Financial Statements

The Toronto-Dominion Bank (TD-PFL.TO)

$24.8

+0.04 (+0.16%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands , Years are calendar years not fiscal years

Retained Earning Schedule

Year 2023 2022 2021 2020 2019
Retained Earnings (Previous Year) 73,69863,94453,84549,497-
Net Income 10,78217,42914,29811,89511,668
Stock Dividends -5,611-1,0101,356-2,50442,986
Dividend Paid -5,825-6,665-5,555-5,043-5,157
Retained Earnings 73,04473,69863,94453,84549,497

PPE Schedule

Year 2023 2022 2021 2020 2019
Gross PPE 9,4009,18110,1365,513-
Annual Depreciation 1,8781,6731746,3806,307
Capital Expenditure -1,844-1,454-1,129-1,757-794
Net PPE 9,4349,4009,18110,1365,513

Intangible and Goodwill Schedule

Year 2023 2022 2021 2020 2019
Intangible and Goodwill (Previous Year) -16,97617,14816,23217,656
New Purchases -76,100-197,272-174,952-180,695-51,323
Intangible and Goodwill 16,97617,14816,23217,65618,602

The Toronto-Dominion Bank 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 The Toronto-Dominion Bank 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.