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Ring Energy Inc$1.30($.19)(12.75%)

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Income Statement for Ring Energy Inc
(Amounts are in millions) 12/2018 12/2017 12/2016
Press Release Press Release Press Release
Net Sales or Revenues $120.07 $66.70 $30.85
Cost of Goods Sold $33.43 $19.13 $11.37
Gross Profit $86.63 $47.57 $19.48
       
Research & Development Expense $0.00 $0.00 $0.00
Selling, General, & Admin. Expense $27.04 $10.52 $64.54
Income Before Depreciation $59.59 $37.05 ($45.06)
       
Depreciation, Depletion, Amortization $39.63 $21.09 $11.97
Non-Operating Income ($7.09) ($3.80) $0.06
Interest Expense $0.43 $0.00 $0.65
Pretax Income $12.45 $12.17 ($57.63)
       
Provision for Income Taxes $3.45 $10.42 ($19.99)
Minority Interest $0.00 $0.00 $0.00
Investment Gains (Losses) $0.00 $0.00 $0.00
Other Income $0.00 $0.00 $0.00
Income Before Extraordinaries $9.00 $1.75 ($37.64)
       
Extraordinary Items & Disc. Operations $0.00 $0.00 $0.00
Net Income $9.00 $1.75 ($37.64)
       
Basic Earnings Per Share $0.15 $0.03 ($0.97)
Diluted Earnings Per Share $0.15 $0.03 ($0.97)
       
Weighted Average Basic Shares Outstanding 59.53 51.38 38.71
Weighted Average Diluted Shares Outstanding 60.85 52.81 38.71
       
Income Before Non-Recurring Items $28.20 $11.29 ($0.87)
Income From Non-Recurring Items ($19.20) ($9.53) ($36.77)
Diluted Earnings Per Share before extras $0.47 $0.21 ($0.02)
       
Dividend (preferred) N/A N/A N/A
Dividend (common) $0.00 $0.00 $0.00
Dividend Per Share (common) $0.00 $0.00 $0.00




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