Income Statement Example For a real-world example, let's look at Microsoft Corporation's June 2024 Income Statement as reported to the Securities and Exchange Commission (SEC).

That’s essentially what an income statement does. A typical income statement begins with the reporting period (e.g., “Year ended December 31, 2024”) and then lists: Total revenue at the top ...

In the example below for Apple (Nasdaq: AAPL), a 5-year compilation of its income statements show how its net income almost doubled with an increase in sales of its product and services while ...

Format of a Financial Statement. There are three types of financial statements for businesses: income statement, balance sheet and cash flow statement. Each of these financial statements shows a ...

Operating income is a company's profit after its expenses such as wages, depreciation, and cost of goods sold are deducted.

The traditional income statement format uses absorption or full costing, in which variable and fixed manufacturing costs are part of the inventory costs and, thus, part of the cost of goods sold ...

For example, a company's financial statements for the month of September will contain a balance sheet as of September 30th and an income statement for the entire month of September.

If the income statement includes subtotals like "Total expenses," for example, the easiest method is to use the subtotal number where our missing account is and subtract out the other accounts ...