Cenovus Historical Income Statement
| CVE Stock | USD 15.84 0.35 2.16% |
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.
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.
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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
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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 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 |
Cenovus Energy income statement Correlations
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Cenovus Energy Account Relationship Matchups
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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 | 5.6B | 3.6B | |
| 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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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: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.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.