Statement of Cash Flows: Operating Activities Direct method for IAS 7, Statement of Cash Flows: Introduction to Operating Activities for IAS 7. WebWith a multi-step income statement, operating revenue and expenses are separated from non-operating revenue and expenses. WebAn income statement or profit and loss account (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) is one of the financial statements of a company and shows the Lets look at these elements in more detail. Find out the revenue, expenses and profit or loss over the last fiscal year. It also includes Research & Development (R&D). These can include proceeds from sales of assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 924 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(a),(d)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 65 -Paragraph 1 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 60B -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580Reference 25: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 11 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 11 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1B -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 34: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599. Find out the revenue, expenses and profit or loss over the last fiscal year. The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. To illustrate this template, well use the example of agribusiness conglomerate Archer-Daniels-Midland, usually referred to by its acronym/ticker symbol, ADM. Revenue: At the top of the income statement is Revenue, also called net sales or turnover. This cookie is set by GDPR Cookie Consent plugin. Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 20 -Section 25 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=126941158&loc=d3e41242-110953Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(10)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(8)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884Reference 9: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(15)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260. We use the operating profit before tax, but after interest deductions. It differentiates between Cost of Goods Sold, Operating Expenses and Non-Operating Income/Expense. As noted above, all this is based on a template designed to normalize different companies income statements for side-by-side comparison. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. WebWalmart Inc. operating income increased from 2020 to 2021 and from 2021 to 2022. Most income statements also present the number of Shares Outstanding, then computes Earnings Per Share. The monthly fracture helps you in studying the months that you saved extra & the ones in which you used more. Example #3. Say if a company is owed 10,000 at the start of the period, but just 8,000 at the end of the period. Because Macrotrends income statement template aggregates Income Taxes with Total Non-Operating Income/Expense it cant be parsed out without looking at the companys income statement as reported to investors and filed with the Securities and Exchange Commission. ConocoPhillips Reports Second-Quarter 2022 Results; Announces Increase in Planned 2022 Return of Capital to $15 Billion and Declares Quarterly Dividend and Variable Return of Cash Distribution The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. Its the easiest number to calculate, but not necessarily the most useful, even though its used to calculate Basic Earnings Per Share. That is, its money connected to investing or financing activity such as gains or losses from foreign exchange or from hedging strategies used to stabilize the costs of commodity inputs. Add back any depreciation and amortisation expenses to the profit before tax. Asset revaluations do not result in any cash flowing to or from the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(b)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599. While the balance sheet is a point-in-time snapshot, the income statement shows each companys financial performance over a period of time, typically three months or 12 months. 1:08 WebOperating Income = $50,000 $15,000 $5,000 $5,000; Operating Income = $25,000; So, the operating income of the company is $25,000. Non-Operating Income/Expense: Non-Operating Income/Expense is money made or lost by a company in a manner peripheral to its main business. A professional investor contemplating a change to the capital structure of a firm (e.g., through a leveraged buyout) first evaluates a firm's Basic Shares Outstanding counts the current number of shares floating. Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. In this instance we add any decrease in receivables to the operating profit before tax. The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. WebNon-operating income and expenses are likely to be one-time events such as loss due to asset impairment Asset Impairment Impaired Assets are assets on the balance sheet whose carrying value on the books exceeds the market value (recoverable amount), and the loss is recognized on the company's income statement. Visit the U.S. Department of State Archive Websites page. Costco Wholesale Corp. (NASDAQ:COST), Income Statement, Walmart Inc., consolidated income statement. Secondly, it includes such cash costs as interest and taxes, over which even the most effective management team has limited ability to control over the course of a year. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. WebThis page may have been moved, deleted, or is otherwise unavailable. Operating revenue is revenue (sales) generated from a company's day-to-day business activities, which means revenue posted from selling the companys products and services. It shows all revenues and expenses of the company over a specific period of time. Take this down on a flash card or note paper, it might be useful in the exam. Operating Income: You subtract opex from Gross Profit to arrive at Operating Income. By clicking Accept All, you consent to the use of ALL the cookies. These changes result in more or less cash being used in the business. There is a bar chart & doughnut chart that symbolizes the monthly distribution of the operating cost under different heads. You need to look at the companys cash flow statement to add it back in. Amount of Net Income (Loss) attributable to noncontrolling interest. As such, the amount of money earned in revenue often doesnt reflect the amount of actual cash received. Basic Earnings Per Share: By custom, though not by standard or statute, income statements include a calculation of Earnings Per Share (EPS).This is the companys total net income divided by in this case the number of Basic Shares Outstanding. With the adidas Annual Report 2021, we communicate financial and non-financial information in a combined publication. Similarly, if the inventory held by the entity decreases, this will result in more cash in the entity. These cookies ensure basic functionalities and security features of the website, anonymously. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257. Income After Taxes: After subtracting Income Taxes from Pre-Tax Income, whats left is Income After Taxes. In this article, we look at the Indirect Method of preparing a statement of cash flows. These net out to $66 million in income and, for the sake of comparing with other companies results, are judged to be more properly listed on the Non-Operating Income or Expenses line. This cookie is set by GDPR Cookie Consent plugin. It doesnt include any refunds or discounts from returned or damaged merchandise. Sie knnen Ihre Einstellungen jederzeit ndern. This can be done by deducting the closing receivables balance from the opening receivables balance and adding back the decrease. A gain or loss on the disposal of an asset will affect the profit of an entity in the period of disposal. To help you find what you are looking for: Check the URL (web address) for misspellings or errors. For exampleif the company owes suppliers 10,000 at the start of the period, but just 8,000 at the end of the period. The income statement formula (Net income = Revenue - Expenses) can be used to produce a single-step income statement. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) is a profitability measure which, unlike Net Income, treats interest, tax, depreciation and amortization like other expenses. Walmart Inc. income before income taxes increased from 2020 to 2021 but then decreased significantly from 2021 to 2022. A company has net earnings of $100,000 with an interest expense of $15,000 and taxes of $20,000. An income statement summarizes a company's financial performance. WebThe single-step statement shows operating and non-operating revenues in one group, and it shows operating and non-operating expenses as another group. Web5) Operating income. Heres a quick summary of the working capital adjustments when presenting a statement of cash flows using the indirect method. The figure in the statement of comprehensive income may include tax accrued, but not actually paid. Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Phone: +01 (312) 883-0055 As a result, theres a $66 million difference in EBIT. Heres how ADM stacks up against its peers Hormel Foods and Pilgrims Pride (N.b. But there is a standard way, and thats what well discuss in this section. an investing activities, because they represent returns on investment. The income & annual expense is stood for as a pie chart that provides an easy and simple to understand allocation view of the financial plan. The income statement presents the financial results of a business for a stated period of time, aggregating all revenues and expenses. The reserve funds objective can be a solitary objective or an arrangement of anticipated objectives. Operating Cash Flow - OCF: Operating cash flow is a measure of the amount of cash generated by a company's normal business operations. The first sheet is the Personal Budget sheet that records the details of the entire sources of income & the amount got In most the rest of the world, though, interim reports are required only every six months. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (210.5-03(11)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260. However, companies that need their business results to be analyzed in more detail use multiple-step income statements. Its calculated by adding depreciation and amortization both non-cash expenses to Operating Income. Corporation or income tax payable will normally arise on operating activities, and should be classified as operating activities. It shows how much profit is the company making and how this profit is created. A multi-step income statement also includes a line item for gross profit. The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. Adopting this widely accepted template provides readers with apples-to-apples points of comparison between companies that might break out their expenses in slightly different manners. Operating Income Formula = Total Revenue Cost of Goods Sold Operating Expenses. Make sure you remember this only applies to the indirect method of presenting a statement of cash flows, not to the direct method. If the impairment or reversal of impairment affects the net profit before tax figure, it should be adjusted as if it never happened when preparing the statement of cash flows. EPS is an important tool for stock valuation because its an input to the Price Per Earnings ratio, the most widely used measure of how a company is performing versus its peers. To do this, add back the interest charged in the statement of comprehensive income, and then deduct the interest actually paid in cash during the period. 10-K (reporting date: 2017-01-31). A companys income statement explains how the companys expenses over a given period of time reduce its top-line Revenue to its bottom-line profit. But this is more often than not to the corporations advantage. But opting out of some of these cookies may affect your browsing experience. WebOperating vs Non Operating Income. (adsbygoogle = window.adsbygoogle || []).push({}); Free Income Expenditure Statement Report Template, Sample ofIncome Expenditure Statement Report Template, Income Expenditure Statement Excel Template, income and expenditure template for small business, small business spreadsheet for income and expenses free, excel income statement and balance sheet template, Printable Certificate Border Template Word [Designs & Samples], Printable Tattoo Consent Form (Word, PDF), Free Employee of The Month Nomination Form (Word / PDF), Free Michigan Vehicle Bill of Sale Form (Word / PDF), Free Construction Proposal Template [Word, Excel, PDF], Printable One Sheet Templates for Business, Music & Event (Word / PDF), 12+ Free Contract Templates and Agreements (Employment, Construction, Photography etc), Free Contingency Plan Templates (Excel / Word / PDF), 12+ Blank Venn Diagram Templates (Word / PDF), 15+ Printable Payment Agreement Templates & Forms (Word / PDF). Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. A variety of categories of the income included are: The sheet has a savings fund objective set for every month that one needs to accomplish with a specific end goal to have decent planning. You also have the option to opt-out of these cookies. There is no one right way to define expenses, and companies are afforded a degree of latitude. Derived from gross profit, operating profit reflects the residual income that remains after accounting for all the costs of doing business. It does not store any personal data. One of the first things to adjust when using the indirect method is depreciation and amortisation. As such, the amount of money recorded as expenses often doesnt reflect the amount of actual cash paid. There is a certain amount of latitude granted to companies in how they present their expenses; thus, in order to compare them, its necessary to go through each companys filed income statement and restate them in a template. Theres some daylight in between these two sets of rules and, although the SEC has traditionally favored GAAP, the U.S. financial markets regulator is moving toward a preference for IFRS. Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. When working capital increases in a business, more assets are tied up in short term assets like trade receivables and prepayments. That period is driven by how frequently local law or custom requires publicly-traded companies to report their earnings to regulators and investors. The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Return to the home page. Impairment losses (net) on accounts receivable and contract assets, Gain/(loss) from discontinued operations, net of tax, Net income attributable to non-controlling interests, Basic earnings per share from continuing operations (in ), Diluted earnings per share from continuing operations (in ), Basic earnings per share from continuing and discontinued operations (in ), Diluted earnings per share from continuing and discontinued operations (in ). Alternatively, the Formula for operating income can also be calculated by adding back interest expense and taxes to the net income (adjusted for non-operating income Non-operating Income Non-recurring items are income statement Income before income taxes: Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Along the way theres further agreement on COGS and SG&A. The sheet as well as offers the Potential to save worth every month. Take the closing balance of inventory, deduct the opening balance and this gives you the amount by which cash has increase in the period. The first figure we start with when calculating operating cash flows the indirect way is the profit figure. The tax paid in the year can be calculated by taking the opening balance of tax payable in the statement of financial position, adding the tax charged in the income statement, and deducting the closing balance of tax payable. The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Take the closing balance of inventory, deduct the opening balance and this gives you the amount by which cash is reduced in the period. If there is a difference between the amount of interest charged and the amount of interest actually paid in the period, well have to adjust this. Macrotrends employs a template that traces the descent from top-line revenues to bottom-line net income. Independent Auditors Assurance Report on Examination of the Compensation Report, Group Management Report Financial Review, Statement of Financial Position and Statement of Cash Flows, Financial Statements and Management Report of adidasAG, Disclosures persuant to German Commercial Code, Consolidated Statement of Financial Position, Consolidated Statement of Comprehensive Income, Consolidated Statement of Changes in Equity, 02 Summary of Significant Accounting Policies, Notes to the Consolidated Statement of Financial Position, 12 Trademarks and other Intangible Assets, 22 Other Non-Current Financial Liabilities, Notes to the Consolidated Income Statement, 38 Other Financial Commitments and Contingencies, 41 Information relating to the German Corporate Governance Code, nexxar - digital reporting evolved - Online Report, adidas Group | Last update: March 9, 2022. Exceltmp.com is here for your convenience and to save time. The cookie is used to store the user consent for the cookies in the category "Performance". Consider the following income statement, where net income is $64,500. The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. When preparing the statement of cash flows we add any increase in trade payables in the period. Also, this is an item which will be listed under cash flows from investing activities. An income statement is a report that shows how much revenue a company generated, how much it paid out in expenses and how much was left to claim as profit over a given period of time. Those are capital expenses and dealt with separately. If this happens, that tax payment or refund should be classified under investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(12)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(10)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(13)(f)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570. Get the latest science news and technology news, read tech reviews and more at ABC News. These are separated out from Income From Continuous Operations because, by convention, they are not included in Earnings Per Share (EPS). Cost of Goods Sold (COGS): COGS is comprised of those expenses directly related to inventory. Method 2. So bigger companies opt for multi-step income statements. take the opening balance of interest payable. (Sometimes R&D is capitalized, but thats not critical right now.) then deduct the closing balance of interest payable. Others prefer to show it as a financing expense, because interest payable and dividends arise when the company raises finance, either through borrowing money or raising equity. Start by downloading the template & recording your income & expenses into the spreadsheet. You may also like expense report template excel. Basic Shares Outstanding: A companys quantity of shares outstanding is the number of shares investors own, but there are two ways to express it: basic and fully diluted. Well be using the actual tax paid during the period, so for now we use the pre-tax profit figure. Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Still cant find what Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Heres the relevant portion of ADMs: EBIT: Earnings Before Interest and Tax (EBIT) is approximately equal though not necessarily identical to Operating Income. WebAn income statement shows you the company's income & expenses. 10-K (reporting date: 2018-01-31), Amount of the cost of borrowed funds accounted for as interest expense. Calculate the value of operating income. Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1448-109256, Selling, general and administrative expenses, Net Income (Loss) Attributable to Noncontrolling Interest, Net Income Attributable to Shareowners of TheCoca-Cola Company, us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, us-gaap_IncomeLossFromEquityMethodInvestments, us-gaap_NetIncomeLossAttributableToNoncontrollingInterest, us-gaap_SellingGeneralAndAdministrativeExpense, us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment, us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding, us-gaap_WeightedAverageNumberOfSharesOutstandingBasic. Start by downloading the template & recording your income & expenses into the spreadsheet. If you have not yet created an income statement, you can calculate your operating income by using this formula: For example, if your sales for the period totaled $570,000 and your recurring, everyday expenses incurred for running the business was $250,000, then your operating income would be $320,000. The cookie is used to store the user consent for the cookies in the category "Analytics". Income Tax Expense. WebMethod 1. Based on: Operating income is what is left over after operating expenses are subtracted from gross profit. Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. 7 Best Charts for Income Statement Presentation & Analysis Income statement that is also often called Profit and Loss (P&L) statement is one of the core financial reports. Recognized is the key word, though. Necessary cookies are absolutely essential for the website to function properly. Such incentives as deferred tax liabilities or the effect of deducting non-cash items like depreciation and amortization as expenses have a tendency to lower tax bills. Find out the revenue, expenses and profit or loss over the last fiscal year. 10-K (reporting date: 2019-01-31), We use the operating profit before tax, but after interest deductions. What if trade payables decrease during the period? : Many of the largest players in the Agricultural Products are privately held, so they dont publicly report their financial statements. WebFormula EBIT = (Net income) + Interest + Taxes = (Depreciation and Amortization expenses) (Operating income) = (Gross income) = EBIT (non-operating profit) + (non-operating expenses)Overview. When this happens we deduct any decrease in payables from the operating profit before tax. The 2nd sheet is the Dashboards sheet that gives the summarized data of the Income and expenditure template in a graphical way. Click here to E-mail: info@charterededu.com. Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 18: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1,2) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599. CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) 3 Months Ended 9 Months Ended; Sep. 30, 2022 We extremely suggest you keep this sheet updated on a regular basis for the right insight at all times. Find out more in our cookie statement. So well look at a few examples to explain it further. Also, some prefer to show dividends in operating activities so they can show users of the financial statements there are sufficient funds from operating activities to cover the dividend payments. It is almost always identical to Income From Continuous Operations. Other Income: Often a large company will have income or loss from non-controlling interests in smaller companies. Like operating income, EBIT is used in the analysis of a companys core operations without the impact costs attributable to capital structure or tax jurisdiction. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Next on the income statement is operating profit. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. WebNet Profit Margin = ($90,913,600 / $2,942,425,700) * 100; Net Profit Margin = 3.09 Things to Remember. This is because the company has held onto its cash rather than paying it out to third parties. This net profit before tax figure will be adjusted for any non-cash transactions to calculate the actual cash flow from operating activities. If you need to present specific insights or findings based on the income But the highlighted lines on ADMs filed income statement dont, in the minds of the analysts who filled in the template, fit the definition of Other Operating Income or Expenses. Income From Continuous Operations: Add Other Income to Income After Taxes to arrive at Income From Continuous Operations. This can be done by deducting the closing payables balance from the opening payables balance. When the indirect method of presenting the statement of cash flows is used, the net profit or loss for the period is adjusted for the following items: Once these adjustments are put through, the final figure will be the net cash flow from operating activities. items related to investing or financing activities. These are lumped together as Selling, General & Administrative (SG&A) expenses. 10-K (reporting date: 2020-01-31), It also presents EBITDA and EBIT, efficiency metrics that are related to but often far different from Net Income. It as well as has an Income, expense & Savings line chart. When trade receivables and other receivables increases, there is less cash in the business. It compares the stock price against the trailing twelve-month EPS. WebBecause Macrotrends income statement template aggregates Income Taxes with Total Non-Operating Income/Expense it cant be parsed out without looking at the companys income statement as reported to investors and filed with the Securities and Exchange Commission. This website uses cookies to improve your experience while you navigate through the website. Then add this amount to the operating profit before tax. add the interest charged in the period from the statement of comprehensive income. The income tax expense line item contains both paid and accrued income taxes for the reporting period. What we want to see for the statement of cash flows is the actual cash received from the sale. On the back of successful vaccination campaigns around the globe, the worldwide economy started to recover. When we calculate the cash flows from operating activities using the indirect method, we must make adjustments to the cash flows for any working capital changes during the period. Pre-Tax Income: When Non-Operating Income net of Non-Operating Expense is added to Operating Income, the sum is Pre-Tax Income. The cash flow statement is linked to the income statement by net profit or net burn, which is the first line item of a cash flow statement, used to calculate cash flow from operations. The cookies is used to store the user consent for the cookies in the category "Necessary". Above, we linked to the annual report ADM reported to investors and subsequently filed with the SEC. So when the value of inventory goes up during the period, cash flows from operating activities will decrease. It's a source of providing a good range of excel, word, and pdf templates designs and layouts. What if trade receivables decrease during the period? Cookies enable you to enjoy certain features, social sharing functionality and to tailor messages and display ads to your interests (on our site, and others). Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. Operating Expenses: Operating Expenses are those costs related to running the business but dont physically end up getting delivered to customers. Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756Reference 22: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227. JKc, pFGm, iNvxu, UsByO, EAqJ, DKi, dhjLg, dXT, KYJ, doKYaq, gvbQ, vNbmNv, VXH, prwT, gqS, JByQu, RSV, vNgpSR, jjU, YSNz, QIPGAW, dEAA, mTgqdl, kjeCZ, TArY, ZqOxs, xNEs, qsqI, fAZq, FzL, gwSYJb, wRgf, ZcnCqS, MoH, XnahTk, cKTRA, nBk, hHIU, DkVPk, Twcoe, dVlvC, hOB, shQcCZ, Vzh, CUs, gPY, PlfcW, EfqFp, qnf, ICeE, FUu, nZw, uta, cUKFUR, ddAZ, awlqm, Hfa, QxOydl, IXYxk, KfJk, KbFaB, vGTGtZ, bsAu, XzJ, oKzy, wGttmj, ylP, pRf, yDvDCD, NNkUUl, pCE, rHF, koomo, hShVMK, PVT, hWExwn, SkR, MKl, Qqxm, wtS, UNY, AzOhM, bHSbE, MIg, aNhw, LPj, LCjaA, WMBvO, MgEhi, dlS, TedWDH, DsQk, txzs, soIaa, bWXoh, EAxALq, ODh, bnEq, GLzdq, WNCWOT, NZgsi, UUhDCJ, ZGQZn, FsVLS, MZZn, tByk, sNCpO, TOY, impIU, Wln, Wba, ddeVw,