what is a company s income statement 
an income statement is one of the three key documents used for reporting a company s yearly financial performance the income statement includes the gains losses revenue and expenses that a company reports in that period net income is the bottom line on an income statement the bottom linenet income or net earnings is the bottom line on a company s income statement it s calculated by subtracting expenses interest and taxes from total revenues net income can also refer to an individual s pretax earnings after subtracting deductions and taxes from gross income earnings per share eps are calculated using a business s net income these numbers should always be reviewed by investors to ensure that they are accurate and not inflated or misleading 