Emerson Electric Co. (EMR)

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, 2018		Sep 30, 2017		Sep 30, 2016		Sep 30, 2015		Sep 30, 2014		Sep 30, 2013
	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

Based on: 10-K (filing date: 2018-11-19), 10-K (filing date: 2017-11-20), 10-K (filing date: 2016-11-16), 10-K (filing date: 2015-11-18), 10-K (filing date: 2014-11-19), 10-K (filing date: 2013-11-19).

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.	Emerson Electric Co.’s net sales increased from 2016 to 2017 and from 2017 to 2018.
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 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Earnings from continuing operations 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.	Emerson Electric Co.’s earnings from continuing operations before income taxes increased from 2016 to 2017 and from 2017 to 2018.
Net earnings common stockholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Emerson Electric Co.’s net earnings common stockholders declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.

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

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality