.Income Statement
Difficulty: Beginner
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.
Automatic Data Processing Inc., Consolidated Income Statement
USD $ in thousands
| 12 months ended | Jun 30, 2017 | Jun 30, 2016 | Jun 30, 2015 | Jun 30, 2014 | Jun 30, 2013 | Jun 30, 2012 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | Revenues, other than interest on funds held for clients and PEO revenues | ||||||||||||
| | Interest on funds held for clients | ||||||||||||
| | Professional Employer Organization (PEO) revenues | ||||||||||||
| | Revenues | | | | | | | ||||||
| | Operating expenses | ||||||||||||
| | Systems development and programming costs | ||||||||||||
| | Depreciation and amortization | ||||||||||||
| | Costs of revenues | | | | | | | ||||||
| | Gross profit from continuing operations | | | | | | | ||||||
| | Selling, general, and administrative expenses | ||||||||||||
| | Separation costs | ||||||||||||
| | Goodwill impairment | ||||||||||||
| | Operating income | | | | | | | ||||||
| | Interest expense | ||||||||||||
| | Interest income on corporate funds | ||||||||||||
| | Realized gains on available-for-sale securities | ||||||||||||
| | Realized losses on available-for-sale securities | ||||||||||||
| | Gain on sale of notes receivable | ||||||||||||
| | Gain on sale of businesses | ||||||||||||
| | Impairment losses on available-for-sale securities | ||||||||||||
| | Impairment losses on assets held for sale | ||||||||||||
| | Gain on sale of building | ||||||||||||
| | Gain on sale of assets | ||||||||||||
| | Other, net | ||||||||||||
| | Other income, net | | | | | | | ||||||
| | Earnings from continuing operations before income taxes | | | | | | | ||||||
| | Provision for income taxes | ||||||||||||
| | Net earnings from continuing operations | | | | | | | ||||||
| | Net earnings (loss) from discontinued operations | ||||||||||||
| | Net earnings | | | | | | |
| Item | Description | The company |
|---|---|---|
| Revenues | 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. | Automatic Data Processing Inc.'s revenues increased from 2015 to 2016 and from 2016 to 2017. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | Automatic Data Processing Inc.'s operating income increased from 2015 to 2016 and from 2016 to 2017. |
| Earnings from continuing operations 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. | Automatic Data Processing Inc.'s earnings from continuing operations before income taxes increased from 2015 to 2016 and from 2016 to 2017. |
| Net earnings from continuing operations | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Automatic Data Processing Inc.'s net earnings from continuing operations increased from 2015 to 2016 and from 2016 to 2017. |
| Net earnings | 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. | Automatic Data Processing Inc.'s net earnings increased from 2015 to 2016 and from 2016 to 2017. |
