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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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Praxair Inc., 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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Sales | |
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Cost of sales, exclusive of depreciation and amortization | |
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Gross profit | |
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Selling, general and administrative | |
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Depreciation and amortization | |
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Research and development | |
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Brazil tax amnesty program and other charges | |
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Currency related net gains (losses) | |
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Partnership income | |
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Severance expense | |
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Gain (loss) on business divestitures, net | |
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Pension settlements | |
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State of Rio amnesty program | |
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Other, net | |
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Other income (expenses), net | |
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Operating profit | |
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Interest expense, net | |
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Income before income taxes and equity investments | |
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Income taxes | |
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Income before equity investments | |
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Income from equity investments | |
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Net income, including noncontrolling interests | |
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Noncontrolling interests | |
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Net Income, Praxair, Inc. | |
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| Item | Description | The company |
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| 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. | Praxair Inc.'s sales declined from 2008 to 2009 but then increased from 2009 to 2010 not reaching 2008 level. |
| Operating profit | The net result for the period of deducting operating expenses from operating revenues. | Praxair Inc.'s operating profit declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Income before income taxes and equity investments | 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. | Praxair Inc.'s income before income taxes and equity investments declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| 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. | Praxair Inc.'s net income, including noncontrolling interests increased from 2008 to 2009 but then declined significantly from 2009 to 2010. |
| Net Income, Praxair, Inc. | 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. | Praxair Inc.'s net Income, Praxair, Inc. increased from 2008 to 2009 but then declined significantly from 2009 to 2010. |
February 8, 2012