First Historical Income Statement

FN Stock

CAD 44.04 0.07 0.16%

Historical analysis of First National income statement accounts such as Other Operating Expenses of 280.8 M or Operating Income of 578.5 M can show how well First National Financial performed in making a profits. Evaluating First National income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First National's future profits or losses.

Cash Flow Balance Sheet Income Statement

Housing Crash

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Covid

Financial Statement Analysis is much more than just reviewing and examining First National Financial 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 First National Financial is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First National Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

About First Income Statement Analysis

First National Financial 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 First National shareholders. The income statement also shows First 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).

First National Income Statement Chart

At this time, First National's Total Operating Expenses is very stable compared to the past year.

Total Revenue Other Operating Expenses Operating Income Ebitda

Total Revenue

Total revenue comprises all receipts First National Financial 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of First National Financial. It is also known as First National 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.

Operating Income

Operating Income is the amount of profit realized from First National Financial operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of First National Financial is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from First National's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First National Financial 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First National Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, First National's Total Operating Expenses is very stable compared to the past year.

	2021	2022	2023	2024 (projected)
Operating Income	263.8M	252.4M	550.9M	578.5M
Other Operating Expenses	249.8M	429.9M	200.5M	280.8M

Operating Income Other Operating Expenses

First National income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Income Before Tax	Cost Of Revenue	Depreciation And Amortization	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Research Development	Reconciled Depreciation
Interest Expense		0.95	-0.8	0.11	0.92	0.01	0.92	-0.13	-0.22	0.67	0.67	0.79	0.68	0.82	0.25	0.49	0.81	-0.73	0.84	-0.81	0.74
Total Revenue	0.95		-0.7	0.19	0.91	-0.08	0.92	-0.22	-0.27	0.76	0.76	0.85	0.78	0.81	0.33	0.6	0.84	-0.71	0.78	-0.75	0.78
Gross Profit	-0.8	-0.7		-0.2	-0.65	0.3	-0.64	0.39	0.07	-0.53	-0.52	-0.71	-0.54	-0.9	-0.49	-0.49	-0.8	0.6	-0.71	0.76	-0.57
Other Operating Expenses	0.11	0.19	-0.2		0.12	-0.12	0.15	0.03	-0.26	0.34	0.35	0.16	0.35	0.24	0.16	-0.05	0.23	0.08	-0.2	0.3	-0.07
Operating Income	0.92	0.91	-0.65	0.12		0.22	0.98	0.13	-0.24	0.67	0.67	0.66	0.69	0.67	0.06	0.64	0.81	-0.53	0.78	-0.64	0.66
Ebit	0.01	-0.08	0.3	-0.12	0.22		0.16	0.9	-0.15	-0.34	-0.34	-0.34	-0.33	-0.4	-0.96	-0.1	-0.28	0.23	0.08	0.26	0.02
Ebitda	0.92	0.92	-0.64	0.15	0.98	0.16		0.09	-0.17	0.73	0.73	0.72	0.75	0.69	0.12	0.59	0.79	-0.48	0.74	-0.64	0.64
Total Operating Expenses	-0.13	-0.22	0.39	0.03	0.13	0.9	0.09		-0.06	-0.29	-0.28	-0.48	-0.27	-0.48	-0.88	-0.17	-0.32	0.46	-0.13	0.45	-0.26
Total Other Income Expense Net	-0.22	-0.27	0.07	-0.26	-0.24	-0.15	-0.17	-0.06		-0.14	-0.14	-0.16	-0.15	-0.12	0.1	-0.04	-0.16	0.07	-0.14	0.03	-0.24
Net Income	0.67	0.76	-0.53	0.34	0.67	-0.34	0.73	-0.29	-0.14		1.0	0.82	1.0	0.8	0.55	0.62	0.81	-0.43	0.58	-0.47	0.52
Income Tax Expense	0.67	0.76	-0.52	0.35	0.67	-0.34	0.73	-0.28	-0.14	1.0		0.81	1.0	0.79	0.54	0.6	0.79	-0.43	0.57	-0.46	0.5
Selling General Administrative	0.79	0.85	-0.71	0.16	0.66	-0.34	0.72	-0.48	-0.16	0.82	0.81		0.82	0.91	0.54	0.55	0.8	-0.63	0.77	-0.75	0.83
Income Before Tax	0.68	0.78	-0.54	0.35	0.69	-0.33	0.75	-0.27	-0.15	1.0	1.0	0.82		0.8	0.54	0.62	0.82	-0.44	0.58	-0.47	0.52
Cost Of Revenue	0.82	0.81	-0.9	0.24	0.67	-0.4	0.69	-0.48	-0.12	0.8	0.79	0.91	0.8		0.59	0.58	0.88	-0.66	0.79	-0.76	0.71
Depreciation And Amortization	0.25	0.33	-0.49	0.16	0.06	-0.96	0.12	-0.88	0.1	0.55	0.54	0.54	0.54	0.59		0.27	0.5	-0.37	0.13	-0.44	0.16
Net Income From Continuing Ops	0.49	0.6	-0.49	-0.05	0.64	-0.1	0.59	-0.17	-0.04	0.62	0.6	0.55	0.62	0.58	0.27		0.8	-0.41	0.65	-0.44	0.61
Tax Provision	0.81	0.84	-0.8	0.23	0.81	-0.28	0.79	-0.32	-0.16	0.81	0.79	0.8	0.82	0.88	0.5	0.8		-0.58	0.75	-0.64	0.67
Net Interest Income	-0.73	-0.71	0.6	0.08	-0.53	0.23	-0.48	0.46	0.07	-0.43	-0.43	-0.63	-0.44	-0.66	-0.37	-0.41	-0.58		-0.71	0.75	-0.72
Interest Income	0.84	0.78	-0.71	-0.2	0.78	0.08	0.74	-0.13	-0.14	0.58	0.57	0.77	0.58	0.79	0.13	0.65	0.75	-0.71		-0.81	0.86
Research Development	-0.81	-0.75	0.76	0.3	-0.64	0.26	-0.64	0.45	0.03	-0.47	-0.46	-0.75	-0.47	-0.76	-0.44	-0.44	-0.64	0.75	-0.81		-0.71
Reconciled Depreciation	0.74	0.78	-0.57	-0.07	0.66	0.02	0.64	-0.26	-0.24	0.52	0.5	0.83	0.52	0.71	0.16	0.61	0.67	-0.72	0.86	-0.71

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First National Account Relationship Matchups

First National income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	816.8M	761.4M	679.2M	875.3M	1.3B	1.3B
Total Revenue	407.2M	459.9M	513.6M	699.0M	751.4M	789.0M
Gross Profit	(482.4M)	(464.9M)	(391.2M)	(290.8M)	(589.2M)	(559.8M)
Other Operating Expenses	165.4M	201.1M	249.8M	429.9M	200.5M	280.8M
Operating Income	241.7M	258.7M	263.8M	252.4M	550.9M	578.5M
Ebit	(692.4M)	(704.0M)	(743.5M)	(725.0M)	497.3M	522.2M
Ebitda	249.5M	319.6M	321.9M	266.0M	511.5M	537.0M
Total Operating Expenses	(165.4M)	(201.1M)	(249.8M)	(429.9M)	200.5M	210.5M
Total Other Income Expense Net	(150.5M)	654.9M	(253.7M)	(236.9M)	(207.0M)	(196.7M)
Net Income	177.2M	190.2M	194.6M	197.7M	252.8M	134.6M
Income Tax Expense	64.5M	68.5M	69.3M	71.4M	91.1M	48.3M
Selling General Administrative	117.6M	143.5M	177.0M	193.0M	200.5M	112.9M
Income Before Tax	241.7M	258.7M	263.8M	269.1M	343.9M	194.4M
Cost Of Revenue	889.5M	924.8M	904.8M	989.8M	1.3B	671.8M
Depreciation And Amortization	941.9M	1.0B	1.1B	991.1M	14.2M	13.5M
Net Income From Continuing Ops	177.2M	190.2M	194.6M	197.7M	252.8M	197.6M
Net Income Applicable To Common Shares	174.2M	187.4M	191.9M	194.7M	223.9M	184.6M
Tax Provision	64.5M	68.5M	69.3M	71.4M	91.1M	74.9M
Net Interest Income	60.9M	76.2M	114.3M	33.3M	63.2M	62.8M
Interest Income	877.7M	837.6M	793.5M	908.6M	1.3B	940.8M
Reconciled Depreciation	7.8M	7.7M	9.2M	13.6M	14.2M	9.9M

Pair Trading with First National

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 First National 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 First National will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

0.7	X	TMX Group Limited	Pair Corr
0.95	ENB	Enbridge	Pair Corr

Moving against First Stock

0.92

BCE

BCE Inc

Pair Corr

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

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

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First Historical Income Statement

About First Income Statement Analysis

First National Income Statement Chart

Total Revenue

Other Operating Expenses

Operating Income

First National income statement Correlations

First National Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First National income statement Accounts

Pair Trading with First National

Moving together with First Stock

Moving against First Stock

Other Information on Investing in First Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Income Tax Expense	+ 1.0	Net Income
Income Before Tax	+ 1.0	Net Income
Income Before Tax	+ 1.0	Income Tax Expense
Ebitda	+ 0.98	Operating Income
Total Revenue	+ 0.95	Interest Expense
Operating Income	+ 0.92	Interest Expense

Depreciation And Amortization	- 0.96	Ebit
Cost Of Revenue	- 0.9	Gross Profit
Depreciation And Amortization	- 0.88	Total Operating Expenses
Research Development	- 0.81	Interest Income
Research Development	- 0.81	Interest Expense
Tax Provision	- 0.8	Gross Profit