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Common-Size Income Statement
Difficulty: Beginner
Apple Inc., Common-Size Consolidated Income Statement
Based on: 10-K (filing date: 2018-11-05), 10-K (filing date: 2017-11-03), 10-K (filing date: 2016-10-26), 10-K (filing date: 2015-10-28), 10-K (filing date: 2014-10-27), 10-K (filing date: 2013-10-30).
| Item | Description | The company |
|---|---|---|
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | Apple Inc.’s operating income as a percentage of net sales declined from 2016 to 2017 and from 2017 to 2018. |
| Income before provision for 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. | Apple Inc.’s income before provision for income taxes as a percentage of net sales declined from 2016 to 2017 and from 2017 to 2018. |
| Net income | The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. | Apple Inc.’s net income as a percentage of net sales declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level. |