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Exam (elaborations)

Wall Street Prep: Financial Statement Modeling Income Statement Revenue

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Wall Street Prep: Financial Statement Modeling Income Statement Revenue -> Gross Profit -> EBIT -> Pretax Profit -> Net Income -> EBITDA -> Adjusted EBITDA Gross Profit Revenue - COGS EBIT [Revenue - COGS] - Operating Expenses - D&A Pretax Profit [Revenue - COGS - Operating Expenses - D&A] + Interest Income - Interest Expense - Other Expense Net Income [Revenue - COGS - Operating Expenses + Interest Income - Interest Expense - Other Expense] - Taxes EBITDA [Revenue - COGS - Operating Expenses - D&A] + D&A Adjusted EBITDA [Revenue - Cogs - Operating Expenses - D&A + D&A] + Stock Based Compensation Cash asset Prepaid Expenses asset Accounts Receivable asset Inventory asset PP&E asset Accounts Payable liability Deferred Revenue liability

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Uploaded on
January 23, 2026
Number of pages
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Written in
2025/2026
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Wall Street Prep: Financial Statement Modeling
Income Statement

Revenue ->
Gross Profit ->
EBIT ->
Pretax Profit ->
Net Income ->
EBITDA ->
Adjusted EBITDA

Gross Profit

Revenue - COGS

EBIT

[Revenue - COGS] - Operating Expenses - D&A

Pretax Profit

[Revenue - COGS - Operating Expenses - D&A] + Interest Income - Interest Expense - Other
Expense

Net Income

[Revenue - COGS - Operating Expenses + Interest Income - Interest Expense - Other Expense] -
Taxes

EBITDA

[Revenue - COGS - Operating Expenses - D&A] + D&A

Adjusted EBITDA

[Revenue - Cogs - Operating Expenses - D&A + D&A] + Stock Based Compensation

Cash

asset

Prepaid Expenses

asset

Accounts Receivable

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