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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments410315714
Cash and cash equivalents410315714
Receivables1625131444
Prepaid expense040000
Other undisclosed current assets0     
Total current assets:21391729759
Noncurrent Assets
Operating lease, right-of-use asset12
Property, plant and equipment639929542374212241
Deferred tax assets, net811200
Other undisclosed noncurrent assets230001
Total noncurrent assets:643934550385232242
TOTAL ASSETS:663973567414308251
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33555244911
Accounts payable33555244911
Accrued liabilities     0
Debt01    
Derivative instruments and hedges, liabilities33 4  
Other undisclosed current liabilities1     
Total current liabilities:37595248911
Noncurrent Liabilities
Long-term debt and lease obligation00    
Finance lease, liability00
Liabilities, other than long-term debt16    
Deferred income tax liabilities 6
Derivative instruments and hedges, liabilities1     
Other undisclosed noncurrent liabilities331384539853
Total noncurrent liabilities:332390539853
Total liabilities:369449104571765
Stockholders' equity
Stockholders' equity attributable to parent295524463357291186
Common stock000000
Additional paid in capital551526495398335193
Accumulated deficit(256)(3)(32)(41)(45)(7)
Total stockholders' equity:295524463357291186
TOTAL LIABILITIES AND EQUITY:663973567414308251

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues113196120673131
Revenue, net673131
Cost of revenue(86)(54)(72)(21)(10)(10)
Cost of goods and services sold(37)(48)(28)(21)(10)(10)
Gross profit:2714248462121
Operating expenses(295)(82)(28)(51)(88)(44)
Other undisclosed operating income   211010
Operating income (loss):(269)602016(57)(13)
Nonoperating income (expense)9(17)(8)(4)(1)(1)
Interest and debt expense(18)(14)(0) (1)(1)
Income (loss) from continuing operations before equity method investments, income taxes:(277)291212(58)(15)
Other undisclosed income from continuing operations before income taxes18140 11
Income (loss) from continuing operations before income taxes:(259)431212(58)(14)
Income tax expense (benefit)6(14)(3)(10)205
Net income (loss) available to common stockholders, diluted:(253)2992(38)(9)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(253)2992(38)(9)
Comprehensive income (loss), net of tax, attributable to parent:(253)2992(38)(9)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: