Ring Energy
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Ring Energy's past years’ income statements indicate that its last revenue has increased compared to the previous period by 4% to $361,056,001. Profit margin reached 29%. Total operating expenses were $31,156,242.
Profit Margin
| 2014 | 38.08M | 8.42M | 22.11% |
|---|---|---|---|
| 2015 | 31.01M | -9.05M | -29.19% |
| 2016 | 30.85M | -37.63M | -122% |
| 2017 | 66.69M | 1.75M | 2.63% |
| 2018 | 120.06M | 8.99M | 7.5% |
| 2019 | 195.70M | 29.49M | 15.07% |
| 2020 | 113.02M | -253.41M | -224.21% |
| 2021 | 196.30M | 3.32M | 1.69% |
| 2022 | 347.24M | 138.63M | 39.92% |
| 2023 | 361.05M | 104.86M | 29.04% |
REI Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 361.05M | 347.24M | 196.30M | 113.02M | 195.70M | 120.06M | 66.69M | 30.85M | 31.01M | 38.08M |
Cost of revenue | 184.11M | 127.06M | 83.73M | 86.40M | 114.75M | 72.45M | 39.64M | 22.85M | 26.60M | 18.56M |
Gross profit | 176.93M | 220.18M | 112.56M | 26.62M | 80.94M | 47.60M | 27.05M | 7.99M | 4.41M | 19.52M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 541.80K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 31.15M | 28.44M | 16.81M | 17.78M | 20.81M | 13.47M | 11.08M | 8.51M | 8.41M | 6.95M |
Operating income | 145.78M | 191.74M | 95.75M | 8.84M | 60.13M | 19.96M | 15.96M | -57.03M | -13.31M | 12.57M |
Other income (expenses), net | -40.79M | -44.70M | -92.34M | 9.24M | -16.85M | -21.35M | -3.79M | -56.51M | -742.15K | 85.96K |
Income before tax | 104.98M | 147.04M | 3.41M | -259.41M | 43.28M | 12.44M | 12.17M | -57.62M | -14.05M | 12.65M |
Income tax expense | 125.24K | 8.40M | 90.34K | -6.00M | 13.78M | 3.44M | 10.41M | -19.98M | -5.00M | 4.23M |
Net income | 104.86M | 138.63M | 3.32M | -253.41M | 29.49M | 8.99M | 1.75M | -37.63M | -9.05M | 8.42M |
Earnings per share | ||||||||||
Basic EPS | 0.55 | 1.14 | 0.03 | -3.48 | 0.44 | 0.15 | 0.03 | -0.97 | -0.32 | 0.34 |
Diluted EPS | 0.54 | 0.98 | 0.02 | -3.48 | 0.44 | 0.15 | 0.03 | -0.97 | -0.32 | 0.33 |
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