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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|
|Cost of sales|
|Selling, general and administrative expenses|
|Gains on divestitures of businesses|
|Amortization of intangibles (intellectual property and customer relationships)|
|Other deductions, net|
|Earnings from continuing operations before interest and income taxes|
|Interest expense, net of interest income|
|Earnings from continuing operations before income taxes|
|Earnings from continuing operations|
|Discontinued operations, net of tax|
|Noncontrolling interests in earnings of subsidiaries|
|Net earnings common stockholders|
Based on: 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), 10-K (filing date: 2012-11-20).
|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 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||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 declined from 2015 to 2016 but then slightly increased from 2016 to 2017.|
|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 2015 to 2016 and from 2016 to 2017.|