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Praxair Inc. (PX) | 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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Praxair 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 Sales
chart Cost of sales, exclusive of depreciation and amortization
chart Gross profit
chart Selling, general and administrative
chart Depreciation and amortization
chart Research and development
chart Cost reduction program and other charges, net
chart Currency related net gains (losses)
chart Partnership income
chart Severance expense
chart Business divestitures and asset gains (losses), net
chart Pension settlements
chart State of Rio amnesty program
chart Other, net
chart Other income (expenses), net
chart Operating profit
chart Interest expense, net
chart Income before income taxes and equity investments
chart Income taxes
chart Income before equity investments
chart Income from equity investments
chart Net income, including noncontrolling interests
chart Noncontrolling interests
chart Net Income, Praxair, Inc.
Source: Praxair Inc., Annual Reports
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. Praxair Inc.'s sales 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. Praxair Inc.'s operating profit increased from 2009 to 2010 and from 2010 to 2011.
Income before income taxes and equity investments 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. Praxair Inc.'s income before income taxes and equity investments increased from 2009 to 2010 and from 2010 to 2011.
Net income, including noncontrolling interests The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Praxair Inc.'s net income, including noncontrolling interests declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Net Income, Praxair, Inc. 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. Praxair Inc.'s net Income, Praxair, Inc. declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.

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