Financial Statements

Civitas Resources, Inc. (BCEI)

$54.58

+0.33 (+0.61%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2020 2019 2018 2017 2016
Retained Earnings (Previous Year) 230163-5-796-
Net Income 10467168--199
Stock Dividends ---791-597
Dividend Paid -----
Retained Earnings 334230163-5-796

PPE Schedule

Year 2020 2019 2018 2017 2016
Gross PPE 1,0929187741,019-
Annual Depreciation -1431411-2441,072
Capital Expenditure -64-257-268-1-53
Net PPE 1,0271,0929187741,019

Intangible and Goodwill Schedule

Year 2020 2019 2018 2017 2016
Intangible and Goodwill (Previous Year) -----
New Purchases -----
Intangible and Goodwill -----

Civitas Resources, Inc. 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 Civitas Resources, Inc. 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.