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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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United Parcel Service Inc., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Revenue | |
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Compensation and benefits | |
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Repairs and maintenance | |
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Depreciation and amortization | |
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Purchased transportation | |
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Fuel | |
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Other occupancy | |
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Other expenses | |
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Operating expenses | |
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Operating profit | |
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Investment income | |
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Interest expense | |
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Other income and (expense) | |
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Income before income taxes | |
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Income tax expense | |
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Net income | |
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| Item | Description | The company |
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| Revenue | 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. | United Parcel Service Inc.'s revenue increased from 2009 to 2010 and from 2010 to 2011. |
| Operating profit | The net result for the period of deducting operating expenses from operating revenues. | United Parcel Service Inc.'s operating profit increased from 2009 to 2010 and from 2010 to 2011. |
| Income 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. | United Parcel Service Inc.'s income before 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. | United Parcel Service Inc.'s net income increased from 2009 to 2010 and from 2010 to 2011. |
May 24, 2012