Financial Statements

Velan Inc. (VLN.TO)

$8.99

+0.18 (+2.04%)
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) 236255257281-
Net Income 3-16-5-188
Stock Dividends 006-0280
Dividend Paid -0-2-3-7-7
Retained Earnings 239236255257281

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 98849092-
Annual Depreciation 92725100
Capital Expenditure -11-12-9-7-9
Net PPE 9698849092

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -81099
New Purchases ---0--
Intangible and Goodwill 810999

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.