Financial Statements

Access National Corporation (ANCX)

- (-%)

Balance Sheet Statement

All numbers are in thousands
Year XLSX
2018
XLSX
2017
XLSX
2016
XLSX
2015
XLSX
2014
Total assets 3,039,1602,873,8941,430,7081,178,5481,052,880
Total Current Assets 509,107633,540140,87672,10189,374
Cash and Short Term Investments 509,107529,75991,05935,88956,029
Cash and cash equivalents 85,347122,31391,05935,88956,029
Short Term Investments 423,760407,446---
Receivables -103,78149,81736,21233,345
Total non-current Assets 656,875636,125210,374181,138146,315
Property, Plant & Equipment Net 27,43227,7977,0846,6896,926
Goodwill and Intangible Assets 183,218185,161---
Goodwill 183,218185,161---
Intangible Assets -18,612---
Long Term Investments 446,225423,167203,290174,449139,389
Other non-current Assets -656,875-636,125-210,374-181,138-146,315
Other Assets 1,873,1781,604,2291,079,458925,309817,191
Total liabilities 2,584,3482,452,2701,310,1781,069,410185,635
Total current liabilities 286,930145,993186,00991,129185,635
Short Term debt 286,930145,993186,00991,129185,635
Other Current Liabilities -286,930-145,993-186,009-91,129-185,635
Total non-current liabilities 10,00043,88360,00055,000-
Long Term debt 10,00043,88360,00055,000-
Other non-current Liabilities -10,000-43,883-60,000-55,000-
Total shareholders equity 454,812421,624120,530109,13898,904
Common Stock 17,60017,1468,8818,8058,742
Retained earnings 121,14198,58491,43981,38572,168
Accumulated Other Comprehensive Income Loss -5,207-1,720-1,569-1,005-544
Other Stockholders Equity 321,278307,61421,77919,95318,538
Total debt 296,930189,876246,009146,129185,635
Total Investments 869,985830,613203,290174,449139,389
Net Debt 211,58367,563154,950110,240129,606

Access National Corporation 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 Access National Corporation 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.