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Dow Chemical Co. (DOW) | 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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Dow Chemical Co., 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 profit
chart Research and development expenses
chart Selling, general and administrative expenses
chart Amortization of intangibles
chart Goodwill impairment loss
chart Restructuring charges
chart Purchased in-process research and development charges
chart Acquisition and integration related expenses
chart Asbestos-related credits
chart Operating income
chart Equity in earnings of nonconsolidated affiliates
chart Gain on sale of TRN
chart Gain on sale of OPTIMAL
chart Gain on sale of Styron
chart Loss on sale of a contract manufacturing business
chart Gain on sales of other assets and securities
chart Loss on early extinguishment of debt
chart Obligation related to past divestiture
chart Reclassification of cumulative translation adjustments
chart Foreign exchange gain (loss)
chart Gain on consolidation of a joint venture
chart Dividend income
chart Other, net
chart Sundry income (expense), net
chart Interest income
chart Interest expense and amortization of debt discount
chart Income from continuing operations before income taxes
chart (Provision) credit for income taxes
chart Net income from continuing operations
chart Income from discontinued operations, net of income taxes
chart Net income
chart Net income attributable to noncontrolling interests
chart Net income attributable to The Dow Chemical Company
Source: Dow Chemical Co., 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. Dow Chemical Co.'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. Dow Chemical Co.'s operating income increased from 2009 to 2010 and from 2010 to 2011.
Income 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. Dow Chemical Co.'s income from continuing operations before income taxes increased from 2009 to 2010 and from 2010 to 2011.
Net income 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. Dow Chemical Co.'s net income from continuing operations increased from 2009 to 2010 and from 2010 to 2011.
Net income The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Dow Chemical Co.'s net income increased from 2009 to 2010 and from 2010 to 2011.
Net income attributable to The Dow Chemical Company 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. Dow Chemical Co.'s net income attributable to The Dow Chemical Company increased from 2009 to 2010 and from 2010 to 2011.

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