Ring Energy, Inc. (REI) financial statements (2021 and earlier)

Company profile

Business Address 6555 SOUTH LEWIS STREET
TULSA, OK 74136
State of Incorp. NV
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1081133413
Cash and cash equivalents1081133413
Receivables25202330131313
Prepaid expense4333000
Derivative instruments and hedges, assets 21    
Other undisclosed current assets 000   
Total current assets:39343937171827
Noncurrent Assets
Operating lease, right-of-use asset2   
Property, plant and equipment929919912879542509469
Derivative instruments and hedges 1     
Deferred income tax assets 57 
Deferred tax assets, net10867
Other undisclosed noncurrent assets3340001
Total noncurrent assets:934929923889550516477
TOTAL ASSETS:973963961925567534503
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities55526764524237
Accounts payable55526764524237
Debt100    
Derivative instruments and hedges, liabilities3  0 66
Other undisclosed current liabilities 0029   
Total current liabilities:59526893524943
Noncurrent Liabilities
Long-term debt and lease obligation010    
Finance lease, liability010 
Liabilities, other than long-term debt6      
Deferred income tax liabilities6   
Other undisclosed noncurrent liabilities384383377358532710
Total noncurrent liabilities:390384377358532710
Total liabilities:4494364454511047653
Stockholders' equity
Stockholders' equity attributable to parent524527516475463458451
Common stock0000000
Additional paid in capital526526525496495483482
Retained earnings (accumulated deficit)(3)1(9)(21)(32)(25)(31)
Total stockholders' equity:524527516475463458451
TOTAL LIABILITIES AND EQUITY:973963961925567534503

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues52505142283330
Cost of revenue27(32)(29)(21)(20)(20)(17)
Cost of goods and services sold(12)(15)(12)(9)(8)(7)(7)
Gross profit:7918232171313
Operating expenses(61)(4)(5)(11)(17)(3)(3)
Operating income (loss):18141810(10)109
Nonoperating income (expense)(10)(3)(3)(1)2(3)(3)
Interest and debt expense(4)(5)(4)(1)(0)(0) 
Income (loss) from continuing operations before equity method investments, income taxes:37118(9)66
Other undisclosed income from continuing operations before income taxes454100 
Income (loss) from continuing operations before income taxes:812159(8)66
Income tax expense (benefit)(11)(2)(3)21(1)(1)
Net income (loss) available to common stockholders, diluted:(4)101211(7)65

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(4)101211(7)65
Comprehensive income (loss), net of tax, attributable to parent:(4)101211(7)65

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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