Reserve Petroleum Co (RSRV) financial statements (2020 and earlier)

Company profile

Business Address 6801 N BROADWAY STE 300
OKLAHOMA CITY, OK 73116-9092
State of Incorp. DE
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 thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,80123,13221,69921,98922,99022,30318,005
Cash and cash equivalents2,7386,4284,7688,07213,93715,20410,765
Short-term investments19,06316,70316,93113,9179,0537,1007,241
Receivables1,0781,0811,3321,3011,1332,2972,449
Prepaid expense     876
Income taxes receivable337
Total current assets:22,88024,21323,03123,29124,12324,68720,797
Noncurrent Assets
Property, plant and equipment9,51411,18510,64810,92812,22318,06718,522
Oil and gas property, successful effort method     17,95618,400
Long-term investments and receivables2,6432,5712,6242,7291,8421,025765
Long-term investments2,6432,5712,6242,7291,8421,025765
Other noncurrent assets687    391377
Other undisclosed noncurrent assets     (17,956)(18,400)
Total noncurrent assets:12,84513,75613,27313,65814,06519,48419,664
TOTAL ASSETS:35,72437,96936,30436,94938,18844,17140,461
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities157318235162226819368
Accounts payable157318235162226819368
Other liabilities2525252638263338
Total current liabilities:1823442601872641,082705
Noncurrent Liabilities
Liabilities, other than long-term debt2,7392,9842,6933,2223,2914,8955,059
Asset retirement obligations1,8221,7741,7751,7111,6771,6461,511
Deferred tax liabilities, net1,2109181,5111,6143,2493,548
Deferred income tax liabilities917
Other undisclosed noncurrent liabilities6761,0571,2291,2781,4081,4521,370
Total noncurrent liabilities:3,4154,0423,9214,5004,6996,3476,429
Total liabilities:3,5974,3854,1824,6874,9637,4297,134
Stockholders' equity
Stockholders' equity attributable to parent32,12733,58332,12232,26133,22536,74233,327
Common stock92929292929292
Treasury stock, value(1,690)(1,598)(1,533)(1,497)(1,408)(1,361)(1,194)
Additional paid in capital65656565656565
Retained earnings33,66035,02433,49733,60134,47537,94634,363
Total stockholders' equity:32,12733,58332,12232,26133,22536,74233,327
TOTAL LIABILITIES AND EQUITY:35,72437,96936,30436,94938,18844,17140,461

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,6288,3276,3106,2918,45121,16918,813
Revenue, net6,3106,2918,45121,16818,813
Cost of revenue(5,202)(2,392)(2,190)(2,141)(2,601)(3,378)(3,010)
Cost of goods and services sold(2,334)(2,392)(2,190)(2,141)(2,601)(3,378)(3,010)
Gross profit:1,4265,9364,1204,1505,85017,79115,803
Operating expenses(2,431)(6,370)(6,828)(6,871) (12,462)(11,239)
Other operating income (expense), net
(Other Expenses)
     (45)35
Other undisclosed operating income (loss) 2,3922,1902,141(9,316)3,4222,975
Operating income (loss):(1,005)1,957(518)(580)(3,466)8,7067,573
Nonoperating income60382968330070127390
Investment income, nonoperating     2033
Other nonoperating income60382968330070107357
Income (loss) from continuing operations before equity method investments, income taxes:(402)2,786165(280)(3,396)8,8347,963
Income (loss) from equity method investments(88)(84)(62)23386735
Other undisclosed loss from continuing operations before income taxes     (20)(33)
Income (loss) from continuing operations before income taxes:(490)2,702103(257)(3,358)8,8807,966
Income tax expense (benefit)223(388)5831731,473(2,117)(1,897)
Net income (loss) available to common stockholders, diluted:(267)2,314686(84)(1,885)6,7636,068

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(267)2,314686(84)(1,885)6,7636,068
Comprehensive income (loss), net of tax, attributable to parent:(267)2,314686(84)(1,885)6,7636,068

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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