Shell Midstream Partners, L.P. (SHLX)
Retained Earning Schedule
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Intangible and Goodwill Schedule
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Shell Midstream Partners, L.P. 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 Shell Midstream Partners, L.P. 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.