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.

Toyota Motor Corp., consolidated income statement

US$ in millions, translated from JPY ￥

12 months ended:	Mar 31, 2015	Mar 31, 2014	Mar 31, 2013	Mar 31, 2012	Mar 31, 2011	Mar 31, 2010
Sales of products	213,511)	236,091)	222,113)	213,066)	214,318)	190,507)
Financing operations	13,519)	13,394)	12,214)	13,040)	14,109)	13,180)
Net revenues	227,030)	249,484)	234,327)	226,106)	228,427)	203,686)
Cost of products sold	(174,361)	(194,098)	(191,276)	(192,188)	(192,252)	(171,663)
Cost of financing operations	(7,714)	(7,894)	(6,695)	(7,211)	(7,571)	(7,656)
Gross profit	44,955)	47,492)	36,355)	26,707)	28,603)	24,368)
Selling, general and administrative	(22,026)	(25,235)	(22,327)	(22,381)	(22,972)	(22,782)
Operating income	22,929)	22,258)	14,028)	4,327)	5,632)	1,586)
Interest and dividend income	1,226)	1,121)	1,048)	1,215)	1,092)	841)
Interest expense	(191)	(191)	(244)	(279)	(353)	(359)
Foreign exchange gain, net	735)	488)	59)	451)	172)	734)
Other income (loss), net	(585)	28)	16)	(448)	232)	332)
Other income (expense)	1,186)	1,447)	879)	940)	1,143)	1,547)
Income before income taxes and equity in earnings of affiliated companies	24,115)	23,704)	14,907)	5,267)	6,774)	3,133)
Provision for income taxes	(7,448)	(7,456)	(5,859)	(3,191)	(3,762)	(996)
Equity in earnings of affiliated companies	2,572)	3,092)	2,459)	2,405)	2,586)	488)
Net income	19,239)	19,340)	11,507)	4,481)	5,598)	2,625)
Net income attributable to noncontrolling interests	(1,122)	(1,637)	(1,288)	(1,031)	(689)	(374)
Net income attributable to Toyota Motor Corporation	18,117)	17,704)	10,218)	3,450)	4,909)	2,251)

Based on: 20-F (reporting date: 2015-03-31), 20-F (reporting date: 2014-03-31), 20-F (reporting date: 2013-03-31), 20-F (reporting date: 2012-03-31), 20-F (reporting date: 2011-03-31), 20-F (reporting date: 2010-03-31).

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Income statement item	Description	The company
Net revenues	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.	Toyota Motor Corp. net revenues increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Toyota Motor Corp. operating income increased from 2013 to 2014 and from 2014 to 2015.
Income before income taxes and equity in earnings of affiliated companies	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.	Toyota Motor Corp. income before income taxes and equity in earnings of affiliated companies increased from 2013 to 2014 and from 2014 to 2015.
Net income attributable to Toyota Motor Corporation	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Toyota Motor Corp. net income attributable to Toyota Motor Corporation increased from 2013 to 2014 and from 2014 to 2015.

Toyota Motor Corp. (NYSE:TM)

Income Statement