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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.

Facebook Inc., Consolidated Income Statement

USD $ in millions

 
Source: Facebook Inc., 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. Facebook Inc.'s revenue increased from 2015 to 2016 and from 2016 to 2017.
Income from operations The net result for the period of deducting operating expenses from operating revenues. Facebook Inc.'s income from operations increased from 2015 to 2016 and from 2016 to 2017.
Income before provision for 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. Facebook Inc.'s income before provision for 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. Facebook Inc.'s net income increased from 2015 to 2016 and from 2016 to 2017.

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