Income Statement Year 1
Prepared By: Company Name:
Sam Miller Aviator Inc
  Sept  Oct Nov Dec Jan Feb Mar Apr May June July Aug Annual Totals
Revenue                          
T1               11,655,000               11,655,000               11,655,000               11,655,000               11,655,000               11,655,000               11,655,000               11,655,000               11,655,000               11,655,000               11,655,000               11,655,000  $             139,860,000
T2               14,805,000               14,805,000               14,805,000               14,805,000               14,805,000               14,805,000               14,805,000               14,805,000               14,805,000               14,805,000               14,805,000               14,805,000  $             177,660,000
X               10,770,000               10,770,000               10,770,000               10,770,000               10,770,000               10,770,000               10,770,000               10,770,000               10,770,000               10,770,000               10,770,000               10,770,000  $             129,240,000
XR               21,250,000               21,250,000               21,250,000               21,250,000               21,250,000               21,250,000               21,250,000               21,250,000               21,250,000               21,250,000               21,250,000               21,250,000  $             255,000,000
XL               33,000,000               33,000,000               33,000,000               33,000,000               33,000,000               33,000,000               33,000,000               33,000,000               33,000,000               33,000,000               33,000,000               33,000,000  $             396,000,000
XLR               18,750,000               18,750,000               18,750,000               18,750,000               18,750,000               18,750,000               18,750,000               18,750,000               18,750,000               18,750,000               18,750,000               18,750,000  $             225,000,000
Total Revenue  $        110,230,000  $        110,230,000  $        110,230,000  $        110,230,000  $        110,230,000  $        110,230,000  $        110,230,000  $        110,230,000  $        110,230,000  $        110,230,000  $        110,230,000  $        110,230,000  $          1,322,760,000
Cost of Goods Sold                          
T1                 7,568,182                 7,568,182                 7,568,182                 7,568,182                 7,568,182                 7,568,182                 7,568,182                 7,568,182                 7,568,182                 7,568,182                 7,568,182                 7,568,182  $               90,818,182
T2                 9,613,636                 9,613,636                 9,613,636                 9,613,636                 9,613,636                 9,613,636                 9,613,636                 9,613,636                 9,613,636                 9,613,636                 9,613,636                 9,613,636  $             115,363,636
X                 6,993,506                 6,993,506                 6,993,506                 6,993,506                 6,993,506                 6,993,506                 6,993,506                 6,993,506                 6,993,506                 6,993,506                 6,993,506                 6,993,506  $               83,922,078
XR               13,798,701               13,798,701               13,798,701               13,798,701               13,798,701               13,798,701               13,798,701               13,798,701               13,798,701               13,798,701               13,798,701               13,798,701  $             165,584,416
XL               21,428,571               21,428,571               21,428,571               21,428,571               21,428,571               21,428,571               21,428,571               21,428,571               21,428,571               21,428,571               21,428,571               21,428,571  $             257,142,857
XLR               12,175,325               12,175,325               12,175,325               12,175,325               12,175,325               12,175,325               12,175,325               12,175,325               12,175,325               12,175,325               12,175,325               12,175,325  $             146,103,896
 Total Cost of Goods Sold   $          71,577,922  $          71,577,922  $          71,577,922  $          71,577,922  $          71,577,922  $          71,577,922  $          71,577,922  $          71,577,922  $          71,577,922  $          71,577,922  $          71,577,922  $          71,577,922  $             858,935,065
Gross Margin  $          38,652,078  $          38,652,078  $          38,652,078  $          38,652,078  $          38,652,078  $          38,652,078  $          38,652,078  $          38,652,078  $          38,652,078  $          38,652,078  $          38,652,078  $          38,652,078  $             463,824,935
Payroll  $               589,979  $               589,979  $               589,979  $               589,979  $               589,979  $               589,979  $               589,979  $               589,979  $               589,979  $               589,979  $               589,979  $               589,979  $                 7,079,749
Operating Expenses                          
Advertising                 3,500,000                 3,500,000                 3,500,000                 3,500,000                 3,500,000                 3,500,000                 3,500,000                 3,500,000                 3,500,000                 3,500,000                 3,500,000                 3,500,000  $               42,000,000
Car and Truck Expenses                    350,000                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500  $                    377,500
Commissions and Fees                      15,000                      15,000                      15,000                      15,000                      15,000                      15,000                      15,000                      15,000                      15,000                      15,000                      15,000                      15,000  $                    180,000
Contract Labor (Not included in payroll)                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500                        2,500  $                      30,000
Insurance (other than health)                        5,500                        5,500                        5,500                        5,500                        5,500                        5,500                        5,500                        5,500                        5,500                        5,500                        5,500                        5,500  $                      66,000
Legal and Professional Services                        8,000                        8,000                        8,000                        8,000                        8,000                        8,000                        8,000                        8,000                        8,000                        8,000                        8,000                        8,000  $                      96,000
Licenses                        1,500                        1,500                        1,500                        1,500                        1,500                        1,500                        1,500                        1,500                        1,500                        1,500                        1,500                        1,500  $                      18,000
Office Expense                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000  $                      60,000
Rent or Lease -- Vehicles, Machinery, Equipment                        3,500                        3,500                        3,500                        3,500                        3,500                        3,500                        3,500                        3,500                        3,500                        3,500                        3,500                        3,500  $                      42,000
Rent or Lease -- Other Business Property                      20,000                      20,000                      20,000                      20,000                      20,000                      20,000                      20,000                      20,000                      20,000                      20,000                      20,000                      20,000  $                    240,000
Repairs and Maintenance                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000  $                      60,000
Supplies                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000                        5,000  $                      60,000
Travel, Meals and Entertainment                      12,000                      12,000                      12,000                      12,000                      12,000                      12,000                      12,000                      12,000                      12,000                      12,000                      12,000                      12,000  $                    144,000
Utilities                      50,000                      50,000                      50,000                      50,000                      50,000                      50,000                      50,000                      50,000                      50,000                      50,000                      50,000                      50,000  $                    600,000
Miscellaneous                                -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -  $                                -
Other Expense 1                          
Other Expense 2                          
Total Operating Expenses  $            3,983,000  $            3,635,500  $            3,635,500  $            3,635,500  $            3,635,500  $            3,635,500  $            3,635,500  $            3,635,500  $            3,635,500  $            3,635,500  $            3,635,500  $            3,635,500  $               43,973,500
Income (Before Other Expenses)[1]  $          34,079,099  $          34,426,599  $          34,426,599  $          34,426,599  $          34,426,599  $          34,426,599  $          34,426,599  $          34,426,599  $          34,426,599  $          34,426,599  $          34,426,599  $          34,426,599  $             412,771,686
Other Expenses                          
Amortized Start-up Expenses                 1,652,778                 1,652,778                 1,652,778                 1,652,778                 1,652,778                 1,652,778                 1,652,778                 1,652,778                 1,652,778                 1,652,778                 1,652,778                 1,652,778  $               19,833,333
Depreciation                 1,044,643                 1,044,643                 1,044,643                 1,044,643                 1,044,643                 1,044,643                 1,044,643                 1,044,643                 1,044,643                 1,044,643                 1,044,643                 1,044,643  $               12,535,714
Interest                          
Commercial Loan                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -  $                                -
Commercial Mortgage                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -  $                                -
Credit Card Debt                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -  $                                -
Vehicle Loans                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -  $                                -
Other Bank Debt                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -  $                                -
Line of Credit                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -  $                                -
Bad Debt Expense                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -                               -  $                                -
Total Other Expenses                 2,697,421                 2,697,421                 2,697,421                 2,697,421                 2,697,421                 2,697,421                 2,697,421                 2,697,421                 2,697,421                 2,697,421                 2,697,421                 2,697,421  $               32,369,048
Net Income Before Income Tax  $          31,381,678  $          31,729,178  $          31,729,178  $          31,729,178  $          31,729,178  $          31,729,178  $          31,729,178  $          31,729,178  $          31,729,178  $          31,729,178  $          31,729,178  $          31,729,178  $             380,402,639
Income Tax  $           11,562,060  $           11,683,685  $           11,683,685  $           11,683,685  $           11,683,685  $           11,683,685  $           11,683,685  $           11,683,685  $           11,683,685  $           11,683,685  $           11,683,685  $           11,683,685  $             140,082,590
Net Profit/Loss  $          19,819,619  $          20,045,494  $          20,045,494  $          20,045,494  $          20,045,494  $          20,045,494  $          20,045,494  $          20,045,494  $          20,045,494  $          20,045,494  $          20,045,494  $          20,045,494  $             240,320,048
Income Tax Calculations
Monthly Taxable Income  $           33,034,456  $           33,381,956  $           33,381,956  $           33,381,956  $           33,381,956  $           33,381,956  $           33,381,956  $           33,381,956  $           33,381,956  $           33,381,956  $           33,381,956  $           33,381,956
Cumulative Taxable Income  $           33,034,456  $           66,416,412  $           99,798,368  $         133,180,324  $         166,562,280  $         199,944,236  $         233,326,192  $         266,708,148  $         300,090,104  $         333,472,060  $         366,854,016  $         400,235,972

[1]

Also known as
EBITDA (Earnings Before Interest, Taxes,  Depreciation and Amortization). This metric allows for a comparison across different businesses, which might have different levels of taxes, depreciation, or interest. This number should be used in conjunction with other metrics, as it does not give a full picture of the health of the business.