Financial Statements

Intact Financial Corporation (IFC.TO)

$177.2

-2.06 (-1.15%)
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) 4,5473,9593,7763,520-
Net Income 2,0671,082754707792
Stock Dividends 24833-97-213,106
Dividend Paid -679-527-474-430-378
Retained Earnings 6,1834,5473,9593,7763,520

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 520538170150-
Annual Depreciation 581145485137248
Capital Expenditure -327-163-117-117-98
Net PPE 774520538170150

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -2,2422,3992,6262,813
New Purchases -10,582-14,561-10,322-13,262-18,118
Intangible and Goodwill 2,2422,3992,6262,8133,066

Intact Financial Corporation 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 Intact Financial Corporation 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.