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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Barrick Gold Corp., Consolidated Income Statement
USD $ in millions
| Item | Description | The company |
|---|---|---|
| Sales | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Barrick Gold Corp.'s sales increased from 2008 to 2009 and from 2009 to 2010. |
| Income (loss) from continuing operations before interest, income taxes and other items | The net result for the period of deducting operating expenses from operating revenues. | Barrick Gold Corp.'s income (loss) from continuing operations before interest, income taxes and other items declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Income (loss) from continuing operations before income taxes and other items | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Barrick Gold Corp.'s income (loss) from continuing operations before income taxes and other items declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Income (loss) from continuing operations before non-controlling interests | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Barrick Gold Corp.'s income (loss) from continuing operations before non-controlling interests declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Income (loss) before non-controlling interests | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Barrick Gold Corp.'s income (loss) before non-controlling interests declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Net income (loss) | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Barrick Gold Corp.'s net income (loss) declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
February 8, 2012
