.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.
Emerson Electric Co., Consolidated Income Statement
USD $ in millions
| 12 months ended | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | Sep 30, 2014 | Sep 30, 2013 | Sep 30, 2012 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | Net sales | ||||||||||||
| | Cost of sales | ||||||||||||
| | Gross profit | | | | | | | ||||||
| | Selling, general and administrative expenses | ||||||||||||
| | Gains on divestitures of businesses | ||||||||||||
| | Goodwill impairment | ||||||||||||
| | Amortization of intangibles (intellectual property and customer relationships) | ||||||||||||
| | Restructuring costs | ||||||||||||
| | Other | ||||||||||||
| | Gains, net | ||||||||||||
| | Other deductions, net | | | | | | | ||||||
| | Earnings from continuing operations before interest and income taxes | | | | | | | ||||||
| | Interest income | ||||||||||||
| | Interest expense | ||||||||||||
| | Interest expense, net of interest income | | | | | | | ||||||
| | Earnings from continuing operations before income taxes | | | | | | | ||||||
| | Income taxes | ||||||||||||
| | Earnings from continuing operations | | | | | | | ||||||
| | Discontinued operations, net of tax | ||||||||||||
| | Net earnings | | | | | | | ||||||
| | Noncontrolling interests in earnings of subsidiaries | ||||||||||||
| | Net earnings common stockholders | | | | | | |
| Item | Description | The company |
|---|---|---|
| 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. | Emerson Electric Co.'s net sales declined from 2015 to 2016 but then slightly increased from 2016 to 2017. |
| Earnings from continuing operations before interest and income taxes | The net result for the period of deducting operating expenses from operating revenues. | Emerson Electric Co.'s earnings from continuing operations before interest and income taxes declined from 2015 to 2016 and from 2016 to 2017. |
| Earnings from continuing operations 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. | Emerson Electric Co.'s earnings from continuing operations before income taxes declined from 2015 to 2016 but then slightly increased from 2016 to 2017. |
| Earnings from continuing operations | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Emerson Electric Co.'s earnings from continuing operations declined from 2015 to 2016 but then slightly increased from 2016 to 2017. |
| Net earnings | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Emerson Electric Co.'s net earnings declined from 2015 to 2016 and from 2016 to 2017. |
| Net earnings common stockholders | 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. | Emerson Electric Co.'s net earnings common stockholders declined from 2015 to 2016 and from 2016 to 2017. |
