Athabasca Historical Income Statement

ATH Stock

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Historical analysis of Athabasca Oil income statement accounts such as Interest Expense of 49.4 M, Selling General Administrative of 85.6 M or Total Revenue of 1.3 B can show how well Athabasca Oil Corp performed in making a profits. Evaluating Athabasca Oil income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Athabasca Oil's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Athabasca Oil Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Athabasca Oil Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Athabasca Oil Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Athabasca Income Statement Analysis

Athabasca Oil Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Athabasca Oil shareholders. The income statement also shows Athabasca investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Athabasca Oil Income Statement Chart

At this time, Athabasca Oil's EBITDA is very stable compared to the past year. As of the 27th of November 2024, Income Tax Expense is likely to grow to about 14.8 M, while Depreciation And Amortization is likely to drop about 101.7 M.

Selling General Administrative Other Operating Expenses Research Development Total Other Income Expense Net

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Athabasca Oil Corp. It is also known as Athabasca Oil overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Athabasca Oil's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Athabasca Oil Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Athabasca Oil Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Interest Expense	77.2M	79.0M	30.4M	49.4M
Depreciation And Amortization	112.6M	130.1M	118.6M	101.7M

Interest Expense Depreciation And Amortization

Athabasca Oil income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Net Income From Continuing Ops	Tax Provision	Interest Income	Selling And Marketing Expenses	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.25	0.53	0.38	0.2	0.57	-0.06	-0.08	0.11	0.27	0.45	-0.16	-0.16	-0.11	-0.31	0.46	0.08	0.06	0.38	0.39	-0.05	0.28
Interest Expense	0.25		0.83	0.69	0.82	0.71	0.52	0.48	0.09	0.55	0.84	0.04	-0.22	0.1	-0.22	0.5	0.27	0.01	0.34	0.8	-0.33	0.12
Selling General Administrative	0.53	0.83		0.73	0.81	0.82	0.46	0.44	0.12	0.6	0.88	0.21	0.02	0.27	-0.36	0.58	0.42	-0.09	0.45	0.81	-0.29	0.27
Total Revenue	0.38	0.69	0.73		0.86	0.89	0.83	0.82	0.48	0.92	0.55	0.31	-0.06	0.39	-0.31	0.94	0.55	-0.06	0.36	0.9	0.26	-0.02
Gross Profit	0.2	0.82	0.81	0.86		0.84	0.82	0.8	0.07	0.83	0.75	0.43	0.09	0.53	-0.28	0.65	0.66	-0.24	0.27	0.84	-0.19	0.02
Other Operating Expenses	0.57	0.71	0.82	0.89	0.84		0.58	0.56	0.15	0.73	0.76	0.12	-0.17	0.22	-0.45	0.83	0.4	-0.11	0.46	0.89	0.01	0.24
Operating Income	-0.06	0.52	0.46	0.83	0.82	0.58		1.0	0.39	0.94	0.25	0.62	0.23	0.66	-0.07	0.7	0.75	-0.12	0.12	0.67	0.26	-0.29
Ebit	-0.08	0.48	0.44	0.82	0.8	0.56	1.0		0.4	0.94	0.22	0.65	0.27	0.69	-0.06	0.69	0.76	-0.13	0.1	0.65	0.28	-0.3
Research Development	0.11	0.09	0.12	0.48	0.07	0.15	0.39	0.4		0.45	-0.18	0.07	-0.12	0.04	0.1	0.64	0.08	0.26	0.05	0.3	0.73	-0.36
Ebitda	0.27	0.55	0.6	0.92	0.83	0.73	0.94	0.94	0.45		0.35	0.56	0.19	0.62	-0.17	0.84	0.76	-0.09	0.23	0.77	0.27	-0.2
Total Operating Expenses	0.45	0.84	0.88	0.55	0.75	0.76	0.25	0.22	-0.18	0.35		-0.02	-0.16	0.09	-0.41	0.36	0.24	-0.25	0.34	0.68	-0.55	0.34
Income Before Tax	-0.16	0.04	0.21	0.31	0.43	0.12	0.62	0.65	0.07	0.56	-0.02		0.91	0.97	0.15	0.18	0.91	-0.22	-0.02	0.2	0.01	-0.26
Total Other Income Expense Net	-0.16	-0.22	0.02	-0.06	0.09	-0.17	0.23	0.27	-0.12	0.19	-0.16	0.91		0.84	0.22	-0.16	0.72	-0.2	-0.06	-0.12	-0.13	-0.15
Net Income	-0.11	0.1	0.27	0.39	0.53	0.22	0.66	0.69	0.04	0.62	0.09	0.97	0.84		-0.03	0.23	0.96	-0.45	-0.07	0.22	-0.06	-0.24
Income Tax Expense	-0.31	-0.22	-0.36	-0.31	-0.28	-0.45	-0.07	-0.06	0.1	-0.17	-0.41	0.15	0.22	-0.03		-0.3	-0.07	0.56	-0.39	-0.18	0.19	-0.64
Cost Of Revenue	0.46	0.5	0.58	0.94	0.65	0.83	0.7	0.69	0.64	0.84	0.36	0.18	-0.16	0.23	-0.3		0.39	0.06	0.39	0.8	0.5	-0.01
Net Income From Continuing Ops	0.08	0.27	0.42	0.55	0.66	0.4	0.75	0.76	0.08	0.76	0.24	0.91	0.72	0.96	-0.07	0.39		-0.41	0.0	0.39	-0.06	-0.23
Tax Provision	0.06	0.01	-0.09	-0.06	-0.24	-0.11	-0.12	-0.13	0.26	-0.09	-0.25	-0.22	-0.2	-0.45	0.56	0.06	-0.41		0.36	0.18	0.35	-0.01
Interest Income	0.38	0.34	0.45	0.36	0.27	0.46	0.12	0.1	0.05	0.23	0.34	-0.02	-0.06	-0.07	-0.39	0.39	0.0	0.36		0.47	0.0	0.77
Selling And Marketing Expenses	0.39	0.8	0.81	0.9	0.84	0.89	0.67	0.65	0.3	0.77	0.68	0.2	-0.12	0.22	-0.18	0.8	0.39	0.18	0.47		0.1	0.13
Net Interest Income	-0.05	-0.33	-0.29	0.26	-0.19	0.01	0.26	0.28	0.73	0.27	-0.55	0.01	-0.13	-0.06	0.19	0.5	-0.06	0.35	0.0	0.1		-0.27
Reconciled Depreciation	0.28	0.12	0.27	-0.02	0.02	0.24	-0.29	-0.3	-0.36	-0.2	0.34	-0.26	-0.15	-0.24	-0.64	-0.01	-0.23	-0.01	0.77	0.13	-0.27

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Athabasca Oil Account Relationship Matchups

Athabasca Oil income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	144.5M	125.7M	112.6M	130.1M	118.6M	101.7M
Interest Expense	62.8M	63.2M	77.2M	79.0M	30.4M	49.4M
Selling General Administrative	130.6M	106.1M	127.0M	146.6M	74.9M	85.6M
Total Revenue	836.9M	464.6M	1.0B	1.5B	1.2B	1.3B
Gross Profit	419.1M	159.9M	564.6M	731.0M	294.8M	178.9M
Other Operating Expenses	731.5M	644.2M	708.4M	1.2B	975.1M	499.1M
Operating Income	104.2M	(187.3M)	307.3M	286.8M	219.9M	230.9M
Ebit	92.6M	(199.8M)	293.3M	276.2M	219.9M	230.9M
Ebitda	237.1M	(74.1M)	405.9M	406.3M	338.5M	355.4M
Total Operating Expenses	313.6M	339.4M	256.6M	447.5M	74.9M	71.1M
Income Before Tax	246.9M	(657.5M)	457.6M	159.0M	(37.1M)	(39.0M)
Total Other Income Expense Net	142.6M	(470.2M)	150.3M	(127.8M)	(257.1M)	(244.2M)
Net Income	184.0M	(720.7M)	457.6M	572.3M	(51.2M)	(53.8M)
Income Tax Expense	62.8M	63.2M	77.2M	(413.3M)	14.1M	14.8M
Cost Of Revenue	417.8M	304.8M	451.7M	773.7M	900.3M	945.3M
Net Income From Continuing Ops	246.9M	(657.5M)	457.6M	572.3M	(51.2M)	(53.8M)
Net Income Applicable To Common Shares	246.9M	(657.5M)	457.6M	572.3M	658.1M	691.0M
Interest Income	29.2M	3.0M	7.4M	4.9M	11.6M	11.8M
Selling And Marketing Expenses	84.1M	101.2M	83.8M	95.9M	95.0M	77.2M
Net Interest Income	(64.1M)	(70.9M)	(77.8M)	(75.8M)	(18.8M)	(19.7M)
Reconciled Depreciation	132.9M	113.2M	98.6M	119.6M	110.8M	97.4M

Pair Trading with Athabasca Oil

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Athabasca Oil position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Athabasca Oil will appreciate offsetting losses from the drop in the long position's value.

Moving against Athabasca Stock

0.47	PIC-A	Premium Income Split	Pair Corr
0.4	ENB-PFU	Enbridge Pref L	Pair Corr

The ability to find closely correlated positions to Athabasca Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Athabasca Oil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Athabasca Oil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Athabasca Oil Corp to buy it.

The correlation of Athabasca Oil is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Athabasca Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Athabasca Oil Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Athabasca Oil can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Athabasca Stock

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Athabasca Historical Income Statement

About Athabasca Income Statement Analysis

Athabasca Oil Income Statement Chart

Other Operating Expenses

Athabasca Oil income statement Correlations

Athabasca Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Athabasca Oil income statement Accounts

Pair Trading with Athabasca Oil

Moving against Athabasca Stock

Other Information on Investing in Athabasca Stock

COMMON DESTINATIONS

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Ebit	+ 1.0	Operating Income
Net Income	+ 0.97	Income Before Tax
Net Income From Continuing Ops	+ 0.96	Net Income
Cost Of Revenue	+ 0.94	Total Revenue
Ebitda	+ 0.94	Operating Income
Ebitda	+ 0.94	Ebit

Reconciled Depreciation	- 0.64	Income Tax Expense
Net Interest Income	- 0.55	Total Operating Expenses
Tax Provision	- 0.45	Net Income
Income Tax Expense	- 0.45	Other Operating Expenses
Tax Provision	- 0.41	Net Income From Continuing Ops
Income Tax Expense	- 0.41	Total Operating Expenses