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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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Potash Corp. of Saskatchewan 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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Sales | ![]() |
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Freight, transportation and distribution | ![]() |
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Cost of goods sold | ![]() |
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Gross margin | ![]() |
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Selling and administrative expenses | ![]() |
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Provincial mining and other taxes | ![]() |
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Share of earnings of equity-accounted investees | ![]() |
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Dividend income | ![]() |
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Foreign exchange gain (loss) | ![]() |
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Takeover response costs | ![]() |
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Gain on disposal of (provision for) auction rate securities | ![]() |
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Gain on forward purchase contract for shares in Sinofert | ![]() |
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Other | ![]() |
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Other expenses | ![]() |
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Operating income | ![]() |
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Interest expense on debt | ![]() |
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Interest income | ![]() |
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Finance costs | ![]() |
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Income before income taxes | ![]() |
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Income taxes | ![]() |
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Net income | ![]() |
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| Item | Description | The company |
|---|---|---|
| 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. | Potash Corp. of Saskatchewan Inc.'s 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. | Potash Corp. of Saskatchewan Inc.'s operating income 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. | Potash Corp. of Saskatchewan 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. | Potash Corp. of Saskatchewan Inc.'s net income increased from 2009 to 2010 and from 2010 to 2011. |
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