What is net income?

Net Income

In business, Net income also referred to as the bottom line, net profit, or net earnings is an entity's income minus expenses for an accounting period. It is computed as the residual of all revenues and gains over all expenses and losses for the period, and has also been defined as the net increase in stockholder's equity that results from a company's operations. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit and loss.

Read more about Net Income.

Some articles on net income:

An Equation For Net Income
... Net sales (revenue) – Cost of goods sold = Gross profit – SG A expenses (combined costs of operating the company) = EBITDA – Depreciation amortization ...
Durham Performing Arts Center - Costs and History
... far exceeded projections for attendance, activity, gross revenue, net income after operating expenses ... Both the City's 40% share of theater net income and income to the City from ticket facility fee surcharges have far exceeded projections ... At more than $1.2 million, the City's 40% share of theater net income in fiscal year 2009-2010 was over five times more than originally projected ...
Bottomline
... In business, Net income also referred to as the bottom line, net profit, or net earnings is an entity's income minus expenses for an accounting period ... and gains over all expenses and losses for the period, and has also been defined as the net increase in stockholder's equity that results from a company's operations ... statements, the IFRS Foundation defines net income as synonymous with profit and loss ...
Comprehensive Income (accounting)
... Comprehensive income is defined by the U.S ... distributions to owners.” Comprehensive income is the sum of net income and other items that must bypass the income statement because they have not been realized ... These items are not part of net income, yet are important enough to be included in comprehensive income, giving the user a bigger, more comprehensive picture of the organization as a ...
Supplemental Nutrition Assistance Program - Impact - Housing Expenditure
... Housing is generally considered affordable when it costs 30% or less of total household income rising housing costs have made this ideal difficult to attain ... true in New York City, where 28% of rent stabilized tenants spend more than half their income on rent ... Among lower income families the percentage is much higher ...

Famous quotes containing the words income and/or net:

    The secret of success lies never in the amount of money, but in the relation of income to outgo.
    Ralph Waldo Emerson (1803–1882)

    A culture may be conceived as a network of beliefs and purposes in which any string in the net pulls and is pulled by the others, thus perpetually changing the configuration of the whole. If the cultural element called morals takes on a new shape, we must ask what other strings have pulled it out of line. It cannot be one solitary string, nor even the strings nearby, for the network is three-dimensional at least.
    Jacques Barzun (b. 1907)