The exact definition of net income varies by industry and may be calculated differently even within an industry. For example, depreciation is typically included in expenses when calculating net income, but not in real estate calculations. Similarly, taxes are generally included in expenses, but not for partnership calculations.
On an income statement, net income is typically the last number shown and represents the results of adding and subtracting all the other numbers above it. Accordingly, when people ask for the "bottom line," frequently they are asking for net income. Alternatively, they may be talking metaphorically and asking for the end result without all the intermediate details.
We annually spend on military security alone more than the net income of all United States corporations.
Dwight D. Eisenhower -- Military-Industrial Complex Speech
Also election day came round again, and Jurgis made half a week’s wages out of that, all net profit.
Upton Sinclair -- The Jungle
Milo, of course, had been the big feather in his cap, although having his group bombed by Milo’s planes had probably been a terrible black eye for him, even though Milo had ultimately stilled all protest by disclosing the huge net profit the syndicate had realized on the deal with the enemy and convincing everyone that bombing his own men and planes had therefore really been a commendable and very lucrative blow on the side of private enterprise.
Joseph Heller -- Catch-22
In the spring I sowed three thousand acres of poppies, and now I’ve made forty thousand roubles net profit.
Anton Chekhov -- The Cherry Orchard
Thirty-five to forty thousand dollars net profit a season like snapping your fingers! It was too great a temptation.
Eugene O’Neill -- Long Day’s Journey into Night
He had taken over a shaky little railroad in Arizona, a road whose net revenue was "less than that of a successful grocery store, and he had built it into the best railroad of the Southwest.
Ayn Rand -- Atlas Shrugged
But it was a great box office success from the start-and then life had me where it wanted me-at from thirty-five to forty thousand net profit a season! A fortune in those days-or even in these.