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The Home Depot

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Part C. Income Statement<br />

•<strong>The</strong> income statement is a single<br />

step format.<br />

2009 2008<br />

Operating Income 4.8B 4.36B<br />

Gross Income 20.7B 22.2B<br />

Net Income 2.66B 2.26B<br />

<strong>The</strong> difference in income from 2008 to 2009 is very visible. Operating<br />

income is up .44M, Gross income is down 1.5B, and Net Income is up .4 M.

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