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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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Emerson Electric Co., Consolidated Income Statement
USD $ in millions
| 12 months ended | Sep 30, 2011 | Sep 30, 2010 | Sep 30, 2009 | Sep 30, 2008 | Sep 30, 2007 | Sep 30, 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 intangibles (intellectual property and customer relationships) | |
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Rationalization of operations | |
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Operating earnings | |
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Gains, net | |
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Other deductions, net | |
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Interest income | |
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Interest expense | |
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Earnings from continuing operations before income taxes | |
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Income taxes | |
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Earnings from continuing operations | |
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Discontinued operations, net of tax | |
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Net earnings | |
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Noncontrolling interests in earnings of subsidiaries | |
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Net earnings common stockholders | |
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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. | Emerson Electric Co.'s net sales increased from 2009 to 2010 and from 2010 to 2011. |
| Operating earnings | The net result for the period of deducting operating expenses from operating revenues. | Emerson Electric Co.'s operating earnings increased from 2009 to 2010 and from 2010 to 2011. |
| Earnings from continuing operations 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. | Emerson Electric Co.'s earnings from continuing operations before income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| 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. | Emerson Electric Co.'s 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. | Emerson Electric Co.'s net earnings increased from 2009 to 2010 and from 2010 to 2011. |
| Net earnings common stockholders | 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. | Emerson Electric Co.'s net earnings common stockholders increased from 2009 to 2010 and from 2010 to 2011. |
May 23, 2012