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Income Statement Gross Profit

The document is an income statement template showing revenue, costs, expenses, and earnings for a company from 2013 to 2017. It shows that revenue increased each year from $102,007 in 2013 to $150,772 in 2017. Gross profit also increased each year, rising from $62,984 in 2013 to $94,062 in 2017, with the gross profit margin remaining around 60-63% each year. Operating expenses remained relatively steady as a percentage of revenue, with operating profit increasing from $6,094 in 2013 to $41,325 in 2017. After accounting for taxes, net earnings increased from a loss of $6,346 in 2013 to a profit of $22,231 in 2017.

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21 views2 pages

Income Statement Gross Profit

The document is an income statement template showing revenue, costs, expenses, and earnings for a company from 2013 to 2017. It shows that revenue increased each year from $102,007 in 2013 to $150,772 in 2017. Gross profit also increased each year, rising from $62,984 in 2013 to $94,062 in 2017, with the gross profit margin remaining around 60-63% each year. Operating expenses remained relatively steady as a percentage of revenue, with operating profit increasing from $6,094 in 2013 to $41,325 in 2017. After accounting for taxes, net earnings increased from a loss of $6,346 in 2013 to a profit of $22,231 in 2017.

Uploaded by

lorente1809
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
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Income Statement (Gross Profit) Strictly Confidential

Notes
This Excel model is for educational purposes only and should not be used for any other reason.
All content is Copyright material of CFI Education Inc.
https://corporatefinanceinstitute.com/

© 2019 CFI Education Inc.


All rights reserved. The contents of this publication, including but not limited to all written material, content layout, images, formulas, and code, are protected under international copyright and trademark laws.
No part of this publication may be modified, manipulated, reproduced, distributed, or transmitted in any form by any means, including photocopying, recording, or other electronic or mechanical methods,
© Corporate Finance Institute®. All rights reserved.

Income Statement Template 2013 2014 2015 2016 2017

Revenue 102,007 118,086 131,345 142,341 150,772


Cost of Goods Sold (COGS) 39,023 48,004 49,123 52,654 56,710
Gross Profit 62,984 70,082 82,222 89,687 94,062
Gross Profit Margin 62% 59% 63% 63% 62%

Expenses
Salaries and Benefits 26,427 22,658 23,872 23,002 25,245
Rent and Overhead 10,963 10,125 10,087 11,020 11,412
Depreciation & Amortization 19,500 18,150 17,205 16,544 16,080
Operating Expenses 56,890 50,933 51,164 50,566 52,737
Operating Profit 6,094 19,149 31,058 39,122 41,325
Operating Profit Margin 5.97% 16.22% 23.65% 27.48% 27.41%

Interest 2,500 2,500 1,500 1,500 1,500


Other 8,820 6,225 1,659 3,911 5,996
Total Expenses 68,210 59,658 54,323 55,977 60,233
Earnings Before Tax (5,226) 10,424 27,899 33,711 33,829

Taxes 1,120 4,858 8,483 10,908 11,598


Net Earnings (6,346) 5,566 19,416 22,802 22,231

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