On the income statement, total revenue is shown and reduced by COGS to arrive at gross profit. This shows how much revenue remains to cover operating expenses and hopefully still leave a profit.SG&A expense is listed below gross profit, followed by other expenses that do not fall under SG&A or COGS, such as financial expenses which do not directly relate to central operations. After all these expenses are deducted from revenue, profit or loss is what we call net income, quite literally, âthe bottom line" on the income statement.