Also referred to as a profit and loss statement. By combining these elements, the income statement illustrates just how much income your company makes or loses during the year by subtracting cost ...

She began writing financial articles for Investopedia ... and live events. The company's income statement breaks down its revenue, expenses, and earnings per share. Its P/E ratio is above average ...

The income statement is a financial document that demonstrates the financial performance of a business based on its income and how this has changed over a period of time, usually 12 months.