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Income Statement

Difficulty: Beginner

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.

Alphabet Inc., Consolidated Income Statement

USD $ in millions

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12 months ended Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Google, advertising and other 110,855  90,272  74,989  66,001  55,519 
Motorola Mobile, hardware and other 4,306 
Revenues 110,855  90,272  74,989  66,001  59,825 
Google, advertising and other (45,583) (35,138) (28,164) (25,691) (21,993)
Motorola Mobile, hardware and other (3,865)
Cost of revenues (45,583) (35,138) (28,164) (25,691) (25,858)
Gross profit 65,272  55,134  46,825  40,310  33,967 
Research and development (16,625) (13,948) (12,282) (9,832) (7,952)
Sales and marketing (12,893) (10,485) (9,047) (8,131) (7,253)
General and administrative (6,872) (6,985) (6,136) (5,851) (4,796)
European Commission fine (2,736)
Income from operations 26,146  23,716  19,360  16,496  13,966 
Interest income 1,312  1,220  999  746  785 
Interest expense (109) (124) (104) (101) (83)
Foreign currency exchange losses, net (121) (475) (422) (402) (379)
Gain (loss) on marketable securities, net (80) (210) (208) 153  201 
Gain (loss) on non-marketable investments, net (114) (65) (126) 237 
Loss on divestiture of businesses (57)
Other 159  88  152  130  63 
Other income (expense), net 1,047  434  291  763  530 
Income from continuing operations before income taxes 27,193  24,150  19,651  17,259  14,496 
Provision for income taxes (14,531) (4,672) (3,303) (3,331) (2,282)
Net income from continuing operations 12,662  19,478  16,348  13,928  12,214 
Net income from discontinued operations 516  706 
Net income 12,662  19,478  16,348  14,444  12,920 
Adjustment Payment to Class C capital stockholders (522)
Net income available to all stockholders 12,662  19,478  15,826  14,444  12,920 
Source: Alphabet Inc., Annual Reports
Item Description The company
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. Alphabet Inc.'s revenues increased from 2015 to 2016 and from 2016 to 2017.
Income from operations The net result for the period of deducting operating expenses from operating revenues. Alphabet Inc.'s income from operations increased from 2015 to 2016 and from 2016 to 2017.
Income 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. Alphabet Inc.'s income from continuing operations before income taxes increased from 2015 to 2016 and from 2016 to 2017.
Net income 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. Alphabet Inc.'s net income from continuing operations increased from 2015 to 2016 but then declined significantly from 2016 to 2017.
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. Alphabet Inc.'s net income increased from 2015 to 2016 but then declined significantly from 2016 to 2017.