Financial Statements

Ovintiv Inc. (OVV)


+0.87 (+1.88%)
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) -5,773421435-429-
Net Income 1,416-6,0972341,069827
Stock Dividends ---146-149-1,199
Dividend Paid -122-97-102-56-57
Retained Earnings -4,479-5,773421435-429

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 10,44116,2388,9728,954-
Annual Depreciation 768-4,0619,8921,99310,750
Capital Expenditure -1,519-1,736-2,626-1,975-1,796
Net PPE 9,69010,44116,2388,9728,954

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -2,6092,5532,6112,625
New Purchases -----20
Intangible and Goodwill 2,6092,5532,6112,6252,628

Ovintiv 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 Ovintiv 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.