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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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Boeing Co., Consolidated Income Statement
USD $ in millions
| Item | Description | The company |
|---|---|---|
| Revenues | 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. | Boeing Co.'s revenues declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level. |
| Earnings from operations | The net result for the period of deducting operating expenses from operating revenues. | Boeing Co.'s earnings from operations increased from 2009 to 2010 and from 2010 to 2011. |
| Earnings before income taxes | 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. | Boeing Co.'s earnings before income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Net earnings from continuing operations | 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. | Boeing Co.'s net earnings from continuing operations increased from 2009 to 2010 and from 2010 to 2011. |
| Net earnings | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Boeing Co.'s net earnings increased from 2009 to 2010 and from 2010 to 2011. |
| Net earnings attributable to parent | 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. | Boeing Co.'s net earnings attributable to parent increased from 2009 to 2010 and from 2010 to 2011. |
May 23, 2012