Canacol Historical Income Statement

CNE Stock

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Historical analysis of Canacol Energy income statement accounts such as Interest Expense of 55.8 M, Selling General Administrative of 25.5 M or Total Revenue of 331.6 M can show how well Canacol Energy performed in making a profits. Evaluating Canacol Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canacol Energy'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 Canacol Energy 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 Canacol Energy 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 Canacol Energy. 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 Canacol Income Statement Analysis

Canacol Energy 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 Canacol Energy shareholders. The income statement also shows Canacol 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).

Canacol Energy Income Statement Chart

At this time, Canacol Energy's EBIT is very stable compared to the past year. As of the 30th of November 2024, EBITDA is likely to grow to about 192.9 M, while Selling General Administrative is likely to drop about 25.5 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Income Tax Expense

Total Revenue

Total revenue comprises all receipts Canacol Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Canacol Energy minus its cost of goods sold. It is profit before Canacol Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Canacol Energy. It is also known as Canacol Energy 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 Canacol Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canacol Energy 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 Canacol Energy. 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)
Gross Profit	216.6M	239.6M	275.6M	289.4M
Total Revenue	310.5M	335.7M	315.8M	331.6M

Gross Profit Total Revenue

Canacol Energy income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	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	Non Recurring	Tax Provision	Interest Income	Selling And Marketing Expenses	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.11	0.14	0.26	0.22	0.59	-0.07	-0.27	0.21	0.61	-0.17	-0.63	-0.18	0.05	0.31	-0.24	-0.29	-0.05	-0.11	-0.38	-0.23	0.26
Interest Expense	0.11		0.46	0.83	0.9	-0.14	0.88	0.74	0.81	-0.31	0.54	-0.43	0.57	-0.14	0.28	0.52	-0.69	-0.26	-0.09	-0.15	-0.93	0.83
Selling General Administrative	0.14	0.46		0.71	0.61	0.53	0.32	0.53	0.61	0.26	0.43	0.1	0.29	0.25	0.72	0.25	-0.59	0.16	0.51	-0.07	-0.29	0.58
Total Revenue	0.26	0.83	0.71		0.97	0.25	0.81	0.78	0.92	-0.04	0.66	-0.22	0.65	-0.08	0.68	0.61	-0.57	-0.22	0.11	-0.35	-0.78	0.86
Gross Profit	0.22	0.9	0.61	0.97		0.08	0.89	0.81	0.93	-0.15	0.67	-0.3	0.67	-0.1	0.48	0.62	-0.62	-0.25	-0.01	-0.29	-0.87	0.86
Other Operating Expenses	0.59	-0.14	0.53	0.25	0.08		-0.37	-0.29	-0.01	0.91	-0.31	-0.17	-0.33	0.1	0.68	-0.26	-0.07	0.15	0.37	-0.11	0.2	0.01
Operating Income	-0.07	0.88	0.32	0.81	0.89	-0.37		0.91	0.89	-0.58	0.81	-0.14	0.82	-0.14	0.23	0.73	-0.49	-0.31	-0.17	-0.3	-0.87	0.81
Ebit	-0.27	0.74	0.53	0.78	0.81	-0.29	0.91		0.89	-0.57	0.9	0.19	0.83	0.03	0.35	0.71	-0.46	-0.15	0.06	-0.21	-0.66	0.73
Ebitda	0.21	0.81	0.61	0.92	0.93	-0.01	0.89	0.89		-0.28	0.83	-0.11	0.75	0.05	0.51	0.6	-0.61	-0.18	0.0	-0.39	-0.78	0.87
Total Operating Expenses	0.61	-0.31	0.26	-0.04	-0.15	0.91	-0.58	-0.57	-0.28		-0.59	-0.33	-0.6	0.11	0.31	-0.49	-0.01	0.2	0.22	0.06	0.34	-0.25
Income Before Tax	-0.17	0.54	0.43	0.66	0.67	-0.31	0.81	0.9	0.83	-0.59		0.38	0.9	0.07	0.35	0.75	-0.35	-0.12	0.12	-0.35	-0.55	0.69
Total Other Income Expense Net	-0.63	-0.43	0.1	-0.22	-0.3	-0.17	-0.14	0.19	-0.11	-0.33	0.38		0.25	0.22	0.13	0.23	0.41	0.25	0.37	0.03	0.5	-0.25
Net Income	-0.18	0.57	0.29	0.65	0.67	-0.33	0.82	0.83	0.75	-0.6	0.9	0.25		-0.37	0.32	0.93	-0.29	-0.52	0.19	-0.35	-0.6	0.68
Income Tax Expense	0.05	-0.14	0.25	-0.08	-0.1	0.1	-0.14	0.03	0.05	0.11	0.07	0.22	-0.37		0.0	-0.52	-0.08	0.92	-0.19	0.06	0.2	-0.08
Cost Of Revenue	0.31	0.28	0.72	0.68	0.48	0.68	0.23	0.35	0.51	0.31	0.35	0.13	0.32	0.0		0.31	-0.17	-0.04	0.41	-0.38	-0.21	0.49
Net Income From Continuing Ops	-0.24	0.52	0.25	0.61	0.62	-0.26	0.73	0.71	0.6	-0.49	0.75	0.23	0.93	-0.52	0.31		-0.16	-0.54	0.18	-0.4	-0.55	0.64
Non Recurring	-0.29	-0.69	-0.59	-0.57	-0.62	-0.07	-0.49	-0.46	-0.61	-0.01	-0.35	0.41	-0.29	-0.08	-0.17	-0.16		0.12	-0.17	-0.18	0.63	-0.64
Tax Provision	-0.05	-0.26	0.16	-0.22	-0.25	0.15	-0.31	-0.15	-0.18	0.2	-0.12	0.25	-0.52	0.92	-0.04	-0.54	0.12		-0.23	0.04	0.33	-0.2
Interest Income	-0.11	-0.09	0.51	0.11	-0.01	0.37	-0.17	0.06	0.0	0.22	0.12	0.37	0.19	-0.19	0.41	0.18	-0.17	-0.23		0.17	0.17	0.02
Selling And Marketing Expenses	-0.38	-0.15	-0.07	-0.35	-0.29	-0.11	-0.3	-0.21	-0.39	0.06	-0.35	0.03	-0.35	0.06	-0.38	-0.4	-0.18	0.04	0.17		0.29	-0.51
Net Interest Income	-0.23	-0.93	-0.29	-0.78	-0.87	0.2	-0.87	-0.66	-0.78	0.34	-0.55	0.5	-0.6	0.2	-0.21	-0.55	0.63	0.33	0.17	0.29		-0.85
Reconciled Depreciation	0.26	0.83	0.58	0.86	0.86	0.01	0.81	0.73	0.87	-0.25	0.69	-0.25	0.68	-0.08	0.49	0.64	-0.64	-0.2	0.02	-0.51	-0.85

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Canacol Energy Account Relationship Matchups

Canacol Energy income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	54.3M	64.5M	67.7M	68.6M	75.9M	79.7M
Selling General Administrative	59.5M	64.7M	69.0M	65.8M	33.3M	25.5M
Total Revenue	242.1M	278.8M	310.5M	335.7M	315.8M	331.6M
Gross Profit	187.8M	212.1M	216.6M	239.6M	275.6M	289.4M
Other Operating Expenses	139.0M	154.1M	208.0M	193.0M	77.8M	91.8M
Operating Income	97.0M	116.1M	93.3M	128.4M	238.0M	249.9M
Ebit	95.5M	108.2M	90.6M	100.1M	107.8M	113.2M
Ebitda	149.8M	172.7M	158.3M	168.7M	183.7M	192.9M
Total Operating Expenses	84.7M	87.4M	114.1M	96.9M	37.6M	59.0M
Income Before Tax	64.7M	77.4M	59.1M	66.1M	60.9M	64.0M
Total Other Income Expense Net	(41.3M)	(47.3M)	(62.8M)	(76.6M)	(177.0M)	(168.2M)
Net Income	34.2M	(4.7M)	15.2M	147.3M	86.2M	90.5M
Income Tax Expense	30.5M	82.1M	43.9M	(81.2M)	(25.3M)	(24.0M)
Cost Of Revenue	54.3M	66.7M	94.0M	96.1M	40.2M	46.7M
Net Income From Continuing Ops	34.2M	(4.7M)	15.2M	147.3M	86.2M	90.5M
Net Income Applicable To Common Shares	34.2M	(4.7M)	15.2M	147.3M	169.4M	177.8M
Tax Provision	30.5M	82.1M	43.9M	(81.2M)	(25.3M)	(24.0M)
Interest Income	29.5M	2.1M	32.2M	38.6M	2.9M	2.8M
Net Interest Income	(31.4M)	(30.8M)	(33.4M)	(38.4M)	(53.1M)	(55.8M)
Reconciled Depreciation	54.3M	64.5M	67.7M	68.6M	75.9M	64.6M

Pair Trading with Canacol Energy

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 Canacol Energy 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 Canacol Energy will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Canacol Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canacol Energy 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 Canacol Energy - 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 Canacol Energy to buy it.

The correlation of Canacol Energy 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 Canacol Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canacol Energy 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 Canacol Energy 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 Canacol Stock

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Canacol Historical Income Statement

About Canacol Income Statement Analysis

Canacol Energy Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Canacol Energy income statement Correlations

Canacol Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canacol Energy income statement Accounts

Pair Trading with Canacol Energy

Other Information on Investing in Canacol Stock

COMMON DESTINATIONS

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Gross Profit	+ 0.97	Total Revenue
Ebitda	+ 0.93	Gross Profit
Net Income From Continuing Ops	+ 0.93	Net Income
Ebitda	+ 0.92	Total Revenue
Tax Provision	+ 0.92	Income Tax Expense
Total Operating Expenses	+ 0.91	Other Operating Expenses

Net Interest Income	- 0.93	Interest Expense
Net Interest Income	- 0.87	Operating Income
Net Interest Income	- 0.87	Gross Profit
Reconciled Depreciation	- 0.85	Net Interest Income
Net Interest Income	- 0.78	Ebitda
Net Interest Income	- 0.78	Total Revenue