Cenovus Historical Income Statement

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Historical analysis of Cenovus Energy income statement accounts such as Interest Expense of 557.4 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 board of governors.

To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy 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 this time, Cenovus Energy's Net Income is very stable compared to the past year. As of the 23rd of November 2024, Income Tax Expense is likely to grow to about 977.5 M, while Depreciation And Amortization is likely to drop about 2.5 B.

Selling General Administrative Selling And Marketing Expenses Total Revenue Gross Profit

Total Revenue

Total revenue comprises all receipts Cenovus 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 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 board of governors.

To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.At this time, Cenovus Energy's Net Income is very stable compared to the past year. As of the 23rd of November 2024, Income Tax Expense is likely to grow to about 977.5 M, while Depreciation And Amortization is likely to drop about 2.5 B.

	2021	2022	2024 (projected)
Interest Expense	1.0B	812M	557.4M
Depreciation And Amortization	4.5B	4.5B	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	Research Development	Net Income From Continuing Ops	Discontinued Operations	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.67	0.91	-0.26	0.91	0.68	0.94	0.62	0.6	0.74	0.85	0.4	0.47	-0.55	0.43	0.46	-0.5	0.52	0.38	0.58	0.67	-0.2	-0.8	0.91
Interest Expense	0.67		0.79	-0.12	0.63	0.55	0.68	0.33	0.31	0.42	0.57	0.69	0.14	-0.52	0.13	0.2	-0.14	0.23	0.49	0.37	0.44	-0.06	-0.93	0.73
Selling General Administrative	0.91	0.79		-0.24	0.94	0.78	0.96	0.69	0.68	0.78	0.86	0.53	0.51	-0.59	0.44	0.58	-0.39	0.55	0.27	0.39	0.77	-0.12	-0.82	0.87
Selling And Marketing Expenses	-0.26	-0.12	-0.24		-0.18	0.0	-0.2	-0.28	-0.28	-0.42	-0.59	0.42	-0.3	0.04	-0.32	-0.18	-0.15	-0.44	-0.19	-0.39	-0.35	0.4	0.2	-0.39
Total Revenue	0.91	0.63	0.94	-0.18		0.9	0.99	0.84	0.82	0.88	0.89	0.51	0.68	-0.57	0.62	0.69	-0.47	0.68	0.27	0.48	0.84	0.0	-0.72	0.79
Gross Profit	0.68	0.55	0.78	0.0	0.9		0.86	0.9	0.89	0.87	0.75	0.62	0.75	-0.54	0.68	0.79	-0.44	0.68	0.13	0.38	0.83	0.22	-0.58	0.56
Other Operating Expenses	0.94	0.68	0.96	-0.2	0.99	0.86		0.78	0.77	0.85	0.89	0.53	0.61	-0.59	0.56	0.62	-0.45	0.63	0.32	0.49	0.8	-0.02	-0.76	0.83
Operating Income	0.62	0.33	0.69	-0.28	0.84	0.9	0.78		1.0	0.98	0.83	0.23	0.93	-0.39	0.86	0.9	-0.43	0.86	0.02	0.41	0.91	0.02	-0.41	0.56
Ebit	0.6	0.31	0.68	-0.28	0.82	0.89	0.77	1.0		0.97	0.81	0.21	0.93	-0.37	0.86	0.91	-0.4	0.86	0.01	0.38	0.91	0.02	-0.39	0.54
Ebitda	0.74	0.42	0.78	-0.42	0.88	0.87	0.85	0.98	0.97		0.93	0.22	0.89	-0.44	0.82	0.85	-0.42	0.86	0.13	0.5	0.93	-0.09	-0.54	0.7
Cost Of Revenue	0.85	0.57	0.86	-0.59	0.89	0.75	0.89	0.83	0.81	0.93		0.25	0.7	-0.51	0.66	0.66	-0.33	0.74	0.3	0.58	0.85	-0.19	-0.7	0.84
Total Operating Expenses	0.4	0.69	0.53	0.42	0.51	0.62	0.53	0.23	0.21	0.22	0.25		0.01	-0.53	-0.02	0.13	-0.17	-0.01	0.28	0.15	0.24	0.45	-0.62	0.3
Income Before Tax	0.47	0.14	0.51	-0.3	0.68	0.75	0.61	0.93	0.93	0.89	0.7	0.01		-0.03	0.97	0.89	-0.26	0.95	0.06	0.3	0.88	0.08	-0.22	0.38
Total Other Income Expense Net	-0.55	-0.52	-0.59	0.04	-0.57	-0.54	-0.59	-0.39	-0.37	-0.44	-0.51	-0.53	-0.03		0.1	-0.2	0.57	0.03	0.08	-0.4	-0.26	0.24	0.58	-0.6
Net Income	0.43	0.13	0.44	-0.32	0.62	0.68	0.56	0.86	0.86	0.82	0.66	-0.02	0.97	0.1		0.78	-0.12	0.97	0.23	0.34	0.81	0.1	-0.21	0.32
Income Tax Expense	0.46	0.2	0.58	-0.18	0.69	0.79	0.62	0.9	0.91	0.85	0.66	0.13	0.89	-0.2	0.78		-0.43	0.76	-0.16	0.2	0.92	0.14	-0.25	0.43
Research Development	-0.5	-0.14	-0.39	-0.15	-0.47	-0.44	-0.45	-0.43	-0.4	-0.42	-0.33	-0.17	-0.26	0.57	-0.12	-0.43		-0.12	0.29	-0.41	-0.3	0.19	0.27	-0.47
Net Income From Continuing Ops	0.52	0.23	0.55	-0.44	0.68	0.68	0.63	0.86	0.86	0.86	0.74	-0.01	0.95	0.03	0.97	0.76	-0.12		0.22	0.33	0.85	0.02	-0.27	0.41
Discontinued Operations	0.38	0.49	0.27	-0.19	0.27	0.13	0.32	0.02	0.01	0.13	0.3	0.28	0.06	0.08	0.23	-0.16	0.29	0.22		0.55	0.09	0.16	-0.55	0.33
Non Recurring	0.58	0.37	0.39	-0.39	0.48	0.38	0.49	0.41	0.38	0.5	0.58	0.15	0.3	-0.4	0.34	0.2	-0.41	0.33	0.55		0.26	-0.07	-0.56	0.52
Tax Provision	0.67	0.44	0.77	-0.35	0.84	0.83	0.8	0.91	0.91	0.93	0.85	0.24	0.88	-0.26	0.81	0.92	-0.3	0.85	0.09	0.26		0.07	-0.48	0.64
Interest Income	-0.2	-0.06	-0.12	0.4	0.0	0.22	-0.02	0.02	0.02	-0.09	-0.19	0.45	0.08	0.24	0.1	0.14	0.19	0.02	0.16	-0.07	0.07		0.17	-0.43
Net Interest Income	-0.8	-0.93	-0.82	0.2	-0.72	-0.58	-0.76	-0.41	-0.39	-0.54	-0.7	-0.62	-0.22	0.58	-0.21	-0.25	0.27	-0.27	-0.55	-0.56	-0.48	0.17		-0.87
Reconciled Depreciation	0.91	0.73	0.87	-0.39	0.79	0.56	0.83	0.56	0.54	0.7	0.84	0.3	0.38	-0.6	0.32	0.43	-0.47	0.41	0.33	0.52	0.64	-0.43	-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	2.3B	2.5B	4.5B	4.5B	4.8B	2.5B
Interest Expense	595M	547M	511M	1.0B	812M	557.4M
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	6.2B	5.4B
Other Operating Expenses	19.6B	15.7B	45.3B	61.4B	46.7B	24.5B
Operating Income	1.9B	(2.2B)	3.9B	11.0B	5.5B	5.7B
Ebit	1.8B	(2.3B)	3.7B	10.8B	5.5B	5.7B
Ebitda	4.1B	183M	8.2B	15.3B	10.3B	10.8B
Cost Of Revenue	17.0B	13.4B	39.7B	54.9B	46.0B	48.3B
Total Operating Expenses	2.5B	2.3B	5.6B	6.5B	688M	653.6M
Income Before Tax	1.4B	(3.2B)	1.3B	8.7B	5.0B	5.2B
Total Other Income Expense Net	(461M)	(1.1B)	(2.6B)	(2.2B)	(483M)	(507.2M)
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
Net Income Applicable To Common Shares	2.2B	(2.4B)	553M	6.4B	7.4B	7.7B
Tax Provision	(797M)	(851M)	728M	2.3B	931M	977.6M
Interest Income	166M	572M	23M	1.9B	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

Pair Trading with Cenovus 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 Cenovus 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 Cenovus Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Cenovus Stock

0.53	FFH	Fairfax Financial	Pair Corr
0.5	ENS	E Split Corp	Pair Corr
0.45	ENB-PFV	Enbridge Pref 5	Pair Corr
0.43	FFH-PC	Fairfax Fin Hld	Pair Corr
0.4	ENS-PA	E Split Corp	Pair Corr

The ability to find closely correlated positions to Cenovus 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 Cenovus 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 Cenovus 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 Cenovus Energy to buy it.

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

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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To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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

Total Revenue

Gross Profit

Cenovus Energy income statement Correlations

Cenovus Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cenovus Energy income statement Accounts

Pair Trading with Cenovus Energy

Moving against Cenovus Stock

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Ebit	+ 1.0	Operating Income
Other Operating Expenses	+ 0.99	Total Revenue
Ebitda	+ 0.98	Operating Income
Ebitda	+ 0.97	Ebit
Net Income	+ 0.97	Income Before Tax
Net Income From Continuing Ops	+ 0.97	Net Income

Net Interest Income	- 0.93	Interest Expense
Reconciled Depreciation	- 0.87	Net Interest Income
Net Interest Income	- 0.82	Selling General Administrative
Net Interest Income	- 0.8	Depreciation And Amortization
Net Interest Income	- 0.76	Other Operating Expenses
Net Interest Income	- 0.72	Total Revenue