Net Income (Noun)
Meaning
The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses).
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company's net income for the quarter was significantly higher than the same period last year due to increased sales and reduced expenses.
- To calculate the net income, subtract the total expenses from the total revenues, including non-cash items such as depreciation and amortization.
- The financial analyst carefully reviewed the company's financial statements to determine the net income and assess its overall financial health.
- After deducting all the expenses, including taxes and interest, the net income of the business was a modest but welcome profit.
- The net income of the firm was boosted by the sale of a subsidiary, which resulted in a one-time gain that increased earnings for the year.