Financial Statements

CNOOC Limited (CEO)


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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) ---308,155-
Net Income 24,95661,04552,68824,677637
Stock Dividends 895-32,072-29,165-316,384321,671
Dividend Paid -25,851-28,973-23,523-16,448-14,153
Retained Earnings ----308,155

PPE Schedule

Year 2020 2019 2018 2017 2016
Gross PPE 449,733407,337395,868432,806-
Annual Depreciation 81,514114,41062,14410,796484,153
Capital Expenditure -75,418-72,014-50,675-47,734-51,347
Net PPE 455,829449,733407,337395,868432,806

Intangible and Goodwill Schedule

Year 2020 2019 2018 2017 2016
Intangible and Goodwill (Previous Year) -14,74813,89214,59214,831
New Purchases -62,900-122,267-176,480-190,900-164,611
Intangible and Goodwill 14,74813,89214,59214,83113,871

CNOOC Limited 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 CNOOC Limited 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.