Procter & Gamble Co. (PG)

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.

Procter & Gamble Co., consolidated income statement

US$ in millions

	12 months ended	Jun 30, 2019		Jun 30, 2018		Jun 30, 2017		Jun 30, 2016		Jun 30, 2015		Jun 30, 2014
	Net sales
	Cost of products sold
	Gross profit
	Selling, general and administrative expense
	Goodwill and indefinite-lived intangible asset impairment charges
	Venezuela deconsolidation charge
	Operating income
	Interest expense
	Interest income
	Other non-operating income (expense), net
	Earnings from continuing operations before income taxes
	Income taxes on continuing operations
	Net earnings from continuing operations
	Net earnings (loss) from discontinued operations
	Net earnings
	Net earnings attributable to noncontrolling interests
	Net earnings attributable to Procter & Gamble
	Preferred dividends, net of tax
	Net earnings attributable to P&G available to common shareholders

Based on: 10-K (filing date: 2019-08-06), 10-K (filing date: 2018-08-07), 10-K (filing date: 2017-08-07), 10-K (filing date: 2016-08-09), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).

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.	Procter & Gamble Co.’s net sales increased from 2017 to 2018 and from 2018 to 2019.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Procter & Gamble Co.’s operating income decreased from 2017 to 2018 and from 2018 to 2019.
Earnings from continuing operations 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.	Procter & Gamble Co.’s earnings from continuing operations before income taxes increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Net earnings attributable to Procter & Gamble	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Procter & Gamble Co.’s net earnings attributable to Procter & Gamble decreased from 2017 to 2018 and from 2018 to 2019.

	Procter & Gamble Co.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality