Skip to main content
assistive.skiplink.to.breadcrumbs
assistive.skiplink.to.header.menu
assistive.skiplink.to.action.menu
assistive.skiplink.to.quick.search

Statement of Income (Finance)

Created by Arthur Aslanyan (Nafta College), last modified on Oct 16, 2023

You are viewing an old version of this page. View the current version.

Compare with Current View Page History

Synonym: Statement of Income = Profit and Loss = P&L

Specific Financial Statement showing the Company’s Revenues and Expenses during the Accounting Period:

Balance		Formula
Base Metrics	Additional Metrics
Total Revenue	= Top Line	Total Revenue = Sales + Non-Operating Revenue
	Sales
	Non-Operating Revenue
	COGS	Direct Expenses
Gross Income		= Sales − COGS
Gross Margin		= Gross Income / Sales · 100 %
	SG&A
EBITDA		= Gross Income – SG&A = Sales − COGS – SG&A
EBITDA Margin		= EBITDA / Sales · 100 %
	D&A
Operating Income		= EBITDA − D&A = Sales − COGS – SG&A − D&A
Operating Margin		= Operating Income / Sales · 100 %
EBIT		= EBITDA – D&A + Non-Operating Revenue = Total Revenue − COGS – SG&A – D&A
	Interest
EBT		= EBIT − Interest
	Income Tax	= EBT · IncomeTaxRate
Net Income	= Bottom Line	= EBT − Income Tax
Profit Margin		= Net Income / Total Revenue · 100 %
	NOPAT	= Net Income − after-tax Non-Operating Revenue + after-tax Non-Operating Expenses + after-tax Interest
	Retained Earnings	= Net Income − Dividends

Link to the Cash Flow

OPEX		SG&A + D&A
OCF		= Net Income + Non-Cash Expenses − ( Closing Working Capital - Opening Working Capital )
FCF		= OCF + ( Income from Fixed Assets sold - CAPEX )
NCF		= FCF - Dividends + Loan-in - Loan-out
Closing Cash Balance	(indirect from P&L)	= Opening Cash Balance + FCF − Dividends + Loan-in − Loan-out

See also

Business / Business Administration / Financial Management / Financial Accounting / Financial Statement

[ Balance sheet ] [ Changes in Equity ] [ Profit and Loss (P&L) ] [ Cash Flow ]

[ R&D record in P&L ]

No labels