Net income (or net profit) is calculated by subtracting a company's total costs from total revenue and includes extraordinary items.
This number is stated after Minority Interests.
Often referred to as the bottom line, the net income figure shows what a company has earned (or lost) over a given period of time for its equity shareholders. Investors look at net income closely because it is the source of compensation to shareholders of the company.
Net income is not a measure of how much cash a company earned because the income statement includes a lot of non-cash expenses such as depreciation and amortization.