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Baxter International Inc. (BAX) | Income Statement

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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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Baxter International Inc., Consolidated Income Statement

USD $ in millions

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  12 months ended Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
chart Net sales
chart Cost of sales
chart Gross margin
chart Marketing and administrative expenses
chart Research and development expenses
chart Restructuring charge
chart Operating income
chart Interest expense
chart Interest income
chart Net interest expense
chart Impairment charges
chart Foreign exchange
chart Securitization and factoring arrangements
chart Equity method investments
chart Litigation-related charge
chart Other
chart Other expense, net
chart Income before income taxes
chart Income tax expense
chart Net income
chart Net income attributable to noncontrolling interests
chart Net income attributable to Baxter
Source: Baxter International Inc., Annual Reports
Item Description The company
Net 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. Baxter International Inc.'s net sales increased from 2009 to 2010 and from 2010 to 2011.
Operating income The net result for the period of deducting operating expenses from operating revenues. Baxter International Inc.'s operating income declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
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. Baxter International Inc.'s income before income taxes declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Net income The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Baxter International Inc.'s net income declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Net income attributable to Baxter 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. Baxter International Inc.'s net income attributable to Baxter declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.

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