net income


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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.

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.
References in periodicals archive ?
For the fourth quarter, Tufts had net income of $18 million, including operating income of $1.
Information Return, Trust Accumulation of Charitable Amounts, must be filed for any year the trust is not required to pay out all the current year net income.
Further, both Massachusetts and Virginia courts stuck down regulations that historically subjected delivery in company-owned vehicles to a net income tax return filing requirement.
The standard deviation of net income to assets is calculated based on the cross-section distribution of net income to assets, assuming that it is representative of the time-series distribution for an average firm.
Part I requests basic financial information, then requires a book-tax net income reconciliation.
Quarterly IFRS statements of operations, statements of cash flows, balance sheets and a reconciliation of net income and equity from US GAAP to IFRS are available on ASML.
Management estimates that the restatement will increase reported net income from continuing operations by approximately $27.
Net income for the third quarter of 2006 and 2005 was positively affected by gains on sales of loans of $763,000 and $1.
Net income increased by 94% and earnings per share increased by 90% for the quarter ending September 30, 2006 over the same period in 2005.
0 million, an increase of approximately 25 percent over the same period a year ago, and (1)adjusted net income to be significantly higher than reported for the third quarter of last year.
The Company's previous guidance for the third quarter of 2006 had anticipated that consolidated sales would be in the range of $489 million to $501 million with Guitar Center comparable store sales of 3% to 5% and that net income would be at the low end of $12.
The Company forecasts that the fiscal year 2007 first quarter net income will be close to breakeven and that the net income for fiscal year 2007 should increase 35% to 45% compared to fiscal year 2006.