.Income Statement Quarterly Data
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 (quarterly data)
USD $ in millions
| 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 Q4 2017 to Q1 2018 but then increased from Q1 2018 to Q2 2018 not reaching Q4 2017 level. |
| 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 Q4 2017 to Q1 2018 but then increased from Q1 2018 to Q2 2018 not reaching Q4 2017 level. |
| 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 Q4 2017 to Q1 2018 but then increased from Q1 2018 to Q2 2018 not reaching Q4 2017 level. |
| 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 Q4 2017 to Q1 2018 but then increased from Q1 2018 to Q2 2018 not reaching Q4 2017 level. |
| 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 Q4 2017 to Q1 2018 but then increased from Q1 2018 to Q2 2018 not reaching Q4 2017 level. |
| 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 Q4 2017 to Q1 2018 but then increased from Q1 2018 to Q2 2018 not reaching Q4 2017 level. |
