Colgate-Palmolive Co. (CL)

Income Statement

Beginner level

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

US$ in millions

	12 months ended	Dec 31, 2018		Dec 31, 2017		Dec 31, 2016		Dec 31, 2015		Dec 31, 2014
	Net sales
	Cost of sales
	Gross profit
	Selling, general and administrative expenses
	Global Growth and Efficiency Program
	Amortization of intangible assets
	Gain on sale of land in Mexico
	Charges for litigation matters
	Venezuela remeasurement charges
	Gain on sale of South Pacific laundry detergent business
	Equity income
	Other, net
	Other income (expense), net
	Charge for Venezuela accounting change
	Operating profit
	Non-service related postretirement costs
	Interest expense
	Interest income
	Interest income (expense), net
	Income before income taxes
	Provision for income taxes
	Net income including noncontrolling interests
	Net income attributable to noncontrolling interests
	Net income attributable to Colgate-Palmolive Company

Based on: 10-K (filing date: 2019-02-21), 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).

Income statement item	Description	The company
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 increased from 2016 to 2017 and from 2017 to 2018.
Operating profit	The net result for the period of deducting operating expenses from operating revenues.	Colgate-Palmolive Co.’s operating profit decreased from 2016 to 2017 but then slightly increased from 2017 to 2018.
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 decreased from 2016 to 2017 and from 2017 to 2018.
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 decreased from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.

	Colgate-Palmolive Co.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
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Relative Valuation
Discounted Cash Flow (DCF) Valuation
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	All companies
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality