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TitleIncome Statement Financial Statement Analysis
TagsDepreciation Income Statement Cost Of Goods Sold Expense Revenue
File Size621.0 KB
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Page 3

34 AAII Journal


Income statement for year ending (in millions, except for per share data) 2011 2010

Net Revenue $ 1,000.00 $ 800.00

Cost of Goods Sold $ 500.00 $ 400.00

Gross Income $ 500.00 $ 400.00

Operating Expenses
Selling Expenses $ 120.00 $ 100.00
General and Administrative Expenses $ 40.00 $ 30.00
Research and Development Expenses $ 70.00 $ 50.00
Depreciation $ 50.00 $ 50.00
Amortization $ 40.00 $ 30.00
Total Operating Expenses $ 320.00 $ 260.00
Operating Income $ 180.00 $ 140.00

Other Income (Expense)
Interest Income (Expense) $ (100.00) $ (90.00)
Non-Operating Income (Expense) $ 30.00 $ 30.00
Other Income (Expense) $ 25.00 $ 25.00

Income Before Taxes $ 135.00 $ 105.00

Income Taxes $ 47.25 $ 36.75

Income After Taxes $ 87.75 $ 68.25

Extraordinary Gain (Loss) $ 15.00 $ —
Gain (Loss) on Discontinued Operations $ (25.00) $ 10.00
Non-Recurring Events $ 10.00 $ (10.00)
Cumulative Effect of Change in Accounting $ (5.00) $ (5.00)

Net Income $ 82.75 $ 63.25

Preferred Dividends $ (10.00) $ (5.00)

Net Earnings Available for Common Shareholders $ 72.75 $ 58.25

Shares Outstanding, End of Year 9,500,000 10,000,000

Earnings per Share—Basic $ 7.66 $ 5.83
Earnings per Share—Diluted $ 6.88 $ 5.58

Dividends per Share $ 1.50 $ 1.40

Consolidated Statement of Retained Earnings
Retained Earnings, Beginning of Year $ 54.25 $ 10.00
Net Earnings Available for Common Shareholders $ 72.75 $ 58.25
Cash Dividend Declared $ 14.25 $ 14.00
Retained Earnings, End of Year $ 112.75 $ 54.25

Table 1. Income Statement Structure

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