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 investments | 20,239 | 21,801 | 23,132 | 21,699 | 21,989 | 22,990 | 22,303 | ||
| Cash and cash equivalents | 16,187 | 2,738 | 6,428 | 4,768 | 8,072 | 13,937 | 15,204 | ||
| Short-term investments | 4,052 | 19,063 | 16,703 | 16,931 | 13,917 | 9,053 | 7,100 | ||
| Receivables | 1,291 | 1,078 | 1,081 | 1,332 | 1,301 | 1,133 | 2,297 | ||
| Prepaid expense | 87 | ||||||||
| Total current assets: | 21,530 | 22,880 | 24,213 | 23,031 | 23,291 | 24,123 | 24,687 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 7,477 | 9,514 | 11,185 | 10,648 | 10,928 | 12,223 | 18,067 | ||
| Oil and gas property, successful effort method | 17,956 | ||||||||
| Long-term investments and receivables | 3,020 | 2,643 | 2,571 | 2,624 | 2,729 | 1,842 | 1,025 | ||
| Long-term investments | 3,020 | 2,643 | 2,571 | 2,624 | 2,729 | 1,842 | 1,025 | ||
| Other noncurrent assets | 120 | 687 | 391 | ||||||
| Other undisclosed noncurrent assets | (17,956) | ||||||||
| Total noncurrent assets: | 10,618 | 12,845 | 13,756 | 13,273 | 13,658 | 14,065 | 19,484 | ||
| TOTAL ASSETS: | 32,148 | 35,724 | 37,969 | 36,304 | 36,949 | 38,188 | 44,171 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 248 | 157 | 318 | 235 | 162 | 226 | 819 | ||
| Accounts payable | 248 | 157 | 318 | 235 | 162 | 226 | 819 | ||
| Other liabilities | 15 | 25 | 25 | 25 | 26 | 38 | 263 | ||
| Total current liabilities: | 263 | 182 | 344 | 260 | 187 | 264 | 1,082 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 2,379 | 2,739 | 2,984 | 2,693 | 3,222 | 3,291 | 4,895 | ||
| Asset retirement obligations | 1,811 | 1,822 | 1,774 | 1,775 | 1,711 | 1,677 | 1,646 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 1,210 | 918 | 1,511 | 1,614 | 3,249 | ||
| Deferred income tax liabilities | 569 | 917 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed noncurrent liabilities | 120 | 676 | 1,057 | 1,229 | 1,278 | 1,408 | 1,452 | ||
| Total noncurrent liabilities: | 2,499 | 3,415 | 4,042 | 3,921 | 4,500 | 4,699 | 6,347 | ||
| Total liabilities: | 2,762 | 3,597 | 4,385 | 4,182 | 4,687 | 4,963 | 7,429 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 29,385 | 32,127 | 33,583 | 32,122 | 32,261 | 33,225 | 36,742 | ||
| Common stock | 92 | 92 | 92 | 92 | 92 | 92 | 92 | ||
| Treasury stock, value | (1,693) | (1,690) | (1,598) | (1,533) | (1,497) | (1,408) | (1,361) | ||
| Additional paid in capital | 65 | 65 | 65 | 65 | 65 | 65 | 65 | ||
| Retained earnings | 30,921 | 33,660 | 35,024 | 33,497 | 33,601 | 34,475 | 37,946 | ||
| Total stockholders' equity: | 29,385 | 32,127 | 33,583 | 32,122 | 32,261 | 33,225 | 36,742 | ||
| TOTAL LIABILITIES AND EQUITY: | 32,148 | 35,724 | 37,969 | 36,304 | 36,949 | 38,188 | 44,171 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,082 | 6,628 | 8,327 | 6,310 | 6,291 | 8,451 | 21,169 | |
| Revenue, net | ✕ | ✕ | ✕ | 6,310 | 6,291 | 8,451 | 21,168 | |
| 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) | 1,426 | 5,936 | 4,120 | 4,150 | 5,850 | 17,791 | |
| 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) | 2,392 | 2,190 | 2,141 | (9,316) | 3,422 | |||
| Operating income (loss): | (3,156) | (1,005) | 1,957 | (518) | (580) | (3,466) | 8,706 | |
| Nonoperating income | 775 | 603 | 829 | 683 | 300 | 70 | 127 | |
| Investment income, nonoperating | 20 | |||||||
| Other nonoperating income | 775 | 603 | 829 | 683 | 300 | 70 | 107 | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (2,381) | (402) | 2,786 | 165 | (280) | (3,396) | 8,834 | |
| Income (loss) from equity method investments | (110) | (88) | (84) | (62) | 23 | 38 | 67 | |
| Other undisclosed loss from continuing operations before income taxes | (20) | |||||||
| Income (loss) from continuing operations before income taxes: | (2,491) | (490) | 2,702 | 103 | (257) | (3,358) | 8,880 | |
| Income tax expense (benefit) | 534 | 223 | (388) | 583 | 173 | 1,473 | (2,117) | |
| Net income (loss) available to common stockholders, diluted: | (1,956) | (267) | 2,314 | 686 | (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) | 2,314 | 686 | (84) | (1,885) | 6,763 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (1,956) | (267) | 2,314 | 686 | (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.