Investor Presentaiton
Cash Flow Reconciliation Since Magnolia's Inception
MAGNOLIA
OIL & GAS
($ in millions)
$700
$600
$500
$400
$300
$200
$100
$485
$23
$34
$198
$270
$116
$76
$0
Opening Cash
at Inception
Cash Flow from
Operations After
Transaction Costs
(2)
Other
Changes in
Working Capital
Acquisitions
(3)
D&C and
Facilities Capital
Cash
3/31/19
(1)
(1) Represents cash remaining after cash held in Trust ($656 MM) and proceeds from debt ($400 MM) and equity ($355 MM) issuances were used to pay for the EnerVest acquisition
($1.2 Bn), deferred underwriting comp ($23 MM), debt issuance costs ($23 MM), repayment of the Sponsor Loan ($1 MM), and transaction costs ($31 MM) on July 31st.
(2) Includes payment to settle Giddings earnout ($26 MM), offset by cash received in final settlement of EnerVest Acquisition.
(3) Acquisitions include leasehold acquisitions and are net of partner contributions.
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