Financial Statements

Velan Inc. (VLN.TO)


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Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2022 2021 2020 2019 2018
Retained Earnings (Previous Year) 239236255257-
Net Income -213-16-5-18
Stock Dividends -006281
Dividend Paid --0-2-3-7
Retained Earnings 218239236255257

PPE Schedule

Year 2022 2021 2020 2019 2018
Gross PPE 96988490-
Annual Depreciation -14927297
Capital Expenditure -9-11-12-9-7
Net PPE 7496988490

Intangible and Goodwill Schedule

Year 2022 2021 2020 2019 2018
Intangible and Goodwill (Previous Year) -10999
New Purchases --0---9
Intangible and Goodwill 109999

Velan 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 Velan 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.