Income Statement Line Items

Revenue

The total value of products or services a company sells in a given period

Cost of Goods Sold (COGS)

Expenses directly linked to the production or delivery of individual units sold

Gross Profit

Revenue minus COGS; profit remaining before operating expenses

Gross Margin %

Gross Profit divided by Revenue; how much profit is earned per dollar of sales before fixed expenses

Sales & Marketing

Operating expenses related to advertising, promotions, and sales activities

Research & Development (R&D)

Operating expenses related to developing new products or technologies

General & Administrative (G&A)

Operating expenses for overhead like management salaries and office costs

Total Operating Expenses

Sum of all operating expenses including S&M, R&D, and G&A

Depreciation

Non

Amortization of Intangible Assets

Non

Stock

Based Compensation (SBC)

Operating Income (EBIT)

Revenue minus COGS, operating expenses, and D&A; earnings before side activities, interest, and taxes

Operating Margin %

Operating Income divided by Revenue

Other Income / (Expenses)

Income or expenses from activities not part of the company's core business

Interest Income / (Expense)

Income earned from investments or expense paid on debt; both are tax

Goodwill Impairment

A write

PP&E Write

Down

Gains / (Losses) on Sale of PP&E

The difference between the sale price and book value of PP&E when sold; non

Gains / (Losses) on Sale of ST Investments

The difference between the sale price and book value of short

Pre

Tax Income (EBT)

Income Taxes (Current Portion)

The portion of income taxes paid in cash in the current period

Income Taxes (Deferred Portion)

The portion of income taxes deferred to a future period due to timing differences

Net Income

After

Net Income Margin %

Net Income divided by Revenue

Preferred Dividends

Cash payments to preferred shareholders; not tax

Net Income to Common

Net Income minus Preferred Dividends; profit attributable to common shareholders