Reserve Petroleum Co (RSRV) financial statements (2022 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)

12/31/2021
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 investments19,27220,23921,80123,13221,69921,98922,990
Cash and cash equivalents10,12916,1872,7386,4284,7688,07213,937
Short-term investments9,1424,05219,06316,70316,93113,9179,053
Receivables2,1861,2911,0781,0811,3321,3011,133
Total current assets:21,45821,53022,88024,21323,03123,29124,123
Noncurrent Assets
Property, plant and equipment7,5587,4779,51411,18510,64810,92812,223
Long-term investments and receivables4,2183,0202,6432,5712,6242,7291,842
Long-term investments4,2183,0202,6432,5712,6242,7291,842
Other noncurrent assets112120687    
Total noncurrent assets:11,88810,61812,84513,75613,27313,65814,065
TOTAL ASSETS:33,34632,14835,72437,96936,30436,94938,188
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities261248157318235162226
Accounts payable261248157318235162226
Other liabilities263152525252638
Total current liabilities:524263182344260187264
Noncurrent Liabilities
Liabilities, other than long-term debt2,9112,3792,7392,9842,6933,2223,291
Asset retirement obligations2,3601,8111,8221,7741,7751,7111,677
Deferred tax liabilities, net1,2109181,5111,614
Deferred income tax liabilities551569917
Other undisclosed noncurrent liabilities1121206761,0571,2291,2781,408
Total noncurrent liabilities:3,0242,4993,4154,0423,9214,5004,699
Total liabilities:3,5472,7623,5974,3854,1824,6874,963
Stockholders' equity
Stockholders' equity attributable to parent29,79929,38532,12733,58332,12232,26133,225
Common stock92929292929292
Treasury stock, value(1,748)(1,693)(1,690)(1,598)(1,533)(1,497)(1,408)
Additional paid in capital65656565656565
Retained earnings31,38930,92133,66035,02433,49733,60134,475
Total stockholders' equity:29,79929,38532,12733,58332,12232,26133,225
TOTAL LIABILITIES AND EQUITY:33,34632,14835,72437,96936,30436,94938,188

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9,1164,0826,6288,3276,3106,2918,451
Revenue, net6,3106,2918,451
Cost of revenue(5,477)(5,278)(5,202)(2,392)(2,190)(2,141)(2,601)
Cost of goods and services sold(2,722)(1,878)(2,334)(2,392)(2,190)(2,141)(2,601)
Gross profit:3,640(1,195)1,4265,9364,1204,1505,850
Operating expenses(2,999)(1,960)(2,431)(6,370)(6,828)(6,871) 
Other undisclosed operating income (loss)   2,3922,1902,141(9,316)
Operating income (loss):641(3,156)(1,005)1,957(518)(580)(3,466)
Nonoperating income71077560382968330070
Other nonoperating income 77560382968330070
Income (loss) from continuing operations before equity method investments, income taxes:1,350(2,381)(402)2,786165(280)(3,396)
Income (loss) from equity method investments(154)(110)(88)(84)(62)2338
Income (loss) from continuing operations before income taxes:1,196(2,491)(490)2,702103(257)(3,358)
Income tax expense (benefit)55534223(388)5831731,473
Net income (loss) available to common stockholders, diluted:1,251(1,956)(267)2,314686(84)(1,885)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,251(1,956)(267)2,314686(84)(1,885)
Comprehensive income (loss), net of tax, attributable to parent:1,251(1,956)(267)2,314686(84)(1,885)

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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