Name: Autodesk Inc. (NASDAQ:ADSK) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

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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Autodesk Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
Net income (loss)	906)	823)	497)	1,208)	215)	(81)
Net gain (loss) on derivative instruments, net of tax	(41)	40)	48)	(33)	(7)	32)
Change in net unrealized gain (loss) on available-for-sale securities, net of tax	2)	—)	12)	2)	1)	2)
Change in defined benefit pension items, net of tax	(5)	(3)	5)	2)	(7)	13)
Net change in cumulative foreign currency translation gain (loss), net of tax	(5)	(98)	(63)	64)	(14)	(58)
Other comprehensive income (loss), net of reclassifications	(49)	(61)	2)	34)	(25)	(11)
Comprehensive income (loss)	857)	762)	499)	1,243)	189)	(92)

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

The financial performance over the analyzed six-year period is characterized by a transition from an initial net loss to sustained profitability. Comprehensive income exhibits a general upward trajectory, heavily driven by the recovery and subsequent growth of net income, despite periodic volatility introduced by other comprehensive income components.

Net Income Trends: A significant turnaround is observed following January 31, 2019, when a net loss of 81 million US dollars shifted to a net income of 215 million US dollars by 2020. A peak was reached in 2021 with 1.208 billion US dollars, followed by a correction to 497 million US dollars in 2022. In the subsequent two years, a consistent recovery trend emerged, with net income rising to 823 million US dollars in 2023 and 906 million US dollars by January 31, 2024.
Analysis of Other Comprehensive Income (OCI): OCI has demonstrated significant volatility and a tendency toward negative values in recent years. Foreign currency translation gains and losses have been a primary driver of this instability, specifically with substantial losses of 63 million US dollars in 2022 and 98 million US dollars in 2023. Gains and losses on derivative instruments have also fluctuated unpredictably, ending the period with a loss of 41 million US dollars in 2024. In contrast, changes in available-for-sale securities and defined benefit pension items have remained relatively marginal in their impact on the overall statement.
Comprehensive Income Correlation: Comprehensive income closely tracks the trajectory of net income but is moderated by the fluctuations in OCI. The peak comprehensive income of 1.243 billion US dollars in 2021 aligns with the period of highest net income. While net income grew between 2023 and 2024, the comprehensive income figure was dampened by negative OCI, resulting in a final value of 857 million US dollars for the period ending January 31, 2024.

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