RING ENERGY, INC. company info

CIK 1384195
IRS Number 980495938
State of incorporation NV
Business address 6555 SOUTH LEWIS STREET
Mail address 6555 SOUTH LEWIS STREET

Short summary

RING ENERGY, INC. is a Oklahoma company, with head office located at 6555 South Lewis Street Tulsa, Oklahoma 74136. The company achieved a record breaking net income last year - 9.00 million USD. This is 413.14% higher than one reported in 2017. In 2018 the company owned a total of 925.20 million USD worth of assets, including 36.53 million USD worth of current assets. The company amassed the most assets last year, totalling up to 925.20 million USD.

RING ENERGY, INC. Income Statement

Name [in Millions USD]200420052006200720082009201020112012201320142015201620172018Trends
Cost of Goods and Services Sold 9.8715.9827.80
Operating Income (Loss) -0.06-0.33-2.03-0.3912.57-13.31-57.0315.9719.96
Interest expense 000.220.0100.750.6500.43
Investment Income, Interest and Dividend 0.000.01
Income Tax Expense (Benefit) 0.30-0.084.24-5.00-19.9910.423.45
Net income -0.08-0.32-1.67-0.458.42-9.05-37.641.759.00

RING ENERGY, INC. Balance Sheet

Name [in Millions USD]200420052006200720082009201020112012201320142015201620172018Trends
Cash and cash equivalents 00.950.896.6118.4345.545.778.3312.3413.432.61
Accounts Receivable, Net, Current 0.090.462.884.022.928.0111.3427.94
Property, Plant and Equipment, Gross 7.4830.84107.87259.28232.77338.66548.53992.07
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment -0.27-1.34-7.8921.5535.8449.9679.20113.51
Total assets 0.8914.1448.49150.56251.33228.57329.93503.45925.20
Current assets 0.896.8618.9950.5813.5912.4721.4126.5536.53
Non-current assets 1.47
Accounts payable 0.412.037.947.003.5524.5236.8963.86
Total current liabilities 05.602.038.657.003.5524.5242.7592.98
Long-term Debt 40.9000
Deferred income taxes 00.633.044.770
Total liabilities 00.039.1258.9411.2832.9652.56450.67
Common Stock, Value, Issued
Retained Earnings (Accumulated Deficit) -5.49-7.84-2.451.54-38.28-39.92-30.97-21.27


Name [in Millions USD]200420052006200720082009201020112012201320142015201620172018Trends
Net income -0.08-0.32-1.67-0.458.42-9.05-37.641.759.00
Depreciation and amortization
Depreciation and amortization 0.512.2811.8115.1811.4820.5239.02
Depreciation and amortization
Deferred Income Tax Expense (Benefit) -0.300.084.24-5.00-19.9910.423.45
Accounts receivable -0.333.472.41-2.16-0.239.98-0.67
Accounts payable 1.08
Net Cash Provided by (Used in) Operating Activities -0.06-0.32-
Payments to Acquire Property, Plant, and Equipment 00-0.190
Net Cash Provided by (Used in) Investing Activities 0-0.85-10.38-34.44-109.66-38.34-157.91-203.42
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -10.38-34.44-106.21-110.11-38.34
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0
Proceeds from Issuance of Common Stock 13.0173.2028.5150.04139.5759.0381.82
Payments for Repurchase of Common Stock -4.490
Net Cash Provided by (Used in) Financing Activities 04.6715.8073.2796.0793.7859.03121.42
Cash and Cash Equivalents, Period Increase (Decrease) -0.063.495.3946.95-43.73-4.1966.66-56.08-11.64