What is "profit-and-loss statement"

Usage examples of "profit-and-loss statement".

Just take my word, I didn't get where I am by ignoring significant facts just because they won't fit on a profit-and-loss statement.

If the President was going to get evaluations of the maritime situation, it seemed perfectly clear to Fleming Pickering that it should come from someone expert in the nuts and bolts, someone who could make judgments based on his own experience with ships and ports, not someone whose experience was limited to the bottom line on a profit-and-loss statement, or whose sea experience was limited to crossing the Atlantic in a first-class cabin on the Queen Mary or some other luxury liner.