Financial Statements

CIT Group Inc. (CIT)

$53.5

+2.16 (+4.21%)
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) 2,3081,9241,9071,553-
Net Income -615530447468-848
Stock Dividends -93--313-12,524
Dividend Paid -172-147-116-114-123
Retained Earnings 1,4282,3081,9241,9071,553

PPE Schedule

Year 2020 2019 2018 2017 2016
Gross PPE 7,6757,1316,9137,677-
Annual Depreciation 1,5661,352873299,544
Capital Expenditure -1,019-808-656-793-1,867
Net PPE 8,2227,6757,1316,9137,677

Intangible and Goodwill Schedule

Year 2020 2019 2018 2017 2016
Intangible and Goodwill (Previous Year) -685370370370
New Purchases -4,939-6,990-3,021-12,954-5,751
Intangible and Goodwill 685370370370-

CIT Group 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 CIT Group 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.