Financial Statements

First Republic Bank (FRC)

$146.37

-2.57 (-1.73%)
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) 5,3464,4843,7313,052-
Net Income 1,4781,064930854758
Stock Dividends -1-5-12,460
Dividend Paid -254-197-177-176-166
Retained Earnings 6,5695,3464,4843,7313,052

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 1,3551,174332296-
Annual Depreciation 6293301,010170463
Capital Expenditure -198-149-168-134-167
Net PPE 1,7861,3551,174332296

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -198198172172
New Purchases -4,517-911-4,918-3,488-9,473
Intangible and Goodwill 198198172172172

First Republic Bank 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 Republic Bank 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.