Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

DuPont de Nemours Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Net sales	21,512)	85,977)	62,484)	48,158)	48,778)
Cost of sales	(14,056)	(65,333)	(50,414)	(37,641)	(37,836)
Gross margin	7,456)	20,644)	12,070)	10,517)	10,942)
Research and development expenses	(955)	(3,060)	(2,110)	(1,584)	(1,598)
Selling, general and administrative expenses	(2,663)	(6,709)	(4,021)	(3,304)	(2,971)
Amortization of intangibles	(1,050)	(1,903)	(1,013)	(544)	(419)
Restructuring and asset related charges, net	(314)	(1,105)	(1,789)	(452)	(415)
Goodwill impairment charges	(1,175)	—)	(1,491)	—)	—)
Integration and separation costs	(1,342)	(2,463)	(1,101)	—)	—)
Asbestos-related charge	—)	—)	—)	(1,113)	—)
Operating income (loss)	(43)	5,404)	545)	3,520)	5,539)
Equity in earnings of nonconsolidated affiliates	84)	1,001)	764)	442)	674)
Sundry income, net	153)	592)	966)	1,309)	4,663)
Interest expense	(668)	(1,504)	(1,082)	(858)	(946)
Income (loss) from continuing operations before income taxes	(474)	5,493)	1,193)	4,413)	9,930)
(Provision for) benefit from income taxes on continuing operations	(140)	(1,489)	476)	(9)	(2,147)
Income (loss) from continuing operations, net of tax	(614)	4,004)	1,669)	4,404)	7,783)
Income (loss) from discontinued operations, net of tax	1,214)	(5)	(77)	—)	—)
Net income	600)	3,999)	1,592)	4,404)	7,783)
Net income attributable to noncontrolling interests	(102)	(155)	(132)	(86)	(98)
Net income attributable to DuPont	498)	3,844)	1,460)	4,318)	7,685)
Preferred stock dividends	—)	—)	—)	(340)	(340)
Net income available for DuPont common stockholders	498)	3,844)	1,460)	3,978)	7,345)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	DuPont de Nemours Inc. net sales increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	DuPont de Nemours Inc. operating income (loss) increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Income (loss) from continuing operations before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	DuPont de Nemours Inc. income (loss) from continuing operations before income taxes increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Net income attributable to DuPont	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	DuPont de Nemours Inc. net income attributable to DuPont increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.

DuPont de Nemours Inc. (NYSE:DD)

Income Statement