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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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ConocoPhillips, Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Sales and other operating revenues | |
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Equity in earnings of affiliates | |
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Gain on dispositions | |
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Interest income | |
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Other, net | |
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Other income | |
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Revenues and other income | |
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Purchased crude oil, natural gas and products | |
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Production and operating expenses | |
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Selling, general and administrative expenses | |
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Exploration expenses | |
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Depreciation, depletion and amortization | |
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Impairments | |
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Excise taxes on petroleum products sales | |
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Taxes other than income and excisetaxes | |
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Accretion on discounted liabilities | |
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Foreign currency transaction gains (losses) | |
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Income (loss) before interest and income taxes | |
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Interest and debt expense | |
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Income (loss) before income taxes | |
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Provision for income taxes | |
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Net income (loss) | |
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Net income attributable to noncontrolling interests | |
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Net income (loss) attributable to ConocoPhillips | |
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| Item | Description | The company |
|---|---|---|
| Sales and other operating 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. | ConocoPhillips's sales and other operating revenues increased from 2009 to 2010 and from 2010 to 2011. |
| Income (loss) before interest and income taxes | The net result for the period of deducting operating expenses from operating revenues. | ConocoPhillips's income (loss) before interest and income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Income (loss) 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. | ConocoPhillips's income (loss) before income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Net income (loss) | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | ConocoPhillips's net income (loss) increased from 2009 to 2010 and from 2010 to 2011. |
| Net income (loss) attributable to ConocoPhillips | 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. | ConocoPhillips's net income (loss) attributable to ConocoPhillips increased from 2009 to 2010 and from 2010 to 2011. |
May 23, 2012