Financial Statements

First Citizens BancShares, Inc. (FCNCP)

$22.79

+0.01 (+0.04%)
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) 3,8673,6583,2192,785-
Net Income 547492457400324
Stock Dividends 5-2520502,472
Dividend Paid -42-30-18-17-11
Retained Earnings 4,3783,8673,6583,2192,785

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 1,2511,2441,2041,138-
Annual Depreciation -181401612061,223
Capital Expenditure --133-121-140-85
Net PPE 1,2331,2511,2441,2041,138

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -151236349350
New Purchases -3,648-950-5,020-13,849-6,375
Intangible and Goodwill 151236349350346

First Citizens BancShares, 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 First Citizens BancShares, 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.

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