Financial Statements

Fortis Inc. (FTS)

$50.08

+0.64 (+1.29%)
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) 3,2102,9162,0821,727-
Net Income 1,2941,2741,7221,1661,028
Stock Dividends -375-129-327-2861,183
Dividend Paid -671-851-561-525-484
Retained Earnings 3,4583,2102,9162,0821,727

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 36,03834,03432,65429,668-
Annual Depreciation 5,2046,0435,1006,20432,692
Capital Expenditure -3,386-4,039-3,720-3,218-3,024
Net PPE 37,85636,03834,03432,65429,668

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -11,64412,53012,00411,792
New Purchases -----
Intangible and Goodwill 11,64412,53012,00411,79211,720

Fortis 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 Fortis 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.