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.

Ecolab Inc., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Product and equipment sales	10,153,300)	9,466,600)	12,238,900)	12,128,600)	—)
Service and lease sales	2,579,800)	2,323,600)	2,667,400)	2,539,600)	—)
Net sales (legacy)	—)	—)	—)	—)	13,838,300)
Net sales	12,733,100)	11,790,200)	14,906,300)	14,668,200)	13,838,300)
Product and equipment cost of sales	(6,100,900)	(5,481,300)	(7,106,400)	(7,078,500)	—)
Service and lease cost of sales	(1,514,900)	(1,424,500)	(1,617,000)	(1,547,400)	—)
Cost of sales, including special charges (legacy)	—)	—)	—)	—)	(7,405,100)
Cost of sales, including special charges	(7,615,800)	(6,905,800)	(8,723,400)	(8,625,900)	(7,405,100)
Gross profit	5,117,300)	4,884,400)	6,182,900)	6,042,300)	6,433,200)
Selling, general and administrative expenses	(3,416,100)	(3,309,100)	(3,957,500)	(3,968,600)	(4,417,100)
Restructuring activities	(11,900)	(71,400)	(116,800)	(89,400)	(39,900)
ChampionX separation	—)	—)	(77,300)	—)	—)
Acquisition and integration activities	(29,900)	(8,500)	(5,600)	(8,800)	(15,400)
Disposal and impairment activities	—)	(41,400)	—)	—)	—)
COVID-19 activities, net	(42,400)	(23,600)	—)	—)	—)
Gain on sale of business	—)	—)	—)	—)	46,100)
Venezuela related gain	—)	—)	—)	—)	11,500)
Other	(18,400)	(34,700)	(11,900)	(28,500)	1,400)
Special gains and (charges)	(102,600)	(179,600)	(211,600)	(126,700)	3,700)
Operating income	1,598,600)	1,395,700)	2,013,800)	1,947,000)	2,019,800)
Other income (expense)	33,900)	55,900)	76,300)	79,900)	—)
Interest expense	(230,600)	(304,800)	(215,300)	(237,200)	(274,600)
Interest income	12,300)	14,600)	24,100)	14,900)	19,600)
Interest expense, net	(218,300)	(290,200)	(191,200)	(222,300)	(255,000)
Income before income taxes	1,414,200)	1,161,400)	1,898,900)	1,804,600)	1,764,800)
Provision for income taxes	(270,200)	(176,600)	(322,700)	(364,300)	(242,400)
Net income from continuing operations	1,144,000)	984,800)	—)	—)	—)
Net loss from discontinued operations, net of tax	—)	(2,172,500)	—)	—)	—)
Net income (loss) including noncontrolling interest	1,144,000)	(1,187,700)	1,576,200)	1,440,300)	1,522,400)
Net income attributable to noncontrolling interest	(14,100)	(17,400)	(17,300)	(11,200)	(14,000)
Net income (loss) attributable to Ecolab	1,129,900)	(1,205,100)	1,558,900)	1,429,100)	1,508,400)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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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.	Ecolab Inc. net sales decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Ecolab Inc. operating income decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.
Income 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.	Ecolab Inc. income before income taxes decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.
Net income (loss) attributable to Ecolab	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Ecolab Inc. net income (loss) attributable to Ecolab decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.

Ecolab Inc. (NYSE:ECL)

Income Statement