In cash-basis accounting ... inventory purchases, and income taxes, for example. In the statement above, you can see that within the last year, $975,000 was paid to the company by customers ...

Example of an Income Statement Below is a portion of ExxonMobil Corporation's income statement for fiscal year 2023, reported as of Dec. 31, 2023. The cash flow statement (CFS) shows how cash is ...

On a company’s income statement ... non-cash expenses such as stock-based compensation. Net income is a useful and essential profitability metric, but it’s not the only one. For example ...