RING ENERGY, INC. (REI)
Ring Energy, Inc. operates as an oil and natural gas exploration and production firm, concentrating its efforts on the acquisition, development, and extraction of these resources across Texas and New Mexico. By the close of 2021, specifically December 31st, the company had established proved reserves totaling roughly 77.8 million barrels of oil equivalent. Its asset portfolio includes significant acreage: 18,882 net developed acres alongside 1,406 net undeveloped acres in Texas's Andrews and Gaines counties; an additional 18,437 net developed acres situated in Culberson and Reeves counties, Texas; and a combined 13,662 net developed acres with 11,993 net undeveloped acres located across Yoakum, Runnels, and Coke Counties in Texas, as well as Lea County, New Mexico. The company's oil and natural gas output is primarily distributed to end-users, marketing firms, and other various buyers. Incorporated in 2004, Ring Energy, Inc. was initially known as Transglobal Mining Corp. until its name was officially changed in March 2008. The company's principal office is located in The Woodlands, Texas.
Sector: Crude Petroleum & Natural Gas
Industry: Oil & Gas Exploration & Production
Ring Energy, Inc.
NYSE:REIEnergy · Oil & Gas Exploration & Production
-0.70%$1.42
AH Close$1.39-2.11%vs close
AH Close$1.39-2.11%vs close
Mkt Cap$369.97M
Float171.66M
O/S260.54M
Inst Own47.2%
SI5.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$307.18M
Net Income-$34.73M
Total Assets$1.51B
Free Cash Flow$52.93M
Debt & Equity
Debt 34%
Equity 66%
Total Debt$423.24M
Total Equity$836.28M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in REI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.51B
Liabilities$677.21M
Accounts Receivable$32.56M
Accounts Payable$97.52M
Inventory$5.31M
PP&E (Net)$1.33B
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-09-30 | 2007-09-30 | 2006-09-30 |
| Revenue | $307.18M | $366.33M | $361.06M | $347.25M | $196.31M | $113.03M | $195.7M | $120.07M | $66.7M | $30.85M | $31.01M | $38.09M | $10.32M | $1.76M | $3K | $8K | $0 | $0 | $0 | $0 |
| YoY Growth | -16.1% | 1.5% | 4.0% | 76.9% | 73.7% | -42.2% | 63.0% | 80.0% | 116.2% | -0.5% | -18.6% | 269.2% | 487.0% | 66875.8% | -68.3% | - | - | - | - | - |
| Cost of Revenue | $120.71M | $202.41M | $184.66M | $127.43M | $83.74M | $85.21M | $114.76M | $72.46M | $39.65M | $22.86M | $26.6M | $18.56M | $3.97M | $1.38M | $600 | $10K | $0 | $0 | $0 | $0 |
| Gross Profit | $186.47M | $163.92M | $176.39M | $219.82M | $112.57M | $27.82M | $80.95M | $47.61M | $27.05M | $7.99M | $4.41M | $19.53M | $6.35M | $382K | $2K | -$2K | $0 | $0 | $0 | $0 |
| Gross Margin | 60.7% | 44.7% | 48.9% | 63.3% | 57.3% | 24.6% | 41.4% | 39.7% | 40.6% | 25.9% | 14.2% | 51.3% | 61.5% | 21.7% | 77.1% | -19.6% | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $31.93B | $29.64M | $29.19M | $27.1M | $16.07M | $18.07M | $19.87M | $12.87M | $10.52M | $8.03M | $8M | $6.8M | $6.68M | $2.39M | $323K | $54K | $118K | $124K | $109K | $27K |
| Other | -$31.82B | $1.38M | $1.43M | $983K | $744K | $278.41M | $944K | $606K | $568K | $487K | $418K | $155K | $54K | $21K | $5K | $3K | $5K | $0 | $6K | $604 |
| Total Operating Expenses | $111.98M | $31.02M | $30.61M | $28.08M | $16.81M | $296.48M | $20.81M | $13.47M | $11.08M | $8.51M | $8.41M | $6.96M | $6.74M | $2.41M | $328K | $57K | $123K | $124K | $115K | $28K |
| Operating Income (EBIT) | $74.49M | $132.9M | $145.78M | $191.74M | $95.76M | -$268.66M | $60.14M | $19.96M | $15.97M | -$57.03M | -$13.31M | $12.57M | -$389K | -$2.03M | -$326K | -$59K | -$123K | -$124K | -$115K | -$28K |
| Operating Margin | 24.2% | 36.3% | 40.4% | 55.2% | 48.8% | -237.7% | 30.7% | 16.6% | 23.9% | -184.9% | -42.9% | 33.0% | -3.8% | -115.6% | -12441.1% | -713.2% | - | - | - | - |
| Interest Expense | $40.43M | $43.31M | $43.93M | $23.17M | $14.49M | $17.62M | $13.87M | $428K | $0 | $649K | $749K | $0 | $10K | $219K | $0 | $0 | $211K | $1K | $4K | $173 |
| Interest Income | $291K | $492K | $257K | $4 | $1 | $8 | $14K | $98K | $291K | $56K | $7K | $86K | $25K | $4K | $6K | $3K | $31K | $484 | $0 | $0 |
| Other Income (Expense) | -$116.67M | -$44.99M | -$40.79M | -$44.7M | -$92.34M | $9.25M | -$16.85M | -$7.52M | -$3.8M | -$593K | -$742K | $86K | $15K | $62K | $326K | -$19K | -$211K | -$318 | -$8K | $0 |
| Income Before Tax (EBT) | -$42.18M | $87.91M | $104.99M | $147.04M | $3.41M | -$259.41M | $43.28M | $12.45M | $12.17M | -$57.63M | -$14.06M | $12.66M | -$375K | -$1.97M | $0 | -$78K | -$334K | -$123K | -$123K | $0 |
| Income Tax Expense | -$7.45M | $20.44M | $125K | $8.41M | $90K | -$6M | $13.79M | $3.45M | $10.42M | -$19.99M | -$5M | $4.24M | $78K | -$300K | -$12K | $0 | $0 | $1K | $8K | $28K |
| Net Income | -$34.73M | $67.47M | $104.86M | $138.64M | $3.32M | -$253.41M | $29.5M | $9M | $1.75M | -$37.64M | -$9.05M | $8.42M | -$452K | -$1.67M | -$320K | -$78K | -$334K | -$124K | -$127K | -$28K |
| Net Income Margin | -11.3% | 18.4% | 29.0% | 39.9% | 1.7% | -224.2% | 15.1% | 7.5% | 2.6% | -122.0% | -29.2% | 22.1% | -4.4% | -95.0% | -12204.6% | -948.3% | - | - | - | - |
| Supplementary Data | ||||||||||||||||||||
| EPS | -0.17 | 0.34 | 0.55 | 1.14 | 0.03 | -3.48 | 0.44 | 0.15 | 0.03 | -0.97 | -0.32 | 0.34 | -0.03 | -0.21 | -0.04 | -0.02 | -0.09 | -0.04 | -0.04 | -0.01 |
| Diluted EPS | -0.17 | 0.34 | 0.54 | 0.98 | 0.03 | -3.48 | 0.44 | 0.15 | 0.03 | -0.97 | -0.32 | 0.33 | -0.03 | -0.21 | -0.04 | -0.02 | -0.09 | -0.04 | -0.04 | -0.01 |
| Weighted Average OS | 206.52M | 197.94M | 190.59M | 121.26M | 99.39M | 72.89M | 66.57M | 59.53M | 51.38M | 38.71M | 28.18M | 24.74M | 16.38M | 7.95M | 8.43M | 3.55M | 3.55M | 3.22M | 3.04M | 2.10M |
| EBITDA | $96.15M | $229.93M | $237.53M | $225.95M | $55.07M | -$198.78M | $113.35M | $51.9M | $32.69M | -$45.49M | $2.29M | $24.53M | $1.92M | -$1.22M | -$326K | -$56K | -$333K | -$123K | -$123K | -$28K |
| EBITDA Margin | 31.3% | 62.8% | 65.8% | 65.1% | 28.1% | -175.9% | 57.9% | 43.2% | 49.0% | -147.5% | 7.4% | 64.4% | 18.6% | -69.6% | -12441.1% | -681.0% | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 |
| Assets | |||||||||||||||||||||
| Current Assets | |||||||||||||||||||||
| Cash and Cash Equivalents | $903K | $1.87M | $296K | $3.71M | $2.41M | $3.58M | $10M | $3.36M | $15.01M | $71.09M | $4.43M | $8.62M | $52.35M | $5.4M | $4.42M | $931K | $994K | $87K | $734 | $22K | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $903K | $1.87M | $296K | $3.71M | $2.41M | $3.58M | $10M | $3.36M | $15.01M | $71.09M | $4.43M | $8.62M | $52.35M | $5.4M | $4.42M | $931K | $994K | $87K | $734 | $22K | $0 |
| Accounts Receivable | $32.56M | $37.26M | $41.39M | $43.43M | $26.46M | $16.83M | $24.72M | $13.22M | $13.89M | $3.91M | $4.14M | $6.3M | $3.89M | $418K | $91K | $0 | $6K | $0 | $0 | $0 | $0 |
| Inventory | $5.31M | $4.05M | $6.14M | $9.25M | $0 | $0 | -$5.89B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$852K | $0 | $1K | $0 | $0 | $0 | $0 |
| Other Current Assets | $23.29M | $7.28M | $8.09M | $6.77M | $0 | $0 | $5.89B | $0 | $0 | $227K | $146K | $0 | $66K | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $62.07M | $50.45M | $55.91M | $63.17M | $29.81M | $20.8M | $38.71M | $16.84M | $29.12M | $75.22M | $8.71M | $15.08M | $56.31M | $5.88M | $4.43M | $934K | $1M | $145K | $734 | $22K | $0 |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $1.33B | $1.34B | $1.3B | $1.18B | $652.64M | $640.28M | $931.08M | $542.01M | $373.61M | $211.92M | $241.27M | $152.56M | $55.42M | $22.63M | $5K | $6K | $31K | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $9.74M | $5.47M | $11.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $101.58M | $0 | $0 | $0 | $90.29M | $0 | $5.43B | $7.79M | $11.23M | $20.05M | $64K | $0 | $703.65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $9.34M | $8.15M | $13.03M | $24.03M | -$88.58M | $2.38M | -$5.43B | $424K | $135K | $406K | $821K | $0 | -$703.65M | -$22.63M | $853K | $0 | $0 | $1.25M | $0 | $0 | $0 |
| Total Long-Term Assets | $1.45B | $1.36B | $1.32B | $1.21B | $654.35M | $642.66M | $934.3M | $550.22M | $384.98M | $232.38M | $242.15M | $152.56M | $55.42M | $22.63M | $858K | $6K | $31K | $1.25M | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.51B | $1.41B | $1.38B | $1.27B | $684.16M | $663.46M | $973.01M | $567.07M | $414.1M | $307.6M | $250.87M | $167.64M | $111.72M | $28.51M | $5.28M | $940K | $1.03M | $1.39M | $734 | $22K | $0 |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $97.52M | $95.73M | $104.06M | $111.4M | $46.23M | $32.5M | $54.64M | $51.91M | $44.48M | $9.1M | $11.02M | $16.24M | $6.23M | $1.19M | $100K | $5K | $0 | $941 | $3K | $7K | $280 |
| Short-Term Debt | $1.82M | $496K | $534K | $500K | $586K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | -$42.18B | $329K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$57K | $6.93M | $7.69M | $28.79M | $29.24M | $3.29M | $3M | $0 | $3.97M | $0 | $0 | $0 | $0 | $0 | -$195K | $1K | $21K | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $100.96M | $105.04M | $113.81M | $141.79M | $76.67M | $36.94M | $59.09M | $51.91M | $48.44M | $9.1M | $11.33M | $16.26M | $7.23M | $1.19M | $6K | $7K | $21K | $941 | $60K | $17K | $280 |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $420M | $385M | $425M | $415M | $290M | $313M | $366.5M | $39.5M | $0 | $0 | $45.9M | $0 | $0 | $0 | $10.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$33.89M | $0 | $0 | -$24.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $122.35M | $28.59M | $8.55M | $8.5M | $90K | $0 | $6M | $33.89M | $27.56M | $10.09M | $24.4M | $4.94M | $704K | $626K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $32.49M | $28.78M | $39.59M | $40.08M | $15.29M | $17.99M | $16.79M | $13.06M | $9.06M | $7.96M | $7.4M | $3.9M | $1.18M | $496K | -$10.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $576.24M | $444.42M | $476.11M | $466.1M | $306.86M | $331.75M | $390.4M | $52.56M | $9.06M | $7.96M | $53.3M | $8.84M | $1.89M | $1.12M | $0 | $5K | $0 | $941 | $60K | $17K | $280 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5K | $0 | -$941 | -$60K | -$17K | -$280 |
| Total Liabilities | $677.21M | $549.46M | $589.91M | $607.9M | $383.53M | $368.69M | $449.5M | $104.47M | $57.5M | $17.06M | $64.64M | $25.1M | $9.12M | $2.31M | $6K | $7K | $21K | $941 | $60K | $17K | $280 |
| Stockholders' Equity | |||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $208K | $199K | $197K | $176K | $100K | $86K | $68K | $63K | $54K | $49K | $30K | $26K | $24K | $14K | $5K | $4K | $4K | $4K | $55K | $55K | $30K |
| Retained Earnings | $23.29M | $58.02M | -$9.45M | -$114.31M | -$252.95M | -$256.27M | -$2.86M | -$32.36M | -$41.36M | -$44.71M | -$7.07M | $1.98M | -$6.44M | -$5.98M | -$1.06M | -$742K | -$664K | -$282K | -$158K | -$31K | -$2K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100.58M | -$61.86M | -$41.35M | -$29.86M | -$14.69M | -$2.88M | -$596K | -$4K | -$3K | $0 | $60K | $60K | $0 | $0 |
| Other Stockholders' Equity | $812.78M | $800.42M | $795.83M | $775.24M | $553.47M | $550.95M | $526.3M | $494.89M | $397.9M | $335.2M | $193.27M | $140.53M | $109.02M | $32.17M | $6.34M | $1.67M | $1.67M | $1.67M | $44K | -$20K | -$28K |
| Total Equity | $836.28M | $858.64M | $786.58M | $661.1M | $300.62M | $294.77M | $523.51M | $462.6M | $356.6M | $290.54M | $186.23M | $142.54M | $102.61M | $26.2M | $5.28M | $933K | $1.01M | $1.39M | -$59K | $4K | -$280 |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.51B | $1.41B | $1.38B | $1.27B | $684.16M | $663.46M | $973.01M | $567.07M | $414.1M | $307.6M | $250.87M | $167.64M | $111.72M | $28.51M | $5.28M | $940K | $1.03M | $1.39M | $734 | $22K | $0 |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $423.24M | $389.1M | $430.02M | $419.13M | $292.68M | $314.92M | $369.07M | $39.5M | $0 | $0 | $45.9M | $0 | $0 | $0 | $9.2M | $0 | $0 | $0 | $57K | $10K | $0 |
| Net Debt | $422.33M | $387.24M | $429.72M | $415.42M | $290.27M | $311.34M | $359.07M | $36.14M | -$15.01M | -$71.09M | $41.47M | -$8.62M | -$52.35M | -$5.4M | $4.78M | -$931K | -$994K | -$87K | $56K | -$12K | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-09-30 | 2007-09-30 | 2006-09-30 |
| Operating Activities | ||||||||||||||||||||
| Net Income | -$34.73M | $67.47M | $104.86M | $138.64M | $3.32M | -$253.41M | $29.5M | $9M | $1.75M | -$37.64M | -$9.05M | $8.42M | -$452K | -$1.67M | -$320K | -$78K | -$334K | -$124K | -$127K | -$28K |
| Depreciation & Amortization | $97.9M | $98.7M | $88.61M | $55.74M | $37.17M | $43.01M | $56.2M | $39.02M | $20.52M | $11.48M | $15.18M | $11.81M | $2.28M | $507K | $1K | $3K | $1K | $0 | $0 | $0 |
| Deferred Income Tax | -$7.86M | $19.94M | -$425K | $8.72M | $265K | -$3.98M | $9.93M | $2.54M | $10.47M | -$19.99M | -$5M | $4.24M | $78K | -$300K | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $6.14M | $5.51M | $8.83M | $7.16M | $2.42M | $5.36M | $3.08M | $3.87M | $3.69M | $2.27M | $2.57M | $2.52M | $3.49M | $945K | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||
| Accounts Receivable | $4.45M | $3.59M | $1.15M | -$17.21M | -$9.48M | $7.9M | -$10.04M | $666K | -$9.98M | $229K | $2.16M | -$2.41M | -$3.47M | -$327K | $0 | $6K | $0 | $0 | $0 | $0 |
| Inventory | -$1.26M | $2.09M | $3.11M | -$5.6M | $0 | $0 | -$583K | $260K | $1.03M | $575K | $0 | $0 | $0 | $88K | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $475K | -$5.08M | -$1.45M | $50.81M | $15.45M | -$8.38M | $12.32M | $4.44M | $12.38M | -$2.23M | -$4.93M | $9.03M | $6.04M | $1.08M | $225 | -$2K | -$805 | -$2K | -$5K | $0 |
| Other Working Capital | -$946K | -$1.49M | -$1.64M | -$1.16M | -$542K | $3.59M | -$1.3M | -$578K | -$767K | -$241K | -$806K | -$95K | -$6K | -$100K | -$4K | -$13K | $82K | -$57K | $0 | $0 |
| Total Working Capital Change | $2.72M | -$888K | $1.18M | $26.83M | $5.42M | $3.1M | $406K | $4.78M | $2.66M | -$1.67M | -$3.57M | $6.52M | $2.56M | $742K | -$3K | -$10K | $81K | -$59K | -$5K | $7K |
| Other Non-Cash Items | $86.68M | $3.7M | -$4.89M | -$40.12M | $24.13M | $278.07M | $7.49M | $11.14M | $3.72M | $56.76M | $9.73M | $242K | $154K | -$256K | $0 | $23K | $242K | $1K | $12K | $0 |
| Net Cash from Operating | $150.85M | $194.42M | $198.17M | $196.98M | $72.73M | $72.16M | $106.62M | $70.36M | $42.81M | $11.21M | $9.84M | $33.75M | $8.12M | -$32K | -$322K | -$63K | -$10K | -$182K | -$120K | -$21K |
| Investing Activities | ||||||||||||||||||||
| Capital Expenditures | -$97.92M | -$156.49M | -$155.21M | -$131.22M | -$53.24M | -$43.83M | -$155.53M | -$203.53M | -$157.91M | -$38.34M | -$109.66M | -$106.17M | -$34.38M | -$10.38M | $0 | $0 | -$276K | $0 | -$8K | $0 |
| Acquisitions | -$81.85M | $0 | -$80.74M | -$177.82M | $2M | $0 | -$276.06M | $106K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.25M | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.25M | -$1.25M | $0 | $0 |
| Other Investing Activities | $260K | $5.63M | $13.38M | $158K | $0 | $0 | $8.55M | $106K | $0 | $0 | -$446K | -$39K | -$61K | -$10.38B | -$850K | $0 | -$276K | $1.25M | -$8K | $0 |
| Net Cash from Investing | -$179.5M | -$150.85M | -$222.57M | -$308.88M | -$51.24M | -$43.83M | -$423.04M | -$203.42M | -$157.91M | -$38.34M | -$110.11M | -$106.21M | -$34.44M | -$10.38M | -$850K | $0 | $974K | -$1.25M | -$8K | $0 |
| Financing Activities | ||||||||||||||||||||
| Debt Repaid | -$28.87M | $40.95M | -$9.22M | -$124.5M | $23.33M | $53.78M | -$326.85M | -$39.5M | - | $45.9M | -$45.9M | - | - | $8.09M | - | - | - | - | - | -$10K |
| Common Stock Issuance | $0 | $0 | $12.3M | $8.2M | $568K | $19.38M | $0 | $81.82M | $59.03M | $139.57M | $50.04M | $28.51M | $73.2M | $23.9M | $4.67M | $0 | $0 | $1.5M | $0 | $33K |
| Common Stock Repurchases | $0 | -$919K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$1.19M | -$88K | -$572K | -$19.41M | -$490K | -$355K | -$3.78M | $100K | $0 | $113K | $135K | $215K | $68K | $0 | $0 | $0 | $0 | $0 | $60K | $0 |
| Net Cash from Financing | $27.69M | -$42M | $20.99M | $113.21M | -$22.66M | -$34.75M | $323.06M | $121.42M | $59.03M | $93.78M | $96.07M | $28.73M | $73.27M | $15.8M | $4.67M | $0 | $0 | $1.52M | $107K | $43K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$963K | $1.57M | -$3.42M | $1.3M | -$1.17M | -$6.43M | $6.64M | -$11.64M | -$56.08M | $66.66M | -$4.19M | -$43.73M | $46.95M | $5.39M | $3.49M | -$63K | $964K | $87K | -$21K | $22K |
| Supplementary Data | ||||||||||||||||||||
| Operating Cash Flow | $150.85M | $194.42M | $198.17M | $196.98M | $72.73M | $72.16M | $106.62M | $70.36M | $42.81M | $11.21M | $9.84M | $33.75M | $8.12M | -$32K | -$322K | -$63K | -$10K | -$182K | -$120K | -$21K |
| Capital Expenditure | -$97.92M | -$156.34M | -$155.21M | -$131.22M | -$53.24M | -$43.83M | -$155.53M | -$203.53M | -$157.91M | -$38.34M | -$109.66M | -$106.17M | -$34.38M | -$10.38M | $0 | $0 | -$276K | $0 | -$8K | $0 |
| Free Cash Flow | $52.93M | $38.08M | $42.96M | $65.76M | $19.49M | $28.33M | -$48.91M | -$133.17M | -$115.11M | -$27.13M | -$99.82M | -$72.42M | -$26.26M | -$10.41M | -$322K | -$63K | -$286K | -$182K | -$128K | -$21K |
| Cash at Beginning | $1.87M | $296K | $3.71M | $2.41M | $3.58M | $10M | $3.36M | $15.01M | $71.09M | $4.43M | $8.62M | $52.35M | $5.4M | $11K | $931K | $994K | $87K | $734 | $22K | $0 |
| Cash at End | $903K | $1.87M | $296K | $3.71M | $2.41M | $3.58M | $10M | $3.36M | $15.01M | $71.09M | $4.43M | $8.62M | $52.35M | $5.4M | $4.42M | $931K | $1.05M | $87K | $734 | $22K |