A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry forthcoming—B.P. (11/20)
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Entry from June 29, 2009
Bottom Line (Bottom-Line)

Entry in progress—B.P.

Wikipedia: Net income
Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. Net income can be distributed among holders of common stock as a dividend or held by the firm as retained earnings. Net income is an accounting term. In some countries (such as the UK) profit is the usual term. Often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity.

The items deducted will typically include tax expense, financing expense (interest expense), and minority interest. Likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company advertising, manufacturing, and design and development costs are included.

Net income is informally called the bottom line because it is typically found on the last line of a company’s income statement. A related term is top line, meaning revenue, which forms the first line of the account statement.

Investopedia
Bottom Line
Refers to a company’s net earnings, net income or earnings per share (EPS). Bottom line also refers to any actions that may increase/decrease net earnings or a company’s overall profit. A company that is growing its net earnings or reducing its costs is said to be “improving its bottom line”.

The reference to “bottom” describes the relative location of the net income figure on a company’s income statement; it will almost always be the last line at the bottom of the page. This reflects the fact that all expenses have already been taken out of revenues, and there is nothing left to subtract. This stands in contrast to revenues, which are considered the “top line” figures. 

Wikipedia: Bottom Line
The Bottom Line was an intimate music venue in New York City’s Greenwich Village, at 15 West Fourth Street between Broadway and Washington Square Park. During 1970s, it played a major role in maintaining Greenwich Village’s status as a cultural mecca. Owned by Allan Pepper and Stanley Snadowsky, the Bottom Line originally opened February 12, 1974. It enjoyed a multi-year string of success at pulling in major musical acts and at premiering new talent. Bruce Springsteen played legendary show-case gigs and Lou Reed recorded the album Live: Take No Prisoners there. Harry Chapin even held his two-thousandth concert at Bottom Line in January 1981. The Bottom Line hosted mainly folk music, playing home to Loudon Wainwright III and others, but also hosting acts ranging from Dolly Parton to Ravi Shankar to the Ramones.The Bottom Line held 400 people and differed from modern clubs in that there was seating, rather than being standing room only. The club also had a no smoking policy long before it became law.

In later years, it was the site of In Their Own Words: A Bunch Of Songwriters Sittin’ Around Singing, a series of performances with commentary organized by and initially hosted by radio personality Vin Scelsa. Another staple was the annual Downtown Messiah, a reworking of Handel’s work, directed by Richard Barone. Around Christmas, musicians like Vernon Reid and David Johansen made “Messiah” their own. Another recurring event was the Beat Goes On, in which performers covered pop songs falling under a certain theme, such as songs from a certain time period or Christmas songs. The Beat Goes On brought out many different performers including Fountains of Wayne, Richard Lloyd and “Hedwig and the Angry Inch’s John Cameron Mitchell. It was also the site, in April 1995, of four concerts by Joan Baez in which she collaborated with a number of female performers, including Dar Williams, Janis Ian, Mary Chapin Carpenter, The Indigo Girls, and Mary Black, the results of which were recorded and released as the album Ring Them Bells.

Its cachet faded with time, and by 2003 it was deeply in debt ($190,000 in back rent, plus several hundred thousand dollars in other expenses) and garnering very little attendance. Its landlord, New York University (NYU) kept the its rent at prevailing levels but the cost was too much and threatened eviction. Fans Karen and Carmine DeMarco started a petion at in support of the club on their website. Bruce Springsteen offered to pay the club’s back rent if NYU and the owners could settle on a lease. Sirius Satellite Radio offered the same but, rather than risk a takeover, Pepper and Snadowsky closed the club before they could be kicked out. The last show was on January 22, 2004, just shy of the club’s thirtieth anniversary. The building now houses NYU classrooms.

(Historical Dictionary of American Slang)
bottom-line v. Business. to state succinctly; to sum up.
1984 Scientific Amer. (Sept.) 114: I wanted to bottom line what’s going to make Zapata! the hottest selling all-sport shoe in our line.
1989 CBS This Morning (CBS-TV) (Aug. 5): And let me bottom-line this for you, Kathleen.

Merriam-Webster Dictionary
Main Entry: bottom line
Function: noun
Date: 1967
1 a: the essential or salient point : crux b: the primary or most important consideration
2 a: the line at the bottom of a financial report that shows the net profit or loss b: financial considerations (as cost or profit or loss) c: the final result

Merriam-Webster Dictionary
Main Entry: bot·tom–line
Pronunciation: \ˈbä-təm-ˌlīn\
Function: adjective
Date: 1972
1 : concerned only with cost or profits
2 : pragmatic, realistic
— bot·tom–lin·er \-ˌlī-nər\ noun

(Oxford English Dictionary)
bottom-line, orig. U.S., the last line of a profit-and-loss account, showing the final profit (or loss); also loosely, the net profit; fig., the final analysis or determining factor; the point, the crux of the argument
1967 San Francisco Examiner 8 Sept. 35/7 George Murphy and Ronald Reagan certainly qualified because they have gotten elected. I think that’s the *bottom line.
1970 R. TOWNSEND Up the Organization 76 All overheads should be brought down to the bottom line for bonus purposes.
1982 Sci. Amer. Oct. 14/2 The bottom line is that invention is much more like falling off a log than like sawing one in two.
1984 Observer 26 Feb. 37/2 So much goddam effort has gone into improving profitability right down to the bottom line.

16 January 1961, Wall Street Journal, pg. 5:
The results—savings—show up where it’s most important...on the bottom line.

8 February 2001, Financial Times, pg. 8, col. 3:
Industry urged to attend to “triple bottom line”
Oil and pharmaceuticals industries lead the pack and the automotive and chemicals sectors are furthest behind but nearly all companies have a long way to go in accurately reporting their combined economic, environmental and social performance, according to a new report from the United Nations Enviroment Programme.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Monday, June 29, 2009 • Permalink