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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.
Amgen Inc., Consolidated Income Statement
USD $ in millions
|12 months ended||Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014||Dec 31, 2013|
|Cost of sales|
|Gross profit from product sales|
|Research and development|
|Selling, general and administrative|
|Interest expense, net|
|Interest and other income, net|
|Income before income taxes|
|Provision for income taxes|
|Product sales||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.||Amgen Inc.'s product sales increased from 2015 to 2016 but then slightly declined from 2016 to 2017.|
|Operating income||The net result for the period of deducting operating expenses from operating revenues.||Amgen Inc.'s operating income increased from 2015 to 2016 and from 2016 to 2017.|
|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.||Amgen Inc.'s income before income taxes increased from 2015 to 2016 and from 2016 to 2017.|
|Net income||The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.||Amgen Inc.'s net income increased from 2015 to 2016 but then declined significantly from 2016 to 2017.|