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Kraft Foods Inc. (KFT) | 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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Kraft Foods 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 revenues
chart Cost of sales
chart Gross profit
chart Selling, general and administrative expenses
chart Asset impairment and exit costs
chart Gains (losses) on divestitures, net
chart Amortization of intangibles
chart Operating income
chart Interest expense, debt
chart Acquisition-related financing fees
chart Interest income, Altria and affiliates
chart Other income (expense), net
chart Interest and other expense, net
chart Earnings from continuing operations before income taxes
chart Provision for income taxes
chart Earnings from continuing operations
chart Earnings and gain from discontinued operations, net of income taxes
chart Net earnings
chart Noncontrolling interest
chart Net earnings attributable to Kraft Foods
Source: Kraft Foods Inc., Annual Reports
Item Description The company
Net 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. Kraft Foods Inc.'s net revenues 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. Kraft Foods Inc.'s operating income increased from 2009 to 2010 and from 2010 to 2011.
Earnings 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. Kraft Foods Inc.'s earnings from continuing operations before income taxes declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Earnings 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. Kraft Foods Inc.'s earnings from continuing operations declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Net earnings The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Kraft Foods Inc.'s net earnings increased from 2009 to 2010 but then slightly declined from 2010 to 2011 not reaching 2009 level.
Net earnings attributable to Kraft Foods 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. Kraft Foods Inc.'s net earnings attributable to Kraft Foods increased from 2009 to 2010 but then slightly declined from 2010 to 2011 not reaching 2009 level.

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