Financial Statements

Summit Financial Group, Inc. (SMMF)


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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) 182166141120-
Net Income 4631322812
Stock Dividends --7--113
Dividend Paid -10-9-7-7-5
Retained Earnings 218182166141120

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 53443834-
Annual Depreciation 81716940
Capital Expenditure -5-9-9-6-6
Net PPE 5653443834

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -15151345
New Purchases -167-120-109-181-248
Intangible and Goodwill 1515134555

Summit Financial Group, 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 Summit Financial Group, 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.