Pine Historical Income Statement
PNE Stock | CAD 0.87 0.01 1.16% |
Historical analysis of Pine Cliff income statement accounts such as Total Revenue of 185.1 M, Gross Profit of 15.3 M, Other Operating Expenses of 86.8 M or Operating Income of 6.4 M can show how well Pine Cliff Energy performed in making a profits. Evaluating Pine Cliff income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Pine Cliff's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Pine Cliff 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 Pine Cliff Energy is a good buy for the upcoming year.
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About Pine Income Statement Analysis
Pine Cliff 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 Pine Cliff shareholders. The income statement also shows Pine 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).
Pine Cliff Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts Pine Cliff 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.Cost Of Revenue
Cost of Revenue is found on Pine Cliff Energy income statement and represents the costs associated with goods and services Pine Cliff provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Pine Cliff's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Pine Cliff 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pine Cliff 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. At this time, Pine Cliff's Cost Of Revenue is very stable compared to the past year. As of the 28th of November 2024, Income Before Tax is likely to grow to about 2.7 M, while Depreciation And Amortization is likely to drop about 30.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 109.7M | 230.2M | 16.1M | 15.3M | Total Revenue | 167.7M | 310.0M | 176.3M | 185.1M |
Pine Cliff income statement Correlations
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Pine Cliff Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pine Cliff income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 53.1M | 50.1M | 46.4M | 50.2M | 50.8M | 30.1M | |
Interest Expense | 5.3M | 5.3M | 5.0M | 2.5M | 756K | 718.2K | |
Selling General Administrative | 17.5M | 14.4M | 16.1M | 20.1M | 7.5M | 8.9M | |
Total Revenue | 105.0M | 107.3M | 167.7M | 310.0M | 176.3M | 185.1M | |
Gross Profit | 52.6M | 55.6M | 109.7M | 230.2M | 16.1M | 15.3M | |
Other Operating Expenses | 148.2M | 143.7M | 146.1M | 192.4M | 170.5M | 86.8M | |
Operating Income | (42.1M) | (36.4M) | 21.7M | 118.1M | 5.8M | 6.4M | |
Ebit | (51.1M) | (44.8M) | 35.8M | 125.1M | 3.3M | 3.5M | |
Ebitda | 2.0M | 5.3M | 82.2M | 175.3M | 54.1M | 56.8M | |
Cost Of Revenue | 52.4M | 51.7M | 58.0M | 79.8M | 160.1M | 168.2M | |
Total Operating Expenses | 95.7M | 92.1M | 88.0M | 112.6M | 10.4M | 9.8M | |
Income Before Tax | (56.4M) | (50.1M) | 30.8M | 122.6M | 2.6M | 2.7M | |
Total Other Income Expense Net | (12.8M) | (13.7M) | (32.2M) | 9.6M | (3.2M) | (3.4M) | |
Net Income | (62.8M) | (55.4M) | 81.4M | 108.9M | 9.1M | 9.6M | |
Income Tax Expense | 6.4M | 5.3M | (50.6M) | 13.6M | (6.6M) | (6.2M) | |
Net Income From Continuing Ops | (56.4M) | (50.1M) | 81.4M | 108.9M | 9.1M | 9.6M | |
Net Income Applicable To Common Shares | (56.4M) | (50.1M) | 81.4M | 108.9M | 125.3M | 131.5M | |
Interest Income | 5.3M | 5.3M | 5.0M | 2.0M | 2.2M | 3.5M | |
Net Interest Income | (5.3M) | (5.3M) | (5.0M) | (2.0M) | 1.5M | 1.5M | |
Reconciled Depreciation | 46.9M | 45.4M | 41.0M | 44.1M | 43.9M | 35.9M |
Pair Trading with Pine Cliff
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 Pine Cliff 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 Pine Cliff will appreciate offsetting losses from the drop in the long position's value.Moving against Pine Stock
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The ability to find closely correlated positions to Pine Cliff could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pine Cliff 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 Pine Cliff - 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 Pine Cliff Energy to buy it.
The correlation of Pine Cliff 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 Pine Cliff moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pine Cliff 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 Pine Cliff 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.Other Information on Investing in Pine Stock
Pine Cliff 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 Pine Cliff shareholders. The income statement also shows Pine 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).