income statement


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Related to income statement: Cash flow statement, Statement of retained earnings, Statement of owner's equity

Income statement (statement of operations)

A statement showing the revenues, expenses, and income (the difference between revenues and expenses) of a corporation over some period of time.

Earnings Report

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 than a stockholder's report, but contains much of the same information. See also: Balance sheet.

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.

income statement

A business financial statement that lists revenues, expenses, and net income throughout a given period. Because of the various methods used to record transactions, the dollar values shown on an income statement often can be misleading. Also called earnings report, earnings statement, operating statement, profit and loss statement. See also consolidated income statement.

Income statement.

An income statement, also called a profit and loss statement, shows the revenues from business operations, expenses of operating the business, and the resulting net profit or loss of a company over a specific period of time.

In assessing the overall financial condition of a company, you'll want to look at the income statement and the balance sheet together, as the income statement captures the company's operating performance and the balance sheet shows its net worth.

income statement

see PROFIT-AND-LOSS ACCOUNT.

income statement

See financial statement.

References in periodicals archive ?
The Contribution Margin Income Statement that we've created goes into a great deal of detail, but you don't have to make this statement so comprehensive.
123 pro forma disclosure and $1,000 recorded in the income statement under Statement no.
Example 1--Net income (loss) per income statement of includible corporations: A U.
The instructions require only an amount in column (A) for income statement income (loss) from any equity method foreign corporation; the instructions also require that any dividends from equity method foreign corporations be reported in column (D) of lines 2 through 4.
Contribution Income Statement Financial Income Statement Cost by Function Cost by Behavior Revenue $12,000 Operating Expenses $11,000 Net Income $ 1,000 Contribution Income Statement Cost by Function Cost by Behavior Revenue $12,000 Variable Expenses $(3,000) Contribution Margin $ 9,000 Fixed Expenses $(8,000) Net Income $ 1,000
The structure of an income statement is relatively straightforward: sales minus cost of goods sold = gross profit minus selling and administrative expenses = operating profit (or loss).
In this case, the pro rata portion of earnings or losses of the dot-com will flow through to the investor's income statement (along with goodwill amortization).
Next, the income statement covers net operating income.
For purposes of determining the accuracy of an income statement, however, a comparison with some standard is essential.
Based Corporations Top Companies Ranked -- Market Capitalization 2014 -- Employees -- Revenue -- Net Income -- 3-Year Revenue Growth -- 3-Year Income Growth -- Return on Assets -- Return on Equity -- Return on Invested Capital List of Leading (Public and Private) Companies Comparison of Individual Top Publicly-Held Companies to Industry Averages, 2012 -- Income Statements.
These expenses will be offset by a deferred tax credit of USD 16 million giving an after tax net impact to the income statement for the Period of USD -45 million.