Ring energy, inc. (REI)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current Assets
Cash

12,531

10,004

7,599

10,578

2,606

3,363

3,770

13,431

47,036

15,006

40,876

12,136

55,418

71,086

2,249

8,328

3,811

4,431

3,118

5,767

2,850

8,622

29,066

45,535

37,732

52,350

7,867

18,431

3,997

5,404

9,846

6,614

8,014

11

620

885

931

Accounts receivable

12,027

22,909

18,291

21,777

27,941

12,643

11,575

11,344

13,447

12,833

7,634

8,010

4,756

3,453

2,965

2,919

2,373

2,507

2,660

4,020

2,853

3,616

2,992

4,780

2,881

3,888

1,722

463

484

417

130

90

-

91

-

-

-

Joint interest billing receivable

2,444

1,812

2,025

1,291

2,553

578

1,877

1,331

636

1,054

877

845

271

454

611

800

859

1,629

2,722

2,627

3,001

2,683

1,373

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Derivative receivable

3,334

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease asset

1,577

1,867

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative asset

34,056

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

-

1

1

1

Prepaid expenses and retainers

397

3,982

3,340

3,479

3,013

258

379

437

131

229

327

419

132

226

330

422

170

146

320

1,175

149

160

216

259

47

66

68

93

63

60

120

150

1

121

1

1

1

Total Current Assets

64,792

38,708

33,811

38,611

36,532

16,844

17,602

26,545

61,250

29,123

49,715

21,412

60,578

75,220

6,156

12,470

7,213

8,714

8,822

13,591

8,854

15,083

33,649

50,575

40,661

56,305

9,658

18,989

4,545

5,882

10,097

6,856

8,042

223

623

887

934

Properties and Equipment
Oil and natural gas properties subject to amortization

1,100,005

1,083,966

1,059,284

1,037,871

990,608

641,121

597,810

547,069

483,115

433,591

373,837

335,043

279,486

250,133

235,671

231,234

252,119

269,590

266,979

257,757

175,689

166,036

133,091

107,371

80,615

58,040

45,055

30,606

24,746

23,051

12,318

7,283

-

6,597

0

-

-

Financing lease asset subject to depreciation

858

858

947

637

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory for property development

-

-

-

-

-

-

-

-

-

-

1,033

1,877

3,711

1,582

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fixed assets subject to depreciation

1,465

1,465

1,465

1,465

1,465

1,465

1,465

1,465

1,848

1,884

1,858

1,735

1,549

1,549

1,549

1,539

1,539

1,539

1,539

1,525

1,374

1,209

857

497

381

257

257

229

175

175

194

194

-

11

-

5

-

Total Properties and Equipment

1,102,329

1,086,290

1,061,697

1,039,974

992,073

642,586

599,276

548,534

484,963

435,475

376,729

338,656

284,747

253,265

237,220

232,774

253,659

271,130

268,519

259,283

177,063

167,246

133,948

107,869

80,997

58,298

45,313

30,836

24,921

23,227

12,512

7,477

-

6,608

-

-

-

Accumulated depreciation, depletion and amortization

170,757

157,074

142,235

128,120

113,505

100,576

90,127

79,196

70,344

61,864

54,780

49,957

44,821

41,347

38,405

35,837

33,258

29,863

26,215

21,547

18,342

14,688

-12,383

-7,888

-4,410

2,880

-2,253

-1,336

-939

-596

-382

-265

-

-89

-

-

-

Net Properties and Equipment

931,572

929,216

919,461

911,853

878,568

542,010

509,148

469,338

414,618

373,611

321,949

288,698

239,926

211,918

198,814

196,936

220,400

241,266

242,303

237,736

158,721

152,558

121,565

99,980

76,586

55,418

43,059

29,499

23,981

22,630

12,130

7,212

-

6,519

-

0

-

Derivative asset

10,030

0

-

-

-

-

-

-

-

-

65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Income Taxes

-

-

0

0

2,921

7,786

6,407

7,004

8,263

11,232

18,180

19,549

20,308

20,051

21,888

18,622

9,035

64

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Financing Costs

3,025

3,214

3,403

3,592

353

424

494

565

67

135

203

270

338

406

473

541

609

820

744

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refundable lease deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

-

-

-

-

-

Office furniture (net)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-

4

-

5

Related party notes and interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,391

-

-

-

0

Oil and gas leasehold interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82

-

-

-

-

Total Non-current Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,474

-

-

-

-

Total Assets

1,010,998

973,006

957,357

954,057

918,376

567,065

533,654

503,453

484,201

414,102

390,113

329,932

321,151

307,597

227,333

228,570

237,259

250,866

251,870

251,327

167,576

167,641

155,215

150,555

117,247

111,723

52,718

48,488

28,527

28,513

22,228

14,143

9,521

6,742

627

892

939

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable

39,051

54,635

51,813

67,258

63,862

51,910

42,485

36,887

24,822

44,475

21,225

24,523

18,561

9,099

7,435

3,554

7,246

11,023

7,525

6,999

6,930

16,241

8,727

7,944

7,346

6,229

5,248

2,031

-

1,191

1,595

413

-

100

-

-

-

Financing lease liability

284

280

272

204

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability

1,056

1,175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset retirement obligations

-

-

-

-

-

-

-

-

-

-

414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,054

798

719

496

303

284

-

274

-

-

-

Other accured liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

309

0

0

0

22

429

709

2,323

1,002

-

-

-

0

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

681

-

-

-

29

-

2

-

5

Accrued compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

100

-

-

-

Accrued Payable To Investors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

-

-

-

-

-

-

Derivative liabilities

0

3,000

-

-

340

0

6,424

5,858

4,758

3,968

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

130

183

-

276

-

-

-

Revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

-

-

-

-

-

Oil and gas drilling and operating costs payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Total Current Liabilities

40,392

59,092

52,255

67,756

92,976

51,910

48,910

42,746

29,581

48,443

21,639

24,523

18,561

9,099

7,435

3,554

7,246

11,333

7,525

6,999

6,930

16,263

9,157

8,654

9,669

7,231

5,248

2,031

681

1,191

1,798

5,596

29

477

2

0

6

Deferred income taxes

18,451

6,001

3,448

643

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving line of credit

366,500

366,500

366,500

360,500

84,500

39,500

17,000

-

-

-

-

-

-

-

-

-

-

45,900

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

9,244

-

-

-

Financing lease liability, less current portion

352

424

588

409

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability, less current portion

521

691

169

294

417

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition liability to be settled through refinancing into credit facility

-

-

-

-

256,877

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable to Ring Energy, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

853

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,088

4,772

4,366

4,939

4,058

3,044

1,387

703

625

625

625

625

-

-

-

0

-

-

-

Long term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

50,900

-

40,900

40,900

10,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset retirement obligations

16,792

16,787

16,703

16,536

16,318

13,055

10,155

9,815

9,447

9,055

8,205

8,434

8,329

7,957

8,002

7,722

7,549

7,401

6,261

6,264

3,995

3,896

2,792

2,276

1,801

1,182

-

-

-

-

-

-

-

-

-

-

-

Total Liabilities

443,010

449,496

439,495

445,846

450,673

104,466

76,065

52,562

39,028

57,499

29,845

32,958

26,890

17,056

15,438

11,276

65,696

64,635

58,775

58,937

25,292

25,098

6,851

5,321

3,188

9,117

1,680

1,424

1,345

1,122

303

284

29

10,372

2

0

6

Stockholders' Equity
Preferred stock - $0.001 par value; 50,000,000 shares authorized; no shares issued or outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

Common stock - $0.001 par value; 150,000,000 shares authorized; 67,993,797 shares and 67,993,797 shares issued and outstanding, respectively

67

67

67

67

63

63

60

60

60

54

54

49

49

49

41

41

30

30

30

30

25

25

25

25

23

23

17

17

14

14

12

10

5

3

3

3

3

Additional paid-in capital

526,975

526,301

525,679

524,887

495,726

494,892

482,804

481,801

480,801

397,904

397,060

336,843

336,041

335,197

256,082

255,536

193,875

193,269

192,659

190,817

141,249

140,532

139,905

139,005

109,638

109,018

53,742

52,854

33,435

32,169

26,230

13,738

10,613

204

1,671

1,671

1,671

Retained earnings (accumulated deficit)

40,944

-2,859

-7,886

-16,744

-28,086

-32,355

-25,276

-30,970

-35,690

-41,355

-36,845

-39,919

-41,830

-44,705

-44,228

-38,284

-22,343

-7,068

404

1,543

1,008

1,984

-724

-2,450

-5,272

-6,436

-7,970

-7,839

-6,949

-5,983

-6,117

-5,486

-

-4,314

-

-

-

Deficit accumulated during the development stage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,127

-

-1,049

-782

-742

Total Stockholders' Equity

567,987

523,509

517,861

508,210

467,703

462,599

457,588

450,891

445,172

356,603

360,268

296,973

294,260

290,540

211,895

217,294

171,562

186,231

193,094

192,390

142,284

142,542

139,206

136,580

104,389

102,605

45,789

45,033

26,500

26,199

20,126

8,262

9,491

-4,106

625

892

933

Total Liabilities and Stockholders' Equity

1,010,998

973,006

957,357

954,057

918,376

567,065

533,654

503,453

484,201

414,102

390,113

329,932

321,151

307,597

227,333

228,570

237,259

250,866

251,870

251,327

167,576

167,641

155,215

150,555

117,247

111,723

52,718

48,488

28,527

28,513

22,228

14,143

9,521

6,742

627

892

939