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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.
Celgene Corp., Consolidated Income Statement
USD $ in millions
|12 months ended||Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014||Dec 31, 2013|
|Net product sales|
|Cost of goods sold, excluding amortization of acquired intangible assets|
|Research and development|
|Selling, general and administrative|
|Amortization of acquired intangible assets|
|Acquisition related gains (charges) and restructuring, net|
|Interest and investment income, net|
|Other income (expense), net|
|Other income and expense|
|Income before income taxes|
|Income tax provision|
|Net product 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.||Celgene Corp.'s net product sales 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.||Celgene Corp.'s operating income 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.||Celgene Corp.'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.||Celgene Corp.'s net income increased from 2015 to 2016 and from 2016 to 2017.|