Emerson Electric Co. (EMR)

Income Statement

Difficulty: Beginner

Annual Data

Quarterly Data

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

Source: Emerson Electric Co., Annual Reports

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.

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Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Long-term Trends
Analysis
Financial Reporting Quality