profit and loss statement

(redirected from Statements of Income)

Profit and Loss Statement

An annual report, and other quarterly reports, a publicly-traded company publishes giving information over a given period of time. The report contains information on the company's financial state, most notably statements on revenue, expenses, and earnings (which is the difference between the two). It is in general less detailed that a stockholder's report but contains much of the same information. A profit and loss statement goes by a number of other names, including income statement, earnings statement, earnings report, and operating statement. See also: Balance Sheet.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

profit and loss statement (P&L)

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.

profit and loss statement

A semi-itemized list of all revenues and expenses of a person or company over a stated period of time, such as one month, one quarter, or one year.The items on the list are generally broad categories, but the selection of categories is a matter of personal preference for most small businesses.As a general rule,one should design a profit and loss statement so that it gives a snapshot of important revenue categories and the expenses associated with those particular revenues.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Refer to note (b) of the Financial Summary- Consolidated Statements of Income section of this release for additional details.
We have audited the accompanying financial statements of Nevada Water Company, which comprise the balance sheet as of December 31, 2011, and the related statements of income changes in stockholders' equity, and cash flows for the year then ended, and the related notes to the financial statements.
We have audited the accompanying financial statements of ABC Company, which comprise the balance sheets as of December 31, 20X1 and 20X0, and the related statements of income, changes in stockholders' equity and cash flows for the years then ended, and the related notes to the financial statements.
If your teen receives W-2s, 1099s, or other statements of income, he or she might have to file, but even if filing is not required, it usually is a good idea to do so if wages have been withheld.
Following the IPO, Pomeroy will retain a controlling interest in PSIS and expects to continue to include its financial results in the company's consolidated statements of income - an expected move given that services accounted for over 60% of Pomeroy's revenue last quarter.
Fourth quarter 2017 financial results include a one-time, non-cash, incremental income tax expense in the Company's consolidated statements of income of $25.4 million resulting from the revaluation of its deferred tax assets and liabilities (the "DTA") and low income housing tax credit (the "LIHTC") investments due to the enactment of the Tax Cuts and Jobs Act (the "Tax Act") on December 22, 2017.
Once effective, all companies must report other comprehensive income in either a continuous income statement-type statement of comprehensive income that includes both net income and other comprehensive income, or in two consecutive statements of income and comprehensive income.
She said matters were progressing between the parties and statements of income and expenditure were being prepared to aid assessment by the building society.
* "Income before income taxes" refers to "income before discontinued operations and income taxes" in the consolidated statements of income.
The change, which took effect May 20, 2005, permits such entities to file with the SEC two--rather than the previously required three--years of statements of income, changes in shareholder equity and cash flows.
Full browser ?