| Revenue | Inflows from delivering goods or services in ordinary business activities |
| Net Revenue | Revenue after deducting returns, allowances, and discounts |
| Cost of Goods Sold (COGS) | Direct costs attributable to production of goods sold |
| Gross Profit | Revenue minus COGS |
| Operating Expenses | Costs of running the business excluding COGS (SGA, R&D, D&A) |
| Operating Income | Gross profit minus operating expenses (EBIT) |
| EBIT | Earnings Before Interest and Taxes |
| EBITDA | Earnings Before Interest, Taxes, Depreciation, and Amortization |
| Non-operating Income | Income from activities outside core operations (interest, investment gains) |
| Pretax Income (EBT) | Income before income tax expense |
| Net Income | Bottom-line profit after all expenses and taxes |
| Earnings Per Share (EPS) | Net income available to common shareholders divided by weighted average shares |
| Basic EPS | EPS using actual weighted average shares outstanding |
| Diluted EPS | EPS assuming all dilutive securities are converted/exercised |
| Weighted Average Shares Outstanding (WASO) | Time-weighted number of common shares during the period |
| Treasury Stock Method | Method to calculate dilutive shares from options/warrants; assumes proceeds buy back shares at market price |
| If-Converted Method | Method to calculate dilution from convertible securities; assumes conversion at beginning of period |
| Other Comprehensive Income (OCI) | Gains/losses bypassing the income statement (AFS securities, FX translation, pensions, hedges) |
| Comprehensive Income | Net income plus OCI |
| Discontinued Operations | Results of a component that has been disposed of or classified as held for sale |
| Unusual or Infrequent Items | Items that are unusual in nature or infrequent in occurrence, reported within continuing operations |
| Common-Size Income Statement | Each line item expressed as a percentage of revenue |
| Single-Step Income Statement | Format grouping all revenues together and all expenses together |
| Multi-Step Income Statement | Format showing subtotals (gross profit, operating income) |
| Accrual Accounting | Revenue/expenses recognized when earned/incurred regardless of cash timing |