On an earnings statement, your interest expense is deducted from your total operating income. Total operating income, or EBIT, is derived by subtracting your operating expenses, and depreciation ...

Why Would a Company Have Negative Income Taxes but Have Net Income on the Income Statement?. Small and large businesses are obligated to pay federal and state income taxes.

After interest is considered, taxes are calculated on taxable income and deducted to arrive at net income. A company does not provide its actual percentage rate of taxation on the income statement.

On a company’s income statement, ... Subtract interest expenses. ... a negative net income, or net loss, indicates that a company is unprofitable.

Net operating income isn't exactly the same thing as earnings before interest and taxes (EBIT). That metric takes a couple of extra steps down the income statement. EBIT accounts for depreciation ...