Net income

The company's total earnings, reflecting revenues adjusted for costs of doing business, depreciation, interest, taxes and other expenses.

Profit

A company's total revenue less its operating expenses, interest paid, depreciation, and taxes. For example, suppose a widget manufacturer earns $1,000,000 in total revenue. The widgets cost $200,000 to make and his administrative and payroll expenses total $250,000. He also must subtract $50,000 in depreciation on his widget manufacturing equipment and pay $200,000 in taxes. His net income is stated as: $1,000,000 - $200,000 - $250,000 - $50,000 - $200,000 = $300,000.

net income

Income after all expenses and taxes have been deducted. Net income, the most frequently viewed figure in a firm's financial statements, is used in calculating various profitability and stock performance measures including price-earnings ratio, return on equity, earnings per share, and many others. Also called aftertax profit, bottom line, net, net profit, profit. Compare gross profit.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Net income.

Net income is the amount of money a corporation has earned after subtracting all of the expenses of producing its goods or services from the income or revenue it has realized from sales of those goods or services.

net income

see NET PROFIT.

net income

Operating income after deduction of all expenses. See net operating income.

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References in periodicals archive

Net income (less deficit) [4] -3,996,010 22,530,595

Table 14b. Corporation income tax returns: selected balance sheet, income statement, and tax items, by North American Industry Classification System (NAICS) industrial sector, income years 2003-2008

The net income provision of the trust would provide that John be paid the lesser of the net income of $70,000 or the unitrust amount of $60,000 (5 percent of the $1.2 million value).

The crux of CRUTs: charitable remainder unitrusts provide donors giving opportunity, income

Earnings can be measured by net income, pretax income, net cash flow, earnings before interest and taxes (EBIT), or earnings before interest, taxes, or depreciation and amortization (EBITDA).

What's your company worth?

Massachusetts: The state supreme judicial court overruled a regulation that had historically required companies delivering in private vehicles to file net income tax returns; see Nat'l Private Truck Council, Inc.

Is "mere delivery" a protected activity?

Net income for the quarter was much lower because of a $28 million special charge related to the redemption of outstanding convertible notes and a $4.3 million tax provision, the company said.

Airline Finance News - North America

Homebuilding Division pretax net income is expected to range from $110 to $115 million.

Hopes are high for 2005

Headquarters: Indianapolis Business: Pharmaceuticals 2003 company revenue: $126 bil 2003 company net income: $2.6 bil.

Maximum wage: fifty highest-paid CEOs of public companies

* Schedule M-1 (and the related instructions) do not provide a uniform reporting requirement for "net income per books" on line 1 of Schedule M-1.

TEI comments on proposed Schedule M-3 of Form 1120: June 7, 2004

Banco Itau showed net income gains of 41% during the quarter, to US$270 million.

Big bank watch

Net income for the quarter climbed to $469 million, compared to $142 million last year.

DuPont sales decline. (Earnings)

This is less than the $9.86 million in net income attributed to the hospital in Arkansas Business' June 4 list of hospitals ranked by net income.

Correction

Net income before payment of dividends, additions to surplus, and payments to the Treasury totaled $26.255 billion.

PRELIMINARY FIGURES AVAILABLE ON OPERATING INCOME OF THE FEDERAL RESERVE BANKS