The gross profit less operating expenses, as reported by the company for each of the past five fiscal years . Gross profit is equal to revenues minus costs of goods sold or costs of services provided. Operating Expenses are expenses incurred within the normal operations of a business. These include selling, general, and adminstrative expenses, and also depreciation and amortization of fixed assets. Operating income also includes interest income and interest expense.
Net income reflects the income available for common stockholders.
This figure is a useful snapshot of how much a company earned in a given year, but it should always be looked at in the context of net income figures for previous years and for the trailing 12 months. If TTM net income is lower than the previous year s net income, it means the company s earnings have been slipping recently. This information is found in the company s income statement in the annual report and 10-Q report for each time period. This figure is a useful snapshot of how much a company earned in a given year, but it should always be looked at in the context of EPS figures for previous years and for the trailing twelve months. Also, per-share numbers are more useful than raw net income for cases where a company has issued lots of new shares.