Ring Energy, Inc.
Balance Sheet
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $3.4M | $15.0M | $4.4M | $8.6M | $52.4M | $5.4M | $11.4K | $0 |
| Accounts Receivable | $12.8M | $3.5M | $2.5M | $3.6M | $3.9M | $-326.9K | $91.0K | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $29.1M | $75.2M | $8.7M | $15.1M | $56.3M | $5.9M | $223.7K | $934.0K |
| Property, Plant & Equipment | $373.6M | $211.9M | $241.3M | $152.6M | $55.4M | $22.6M | $6.5M | — |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $414.1M | $307.6M | $250.9M | $167.6M | $111.7M | $28.5M | $6.7M | $939.8K |
| Liabilities | ||||||||
| Accounts Payable | $44.5M | $9.1M | $11.0M | $16.2M | $6.2M | $1.2M | $100.3K | $5.4K |
| Total Current Liabilities | $48.4M | $9.1M | $11.3M | $16.3M | $7.2M | $1.2M | $477.1K | $6.6K |
| Long-Term Debt | — | — | $45.9M | — | — | — | — | — |
| Total Liabilities | $57.5M | $17.1M | $64.6M | $25.1M | $9.1M | $2.3M | $5.6K | $6.6K |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-41.4M | $-44.7M | $-7.1M | $2.0M | $-6.4M | $-6.0M | $-4.3M | — |
| Total Stockholders' Equity | $356.6M | $290.5M | $186.2M | $142.5M | $102.6M | $26.2M | $-4.1M | $933.2K |