Stock Analysis on Net

Procter & Gamble Co. (NYSE:PG)

Income Statement

The income statement presents information on the financial results of a company 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.

Procter & Gamble Co., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Net sales 82,006 80,187 76,118 70,950 67,684 66,832
Cost of products sold (42,760) (42,157) (37,108) (35,250) (34,768) (34,268)
Gross profit 39,246 38,030 39,010 35,700 32,916 32,564
Selling, general and administrative expense (21,112) (20,217) (21,024) (19,994) (19,084) (18,853)
Goodwill and indefinite-lived intangible asset impairment charges (8,345)
Operating income 18,134 17,813 17,986 15,706 5,487 13,711
Interest expense (756) (439) (502) (465) (509) (506)
Interest income 307 51 45 155 220 247
Other non-operating income (expense), net 668 570 86 438 871 (126)
Earnings before income taxes 18,353 17,995 17,615 15,834 6,069 13,326
Income taxes (3,615) (3,202) (3,263) (2,731) (2,103) (3,465)
Net earnings 14,738 14,793 14,352 13,103 3,966 9,861
Net earnings attributable to noncontrolling interests (85) (51) (46) (76) (69) (111)
Net earnings attributable to Procter & Gamble (P&G) 14,653 14,742 14,306 13,027 3,897 9,750
Preferred dividends (282) (281) (271) (263) (263) (265)
Net earnings attributable to P&G available to common shareholders 14,371 14,461 14,035 12,764 3,634 9,485

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Procter & Gamble Co. net sales increased from 2021 to 2022 and from 2022 to 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Procter & Gamble Co. operating income decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Procter & Gamble Co. earnings before income taxes increased from 2021 to 2022 and from 2022 to 2023.
Net earnings attributable to Procter & Gamble (P&G) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Procter & Gamble Co. net earnings attributable to Procter & Gamble (P&G) increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.