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Comprehensive income is the sum of net income and other items that must bypass the income statement because they have not been realized, including items like an unrealized holding gain or loss from available for sale securities and foreign currency translation gains or losses. These items are not part of net income, yet are important enough to ...
Actual earnings are the “clean surplus” - this ensures that all gains or losses go through the income statement. The impact of fair values is recognized in earnings. Expected earnings = opening shareholders' equity X the firm's cost of capital (similar to accretion of discount.)
This statement expands the traditional income statement beyond earnings to include OCI in order to present comprehensive income. Under the revised IAS 1, all non-owner changes in equity (comprehensive income) must be presented either in one Statement of comprehensive income or in two statements (a separate income statement and a statement of ...
Comprehensive earnings/losses will increase/decrease book value and book/sh. Comprehensive earnings, in this case, includes net income from the Income Statement, foreign exchange translation changes to Balance Sheet items, accounting changes applied retroactively, and the opportunity cost of options exercised.
In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period. [1] [better source needed]
Excluding these discrete tax items, net income and earnings per diluted share grew 9.9% and 9.8%, respectively. Net sales for the first quarter was $60.99 billion, an increase of 7.5% from $56.72 ...
Net earnings were $246.5 million, an increase of 48.9%, or $81.0 million, compared to $165.5 million in the prior year. Net earnings per diluted common share were $1.86, an increase of 51.2%, compared to $1.23 in the prior year. Adjusted net earnings* were $255.5 million, an increase of 44.2%, compared to $177.2 million in the prior year.
For the full year, operating earnings as a percentage of net sales were 11.6%, and on an adjusted basis, were 12.2%. These both compared to 9.5% and 12.9% on a reported and adjusted basis ...