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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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EMC Corp., Consolidated Income Statement
USD $ in thousands
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Product sales | |
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Services | |
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Revenues | |
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Cost of product sales | |
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Cost of services | |
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Gross profit | |
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Research and development | |
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Selling, general and administrative | |
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Restructuring and acquisition-related charges | |
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In-process research and development | |
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Operating income | |
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Investment income | |
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Interest expense | |
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Other income (expense), net | |
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Gain on sale of VMware stock to Cisco | |
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Non-operating income (expense) | |
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Income before provision for income taxes | |
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Income tax provision | |
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Net income | |
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Net income attributable to the non-controlling interest in VMware, Inc. | |
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Net income attributable to EMC Corporation | |
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| Item | Description | The company |
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| 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. | EMC Corp.'s revenues increased from 2009 to 2010 and from 2010 to 2011. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | EMC Corp.'s operating income increased from 2009 to 2010 and from 2010 to 2011. |
| Income before provision for 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. | EMC Corp.'s income before provision for income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Net income | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | EMC Corp.'s net income increased from 2009 to 2010 and from 2010 to 2011. |
| Net income attributable to EMC Corporation | 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. | EMC Corp.'s net income attributable to EMC Corporation increased from 2009 to 2010 and from 2010 to 2011. |
May 23, 2012