Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Adobe Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29).
- Net Income
- Net income exhibited a general upward trend over the periods analyzed. Starting at 2951 million USD, it surged to 5260 million USD in the following year, indicating strong profitability improvement. Although there was a moderate decline to 4822 million USD and 4756 million USD in subsequent years, net income recovered thereafter, reaching 5428 million USD and then slightly increasing to 5560 million USD by the end of the last period.
- Unrealized Gains (Losses) on Available-for-Sale Securities
- Unrealized gains and losses fluctuated considerably, beginning with a positive 29 million USD, dropping sharply to a minor positive 3 million USD, then turning negative to -8 million USD and further down to -39 million USD, indicating increasing unrealized losses. Thereafter, there was a rebound to 24 million USD and a slight decrease to 11 million USD, suggesting some recovery but ongoing volatility in these assets.
- Reclassification Adjustment for Recognized (Gains) Losses on Available-for-Sale Securities
- This adjustment showed minimal and inconsistent values, mostly close to zero or with missing data. The only notable entries were a small negative adjustment of -1 million USD in 2020 and a positive adjustment of 5 million USD in 2023, indicating occasional reclassification impacts but no clear trend.
- Net Increase (Decrease) from Available-for-Sale Securities
- The net change largely mirrored the unrealized gains front, starting positive at 30 million USD, dropping to almost neutral at 2 million USD, then turning negative at -8 million USD and steeply to -39 million USD. Subsequently, a recovery occurred with values rising to 29 million USD and 11 million USD, highlighting volatility and a partial rebound in available-for-sale securities' value adjustments.
- Unrealized Gains (Losses) on Derivative Instruments
- These figures showed variability without a clear directional trend. Starting at zero, the value dropped to -44 million USD, then increased sharply to 69 million USD and further to 139 million USD. A negative value appeared again at -12 million USD in the following year before rising to 89 million USD, indicating fluctuating exposure or valuation of derivative instruments across years.
- Reclassification Adjustment for Realized (Gains) Losses on Derivative Instruments
- This component varied, with an initial negative figure of -44 million USD, shifting to small positive values (6 and 20 million USD), followed by a significant negative adjustment of -151 million USD and further losses (-31 million USD), before a partial recovery to 17 million USD. The adjustments suggest periods of marked realized gains or losses influencing overall derivative instrument results.
- Net Increase (Decrease) from Derivatives Designated as Hedging Instruments
- The net changes in derivative hedging instruments were volatile, starting negative at -44 million USD, further negative at -38 million USD, then positive 89 million USD, followed by a slight negative figure (-12 million USD) and continuing negative to -43 million USD, before a substantial positive increase of 106 million USD. This pattern reveals intermittent gains and losses related to hedging strategies affecting comprehensive income.
- Foreign Currency Translation Adjustments
- Foreign currency translation adjustments showed inconsistent movements. The value moved from a negative -25 million USD to a positive 66 million USD, then dropped to -60 million USD and further down to -105 million USD, signaling exposure to currency fluctuations. A moderate positive adjustment of 22 million USD followed, before a negative 33 million USD in the last reported period, implying ongoing currency translation risk impacts.
- Other Comprehensive Income (Loss), Net of Taxes
- Other comprehensive income displayed variability, shifting from a negative -40 million USD to positive 30 million USD and 21 million USD. However, there was a significant downturn to -156 million USD, followed by recovery to +8 million USD and further improvement to +84 million USD. These fluctuations reflect volatile components other than net income affecting the overall comprehensive picture.
- Comprehensive Income, Net of Taxes
- Comprehensive income generally followed the trend of net income, rising from 2912 million USD to 5290 million USD. This was followed by a decline to 4843 million USD and then 4600 million USD, indicating periodic pressures on total income. A rebound to 5436 million USD and a further increase to 5644 million USD reflect improved comprehensive earnings, supported by recoveries in other comprehensive income components.