Financial Statements

Ayro, Inc. (AYRO)

$ 4.37
-0.14 (-3.11%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in millions

Retained Earning Schedule

Year 2020 2019
Retained Earnings (Previous Year) -14-
Net Income -11-9
Stock Dividends -0-5
Dividend Paid --
Retained Earnings -25-14

PPE Schedule

Year 2020 2019
Gross PPE 0-
Annual Depreciation 21
Capital Expenditure -1-1
Net PPE 20

Intangible and Goodwill Schedule

Year 2020 2019
Intangible and Goodwill (Previous Year) -0
New Purchases --
Intangible and Goodwill 00

Ayro, Inc. 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 Ayro, Inc. 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.