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Ring Energy, Inc.: 10-K filed 2024-03-07

What Ring Energy, Inc. reported in its annual report filed 2024-03-07 (fiscal FY 2023): 43 published measures, 112 facts as tagged in accession 0001628280-24-009691.

This filing

Form
10-K (annual report)
Filed
2024-03-07
Fiscal period
fiscal FY 2023
Accession
0001628280-24-009691 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Ring Energy, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2023-12-311,376,496,392USD
At 2022-12-311,268,999,797USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2023-12-31589,913,492USD
At 2022-12-31607,896,406USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2023-12-31786,582,900USD
At 2022-12-31661,103,391USD
At 2021-12-31300,624,207USD
At 2020-12-31294,765,813USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2023-12-31296,384USD
At 2022-12-313,712,526USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2023-01-01 to 2023-12-31104,864,641USD365
2022-01-01 to 2022-12-31138,635,025USD365
2021-01-01 to 2021-12-313,322,892USD365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2023-01-01 to 2023-12-31198,170,459USD365
2022-01-01 to 2022-12-31196,976,729USD365
2021-01-01 to 2021-12-3172,731,212USD365

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2023-01-01 to 2023-12-31361,056,001USD365
2022-01-01 to 2022-12-31347,249,537USD365
2021-01-01 to 2021-12-31196,305,966USD365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2023-01-01 to 2023-12-3120,986,687USD365
2022-01-01 to 2022-12-31113,208,771USD365
2021-01-01 to 2021-12-31-22,662,130USD365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-222,573,288USD365
2022-01-01 to 2022-12-31-308,881,290USD365
2021-01-01 to 2021-12-31-51,239,400USD365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2023-12-31-9,448,612USD
At 2022-12-31-114,313,253USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2023-01-01 to 2023-12-31190,589,143shares365
2022-01-01 to 2022-12-31121,264,175shares365
2021-01-01 to 2021-12-3199,387,028shares365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2023-01-01 to 2023-12-31195,364,850shares365
2022-01-01 to 2022-12-31141,754,668shares365
2021-01-01 to 2021-12-31121,193,175shares365

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2023-01-01 to 2023-12-310.55USD/shares365
2022-01-01 to 2022-12-311.14USD/shares365
2021-01-01 to 2021-12-310.03USD/shares365

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2023-01-01 to 2023-12-310.54USD/shares365
2022-01-01 to 2022-12-310.98USD/shares365
2021-01-01 to 2021-12-310.03USD/shares365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2023-01-01 to 2023-12-31125,242USD365
2022-01-01 to 2022-12-318,408,724USD365
2021-01-01 to 2021-12-3190,342USD365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2023-12-311,293,420,786USD
At 2022-12-311,180,069,937USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2023-01-01 to 2023-12-318,833,425USD365
2022-01-01 to 2022-12-317,162,231USD365
2021-01-01 to 2021-12-312,418,323USD365

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-31145,780,491USD365
2022-01-01 to 2022-12-31191,744,133USD365
2021-01-01 to 2021-12-3195,756,848USD365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2023-12-3155,910,819USD
At 2022-12-3163,166,464USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2023-01-01 to 2023-12-3143,926,732USD365
2022-01-01 to 2022-12-3123,167,729USD365
2021-01-01 to 2021-12-3114,490,474USD365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2023-12-31113,808,266USD
At 2022-12-31141,794,901USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2023-12-3137,626,348USD
At 2022-12-3140,480,684USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2023-12-3138,965,002USD
At 2022-12-3142,448,719USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2023-12-316,136,935USD
At 2022-12-319,250,717USD

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2023-12-31196,837,001shares
At 2022-12-31175,530,212shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2023-12-31296,384USD
At 2022-12-313,712,526USD
At 2021-12-312,408,316USD
At 2020-12-313,578,634USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2023-12-31795,834,675USD
At 2022-12-31775,241,114USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2023-12-312,499,592USD
At 2022-12-311,735,013USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2023-12-312,622,217USD
At 2022-12-311,872,259USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2023-12-311,670,673,358USD
At 2022-12-311,470,005,196USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2023-12-31377,252,572USD
At 2022-12-31289,935,259USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2023-12-3122,088,838USD
At 2022-12-3127,110,376USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2023-12-310USD
At 2022-12-3114,807,276USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

PeriodValueUnitDays
At 2023-12-31104,266,134USD
At 2022-12-3163,488,809USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2023-01-01 to 2023-12-31104,989,883USD365
2022-01-01 to 2022-12-31147,043,749USD365
2021-01-01 to 2021-12-313,413,234USD365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2023-01-01 to 2023-12-3129,188,755USD365
2022-01-01 to 2022-12-3127,095,323USD365
2021-01-01 to 2021-12-3116,068,105USD365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2023-01-01 to 2023-12-31364,024USD365
2022-01-01 to 2022-12-31205,600USD365
2021-01-01 to 2021-12-31124,961USD365

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2023-01-01 to 2023-12-3188,610,291USD365
2022-01-01 to 2022-12-3155,740,767USD365
2021-01-01 to 2021-12-3137,167,967USD365

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-40,790,608USD365
2022-01-01 to 2022-12-31-44,700,384USD365
2021-01-01 to 2021-12-31-92,343,614USD365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2023-01-01 to 2023-12-3138,009,164USD365
2022-01-01 to 2022-12-3119,818,623USD365
2021-01-01 to 2021-12-3114,110,421USD365

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2023-01-01 to 2023-12-3112,301,596USD365
2022-01-01 to 2022-12-318,203,126USD365
2021-01-01 to 2021-12-31367,509USD365

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-1,154,085USD365
2022-01-01 to 2022-12-3117,214,150USD365
2021-01-01 to 2021-12-319,483,639USD365

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-3,113,782USD365
2022-01-01 to 2022-12-315,597,845USD365
2021-01-01 to 2021-12-310USD365

Inspect the source

Entity
Ring Energy, Inc. / CIK 0001384195
Captured
2026-09-20T07:58:40.870Z
SEC response SHA-256
c2ad7dddd313ed88d796859f1956ff891db07a6bc93012a8b160bb8b99ab20d4

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001384195.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))