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Microsoft Excel LibreOffice Calc

Medtronic PLC (NYSE:MDT)

Income Statement

Beginner level

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.

Medtronic PLC, consolidated income statement

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015 Apr 25, 2014
Net sales
Cost of products sold
Gross profit
Research and development expense
Selling, general, and administrative expense
Amortization of intangible assets
Restructuring charges, net
Acquisition-related items
Certain litigation charges
Divestiture-related items
Gain on sale of businesses
Special gain (charge), net
Other expense, net
Operating profit
Other non-operating income, net
Interest expense
Income before income taxes
Income tax provision
Net income
Net (income) loss attributable to noncontrolling interests
Net income attributable to Medtronic

Based on: 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23), 10-K (filing date: 2014-06-20).

Income statement item Description The company
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. Medtronic PLC’s net sales increased from 2017 to 2018 and from 2018 to 2019.
Operating profit The net result for the period of deducting operating expenses from operating revenues. Medtronic PLC’s operating profit increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Income 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. Medtronic PLC’s income before income taxes increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Net income attributable to Medtronic The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Medtronic PLC’s net income attributable to Medtronic decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.