This is one of the three financial statements that contain all the important numbers for a company – income statement, cash flow statement, and balance sheet.
The income statement is based on accountants estimating how much money the company made in the last year (or quarter). They start at the top with the total sales (revenue) of the company and make their way downwards, deducting expenses along the way until they end at the net profit of the company. Along the way accountants use their own methods to estimate and calculate certain items – so the numbers are very dependent on the accountants. Note when reading this statement that any numbers in brackets means the number is negative (an expense).
Use the income statement below and click the links to learn about each component.
| June 30, 2019 | June 30, 2018 | |
| Revenue (Sales) | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
| Selling and Marketing Expense | ||
| Research and Development Expense | ||
| General and Administrative Expense | ||
| Operating Income (Earnings Before Interest and Taxes) | ||
| Interest Income | ||
| Interest Expense | ||
| Other Income (Expense), net | ||
| Income Before Income Taxes | ||
| Income Taxes | ||
| Net Income | ||
| Weighted-Average Common Shares Outstanding | ||
| Basic | ||
| Diluted | ||
| Earnings per Common Share | ||
| Basic | ||
| Diluted | ||
| Other Comprehensive Income | ||
| Gain (Loss) on Foreign Currency Translation | ||
| Other Gain (Loss) | ||
| Total Comprehensive Income |