Financial Statements

Gates Industrial Corporation plc (GTES)

$13

+0.28 (+2.20%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2022 2021 2019 2018 2017
Retained Earnings (Previous Year) 1,151-382137-
Net Income 29779690245151
Stock Dividends -111,072--0-14
Dividend Paid -----
Retained Earnings 1,4381,1511,072382137

PPE Schedule

Year 2022 2021 2019 2018 2017
Gross PPE 826-756686-
Annual Depreciation 56893178253797
Capital Expenditure -87-67-83-183-111
Net PPE 795826851756686

Intangible and Goodwill Schedule

Year 2022 2021 2019 2018 2017
Intangible and Goodwill (Previous Year) -2,0862,046-2,120
New Purchases -----
Intangible and Goodwill 2,0862,0462,0612,1202,063

Gates Industrial Corporation plc 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 Gates Industrial Corporation plc 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.