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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.
Colgate-Palmolive Co., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||||||
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| Cost of sales | |
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| Gross profit | |
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| Selling, general and administrative expenses | |
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| Global Growth and Efficiency Program | |
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| Amortization of intangible assets | |
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| Gain on sale of land in Mexico | |
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| Charges for litigation matters | |
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| Venezuela remeasurement charges | |
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| Gain on sale of South Pacific laundry detergent business | |
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| Costs related to the sale of land in Mexico | |
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| Equity income | |
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| Other, net | |
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| Other income (expense), net | |
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| Charge for Venezuela accounting change | |
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| Operating profit | |
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| Interest expense | |
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| Interest income | |
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| Interest income (expense), net | |
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| Income before income taxes | |
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| Provision for income taxes | |
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| Net income including noncontrolling interests | |
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| Net income attributable to noncontrolling interests | |
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| Net income attributable to Colgate-Palmolive Company | |
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| Item | Description | The company |
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| Net 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. | Colgate-Palmolive Co.'s net sales declined from 2015 to 2016 but then slightly increased from 2016 to 2017. |
| Operating profit | The net result for the period of deducting operating expenses from operating revenues. | Colgate-Palmolive Co.'s operating profit increased from 2015 to 2016 but then slightly declined 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. | Colgate-Palmolive Co.'s income before income taxes increased from 2015 to 2016 but then slightly declined from 2016 to 2017. |
| Net income including noncontrolling interests | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Colgate-Palmolive Co.'s net income including noncontrolling interests increased from 2015 to 2016 but then slightly declined from 2016 to 2017. |
| Net income attributable to Colgate-Palmolive Company | 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. | Colgate-Palmolive Co.'s net income attributable to Colgate-Palmolive Company increased from 2015 to 2016 but then slightly declined from 2016 to 2017. |
