I’m looking at a 10k report for a company where I can’t seem to locate depreciation expense on the income statement. I see it listed on the cash flow statement but not Income. Do companies sometimes include this in order sections such as part of SG&A Expenses?
Companies are not required to breakout depreciation expense on the income statement. Some do and some do not so you should always use the figure on the cash flow statement. If there is depreciation on the income statement, do not count both as that would be double-counting.
they might put it in other expenses…i have definitely seen it omitted as a line item…but you can always find it elsewhere…