Financial Statements

TowneBank (TOWN)

$28.17

+0.27 (+0.97%)
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) 558467379283-
Net Income 21514613913488
Stock Dividends -1-3-18230
Dividend Paid -55-52-49-45-34
Retained Earnings 717558467379283

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 260232212195-
Annual Depreciation 42745738208
Capital Expenditure -31-46-37-21-13
Net PPE 271260232212195

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -270434447452
New Purchases -1,139-961-782-454-839
Intangible and Goodwill 270434447452457

TowneBank 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 TowneBank 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.