Ring energy, inc. (REI)
CashFlow / Quarterly
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'11Apr'11Mar'11
Cash Flows From Operating Activities
Net income

43,804

-3,856

9,888

19,195

4,269

-7,079

5,693

4,719

5,665

-4,509

3,073

1,910

1,279

-477

-5,944

-15,941

-15,275

-7,473

-1,138

534

-975

-

-

-

-

-

-

-

-

-

-

-

-

378

-290

-25

8

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,726

2,821

1,163

-

-

-

-965

133

-631

-541

-630

-

117

-16

-

-23

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation, depletion and amortization

13,682

14,544

14,115

14,615

12,929

10,448

10,930

9,144

8,501

7,084

4,823

5,136

3,474

2,941

2,568

2,579

3,394

3,648

4,668

3,205

3,654

2,304

4,494

3,477

1,530

626

917

396

343

213

117

94

81

88

-1

1

2

0

Ceiling test impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

9,648

25,451

21,412

9,312

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion expense

231

262

236

229

215

113

167

164

161

147

109

173

137

127

125

124

109

168

103

79

66

50

42

37

24

16

13

11

11

-

-

-

-

-

-

-

0

-

Amortization of deferred financing costs

189

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-

-

-

-

-

Accretion expenses.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

-

Share-based compensation

673

646

792

808

834

779

1,007

1,002

1,081

922

959

812

991

619

555

507

584

604

650

656

654

586

630

640

659

890

896

885

815

237

261

154

290

-

-

0

0

0

Deferred income tax provision

-12,028

-2,002

-2,448

-3,131

-1,918

1,851

-1,321

-1,259

-1,809

-479

-1,595

-864

-923

-1,836

3,266

9,586

8,971

4,153

684

-406

572

-

-

-

-683

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax deficiency related to share-based compensation

-421

-9,001

673

7,418

-2,946

-473

724

0

-1,158

134

225

105

-416

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of derivative instruments

47,086

-6,066

1,877

1,530

-340

6,424

-566

-1,099

-790

-4,034

65

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40

-52

-

-

-

-

-

Gain on derivative put options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

0

-

Gain on change in value of Ring Energy, Inc. common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Interest expense on advances from Ring Energy, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Provision for incomes taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Changes in assets and liabilities:
Accounts receivable

-6,915

2,940

-2,752

-5,961

15,808

-231

776

-1,407

195

5,375

-344

3,828

1,119

331

-142

487

-904

-1,246

-1,264

793

-445

1,934

-414

1,899

-1,007

4,774

-1,258

20

-66

366

-40

102

-102

64

-70

-33

4

-

Write-off of website costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

Management fees.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

Interest expense.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Loss on impairment.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

(Increase) in note interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

(Increase) in oil production receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

Prepaid expenses and retainers

-3,584

-4,182

-328

6,569

-180

-190

-129

804

-166

-165

-160

219

-161

-171

-159

183

-187

-97

-110

1,025

-10

-56

-42

211

-18

13

24

-30

-2

-115

105

-56

-20

-102

-18

0

0

0

(Increase) decrease in deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

Accounts payable

-6,614

-

-

-

2,111

-

-

-

-32,653

5,249

-297

2,662

4,761

1,663

3,880

-3,692

-4,086

3,808

525

68

-9,332

7,105

503

-1,015

2,438

-

-

-

-

-

-

-

-

3

2

-1

-

-3

Settlement of asset retirement obligation

-293

-680

-230

-277

-107

-125

-186

-115

-149

-161

-295

-300

-8

-232

-6

0

-1

-

-

-

-

-362

28

0

294

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,216

1,349

-509

-

1,255

-110

413

-209

258

18

6

-

Accrued compensation.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-100

-

-

0

-

-

Increase (decrease) in operating costs payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

Net Cash Provided by Operating Activities

27,537

44,028

27,176

25,581

9,829

18,352

18,726

46,941

-13,664

14,503

10,180

7,105

11,016

6,319

7,864

-1,228

-1,741

6,812

5,502

3,130

-6,048

11,720

8,955

5,507

7,525

3,066

3,679

1,743

-373

-542

1,019

-392

-116

-243

318

-42

26

-30

Cash Flows From Investing Activities
Payments to purchase oil and natural gas properties

480

-259,861

-4,858

254,762

13,358

565

820

2,208

1,061

1,766

2,188

20,802

3,924

4,038

4,350

1,161

643

710

508

75,729

954

2,616

1,463

2,852

8,121

1,066

2,374

1,865

-114

3,808

-96

-16

-11

-

-

-2,073

0

0

Payments to develop oil and natural gas properties

24,463

30,121

40,952

38,823

42,228

40,800

44,562

78,425

35,081

37,104

38,391

29,387

19,796

10,363

9,574

3,357

3,258

9,980

8,634

4,148

8,667

29,221

23,614

23,465

13,858

11,746

11,832

6,893

-1,368

11,244

-4,237

-360

-114

-

-

-15

0

-

Proceeds from disposal of fixed assets subject to depreciation

-

-

-

-

-

0

0

90

14

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of fixed assets subject to depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

14

151

164

352

360

115

123

-

-

-

-

339

0

-9

-169

-

-

-

0

-

Purchase of inventory for development

-

-

-

-

-

-

-

-

-

1,398

0

0

2,816

1,582

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payables assumed.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Website costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchase of office equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

Net Cash Used in Investing Activities

-24,943

-37,774

-36,093

-293,585

-55,586

-41,366

-45,382

-80,543

-36,128

-40,295

-40,702

-50,377

-26,537

-15,985

-13,933

-4,519

-3,901

-10,504

-9,343

-80,029

-9,786

-32,153

-25,475

-26,433

-22,103

-12,874

-14,234

-5,846

-1,483

-5,362

-4,333

-385

-295

-1,319

-2,063

-2,088

0

0

Cash Flows From Financing Activities
Amounts paid for registration statement for future offerings

-

-

-

-

-

-

-

-

-

-

-

-9

-147

-

-

0

0

-

-

-

-

-

-

-

61

-

-

-

-

-

-

-

-

-

-

-

-

-

Plugging and abandonment cost incurred

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from revolving line of credit

0

0

6,000

276,000

45,000

22,500

17,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,073

-

-

Proceeds from borrowings from Ring Energy, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

625

525

850

0

0

0

-

Proceeds from borrowings under revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,053

-

0

-

Proceeds from issuance of common stock

-

-

-

-

-

6

-4

-2

81,822

-77

59,104

0

0

-

-

-

-

-

-

-

-

-

-

-

-

54,222

-8

18,537

450

-

-

-

-

0

0

0

0

-

Proceeds from option exercise

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

90

22

4

67

0

62

0

192

0

22

-

-

-

-

-

-

-

-

-

-

-

-

-

Reduction of financing lease liabilities

67

66

62

24

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,000

-

0

30,900

10,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Capital contributions from shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

0

50

0

-

Capital distributions to owners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-26

-

Proceeds from related party payables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Payments on related party payables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Issuance of common stock, net of costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net Cash Provided by (Used in) Financing Activities

-67

-3,848

5,937

275,975

45,000

22,606

16,995

-2

81,822

-77

59,261

-9

-147

78,503

-10

10,264

5,022

5,004

1,191

79,815

10,062

-11

51

28,728

-39

54,290

-8

18,537

450

1,463

6,545

7,268

525

1,469

1,830

2,123

-26

0

Net Change in Cash

2,526

2,405

-2,979

7,972

-756

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Change in Cash

-

-

-

-

-

-

-

-

32,029

-

28,739

-43,281

-15,668

68,837

-6,079

4,517

-620

1,313

-2,649

2,917

-5,772

-20,444

-16,468

7,802

-14,617

44,482

-10,564

14,434

-1,406

-4,442

3,231

6,490

112

-94

84

-8

0

-30

Supplemental Cash Flow Information
Cash paid for interest

4,211

4,542

4,888

223

708

269

10

0

44

0

0

0

0

84

95

116

352

409

17

0

0

-

-

-

-

-

-

-

-

128

0

0

93

91

-8

8

0

0

Noncash Investing and Financing Activities
Asset retirement obligation incurred during development

66

29

160

266

175

253

358

319

380

450

370

232

244

60

161

47

39

47

79

13

31

801

482

438

299

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Elimination of note payable to Ring Energy, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

Less: Prepaid expenses acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

Proceeds from issuance of common stock to Ring Energy, Inc. shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Principal payments on revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

Asset retirement obligations assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-105

-101

-62

0

-

Payments with Ring Energy, Inc. shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-280

-40

-40

0

-

Derivative put option incurred

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-204

-72

-72

0

-

Cash payments for oil and natural gas properties acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-824

3,895

2,073

0

-

Issuance of common stock to Ring Energy, Inc. shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

Cash at Beginning of Period

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

-

-

Oil and natural gas properties acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-254

4,110

2,248

0

-

Accounts receivable acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Deferred tax liability assumed (net)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Accounts payable assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-32

0

0

0

-

Less: Tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Asset retirement obligation revision of estimate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

211

0

0

0

0

-

-

-

-

-

Capitalized expenditures attributable to drilling projects financed through current liabilities

6,200

-11,788

-14,841

7,195

34,605

2,000

5,000

6,000

13,000

18,000

-3,000

3,300

4,700

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Use of inventory in property development

-

-

-

-

-

-

-

-

-

2,432

843

1,833

687

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of oil and gas properties
Acquisition payable to be settled through equity

0

-

-

-

28,356

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition payable to be settled through cash payment

0

-

-

-

256,877

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Property and equipment acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

Proceeds from issuance of common stock to Ring Energy, Inc. shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Capital contribution of Ring Energy, Inc. common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120

40

40

0

-

Imputed interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

Forgiveness of related party payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0