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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.
Ford Motor Co., Consolidated Income Statement
USD $ in millions
|Automotive 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.||Ford Motor Co.'s automotive sales increased from 2015 to 2016 and from 2016 to 2017.|
|Operating income||The net result for the period of deducting operating expenses from operating revenues.||Ford Motor Co.'s operating income declined from 2015 to 2016 and from 2016 to 2017.|
|Income 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.||Ford Motor Co.'s income before income taxes declined from 2015 to 2016 but then slightly increased from 2016 to 2017.|
|Net income||The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.||Ford Motor Co.'s net income declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.|
|Net income attributable to Ford Motor Company||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.||Ford Motor Co.'s net income attributable to Ford Motor Company declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.|