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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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Medco Health Solutions Inc., Consolidated Income Statement
USD $ in thousands
| 12 months ended | Dec 31, 2011 | Dec 25, 2010 | Dec 26, 2009 | Dec 27, 2008 | Dec 29, 2007 | |
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Product net revenues, includes retail co-payments | |
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Service revenues | |
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Net revenues | |
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Cost of product net revenues, includes retail co-payments | |
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Cost of service revenues | |
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Cost of revenues | |
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Gross profit | |
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Selling, general and administrative expenses | |
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Amortization of intangibles | |
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Operating income | |
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Interest expense | |
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Interest income and other income (expense), net | |
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Income before provision for income taxes | |
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Provision for income taxes | |
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Net income | |
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| Item | Description | The company |
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| Net 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. | Medco Health Solutions Inc.'s net 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. | Medco Health Solutions Inc.'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. | Medco Health Solutions Inc.'s income before provision for income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Net income | 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. | Medco Health Solutions Inc.'s net income increased from 2009 to 2010 and from 2010 to 2011. |
May 19, 2012