Veren Inc. (VRN)

Veren Income Statement

Financials in millions CAD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	3,367	3,098	2,440	2,004	2,656
Revenue Growth (YoY)	8.69%	26.97%	21.78%	-24.57%	-14.88%
Cost of Revenue	1,013	862.1	775.6	675.1	876.7
Gross Profit	2,354	2,236	1,664	1,329	1,780
Selling, General & Admin	126.5	78.4	89.8	78.7	91.9
Other Operating Expenses	1,055	513.2	-1,675.5	4,293	2,771
Operating Expenses	1,181	591.6	-1,585.7	4,371	2,863
Operating Income	1,173	1,644	3,250	-3,042.7	-1,083
Interest Expense / Income	129.4	63.6	90.6	109.1	170.4
Other Expense / Income	219.1	-317.9	-4.4	-4.3	-61.1
Pretax Income	824	1,899	3,164	-3,147.5	-1,192.3
Income Tax	253.7	415.1	799.7	-627.6	-159
Net Income	570.3	1,483	2,364	-2,519.9	-1,033.3
Net Income Growth	-61.55%	-37.25%	-	-	-
Shares Outstanding (Basic)	534	564	582	530	550
Shares Change	-5.20%	-3.17%	9.86%	-3.71%	0.80%
EPS (Basic)	1.05	2.62	4.15	-4.76	-1.89
EPS (Diluted)	1.04	2.60	4.11	-4.76	-1.89
EPS Growth	-60.00%	-36.74%	-	-	-
Free Cash Flow	-2,036.5	1,358	240.8	670.1	1,338
Free Cash Flow Per Share	-3.81	2.41	0.41	1.26	2.43
Dividend Per Share	0.359	0.232	0.030	0.017	0.040
Dividend Growth	54.74%	673.33%	76.47%	-57.50%	-85.61%
Gross Margin	69.90%	72.17%	68.21%	66.31%	66.99%
Operating Margin	34.82%	53.07%	133.20%	-151.86%	-40.77%
Profit Margin	16.94%	47.88%	96.89%	-125.77%	-38.90%
Free Cash Flow Margin	-60.48%	43.83%	9.87%	33.44%	50.37%
Effective Tax Rate	30.79%	21.86%	25.28%	-	-
EBITDA	2,041	2,933	4,056	-2,312.1	1,724
EBITDA Margin	60.62%	94.68%	166.23%	-115.40%	64.90%
Depreciation & Amortization	1,088	970.9	801.5	726.3	2,746
EBIT	953.4	1,962	3,254	-3,038.4	-1,021.9
EBIT Margin	28.32%	63.34%	133.38%	-151.65%	-38.47%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).