Financial Statements

Air Canada (AC.TO)

$21.82

+0.80 (+3.81%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) -4943,5073,1602,511-
Net Income -3,602-4,6471,4761672,038
Stock Dividends 1,311646-1,129482473
Dividend Paid -----
Retained Earnings -2,785-4943,5073,1602,511

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 12,13712,8349,7299,252-
Annual Depreciation 6765055,1302,67411,674
Capital Expenditure -1,073-1,202-2,025-2,197-2,422
Net PPE 11,74012,13712,8349,7299,252

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -3113113,2733,273
New Purchases -998-848---
Intangible and Goodwill 3113113,2733,2733,273

Air Canada income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Air Canada FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.