First Historical Income Statement

FCR-UN Stock

CAD 16.54 0.02 0.12%

Historical analysis of First Capital income statement accounts such as Other Operating Expenses of 228.5 M or Operating Income of 259.4 M can show how well First Capital Real performed in making a profits. Evaluating First Capital income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Capital'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 First Capital Real 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 Capital Real 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 Capital Real. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

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

About First Income Statement Analysis

First Capital Real 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 Capital 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 Capital Income Statement Chart

At present, First Capital's Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Depreciation And Amortization is expected to grow to about 391.3 M, whereas Total Revenue is forecasted to decline to about 487 M.

Total Revenue Gross Profit Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts First Capital Real 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 First Capital Real minus its cost of goods sold. It is profit before First Capital 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of First Capital Real. It is also known as First Capital 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 Capital Real 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 Capital Real 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 Capital's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Capital Real 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 Capital Real. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For information on how to trade First Stock refer to our How to Trade First Stock guide.At present, First Capital's Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Depreciation And Amortization is expected to grow to about 391.3 M, whereas Total Revenue is forecasted to decline to about 487 M.

	2022	2023	2024	2025 (projected)
Gross Profit	425.5M	425.3M	447.3M	310.7M
Total Revenue	693.1M	688.0M	713.5M	487.0M

Gross Profit Total Revenue

First Capital income statement Correlations

	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Ebit	Cost Of Revenue	Interest Expense	Selling General Administrative	Tax Provision	Net Interest Income	Interest Income	Net Income From Continuing Ops	Research Development	Minority Interest	Reconciled Depreciation
Total Revenue		1.0	0.98	0.98	0.97	0.01	0.2	-0.09	0.21	0.03	0.44	-0.01	0.98	0.63	0.27	-0.3	0.17	0.28	-0.12	-0.2	-0.13	0.27
Gross Profit	1.0		0.97	0.98	0.97	0.02	0.23	-0.05	0.25	0.06	0.42	0.02	0.97	0.65	0.29	-0.27	0.2	0.31	-0.09	-0.16	-0.11	0.22
Other Operating Expenses	0.98	0.97		0.95	0.96	0.16	0.1	-0.18	0.14	-0.1	0.52	-0.08	0.98	0.62	0.4	-0.4	0.29	0.31	-0.19	-0.31	-0.28	0.34
Operating Income	0.98	0.98	0.95		0.95	-0.08	0.15	-0.13	0.17	0.01	0.41	0.0	0.96	0.59	0.25	-0.34	0.14	0.32	-0.17	-0.21	-0.09	0.25
Ebitda	0.97	0.97	0.96	0.95		0.11	0.22	-0.03	0.24	0.06	0.48	-0.04	0.94	0.6	0.34	-0.25	0.35	0.46	-0.09	-0.18	-0.1	0.12
Total Operating Expenses	0.01	0.02	0.16	-0.08	0.11		-0.13	-0.12	-0.1	-0.34	0.38	-0.08	0.04	0.39	0.45	-0.28	0.71	0.22	-0.18	-0.35	-0.51	0.13
Income Before Tax	0.2	0.23	0.1	0.15	0.22	-0.13		0.93	0.99	0.65	0.03	0.06	0.1	0.24	-0.03	0.46	-0.1	0.11	0.84	0.74	0.43	-0.4
Total Other Income Expense Net	-0.09	-0.05	-0.18	-0.13	-0.03	-0.12	0.93		0.89	0.73	-0.19	0.18	-0.21	0.09	-0.09	0.67	-0.1	0.03	0.87	0.85	0.49	-0.64
Net Income	0.21	0.25	0.14	0.17	0.24	-0.1	0.99	0.89		0.52	0.05	0.04	0.13	0.28	0.02	0.34	-0.12	0.16	0.86	0.71	0.42	-0.34
Income Tax Expense	0.03	0.06	-0.1	0.01	0.06	-0.34	0.65	0.73	0.52		-0.21	0.19	-0.08	-0.08	-0.3	0.87	-0.13	-0.21	0.44	0.64	0.37	-0.55
Depreciation And Amortization	0.44	0.42	0.52	0.41	0.48	0.38	0.03	-0.19	0.05	-0.21		-0.82	0.52	0.12	0.41	-0.42	0.51	0.35	-0.21	-0.3	-0.38	0.48
Ebit	-0.01	0.02	-0.08	0.0	-0.04	-0.08	0.06	0.18	0.04	0.19	-0.82		-0.11	0.4	-0.22	0.29	-0.22	-0.15	0.15	0.19	0.27	-0.43
Cost Of Revenue	0.98	0.97	0.98	0.96	0.94	0.04	0.1	-0.21	0.13	-0.08	0.52	-0.11		0.6	0.27	-0.4	0.17	0.26	-0.2	-0.31	-0.19	0.4
Interest Expense	0.63	0.65	0.62	0.59	0.6	0.39	0.24	0.09	0.28	-0.08	0.12	0.4	0.6		0.15	-0.23	0.14	0.22	0.08	-0.08	0.06	0.0
Selling General Administrative	0.27	0.29	0.4	0.25	0.34	0.45	-0.03	-0.09	0.02	-0.3	0.41	-0.22	0.27	0.15		-0.34	0.61	0.34	-0.07	-0.05	-0.6	0.17
Tax Provision	-0.3	-0.27	-0.4	-0.34	-0.25	-0.28	0.46	0.67	0.34	0.87	-0.42	0.29	-0.4	-0.23	-0.34		-0.15	-0.27	0.51	0.72	0.43	-0.72
Net Interest Income	0.17	0.2	0.29	0.14	0.35	0.71	-0.1	-0.1	-0.12	-0.13	0.51	-0.22	0.17	0.14	0.61	-0.15		0.61	-0.24	-0.22	-0.42	-0.01
Interest Income	0.28	0.31	0.31	0.32	0.46	0.22	0.11	0.03	0.16	-0.21	0.35	-0.15	0.26	0.22	0.34	-0.27	0.61		0.08	0.0	0.26	-0.24
Net Income From Continuing Ops	-0.12	-0.09	-0.19	-0.17	-0.09	-0.18	0.84	0.87	0.86	0.44	-0.21	0.15	-0.2	0.08	-0.07	0.51	-0.24	0.08		0.87	0.57	-0.54
Research Development	-0.2	-0.16	-0.31	-0.21	-0.18	-0.35	0.74	0.85	0.71	0.64	-0.3	0.19	-0.31	-0.08	-0.05	0.72	-0.22	0.0	0.87		0.55	-0.66
Minority Interest	-0.13	-0.11	-0.28	-0.09	-0.1	-0.51	0.43	0.49	0.42	0.37	-0.38	0.27	-0.19	0.06	-0.6	0.43	-0.42	0.26	0.57	0.55		-0.64
Reconciled Depreciation	0.27	0.22	0.34	0.25	0.12	0.13	-0.4	-0.64	-0.34	-0.55	0.48	-0.43	0.4	0.0	0.17	-0.72	-0.01	-0.24	-0.54	-0.66	-0.64

Click cells to compare fundamentals

First Capital Account Relationship Matchups

First Capital income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Revenue	672.9M	674.9M	693.1M	688.0M	713.5M	487.0M
Gross Profit	399.0M	412.5M	425.5M	425.3M	447.3M	310.7M
Other Operating Expenses	293.8M	316.4M	312.9M	314.2M	361.3M	228.5M
Operating Income	383.4M	367.7M	399.3M	447.1M	388.3M	259.4M
Ebitda	389.0M	373.7M	404.9M	451.0M	518.7M	287.2M
Total Operating Expenses	20.0M	54.1M	45.3M	51.5M	325.3M	341.5M
Income Before Tax	31.4M	499.6M	(152.6M)	(139.2M)	217.5M	187.1M
Total Other Income Expense Net	(352.0M)	131.9M	(551.8M)	(383.7M)	(51.7M)	(49.1M)
Net Income	7.5M	460.1M	(159.8M)	(134.1M)	204.9M	153.6M
Income Tax Expense	23.9M	25.9M	7.2M	(4.8M)	(5.5M)	(5.2M)
Depreciation And Amortization	284.5M	301.6M	328.1M	324.1M	372.7M	391.3M
Ebit	104.5M	72.0M	76.8M	126.9M	146.0M	171.3M
Cost Of Revenue	273.9M	262.4M	267.6M	262.7M	266.2M	204.5M
Interest Expense	157.7M	152.7M	150.0M	154.1M	166.2M	172.5M
Selling General Administrative	14.4M	48.0M	39.7M	47.6M	49.0M	40.1M
Tax Provision	23.9M	25.9M	7.2M	(4.8M)	14.3M	24.8M
Net Interest Income	(145.5M)	(141.8M)	(130.2M)	(129.2M)	(119.0M)	(125.0M)
Interest Income	8.8M	6.4M	14.5M	16.1M	21.2M	12.5M
Net Income From Continuing Ops	7.5M	473.6M	(159.8M)	(134.4M)	203.2M	194.3M
Research Development	0.06	0.65	0.21	0.26	0.23	0.39
Net Income Applicable To Common Shares	401.3M	2.7M	460.1M	(160.0M)	(144.0M)	(136.8M)
Minority Interest	29.3M	(13.5M)	(236K)	308K	1.7M	1.6M
Reconciled Depreciation	5.6M	6.0M	5.7M	3.9M	2.6M	4.6M

Pair Trading with First Capital

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

Moving against First Stock

0.31

BRK

Berkshire Hathaway CDR

Pair Corr

The ability to find closely correlated positions to First Capital 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 Capital 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 Capital - 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 Capital Real to buy it.

The correlation of First Capital 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 Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Capital Real 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 Capital 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 Capital Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

First Capital income statement Correlations

First Capital Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Capital income statement Accounts

Pair Trading with First Capital

Moving against First Stock

Other Information on Investing in First Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Gross Profit	+ 1.0	Total Revenue
Net Income	+ 0.99	Income Before Tax
Other Operating Expenses	+ 0.98	Total Revenue
Operating Income	+ 0.98	Total Revenue
Cost Of Revenue	+ 0.98	Total Revenue
Operating Income	+ 0.98	Gross Profit

Ebit	- 0.82	Depreciation And Amortization
Reconciled Depreciation	- 0.72	Tax Provision
Reconciled Depreciation	- 0.66	Research Development
Reconciled Depreciation	- 0.64	Minority Interest
Reconciled Depreciation	- 0.64	Total Other Income Expense Net
Minority Interest	- 0.6	Selling General Administrative