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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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Based on: 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-18), 10-K (filing date: 2015-02-19), 10-K (filing date: 2014-02-20).
| Item | Description | The company |
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| Net sales | 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. | 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 | 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. | Colgate-Palmolive Co.'s income before income taxes increased from 2015 to 2016 but then slightly declined from 2016 to 2017. |
| Net income attributable to Colgate-Palmolive Company | The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. | Colgate-Palmolive Co.'s net income attributable to Colgate-Palmolive Company increased from 2015 to 2016 but then slightly declined from 2016 to 2017. |
