The income statement presents information on the financial results of a company 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.
Based on: 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24).
|Income statement item||Description||The company|
|Net 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.||Apple Inc. net sales increased from 2019 to 2020 and from 2020 to 2021.|
|Operating income||The net result for the period of deducting operating expenses from operating revenues.||Apple Inc. operating income increased from 2019 to 2020 and from 2020 to 2021.|
|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. income before provision for income taxes increased from 2019 to 2020 and from 2020 to 2021.|
|Net income||The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.||Apple Inc. net income increased from 2019 to 2020 and from 2020 to 2021.|