Reserve Petroleum Co (RSRV) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,23921,80123,13221,69921,98922,99022,303
Cash and cash equivalents16,1872,7386,4284,7688,07213,93715,204
Short-term investments4,05219,06316,70316,93113,9179,0537,100
Receivables1,2911,0781,0811,3321,3011,1332,297
Prepaid expense      87
Total current assets:21,53022,88024,21323,03123,29124,12324,687
Noncurrent Assets
Property, plant and equipment7,4779,51411,18510,64810,92812,22318,067
Oil and gas property, successful effort method      17,956
Long-term investments and receivables3,0202,6432,5712,6242,7291,8421,025
Long-term investments3,0202,6432,5712,6242,7291,8421,025
Other noncurrent assets120687    391
Other undisclosed noncurrent assets      (17,956)
Total noncurrent assets:10,61812,84513,75613,27313,65814,06519,484
TOTAL ASSETS:32,14835,72437,96936,30436,94938,18844,171
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities248157318235162226819
Accounts payable248157318235162226819
Other liabilities152525252638263
Total current liabilities:2631823442601872641,082
Noncurrent Liabilities
Liabilities, other than long-term debt2,3792,7392,9842,6933,2223,2914,895
Asset retirement obligations1,8111,8221,7741,7751,7111,6771,646
Deferred tax liabilities, net1,2109181,5111,6143,249
Deferred income tax liabilities569917
Other undisclosed noncurrent liabilities1206761,0571,2291,2781,4081,452
Total noncurrent liabilities:2,4993,4154,0423,9214,5004,6996,347
Total liabilities:2,7623,5974,3854,1824,6874,9637,429
Stockholders' equity
Stockholders' equity attributable to parent29,38532,12733,58332,12232,26133,22536,742
Common stock92929292929292
Treasury stock, value(1,693)(1,690)(1,598)(1,533)(1,497)(1,408)(1,361)
Additional paid in capital65656565656565
Retained earnings30,92133,66035,02433,49733,60134,47537,946
Total stockholders' equity:29,38532,12733,58332,12232,26133,22536,742
TOTAL LIABILITIES AND EQUITY:32,14835,72437,96936,30436,94938,18844,171

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,0826,6288,3276,3106,2918,45121,169
Revenue, net6,3106,2918,45121,168
Cost of revenue(5,278)(5,202)(2,392)(2,190)(2,141)(2,601)(3,378)
Cost of goods and services sold(1,878)(2,334)(2,392)(2,190)(2,141)(2,601)(3,378)
Gross profit:(1,195)1,4265,9364,1204,1505,85017,791
Operating expenses(1,960)(2,431)(6,370)(6,828)(6,871) (12,462)
Other operating expense, net
(Other Expenses)
      (45)
Other undisclosed operating income (loss)  2,3922,1902,141(9,316)3,422
Operating income (loss):(3,156)(1,005)1,957(518)(580)(3,466)8,706
Nonoperating income77560382968330070127
Investment income, nonoperating      20
Other nonoperating income77560382968330070107
Income (loss) from continuing operations before equity method investments, income taxes:(2,381)(402)2,786165(280)(3,396)8,834
Income (loss) from equity method investments(110)(88)(84)(62)233867
Other undisclosed loss from continuing operations before income taxes      (20)
Income (loss) from continuing operations before income taxes:(2,491)(490)2,702103(257)(3,358)8,880
Income tax expense (benefit)534223(388)5831731,473(2,117)
Net income (loss) available to common stockholders, diluted:(1,956)(267)2,314686(84)(1,885)6,763

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,956)(267)2,314686(84)(1,885)6,763
Comprehensive income (loss), net of tax, attributable to parent:(1,956)(267)2,314686(84)(1,885)6,763

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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