Income Statement
Quarterly Data

The income statement presents information on the financial results of a company 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.

Kraft Foods Group Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Mar 28, 2015	Dec 27, 2014	Sep 27, 2014	Jun 28, 2014	Mar 29, 2014	Dec 28, 2013	Sep 28, 2013	Jun 29, 2013	Mar 30, 2013	Dec 29, 2012	Sep 30, 2012	Jun 30, 2012	Mar 31, 2012
Net revenues	4,352)	4,696)	4,400)	4,747)	4,362)	4,595)	4,394)	4,716)	4,513)	4,494)	4,606)	4,786)	4,453)
Cost of sales	(3,019)	(4,224)	(3,108)	(3,226)	(2,802)	(2,664)	(2,908)	(2,780)	(3,043)	(3,326)	(3,019)	(3,150)	(3,004)
Gross profit	1,333)	472)	1,292)	1,521)	1,560)	1,931)	1,486)	1,936)	1,470)	1,168)	1,587)	1,636)	1,449)
Selling, general and administrative expenses	(593)	(1,085)	(566)	(647)	(658)	(408)	(601)	(516)	(599)	(886)	(786)	(687)	(670)
Asset impairment and exit costs	—)	(1)	—)	—)	2)	(9)	(15)	(22)	(62)	(21)	(44)	(38)	(38)
Operating income	740)	(614)	726)	874)	904)	1,514)	870)	1,398)	809)	261)	757)	911)	741)
Interest and other expense, net	(107)	(116)	(119)	(133)	(116)	(124)	(124)	(130)	(123)	(129)	(106)	(21)	(2)
Royalty income from Mondelēz International	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	13)	16)	12)
Earnings before income taxes	633)	(730)	607)	741)	788)	1,390)	746)	1,268)	686)	132)	664)	906)	751)
Provision for income taxes	(204)	332)	(161)	(259)	(275)	(460)	(246)	(439)	(230)	(42)	(198)	(303)	(268)
Net earnings	429)	(398)	446)	482)	513)	930)	500)	829)	456)	90)	466)	603)	483)

Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).

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Income statement item	Description	The company
Net revenues	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.	Kraft Foods Group Inc. net revenues increased from Q3 2014 to Q4 2014 but then decreased significantly from Q4 2014 to Q1 2015.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Kraft Foods Group Inc. operating income decreased from Q3 2014 to Q4 2014 but then increased from Q4 2014 to Q1 2015 exceeding Q3 2014 level.
Earnings before income 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.	Kraft Foods Group Inc. earnings before income taxes decreased from Q3 2014 to Q4 2014 but then increased from Q4 2014 to Q1 2015 exceeding Q3 2014 level.
Net earnings	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Kraft Foods Group Inc. net earnings decreased from Q3 2014 to Q4 2014 but then increased from Q4 2014 to Q1 2015 not reaching Q3 2014 level.

Kraft Foods Group Inc. (NASDAQ:KRFT)

Income StatementQuarterly Data

Income Statement
Quarterly Data