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.
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value (EV)
- Selected Financial Data since 2021
- Return on Assets (ROA) since 2021
- Total Asset Turnover since 2021
- Price to Earnings (P/E) since 2021
- Price to Operating Profit (P/OP) since 2021
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AppLovin Corp., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
The financial data reveals notable fluctuations in the company's profitability and overall comprehensive income over the four-year period.
- Net Income (Loss)
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There is a significant variability in net income figures. In 2021, the company reported a positive net income of $35.3 million, which turned into a substantial loss of $193 million in 2022. This loss contrasts dramatically with the subsequent years, where net income surged to $356.7 million in 2023 and further increased to approximately $1.58 billion in 2024, indicating remarkable recovery and growth in profitability.
- Foreign Currency Translation Adjustment, Net of Tax
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This component of other comprehensive income shows a volatile pattern with negative adjustments in 2021 (-$46.1 million), 2022 (-$37.9 million), and 2024 (-$37.8 million). Notably, 2023 stands out with a positive adjustment of $18.1 million, reflecting a temporary favorable effect from foreign currency translation in that year.
- Other Comprehensive Income (Loss), Net of Tax
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Other comprehensive income, which aligns closely with foreign currency translation adjustments, mirrors the same trend: negative in 2021, 2022, and 2024, and positive in 2023. This consistency suggests foreign currency translation is the primary driver for movements in other comprehensive income.
- Comprehensive Income (Loss) Including Noncontrolling Interest
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The overall comprehensive income shows a large loss of $230.9 million in 2022 following a slight loss of $10.7 million in 2021. This situation reverses substantially by 2023 with a comprehensive income of $374.8 million and even more dramatically in 2024, reaching over $1.54 billion. These shifts closely parallel the movements in net income, indicating net income is the dominant factor influencing comprehensive income.
- Comprehensive Loss Attributable to Noncontrolling Interest
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Noncontrolling interest experienced minor comprehensive losses in 2021 and 2022 ($0.1 million and $0.2 million respectively). There are no values reported for 2023 and 2024, suggesting either no material noncontrolling interest impact or lack of reported data for those years.
- Comprehensive Income (Loss) Attributable to AppLovin
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The comprehensive income attributable directly to the entity mirrors the overall comprehensive income trends: a modest loss in 2021, a substantial loss in 2022, followed by significant gains in 2023 and 2024. This pattern further confirms that the primary driver of comprehensive income fluctuations is the company’s own profitability performance rather than noncontrolling interests.
In summary, the data demonstrates a period of marked financial challenge in 2022, transitioning into strong profitability and comprehensive income growth in the following years. The influence of foreign currency translation adjustments appears limited and inconsistent, while the principal determinant of comprehensive income trends is the company’s net income performance.