Financial Statements

Frontline Ltd. (FRO)

$8.875

+0.14 (+1.54%)
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) 8-155-295-273-
Net Income -11413140-9-265
Stock Dividends -6320-1344
Dividend Paid --312-20-0-51
Retained Earnings -38-155-295-273

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 3,4183,0562,6202,673-
Annual Depreciation 7021,0856331633,387
Capital Expenditure -462-724-196-216-714
Net PPE 3,6573,4183,0562,6202,673

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -112112112112
New Purchases -46----0
Intangible and Goodwill 112112112112112

Frontline Ltd. 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 Frontline Ltd. 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.