Income Statement
Income Statement
For the Year Ended [Date]
Revenue:[List of revenue items]Total Revenue
Cost of Goods Sold:[List of cost of goods sold items]Total Cost of Goods Sold
Gross Profit:Total Revenue – Total Cost of Goods Sold
Operating Expenses:[List of operating expense items]Total Operating Expenses
Income Before Taxes:Gross Profit – Total Operating Expenses
Income Taxes:[List of income tax items]Total Income Taxes
Net Income:Income Before Taxes – Total Income Taxes
Additional Items:[List of any additional items, such as extraordinary items or non-operating income]
Net Income (Loss):Net Income + Additional Items
Cash Flow from Operations:[List of cash flow from operations items]
Cash Flow from Investing:[List of cash flow from investing items]
Cash Flow from Financing:[List of cash flow from financing items]
Net Change in Cash:Cash Flow from Operations + Cash Flow from Investing + Cash Flow from Financing
Cash Balance:Beginning Cash Balance + Net Change in Cash
Ending Cash Balance:Cash Balance
Notes:
- This is a template for an income statement, and the specific items may vary depending on the industry or company size.
- All amounts should be in dollars.
- Percentages can be used for some items, such as cost of goods sold or operating expenses.
- The income statement is used to track a company’s revenues, expenses, and net income.
- It is an important financial statement used by investors and creditors to assess a company’s financial health.
