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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.
CSX Corp., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2017 | Dec 30, 2016 | Dec 25, 2015 | Dec 26, 2014 | Dec 27, 2013 | ||||||
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| Item | Description | The company |
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| 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. | CSX Corp.'s revenue declined from 2015 to 2016 but then slightly increased from 2016 to 2017. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | CSX Corp.'s operating income declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level. |
| Earnings 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. | CSX Corp.'s earnings before income taxes declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level. |
| 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. | CSX Corp.'s net earnings declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level. |
