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Northrop Grumman Corp. (NOC)
Common-Size Income Statement
Difficulty: Beginner
Northrop Grumman Corp., common-size consolidated income statement
Based on: 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-29), 10-K (filing date: 2017-01-30), 10-K (filing date: 2016-02-01), 10-K (filing date: 2015-02-02).
| Income statement item | Description | The company |
|---|---|---|
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | Northrop Grumman Corp.’s operating income as a percentage of sales declined from 2016 to 2017 and from 2017 to 2018. |
| Earnings 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. | Northrop Grumman Corp.’s earnings before income taxes as a percentage of sales declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level. |
| Net earnings | The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. | Northrop Grumman Corp.’s net earnings as a percentage of sales declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level. |