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.
Advanced Micro Devices Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25).
The statement of comprehensive income exhibits considerable fluctuation over the five-year period. Net income demonstrates a significant decrease from 2021 to 2022, followed by a further decline in 2023, a partial recovery in 2024, and substantial growth in 2025. The component of other comprehensive income, specifically net change in unrealized gains (losses) on cash flow hedges, mirrors this volatility, though with smaller absolute values. Overall, comprehensive income follows a similar pattern to net income, representing the total change in equity from non-owner sources.
- Net Income Trend
- Net income began at US$3,162 million in 2021, experiencing a substantial reduction to US$1,320 million in 2022, representing a decrease of approximately 58.3%. This downward trend continued in 2023, with net income falling to US$854 million. A recovery was observed in 2024, with net income increasing to US$1,641 million. The most significant increase occurred between 2024 and 2025, with net income reaching US$4,335 million, more than doubling the prior year’s value.
- Other Comprehensive Income
- Other comprehensive income, driven by changes in unrealized gains and losses on cash flow hedges, remained relatively small in magnitude compared to net income. It exhibited a loss of US$20 million in 2021 and US$38 million in 2022. A gain of US$31 million was recorded in 2023, followed by a loss of US$59 million in 2024, and a gain of US$66 million in 2025. The fluctuations in this component, while not driving the overall trend, contribute to the variance in comprehensive income.
- Comprehensive Income
- Comprehensive income closely tracks net income, beginning at US$3,142 million in 2021 and declining to US$1,282 million in 2022. It reached a low of US$885 million in 2023 before increasing to US$1,582 million in 2024 and culminating in a high of US$4,401 million in 2025. The pattern indicates that changes in net income are the primary driver of changes in comprehensive income, with the other comprehensive income component having a comparatively minor impact.
The period demonstrates a cyclical pattern, with a significant downturn in 2022 and 2023 followed by a recovery and substantial growth in 2024 and 2025. The substantial increase in both net income and comprehensive income in 2025 warrants further investigation to determine the underlying factors contributing to this performance.