Understanding Income Statement

An Income Statement is a component of the financial statement that indicates the company's revenue and expenses as well as whether the company is making profit or loss for a given period. Income Statement also popularly known as a Profit & Loss Statement, Statement of operation, statement of financial income or results, etc.

Key Income Statement Fields

1. Operating Profit
2. EBITDA (Earnings before Interest, Taxes, Depreciation, & Amortization)
3. EBIT (Earnings before Interest & Taxes)
4. PBT (Profit Before Tax)
5. PAT (Profit After Tax)
6. Net Income