Ring Energy, Inc. (REI) financial statements (2020 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
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 investments10315714952
Cash and cash equivalents10315714952
Receivables251314446(3)
Prepaid expense4000000
Other undisclosed current assets      7
Total current assets:3917297591556
Noncurrent Assets
Operating lease, right-of-use asset2
Property, plant and equipment92954237421224115355
Oil and gas property, full cost method     7 
Deferred tax assets, net811200  
Other undisclosed noncurrent assets30001(7) 
Total noncurrent assets:93455038523224215355
TOTAL ASSETS:973567414308251168112
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities555244911166
Accounts payable555244911166
Accrued liabilities    00 
Debt1      
Derivative instruments and hedges, liabilities3 4    
Other undisclosed current liabilities      1
Total current liabilities:595248911167
Noncurrent Liabilities
Long-term debt and lease obligation0      
Finance lease, liability0
Liabilities, other than long-term debt6    52
Asset retirement obligations     01
Deferred tax liabilities, net    51
Deferred income tax liabilities6
Other undisclosed noncurrent liabilities3845398534 
Total noncurrent liabilities:39053985392
Total liabilities:449104571765259
Stockholders' equity
Stockholders' equity attributable to parent524463357291186143103
Common stock0000000
Additional paid in capital526495398335193141109
Retained earnings (accumulated deficit)(3)(32)(41)(45)(7)2(6)
Total stockholders' equity:524463357291186143103
TOTAL LIABILITIES AND EQUITY:973567414308251168112

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1961206731313810
Revenue, net6731313810
Cost of revenue(54)(72)(21)(10)(10)(17)(1)
Cost of goods and services sold(48)(28)(21)(10)(10)(17)(1)
Gross profit:14248462121219
Operating expenses(82)(28)(51)(88)(44)(32)(17)
Other undisclosed operating income  21101024 
Operating income (loss):602016(57)(13)13(8)
Nonoperating income (expense)(17)(8)(4)(1)(1)00
Investment income, nonoperating0000000
Interest and debt expense(14)(0) (1)(1) 0
Income (loss) from continuing operations before equity method investments, income taxes:291212(58)(15)13(8)
Other undisclosed income from continuing operations before income taxes140 11  
Income (loss) from continuing operations before income taxes:431212(58)(14)13(8)
Income tax expense (benefit)(14)(3)(10)205(4)0
Income (loss) before gain (loss) on sale of properties:2992(38)(9)8(8)
Other undisclosed net income      8
Net income (loss) available to common stockholders, diluted:2992(38)(9)8(0)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):2992(38)(9)8(0)
Comprehensive income (loss), net of tax, attributable to parent:2992(38)(9)8(0)

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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