An income statement is one of the three major financial statements that reports a company's financial performance over a specific accounting period.
 | | Term of the Day | Words to Know | | |  | | Income Statement | An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period, with the other two key statements being the balance sheet and the statement of cash flows.
Also known as the profit and loss statement or the statement of revenue and expense, the income statement primarily focuses on the company's revenues and expenses during a particular period. | | Read More » | | Related to "Income Statement" | | | | Sign Up for 'Chart Advisor' | | Want more Investopedia market news? Investopedia's expert analysts present market performance for the day and discuss with in-depth charting and technical analysis, a must read for traders. | | Subscribe» | | | Financial Performance | | Financial performance is a subjective measure of how well a firm can use assets from primary operations and generate revenues. | | Read More » | | | Cash Flow | | Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. | | Read More » | | | Bottom Line | | The bottom line refers to a company's net earnings, net profit, net income or earnings per share (EPS). Companies try to improve their bottom line by growing revenue and increasing efficiency. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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