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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. EMC's Net Income for the three months ended in Jun. 2016 was $581 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jun. 2016 was $2,100 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. EMC's Earnings per Share (Diluted) for the three months ended in Jun. 2016 was $0.29.
The historical data trend for EMC's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
EMC Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Net Income | Get a 7-Day Free Trial | 2,461.00 | 2,733.00 | 2,889.00 | 2,714.00 | 1,990.00 |
EMC Quarterly Data | ||||||||||||||||||||
Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | |
Net Income | Get a 7-Day Free Trial | 487.00 | 480.00 | 771.00 | 268.00 | 581.00 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
EMC's Net Income for the fiscal year that ended in Dec. 2015 is calculated as
Net Income | (A: Dec. 2015 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 2882 | + | -710 | + | 0 | + | -182 |
= | 1,990 |
EMC's Net Income for the quarter that ended in Jun. 2016 is calculated as
Net Income | (Q: Jun. 2016 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 852 | + | -222 | + | 0 | + | -49 |
= | 581 |
Net Income for the trailing twelve months (TTM) ended in Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,100 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
EMC (NYSE:EMC) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
EMC's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2016 is calculated as
Earnings per Share (Diluted) (Q: Jun. 2016 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (581 | - | 0) | / | 1973.000 | |
= | 0.29 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of EMC's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Laura Sen | director | ONE MERCER ROAD, P.O. BOX 9601, NATICK MA 01760-9601 |
John R Egan | director | 176 SOUTH ST., HOPKINTON MA 01748 |
Donald J Carty | director | C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244 |
Judith A Miscik | director | 300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265 |
William D Green | director | C/O ACCENTURE, 161 N CLARK STREET, CHICAGO IL 60601 |
William F Scannell | officer: President,Global Sales/Cust Op | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Randolph L Cowen | director | 176 SOUTH STREET HOPKINTON MA 01748 |
Howard D Elias | officer: President & COO, Glob Ent Srvs | C/O EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Paul T Dacier | officer: EVP & General Counsel | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Erin Mcsweeney | officer: EVP, Human Resources | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Teuber William J Jr | officer: Vice Chairman | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
James S Distasio | director | C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, BOSTON MA 01104 |
Paul Sagan | director | AKAMAI TECHNOLOGIES INC, 8 CAMBRIDGE CENTER, CAMBRIDGE MA 02142 |
Jeremy Burton | officer: President, Prod & Marketing | C/O SNOWFLAKE INC., 106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715 |
David I Goulden | officer: CEO, EMCII | 176 SOUTH STREET, HOPKINTON MA 01748 |
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