The revenue received by a company is usually listed on the first line of the income statement as revenue, sales, net sales ... way that most companies calculate revenue. Regardless of the method ...

Investopedia / Tara Anand Net Sales is the equivalent to revenue or the total amount of money generated ... Costs are subtracted from revenue to calculate net income or the bottom line.

It's also known as sales profit or gross income ... We first subtract the cost of goods sold (COGS) from total revenue to calculate the gross profit. COGS totals $126,584 million.