Earnings Statement Editing | Edit Income Statements Online 2018

Earnings Statement Editing

Earnings Statement

Definition

Also known as the income statement, the earnings statement is a standard financial accounting document that outlines the revenues and expenses in a given reporting period.  Performance is generally measured in terms of net profit or loss.

Explanation

An earnings statement, along with the statement of cash flows and balance sheet, is one of the three major financial accounting documents published by companies.  The earnings statement provides a summary of the revenues (income) and expenses (costs) incurred by a company over time.  Typically, statements are published by publically held companies on a quarterly or annual basis.

The statement is usually divided into an operating and non-operating section.  Non-operating items are usually non-recurrent events, extraordinary items or those associated with discontinued operations.  Revenues and costs associated with operating items are of interest to creditors, analysts and investors, since they provide insights into the ability of the company to operate profitably.

Example

The table below provides a high level summary of the components of the earnings statement (continuing operations).

Total Revenue	29,611,000
Cost of Goods Sold	(15,693,000)
Gross Profit	13,918,000
Operating Expenses
Selling General and Administrative	(7,740,000)
Operating Income or Loss	6,178,000
Income from Continuing Operations
Interest Expense	(221,000)
Income Tax Expense	(1,674,000)
Net Income from Continuing Operations	4,283,000

Earnings Statement Editing

	STATE OF WASHINGTON Earnings and Deductions Statement		Payroll Date 09/10/2009
Employer 0000 Dept of Dept RANDOM. SAMPLE A. SW 1300 HEARTLAND RD. MASON WA 98580-9999		Location  1013 Personnel#           Payroll Area  000000             11 Semi-monthly Exemption#              W/H Stat        01                                 Married Pay Period                     Anniversary Date      2005-17                          09/17/1984 Pay Period Begin           Pay Period End      08/16/2009                     08/31/2009
Earnings      +      Allowances      -      Mandatory Deductions      -       Deductions     +      Adjustments = NET PAY     2,377.00                     0.00                                   474.50                                    330.12                            0.00 1,572.38
.
Payment Type                 Payment Number     Account                 Payment Bank      Amount    Direct Deposit B012848 Checking WASHINGTON STATE EMPL CU 505 E UNION AVE, STE 200 98507 OLYMPIA WA                                                                                        1,572.38    Total Net Payment 1,572.38   SAMPLE
.
Leave / Quota Balance              Begin            Earned            Taken            Adjust            Balance  Sick Leave 735.70 0.00 0.00 0.00 735.70  Annual Leave/Vacation   240.00 0.00 0.00 0.00  240.00  Jus. Excess Leave 51.77 14.67  0.00 0.00 66.44  Sick Leave Conversion 727.70 0.00  0.00  0.00 727.70

Earnings Statement Editing