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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.

Broadcom Inc., Consolidated Income Statement

USD $ in millions

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Source: Broadcom Inc., Annual Reports
Item Description The company
Net revenue 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. Broadcom Inc.'s net revenue increased from 2015 to 2016 and from 2016 to 2017.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Broadcom Inc.'s operating income (loss) declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.
Income (loss) 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. Broadcom Inc.'s income (loss) from continuing operations before income taxes declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.
Income (loss) 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. Broadcom Inc.'s income (loss) from continuing operations declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.
Net income (loss) The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Broadcom Inc.'s net income (loss) declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.
Net income (loss) attributable to ordinary shares 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. Broadcom Inc.'s net income (loss) attributable to ordinary shares declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.