Financial Statements

Youdao, Inc. (DAO)

$4.52

-1.00 (-18.12%)
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) -3,674-1,920-1,281-798-
Net Income -996-1,753-602-209-134
Stock Dividends 4,670-1-37-274-664
Dividend Paid -----
Retained Earnings --3,674-1,920-1,281-798

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 152481813-
Annual Depreciation 111140481924
Capital Expenditure -64-37-18-14-11
Net PPE 198152481813

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -----
New Purchases -0-749-1,738-1,704-1,705
Intangible and Goodwill -----

Youdao, 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 Youdao, 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.