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2021 ANNUAL REPORTSummary of Operations(Dollars in millions, except per share data)2021Revenues2020 Change$$979.2603.962%Revenues, as Adjusted$$847.9536.458%Operating Expenses$$653.7460.742%Operating

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How to fill out consolidated statements of income

01

Gather financial information from all subsidiaries and parent company.

02

Eliminate intercompany transactions to avoid double counting.

03

Add up the revenues and expenses of all entities to create a consolidated income statement.

04

Include any adjustments for minority interests or non-controlling interests.

05

Present the consolidated statements of income in a clear and organized format for stakeholders to review.

Who needs consolidated statements of income?

01

Companies with subsidiaries that they need to account for in a consolidated manner.

02

Investors and analysts who want a comprehensive view of a company's overall financial performance.

03

Regulatory bodies that require companies to report consolidated financial statements for transparency and accuracy.

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What is consolidated statements of income?

Consolidated statements of income combine the financial results of a parent company and its subsidiaries into one single document.

Who is required to file consolidated statements of income?

Companies with subsidiaries that meet specific criteria set by accounting standards are required to file consolidated statements of income.

How to fill out consolidated statements of income?

Consolidated statements of income are typically prepared by combining the individual financial statements of the parent company and its subsidiaries.

What is the purpose of consolidated statements of income?

The purpose of consolidated statements of income is to provide a comprehensive view of the financial performance of a group of companies.

What information must be reported on consolidated statements of income?

Consolidated statements of income must include revenues, expenses, net income, and earnings per share for the entire group.

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