Procter & Gamble Co. (PG) | 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.

Procter & Gamble Co., Consolidated Income Statement

USD $ in millions

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  12 months ended Jun 30, 2011 Jun 30, 2010 Jun 30, 2009 Jun 30, 2008 Jun 30, 2007 Jun 30, 2006
chart Net sales 82,559  78,938  79,029  83,503  76,476  68,222 
chart Cost of products sold (40,768) (37,919) (38,898) (40,695) (36,686) (33,125)
chart Gross profit 41,791  41,019  40,131  42,808  39,790  35,097 
chart Selling, general and administrative expense (25,973) (24,998) (24,008) (25,725) (24,340) (21,848)
chart Operating income (loss) 15,818  16,021  16,123  17,083  15,450  13,249 
chart Interest expense (831) (946) (1,358) (1,467) (1,304) (1,119)
chart Other non-operating income (expense), net 202  (28) 560  462  564  283 
chart Earnings from continuing operations before income taxes 15,189  15,047  15,325  16,078  14,710  12,413 
chart Income taxes on continuing operations (3,392) (4,101) (4,032) (4,003) (4,370) (3,729)
chart Net earnings from continuing operations 11,797  10,946  11,293  12,075  10,340  8,684 
chart Net earnings from discontinued operations 1,790  2,143 
chart Net earnings 11,797  12,736  13,436  12,075  10,340  8,684 
Source: Procter & Gamble 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. Procter & Gamble Co.'s net sales declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Procter & Gamble Co.'s operating income (loss) declined 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. Procter & Gamble Co.'s earnings from continuing operations before income taxes declined from 2009 to 2010 but then increased from 2010 to 2011 not reaching 2009 level.
Net 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. Procter & Gamble Co.'s net earnings from continuing operations declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Net earnings 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. Procter & Gamble Co.'s net earnings declined from 2009 to 2010 and from 2010 to 2011.

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