Cenovus Historical Income Statement

CVE Stock

USD 15.77 0.06 0.38%

Historical analysis of Cenovus Energy income statement accounts such as Interest Expense of 574.7 M, Selling General Administrative of 443.6 M or Selling And Marketing Expenses of 784.2 M can show how well Cenovus Energy performed in making a profits. Evaluating Cenovus Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cenovus 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 Cenovus 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 Cenovus 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 Cenovus 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 real.

For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.

About Cenovus Income Statement Analysis

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

Cenovus Energy Income Statement Chart

At present, Cenovus Energy's EBIT is projected to increase significantly based on the last few years of reporting. The current year's EBITDA is expected to grow to about 10.9 B, whereas Interest Expense is forecasted to decline to about 574.7 M.

Selling General Administrative Selling And Marketing Expenses Gross Profit

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Cenovus Energy minus its cost of goods sold. It is profit before Cenovus 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.

Most accounts from Cenovus Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cenovus 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 Cenovus 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 real.

For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.At present, Cenovus Energy's EBIT is projected to increase significantly based on the last few years of reporting. The current year's EBITDA is expected to grow to about 10.9 B, whereas Interest Expense is forecasted to decline to about 574.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.0B	812M	723M	574.7M
Depreciation And Amortization	4.5B	4.5B	4.6B	2.5B

Interest Expense Depreciation And Amortization

Cenovus Energy income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Net Income From Continuing Ops	Research Development	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.86	0.93	-0.26	0.92	0.77	0.95	0.62	0.63	0.75	0.87	0.64	0.47	-0.49	0.43	0.46	0.57	-0.18	0.69	-0.61	-0.82	0.92
Interest Expense	0.86		0.9	-0.24	0.76	0.59	0.81	0.42	0.4	0.54	0.73	0.46	0.24	-0.46	0.23	0.27	0.4	0.06	0.53	-0.44	-0.94	0.85
Selling General Administrative	0.93	0.9		-0.24	0.94	0.83	0.96	0.69	0.68	0.78	0.88	0.55	0.51	-0.54	0.44	0.58	0.59	-0.13	0.77	-0.53	-0.82	0.87
Selling And Marketing Expenses	-0.26	-0.24	-0.24		-0.18	-0.08	-0.2	-0.28	-0.31	-0.43	-0.55	-0.81	-0.3	0.03	-0.32	-0.18	-0.47	-0.19	-0.35	0.34	0.2	-0.39
Total Revenue	0.92	0.76	0.94	-0.18		0.95	0.99	0.84	0.83	0.88	0.91	0.58	0.68	-0.51	0.62	0.69	0.71	-0.27	0.84	-0.5	-0.72	0.79
Gross Profit	0.77	0.59	0.83	-0.08	0.95		0.92	0.93	0.91	0.91	0.84	0.49	0.79	-0.47	0.72	0.8	0.73	-0.36	0.86	-0.37	-0.58	0.63
Other Operating Expenses	0.95	0.81	0.96	-0.2	0.99	0.92		0.78	0.77	0.85	0.91	0.6	0.61	-0.53	0.56	0.62	0.67	-0.22	0.8	-0.51	-0.76	0.83
Operating Income	0.62	0.42	0.69	-0.28	0.84	0.93	0.78		1.0	0.97	0.83	0.55	0.93	-0.35	0.86	0.9	0.85	-0.42	0.91	-0.43	-0.41	0.55
Ebit	0.63	0.4	0.68	-0.31	0.83	0.91	0.77	1.0		0.98	0.84	0.58	0.93	-0.34	0.86	0.9	0.85	-0.42	0.91	-0.44	-0.4	0.56
Ebitda	0.75	0.54	0.78	-0.43	0.88	0.91	0.85	0.97	0.98		0.93	0.7	0.88	-0.39	0.82	0.84	0.86	-0.36	0.92	-0.54	-0.54	0.71
Cost Of Revenue	0.87	0.73	0.88	-0.55	0.91	0.84	0.91	0.83	0.84	0.93		0.81	0.7	-0.47	0.65	0.66	0.77	-0.19	0.86	-0.59	-0.72	0.85
Total Operating Expenses	0.64	0.46	0.55	-0.81	0.58	0.49	0.6	0.55	0.58	0.7	0.81		0.5	-0.26	0.5	0.39	0.6	-0.02	0.58	-0.4	-0.46	0.65
Income Before Tax	0.47	0.24	0.51	-0.3	0.68	0.79	0.61	0.93	0.93	0.88	0.7	0.5		0.02	0.97	0.89	0.92	-0.31	0.88	-0.28	-0.22	0.38
Total Other Income Expense Net	-0.49	-0.46	-0.54	0.03	-0.51	-0.47	-0.53	-0.35	-0.34	-0.39	-0.47	-0.26	0.02		0.14	-0.15	0.05	0.38	-0.19	0.51	0.53	-0.53
Net Income	0.43	0.23	0.44	-0.32	0.62	0.72	0.56	0.86	0.86	0.82	0.65	0.5	0.97	0.14		0.78	0.94	-0.18	0.81	-0.21	-0.21	0.32
Income Tax Expense	0.46	0.27	0.58	-0.18	0.69	0.8	0.62	0.9	0.9	0.84	0.66	0.39	0.89	-0.15	0.78		0.72	-0.46	0.92	-0.23	-0.25	0.43
Net Income From Continuing Ops	0.57	0.4	0.59	-0.47	0.71	0.73	0.67	0.85	0.85	0.86	0.77	0.6	0.92	0.05	0.94	0.72		-0.03	0.84	-0.37	-0.32	0.45
Research Development	-0.18	0.06	-0.13	-0.19	-0.27	-0.36	-0.22	-0.42	-0.42	-0.36	-0.19	-0.02	-0.31	0.38	-0.18	-0.46	-0.03		-0.23	0.28	0.07	-0.26
Tax Provision	0.69	0.53	0.77	-0.35	0.84	0.86	0.8	0.91	0.91	0.92	0.86	0.58	0.88	-0.19	0.81	0.92	0.84	-0.23		-0.39	-0.48	0.64
Interest Income	-0.61	-0.44	-0.53	0.34	-0.5	-0.37	-0.51	-0.43	-0.44	-0.54	-0.59	-0.4	-0.28	0.51	-0.21	-0.23	-0.37	0.28	-0.39		0.45	-0.71
Net Interest Income	-0.82	-0.94	-0.82	0.2	-0.72	-0.58	-0.76	-0.41	-0.4	-0.54	-0.72	-0.46	-0.22	0.53	-0.21	-0.25	-0.32	0.07	-0.48	0.45		-0.87
Reconciled Depreciation	0.92	0.85	0.87	-0.39	0.79	0.63	0.83	0.55	0.56	0.71	0.85	0.65	0.38	-0.53	0.32	0.43	0.45	-0.26	0.64	-0.71	-0.87

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Cenovus Energy Account Relationship Matchups

Cenovus Energy income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	2.2B	2.5B	4.5B	4.5B	4.6B	2.5B
Interest Expense	547M	511M	1.0B	812M	723M	574.7M
Selling General Administrative	336M	274M	849M	865M	688M	443.6M
Total Revenue	21.4B	13.6B	48.8B	71.8B	52.2B	26.7B
Gross Profit	4.3B	200M	9.1B	16.9B	9.4B	5.7B
Other Operating Expenses	19.6B	15.7B	45.3B	61.4B	46.8B	24.5B
Operating Income	1.9B	(2.2B)	3.9B	11.0B	5.4B	5.7B
Ebit	1.9B	(1.7B)	3.7B	10.8B	5.8B	6.1B
Ebitda	4.1B	770M	8.2B	15.3B	10.4B	10.9B
Cost Of Revenue	17.0B	13.4B	39.7B	54.9B	42.8B	44.9B
Total Operating Expenses	2.5B	2.3B	5.6B	6.5B	12.7B	13.3B
Income Before Tax	1.4B	(3.2B)	1.3B	8.7B	5.0B	5.3B
Total Other Income Expense Net	(461M)	(647M)	(2.2B)	(1.6B)	(371M)	(389.6M)
Net Income Applicable To Common Shares	2.2B	(2.4B)	553M	6.4B	7.4B	7.7B
Net Income	2.2B	(2.4B)	587M	6.5B	4.1B	4.3B
Income Tax Expense	(797M)	(851M)	728M	2.3B	931M	977.6M
Net Income From Continuing Ops	2.2B	(2.4B)	587M	6.5B	4.1B	4.3B
Tax Provision	(797M)	(851M)	728M	2.3B	931M	977.6M
Interest Income	166M	9M	23M	110M	217M	206.2M
Net Interest Income	(441M)	(499M)	(1.1B)	(739M)	(538M)	(564.9M)
Reconciled Depreciation	2.2B	3.5B	5.9B	4.4B	4.6B	3.9B

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When determining whether Cenovus Energy is a strong investment it is important to analyze Cenovus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cenovus Energy's future performance. For an informed investment choice regarding Cenovus Stock, refer to the following important reports:

How To Invest In Cenovus

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Is Cenovus Stock a good investment?

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What is Cenovus Energy's Net Worth?

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You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cenovus Energy. If investors know Cenovus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cenovus Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.57)

Dividend Share

0.775

Earnings Share

1.42

Revenue Per Share

29.87

Quarterly Revenue Growth

(0.02)

The market value of Cenovus Energy is measured differently than its book value, which is the value of Cenovus that is recorded on the company's balance sheet. Investors also form their own opinion of Cenovus Energy's value that differs from its market value or its book value, called intrinsic value, which is Cenovus Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cenovus Energy's market value can be influenced by many factors that don't directly affect Cenovus Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Cenovus Historical Income Statement

About Cenovus Income Statement Analysis

Cenovus Energy Income Statement Chart

Gross Profit

Cenovus Energy income statement Correlations

Cenovus Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cenovus Energy income statement Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Ebit	+ 1.0	Operating Income
Other Operating Expenses	+ 0.99	Total Revenue
Ebitda	+ 0.98	Ebit
Ebitda	+ 0.97	Operating Income
Net Income	+ 0.97	Income Before Tax
Other Operating Expenses	+ 0.96	Selling General Administrative

Net Interest Income	- 0.94	Interest Expense
Reconciled Depreciation	- 0.87	Net Interest Income
Net Interest Income	- 0.82	Selling General Administrative
Net Interest Income	- 0.82	Depreciation And Amortization
Total Operating Expenses	- 0.81	Selling And Marketing Expenses
Net Interest Income	- 0.76	Other Operating Expenses