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ANNUAL REPORT 2007 FINANCIAL SUMMARY (In millions, except for number of homes and per share amounts) Year Ended September 30, Revenues $$16,00013,864 2007 2006 2005 2004 ×$$200311,296.515,051.313,863.7
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Pre-tax operating income1 refers to the amount of income generated by a business before taxes and other expenses are deducted.
All businesses that generate income are required to report their pre-tax operating income1.
To fill out pre-tax operating income1, businesses need to calculate their total income and subtract any expenses not directly related to their operations.
The purpose of pre-tax operating income1 is to provide businesses and investors with a measure of the company's profitability before taxes.
On pre-tax operating income1, businesses report their total income and deduct expenses such as salaries, rent, and cost of goods sold.
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