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.
Adobe Inc., consolidated income statement (quarterly data)
Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.
Adobe Inc.’s revenue increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
The net result for the period of deducting operating expenses from operating revenues.
Adobe Inc.’s operating income decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Income before income taxes
Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.
Adobe Inc.’s income before income taxes decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
Adobe Inc.’s net income increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.