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Common-Size Income Statement
General Dynamics Corp., common-size consolidated income statement
|Income statement item||Description||The company|
|Operating earnings||The net result for the period of deducting operating expenses from operating revenues.||General Dynamics Corp.’s operating earnings as a percentage of revenue decreased from 2017 to 2018 and from 2018 to 2019.|
|Earnings from continuing operations before income tax||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.||General Dynamics Corp.’s earnings from continuing operations before income tax as a percentage of revenue decreased from 2017 to 2018 and from 2018 to 2019.|
|Net earnings||The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.||General Dynamics Corp.’s net earnings as a percentage of revenue decreased from 2017 to 2018 and from 2018 to 2019.|