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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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Colgate-Palmolive Co., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | Dec 31, 2006 | |
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Net sales | |
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Cost of sales | |
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Gross profit | |
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Selling, general and administrative expenses | |
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Amortization of intangible assets | |
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Venezuela hyperinflationary transition charge | |
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Gain from remeasurement of Venezuelan balance sheet | |
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Remeasurement of certain liabilities in Venezuela | |
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Termination benefits | |
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Gain on sales of non-core product lines | |
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Investment income (losses) | |
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Legal and environmental matters | |
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Asset impairments | |
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Equity income | |
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2004 Restructuring Program | |
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Pension settlement charges | |
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Hill’s limited voluntary recall | |
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Other, net | |
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Other income (expense), net | |
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Operating profit | |
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Interest incurred, less interest capitalized | |
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Interest income | |
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Interest expense, net | |
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Income before income taxes | |
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Provision for income taxes | |
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Net income including noncontrolling interests | |
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Net income attributable to noncontrolling interests | |
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Net income attributable to Colgate-Palmolive Company | |
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| Item | Description | The company |
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| Net 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. | Colgate-Palmolive Co.'s net sales declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Operating profit | The net result for the period of deducting operating expenses from operating revenues. | Colgate-Palmolive Co.'s operating profit increased from 2008 to 2009 but then slightly declined from 2009 to 2010. |
| Income 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. | Colgate-Palmolive Co.'s income before income taxes increased from 2008 to 2009 but then slightly declined from 2009 to 2010. |
| Net income including noncontrolling interests | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Colgate-Palmolive Co.'s net income including noncontrolling interests increased from 2008 to 2009 but then slightly declined from 2009 to 2010. |
| Net income attributable to Colgate-Palmolive Company | 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. | Colgate-Palmolive Co.'s net income attributable to Colgate-Palmolive Company increased from 2008 to 2009 but then slightly declined from 2009 to 2010. |
February 8, 2012