RING ENERGY, INC. (REI) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K/A	10-K	10-K	10-K
Revenues [+]	347.2	196.3	113.0	195.7	120.1	66.7	30.9	31.0
Oil & gas								31.0
Revenue growth	76.9%	73.7%	-42.2%	63.0%	80.0%	116.2%	-0.5%	-18.6%
Cost of goods sold [+]	66.7	43.8	39.1	54.2	33.4	19.1	11.4	16.6
Lease costs	47.7	30.3	29.8	42.2
Direct taxes	17.1	9.1	5.2	9.1	5.6	3.2	1.5	1.5
Depreciation and amortization								15.2
Gross profit	280.6	152.5	74.0	141.5	86.6	47.6	19.5	14.4
Gross margin	80.8%	77.7%	65.4%	72.3%	72.2%	71.3%	63.1%	46.3%
Selling, general and administrative [+]	27.1	16.1	16.9	19.9	12.9	10.5	8.0	8.0
General and administrative	27.1	16.1	16.9	19.9	12.9	10.5	8.0	8.0
Other operating expenses	6.0	3.5	5.2	5.3	0.6	0.6	0.8	-4.5
EBITDA [+]	247.5	132.9	51.9	116.3	73.2	36.5	11.0	11.2
EBITDA growth	86.2%	156.4%	-55.4%	59.0%	100.5%	232.8%	-1.9%	-54.2%
EBITDA margin	71.3%	67.7%	45.9%	59.4%	60.9%	54.7%	35.5%	36.0%
Depreciation and amortization	55.7	37.2	43.0	56.2	39.0	20.5	11.5	15.2
EBIT [+]	191.7	95.8	8.8	60.1	34.1	16.0	-0.5	-4.0
EBIT growth	100.2%	983.2%	-85.3%	76.2%	113.8%	-3172.1%	-87.0%	-131.8%
EBIT margin	55.2%	48.8%	7.8%	30.7%	28.4%	23.9%	-1.7%	-12.9%
Non-recurring items [+]			277.5		14.2		56.5	9.3
Asset impairment			277.5		14.2		56.5	9.3
Interest expense, net [+]	23.2	14.5	17.6	13.9	0.3	-0.3	0.6	0.7
Interest expense	23.2	14.5	17.6	13.9	0.4		0.6	0.7
Interest income	0.0	0.0	0.0	0.0	0.1	0.3	0.1	0.0
Other income (expense), net [+]	-21.5	-77.9	26.9	-3.0	-7.2	-4.1
Gain (loss) on derivative instruments	-21.5	-77.9	21.4	-3.0	-11.2
Unrealized gain/loss on derivatives					4.0	-4.0
Pre-tax income	147.0	3.4	-259.4	43.3	12.4	12.2	-57.6	-14.1
Income taxes	8.4	0.1	-6.0	13.8	3.4	10.4	-20.0	-5.0
Tax rate	5.7%	2.6%	2.3%	31.9%	27.7%	85.6%	34.7%	35.6%
Net income	138.6	3.3	-253.4	29.5	9.0	1.8	-37.6	-9.1
Net margin	39.9%	1.7%	-224.2%	15.1%	7.5%	2.6%	-122.0%	-29.2%

Basic EPS [+]	$141,464,311.22	$110,763,066.67	$72,819,490.80	$0.44	$0.15	$0.03	($0.97)	($0.32)
Growth	27.7%	52.1%	16434870753.7%	193.1%	342.9%	-103.5%	202.6%	-194.4%
Diluted EPS [+]	$121,609,671.05	$110,763,066.67	$72,819,490.80	$0.44	$0.15	$0.03	($0.97)	($0.32)
Growth	9.8%	52.1%	16480614147.4%	198.7%	345.3%	-103.4%	202.6%	-198.8%


Shares outstanding (basic) [+]	0.0	0.0	0.0	66.6	59.5	51.4	38.7	28.2
Growth	3166.7%	-100.9%	-100.0%	11.8%	15.9%	32.7%	37.4%	13.9%
Shares outstanding (diluted) [+]	0.0	0.0	0.0	66.8	60.8	52.8	38.7	28.2
Growth	3700.0%	-100.9%	-100.0%	9.7%	15.2%	36.4%	37.4%	8.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.