Financial Statements

Abrdn Income Credit Strategies Fund (ACP)

$6.75

+0.01 (+0.15%)

Balance Sheet Statement

All numbers are in thousands
Year XLSX
2023
XLSX
2022
XLSX
2021
XLSX
2020
XLSX
2019
Total assets 486,069.43300,674.95409,135.82263,972.76242,518.95
Total Current Assets 10,400.466,466.569,361.546,997.828,589.38
Cash and Short Term Investments 21.51107.1915,760.221,484.697,860.11
Cash and cash equivalents 21.51107.19-1,484.691,034.51
Short Term Investments 13,611.9313,216.2915,760.226,577.896,825.60
Receivables 10,378.966,359.389,361.545,513.128,589.38
Inventory 24,012.400-13,685-
Other Current Assets -24,012.40-20,736.09-25,121.76-13,685-16,449.49
Total non-current Assets 475,527.80294,095.73399,695.53256,952.95233,744.26
Long Term Investments 475,527.80294,095.73399,695.53256,952.95233,744.26
Other non-current Assets -475,527.80-294,095.73-399,695.53-256,952.95-233,744.26
Other Assets 141.17112.6578.7521.99185.31
Total liabilities 146,225.22134,024.66166,058.4387,101.5279,579.52
Total current liabilities 1754,096.746,849.235,377.773,667.79
Payables 1754,096.746,849.235,377.773,667.79
Short Term debt 105,00088,000118,00081,20072,000
Deferred revenue -104,825-83,903.26-111,150.77-75,822.23-68,332.21
Other Current Liabilities -175-4,096.74-6,849.23-5,377.77-3,667.79
Total non-current liabilities 105,0004,096.74118,00081,20072,000
Long Term debt 105,00088,000118,00081,20072,000
Other non-current Liabilities -105,000-83,903.26-118,000-81,200-72,000
Total shareholders equity 339,844.22166,650.29243,077.39176,871.24162,939.43
Common Stock 52.1124.8223.2617.4313.07
Retained earnings -280,243.18-156,067.58-67,605.25-79,636.66-62,557.59
Accumulated Other Comprehensive Income Loss -40,000-40,000---
Other Stockholders Equity 620,035.28322,693.05270,659.37256,490.46225,483.94
Total debt 105,00088,000118,00081,20072,000
Total Investments 475,527.80294,095.73399,695.53256,952.95233,744.26
Net Debt 104,978.4987,892.81118,00079,715.3070,965.49

Abrdn Income Credit Strategies Fund income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Abrdn Income Credit Strategies Fund FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.