[tanzam75]

It includes all the revenues, including sales, membership fees, and interest income. Minus all the expenses, including cost of goods, sales and marketing, corporate overhead, debt service, and taxes.

Net income is literally the "bottom line" number on the accounting statement. It's the number that coes out after accounting for everything in the business.

[cantankerous]

Cool, thanks. I wasn't sure if the author was trying to separate the concerns to make some kind of a point about the different types of revenue. The membership revenues were also listed after the net, iirc, which I thought was strange. That makes sense, though.