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Common-Size Income Statement
Apple Inc., common-size consolidated income statement
Based on: 10-K (filing date: 2019-10-31), 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).
|Income statement 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 decreased from 2017 to 2018 and from 2018 to 2019.|
|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 decreased from 2017 to 2018 and from 2018 to 2019.|
|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 increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.|