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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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Time Warner Inc., Consolidated Income Statement
USD $ in millions
| Item | Description | The company |
|---|---|---|
| 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. | Time Warner Inc.'s revenues declined from 2008 to 2009 but then slightly increased from 2009 to 2010. |
| Operating income (loss) | The net result for the period of deducting operating expenses from operating revenues. | Time Warner Inc.'s operating income (loss) increased from 2008 to 2009 and from 2009 to 2010. |
| Income (loss) 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. | Time Warner Inc.'s income (loss) from continuing operations before income taxes increased from 2008 to 2009 and from 2009 to 2010. |
| Income (loss) 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. | Time Warner Inc.'s income (loss) from continuing operations increased from 2008 to 2009 and from 2009 to 2010. |
| Net income (loss) | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Time Warner Inc.'s net income (loss) increased from 2008 to 2009 and from 2009 to 2010. |
| Net income (loss) attributable to Time Warner Inc. shareholders | 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. | Time Warner Inc.'s net income (loss) attributable to Time Warner Inc. shareholders increased from 2008 to 2009 and from 2009 to 2010. |
February 8, 2012
