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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.
Intel Corp., Consolidated Income Statement
USD $ in millions
Based on: 10-K (filing date: 2018-02-16), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-12), 10-K (filing date: 2015-02-13), 10-K (filing date: 2014-02-14).
| Item | Description | The company |
|---|---|---|
| Net revenue | Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. | Intel Corp.’s net 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. | Intel Corp.’s operating income declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level. |
| Income before taxes | Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. | Intel Corp.’s income before taxes declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level. |
| Net income | The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. | Intel Corp.’s net income declined from 2015 to 2016 and from 2016 to 2017. |
