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).
The Income Statement is a favorite financial statement to review because it reveals the nature of the restaurantâs success. The Income Statement shows how the restaurant performs over a period of time (i.e. a week, month or year). It takes all restaurant income and expenses into account, from prepaid expenses to expenses paid in the future. The Income Statement tells the operator if the business is making a profit. From there, some of key questions that need to be addressed.