income statement
Revenue-expense summary
An income statement is a financial document showing a company's revenues, expenses, and profit or loss over a specific period.
Also called a profit and loss statement or P&L.
Unlike a balance sheet, which captures a moment in time, an income statement tracks performance across months, quarters, or years: The income statement showed steady growth in operating margins.
Business income total
- expensesMoney spent on things
- gross profitEarnings before operating expenses
- bottom lineEssential point or conclusion
- line itemsItemized budget entries
subtotals · periods · columns · headings · categories · sections · format · presentation
Direct expenses for inventory sold
- operating expensesRoutine business costs
- salariesFixed regular payments for work
- wagesPayment for work
- rentPayment for temporary use
utilities · depreciation · amortization · insurance · advertising · supplies · repairs · maintenance
Formal records of transactions
- SEC filingRequired corporate regulatory submission
- 10-KMandatory yearly SEC filing
- annual reportOrganization's periodic financial summary
- auditFormal accounts examination
GAAP · disclosure · footnotes · investor relations · consolidated · pro forma
Profit before major deductions
- gross marginProfit from direct costs
- profit marginRevenue exceeding costs ratio
- earnings per shareProfit allocated per stock
- net marginPercentage of revenue retained
contribution margin · break-even · variance · year-over-year · trend analysis
Revenue from goods moved
- net salesRevenue after deductions
- gross revenueTotal earnings before expenses
- royaltiesOngoing payments to creators
- licensing feesPayments for usage rights
revenue
Business income total
- expensesMoney spent on things
- gross profitEarnings before operating expenses
- bottom lineEssential point or conclusion
line items · subtotals · periods · columns · headings · categories · sections · format · presentation · comparative
cost of goods sold
Direct expenses for inventory sold
- operating expensesRoutine business costs
- salariesFixed regular payments for work
- wagesPayment for work
rent · utilities · depreciation · amortization · insurance · advertising · supplies · repairs · maintenance · administrative costs
financial statements
Formal records of transactions
- SEC filingRequired corporate regulatory submission
- 10-KMandatory yearly SEC filing
- annual reportOrganization's periodic financial summary
audit · GAAP · disclosure · footnotes · investor relations · consolidated · pro forma
EBITDA
Profit before major deductions
- gross marginProfit from direct costs
- profit marginRevenue exceeding costs ratio
- earnings per shareProfit allocated per stock
net margin · contribution margin · break-even · variance · year-over-year · trend analysis
sales
Revenue from goods moved
- net salesRevenue after deductions
- gross revenueTotal earnings before expenses
- royaltiesOngoing payments to creators
- finance termsnet profit, gross profit, budget, credit, debt
- Accounting Softwareaccounting software, QuickBooks, general ledger, payroll software, Sage
- financial recordsbank statements, ledger, account statements, invoice, balance sheet
- auditingauditor, audit trail, audit trails, auditors, audit report
- Corporate Accountingbalance sheet, financial statements, accounts payable, accounts receivable, ledger
- investment analysistechnical analysis, valuation, financial modeling, investment research, stock valuation
income, statement, overstate, incomes, unstated, understate, misstate, restatement, overstatements