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What is Net Income?
What is Net Income?
Published: 2016/02/17
Channel: Phil Town's Rule #1 Investing
How to Determine Net Income or Loss (Accounting Principles)
How to Determine Net Income or Loss (Accounting Principles)
Published: 2014/12/16
Channel: Matthew Origoni
Accounting for Beginners #37 / Net Income / Income Statement / Balance Sheet / Accounting Basic
Accounting for Beginners #37 / Net Income / Income Statement / Balance Sheet / Accounting Basic
Published: 2017/07/03
Channel: CPA Strength
Net Income
Net Income
Published: 2010/12/22
Channel: Quatere
Online income Bangla Tutorial- 3 misconception of Earning money online in Bangladesh VS Real income
Online income Bangla Tutorial- 3 misconception of Earning money online in Bangladesh VS Real income
Published: 2016/07/14
Channel: WaliBD
Income Statement, Cont
Income Statement, Cont'd: EBITDA, Net Income
Published: 2013/06/09
Channel: Alex Glassey
Introduction to the income statement | Stocks and bonds | Finance & Capital Markets | Khan Academy
Introduction to the income statement | Stocks and bonds | Finance & Capital Markets | Khan Academy
Published: 2009/08/19
Channel: Khan Academy
Net Income Video Definition
Net Income Video Definition
Published: 2012/02/02
Channel: sainvestinganswers
What is NET INCOME? What does NET INCOME mean? NET INCOME meaning, definition & explanation
What is NET INCOME? What does NET INCOME mean? NET INCOME meaning, definition & explanation
Published: 2016/08/10
Channel: The Audiopedia
What is the Difference Between Gross Income and Net Income?
What is the Difference Between Gross Income and Net Income?
Published: 2012/06/21
Channel: Damon Duncan
Financial Accounting - Income Statement
Financial Accounting - Income Statement
Published: 2013/08/29
Channel: mattfisher64
Lesson 6   Net Income
Lesson 6 Net Income
Published: 2015/12/02
Channel: factswithfowler
EBIT vs. EBITDA vs. Net Income: Valuation Metrics and Multiples
EBIT vs. EBITDA vs. Net Income: Valuation Metrics and Multiples
Published: 2014/01/23
Channel: Mergers & Inquisitions / Breaking Into Wall Street
Accounting Equation; Retained Earnings; Net Income; Dividends - video
Accounting Equation; Retained Earnings; Net Income; Dividends - video
Published: 2010/12/16
Channel: Brian Routh TheAccountingDr
Gross and Net Income
Gross and Net Income
Published: 2015/01/06
Channel: colwellmath
Calculating Net Income
Calculating Net Income
Published: 2012/09/12
Channel: Steve Watkins
Sundar Pichai (Google CEO) Income, Car, House, Education, Lifestyle and Net Worth | The Filmy Cut
Sundar Pichai (Google CEO) Income, Car, House, Education, Lifestyle and Net Worth | The Filmy Cut
Published: 2017/02/02
Channel: TheFilmyCut
Sandeep Maheshwari Income, House, Cars, Luxurious Lifestyle & Net Worth
Sandeep Maheshwari Income, House, Cars, Luxurious Lifestyle & Net Worth
Published: 2017/06/19
Channel: Top 5
Income Statement Merchandising Operations (Net Sales, Gross Profit, Net Income)
Income Statement Merchandising Operations (Net Sales, Gross Profit, Net Income)
Published: 2012/09/08
Channel: Allen Mursau
Mark Wiens Net Worth, Income, House, Car, Family and Luxurious Lifestyle
Mark Wiens Net Worth, Income, House, Car, Family and Luxurious Lifestyle
Published: 2017/12/04
Channel: Success Phantom
How to Determine Net Income or Loss Accounting Accounting Principles
How to Determine Net Income or Loss Accounting Accounting Principles
Published: 2014/12/15
Channel: Wiley
Mo Vlogs Net Worth, Income, House, Cars and Luxurious Lifestyle
Mo Vlogs Net Worth, Income, House, Cars and Luxurious Lifestyle
Published: 2017/05/25
Channel: Success Phantom
Virat kohli Net worth, Restaurant, Income, House, Car, Family, Investment, & Luxurious Lifestyle
Virat kohli Net worth, Restaurant, Income, House, Car, Family, Investment, & Luxurious Lifestyle
Published: 2017/10/07
Channel: Daily Updates
Difference Between Revenue | Operating  Income and Net Income
Difference Between Revenue | Operating Income and Net Income
Published: 2017/03/23
Channel: Mr. Thin
What is Net Income?
What is Net Income?
Published: 2012/09/22
Channel: The Motley Fool
Uber Driver-Partners: Gross Income vs Net Income - TurboTax Tax Tip Video
Uber Driver-Partners: Gross Income vs Net Income - TurboTax Tax Tip Video
Published: 2018/02/19
Channel: TurboTax
Qantas 1H Net Income at $607 Million
Qantas 1H Net Income at $607 Million
Published: 2018/02/22
Channel: Bloomberg TV Markets and Finance
Financial Modelling - Basic Income Statement - Operating Expense and Net Income
Financial Modelling - Basic Income Statement - Operating Expense and Net Income
Published: 2013/09/25
Channel: BusinessFinance
Salman Khan (2017) Income, Cars, Houses, Lifestyle and Net Worth
Salman Khan (2017) Income, Cars, Houses, Lifestyle and Net Worth
Published: 2017/06/01
Channel: Celebrity News
Kapil Sharma Income, Cars, Houses, Luxurious Lifestyle and Net Worth
Kapil Sharma Income, Cars, Houses, Luxurious Lifestyle and Net Worth
Published: 2016/12/29
Channel: TheFilmyCut
Equity Investments, Part 2: Net Income and Dividends
Equity Investments, Part 2: Net Income and Dividends
Published: 2014/01/14
Channel: Mergers & Inquisitions / Breaking Into Wall Street
Bhuvan Bam [BB Ki Vines] Net Worth, Income, House, Car, Pet and Luxurious Lifestyle
Bhuvan Bam [BB Ki Vines] Net Worth, Income, House, Car, Pet and Luxurious Lifestyle
Published: 2017/07/26
Channel: Success Phantom
Distributable Net Income (DNI) vs Taxable Income For Estates and Trusts
Distributable Net Income (DNI) vs Taxable Income For Estates and Trusts
Published: 2015/11/11
Channel: Rob Pederson
Salman Khan Income, Cars, Houses, Luxurious Lifestyle and Net Worth
Salman Khan Income, Cars, Houses, Luxurious Lifestyle and Net Worth
Published: 2016/11/14
Channel: TheFilmyCut
Aamir Khan Income, Cars, Houses, Luxurious Lifestyle and Net Worth | The Filmy Cut
Aamir Khan Income, Cars, Houses, Luxurious Lifestyle and Net Worth | The Filmy Cut
Published: 2017/01/25
Channel: TheFilmyCut
Shahrukh khan Income, House, Cars, Luxurious lifestyle & Net Worth
Shahrukh khan Income, House, Cars, Luxurious lifestyle & Net Worth
Published: 2017/11/02
Channel: Top 5
Village food factory [DADDY | Arumugam] Net Worth, Income, House, Car, Family and Desi Lifestyle
Village food factory [DADDY | Arumugam] Net Worth, Income, House, Car, Family and Desi Lifestyle
Published: 2017/09/16
Channel: Success Phantom
Amitabh Bachchan Income, Cars, Houses, Luxurious Lifestyle and Net Worth
Amitabh Bachchan Income, Cars, Houses, Luxurious Lifestyle and Net Worth
Published: 2016/12/02
Channel: TheFilmyCut
Virat Kohli Income, Cars, Houses and Luxurious Lifestyle
Virat Kohli Income, Cars, Houses and Luxurious Lifestyle
Published: 2016/10/06
Channel: TheFilmyCut
Anushka Sharma Income, Cars, Houses, Luxurious Lifestyle and Net Worth |  TFC
Anushka Sharma Income, Cars, Houses, Luxurious Lifestyle and Net Worth | TFC
Published: 2017/03/25
Channel: TheFilmyCut
How the Balance Sheet and Income Statement are Connected
How the Balance Sheet and Income Statement are Connected
Published: 2016/10/02
Channel: Edspira
Shahid Afridi Income, House, Cars, Lifestyle & Net Worth
Shahid Afridi Income, House, Cars, Lifestyle & Net Worth
Published: 2017/06/14
Channel: Celebrity News
Justin Bieber Income, Cars, Houses, Luxurious Lifestyle and Net Worth
Justin Bieber Income, Cars, Houses, Luxurious Lifestyle and Net Worth
Published: 2016/12/16
Channel: TheFilmyCut
Over- or Understated Net Income
Over- or Understated Net Income
Published: 2017/01/09
Channel: The Accounting Professor
CALCULATING EI CPP TAXES AND NET INCOME
CALCULATING EI CPP TAXES AND NET INCOME
Published: 2013/01/28
Channel: Jesse Bergman
Net income approach
Net income approach
Published: 2014/01/29
Channel: MVN University
Multi Step Formula = Net Income
Multi Step Formula = Net Income
Published: 2011/11/10
Channel: George Menaldo
Partnership Income Allocation
Partnership Income Allocation
Published: 2015/08/11
Channel: Red River College - Tutoring
Bhuvan Bam (BB Ki Vines) Income, House, Cars, Luxurious Lifestyle & Net Worth
Bhuvan Bam (BB Ki Vines) Income, House, Cars, Luxurious Lifestyle & Net Worth
Published: 2017/06/07
Channel: Top 5
RealSHIT Net Worth, Income, House, Car, Girlfriend, family and Luxurious Lifestyle [Reuploaded]
RealSHIT Net Worth, Income, House, Car, Girlfriend, family and Luxurious Lifestyle [Reuploaded]
Published: 2017/09/05
Channel: Success Phantom
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WIKIPEDIA ARTICLE

From Wikipedia, the free encyclopedia
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In business, net income (total comprehensive income, net earnings, net profit, informally, bottom line) is an entity's income minus cost of goods sold, expenses and taxes for an accounting period.[1] It is computed as the residual of all revenues and gains over all expenses and losses for the period,[2] and has also been defined as the net increase in shareholders' equity that results from a company's operations.[3] In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit and loss.[1]

Net income is a distinct accounting concept from profit but the same as net profit. Net income can also be calculated by adding a company's operating income to non-operating income and then subtracting off taxes.[4]

Definition[edit]

Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income (also depending on UK and US usage), net earnings and net profit are commonly found as synonyms for net income. Often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is informally called the bottom line because it is typically found on the last line of a company's income statement (a related term is top line, meaning revenue, which forms the first line of the account statement).

The items deducted will typically include tax expense, financing expense (interest expense), and minority interest. Likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company advertising, manufacturing, and design and development costs are included.

An equation for net income[edit]

Net sales (revenue)
Cost of goods sold
= Gross profit
SG&A expenses (combined costs of operating the company)
Research and development (R&D)
= Earnings before interest, taxes, depreciation and amortization (EBITDA)
Depreciation and amortization
= Earnings before interest and taxes (EBIT)
Interest expense (cost of borrowing money)
= Earnings before taxes (EBT)
Tax expense
= Net income (EAT)

Other terms[edit]

Net sales = gross sales – (customer discounts, returns, and allowances)
Gross profit = net salescost of goods sold
Operating profit = gross profit – total operating expenses
Net profit = operating profit – taxes – interest
Net profit = net salescost of goods soldoperating expense – taxes – interest

See also[edit]

References[edit]

  1. ^ a b "IAS 1 Presentation of Financial Statements" (PDF). IFRS Foundation. 2012. Retrieved April 14, 2012. 
  2. ^ Stickney, et al. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning.
  3. ^ Needles, et al. (2010) Financial Accounting. Cengage Learning.
  4. ^ "Net Income Formula". New Business Playbook. Archived from the original on 2013-10-19. 

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