Financial Statements

Zoetis Inc. (ZTS)

$163

+0.44 (+0.27%)
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) 5,6594,4273,2702,109-
Net Income 2,0371,6361,5001,428864
Stock Dividends -36-24-29-241,451
Dividend Paid -474-380-314-243-206
Retained Earnings 7,1865,6594,4273,2702,109

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 2,3942,1291,6581,435-
Annual Depreciation 6867189315611,659
Capital Expenditure -477-453-460-338-224
Net PPE 2,6032,3942,1291,6581,435

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -1,5102,5192,5922,694
New Purchases ----27-12
Intangible and Goodwill 1,5102,5192,5922,6942,682

Zoetis 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 Zoetis 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.