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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.
Applied Materials Inc., Consolidated Income Statement
USD $ in millions
|12 months ended||Oct 29, 2017||Oct 30, 2016||Oct 25, 2015||Oct 26, 2014||Oct 27, 2013||Oct 28, 2012|
|Cost of products sold|
|Research, development and engineering|
|Marketing and selling|
|General and administrative|
|Gain (loss) on derivatives associated with terminated business combination|
|Impairment of goodwill and intangible assets|
|Income from operations|
|Interest and other income, net|
|Income before income taxes|
|Provision for income taxes|
|Net sales||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.||Applied Materials Inc.'s net sales 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.||Applied Materials Inc.'s income from operations increased from 2015 to 2016 and from 2016 to 2017.|
|Income 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.||Applied Materials Inc.'s income before income taxes increased from 2015 to 2016 and 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.||Applied Materials Inc.'s net income increased from 2015 to 2016 and from 2016 to 2017.|