Income Statement and Minority Interest question?

I'll apologize in advance. Because this is sort of a Dumb question, however when we did basic financial modeling in College in my corporate finance the problems our professor gave us never had minority interest listed a such in the income statement. Now when I'm doing a sample valuation I'm presenting to an alumni I'm running into a bit of trouble specially since I'm trying to make sure that the Net Income in both the income statement and cash flow statement match in the historicals.so I'm gonna put up a numerical example so let say is like this

Income statement
Sales: 16,385.0
Cogs: 4,619.0
Gross Profit: 11,766.0
SGA & Other expenses: 8,670.0
Operating Income (EBIT): 3,096.0
Interest Expense 199.0
Net Non-Operating Losses (Gains): 6.0
Pretax Income: 2,891.0
Taxes: 311.0
Minority Interest Expense: (17.0)
Net Income: 2,563.0

However in the cash flow statement in the 10k says the following:

Cash flow Statement:

Net Income: 2,580.0

I created the Financial Statement Model using the Wall Street Prep sample template with some minor modifications now I will think the appropriate solution for such would be the following:

Income statement
Sales: 16,385.0
Cogs: 4,619.0
Gross Profit: 11,766.0
SGA & Other expenses: 8,670.0
Operating Income (EBIT): 3,096.0
Interest Expense 199.0
Net Non-Operating Losses (Gains): 6.0
Pretax Income: 2,891.0
Taxes: 311.0
Net Income: 2,58.0
Minority Interest Expense: 17.0
Net Income Available to common shareholders 2,563.0

I know this something probably something simple however my accounting is a bid rusty in certain areas I'm just trying to make sense of why the minority expense line item would come after the net income line??? also for Financial Metrics Purposes such as ROE, ROA and Profit Margin will we use the Net Income orNet Income Available to common shareholders thanks in advance sorry my accounting classes at school were easy I guess that the main disadvantage of going to a nontarget school. As for which company's finacials Im using its the Bristol Myers Squibb 2013 10k the IS, BS and CF are found in pages 63,64 and 65 in the PDF

Attachment Size
BristolMyersSquibb_10K_20140214-1.pdf 2.63 MB 2.63 MB
1 Comments
 
Best Response

Itaque voluptas reprehenderit ad qui saepe aut. Magni corrupti libero ut est dicta praesentium.

Consequuntur optio reiciendis quia pariatur natus. Quae architecto vitae autem saepe aliquid. Et aut molestiae repellat quidem ut eos eveniet ut. Officia quod omnis in sunt.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”