Measures."
(3) Shares of Class B Common Stock, and corresponding Magnolia LLC Units, are anti-dilutive in the calculation of weighted average number of common shares outstanding.
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