profit and loss statement
Earnings report document
A profit and loss statement is a financial document summarizing a business's revenues, costs, and expenses over a specific period—typically a quarter or year.
It shows whether the company made money or lost it.
Also called an income statement or P&L: The profit and loss statement revealed declining margins.
- net incomeProfit after all deductions
- top lineMost important position
- number crunchingIntensive calculation work
- cost analysisSystematic review of expenses
- red inkSymbol for financial loss
in the red · black ink · in the black · bottom line · amortization · annual report · line item · operating expenses · depreciation · break-even point · cost of goods sold · trial balance · general ledger · quarterly earnings · year over year · financial disclosure · cooking the books · retained earnings
profit and loss statementbalance sheet
Assets-liabilities-equity report
cash flow statement · budget · financial forecast · forecast
profit and loss statementcooked books
Fraudulently altered financial records
profit, profits, profitable, profitably, profitability, profiting, profited, nonprofitable, losses