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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.

Comcast Corp., Consolidated Income Statement

USD $ in millions

 
Source: Comcast Corp., Annual Reports
Item Description The company
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. Comcast Corp.'s revenue 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. Comcast 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. Comcast Corp.'s income before income taxes increased from 2015 to 2016 and from 2016 to 2017.
Net income The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Comcast Corp.'s net income increased from 2015 to 2016 and from 2016 to 2017.
Net income attributable to Comcast Corporation 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. Comcast Corp.'s net income attributable to Comcast Corporation increased from 2015 to 2016 and from 2016 to 2017.

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