Wade Phillips. Peyton Manning poked fun at Wade Phillips last week on a homemade video, congratulating him on a 39th year coaching in the NFL. But not before Manningâs brother, Cooper, butted in with an impression.
An income statement is a report that shows how much revenue a company earned over a specific time period (usually for a year or some portion of a year). An income statement also shows the costs and expenses associated with earning that revenue. The literal âbottom lineâ of the statement usually shows the companyâs net earnings or losses. This tells you how much the company earned or lost over the period. Income statements also report earnings per share (or âEPSâ).
Income Statement. You could think of a company's income statement as a record of its financial transactions with the outside world.. When the company earns money from customers, it goes down as revenue on the income statement.When it incurs an expense, that expense goes on the income statement.ncome Statement. You could think of a company's income statement as a record of its financial transactions with the outside world.. When the company earns money from customers, it goes down as revenue on the income statement.