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.
Paying user area
Try for free
Axon Enterprise Inc. pages available for free this week:
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Axon Enterprise Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Axon Enterprise Inc., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
The financial data over the five-year period reveals several key trends in the company's profitability and comprehensive income components.
- Net income (loss)
- The net income demonstrates significant volatility throughout the period. It starts with a positive figure of approximately $29.2 million in 2018, sharply decreases to nearly break-even in 2019 with $0.9 million, then turns negative in 2020 with a small loss of about $1.7 million. This decline deepens substantially in 2021, resulting in a significant loss of roughly $60 million. However, the trend reverses dramatically in 2022, with net income surging to $147.1 million, marking a strong recovery and notable profitability.
- Foreign currency translation adjustments
- Foreign currency translation adjustment figures fluctuate over the years without a clear directional trend. They shift from a minor negative adjustment of -$46 thousand in 2018 to a positive $417 thousand in 2019 and further positive $1.2 million in 2020. However, these adjustments reverted to negative in 2021 and 2022, with values of approximately -$1.3 million and -$4.8 million, respectively, suggesting increased exposure to adverse foreign currency movements in the latter years.
- Unrealized (gains) losses on available-for-sale investments
- This component only appears in 2021 and 2022, showing unrealized losses of $207 thousand and $1.04 million, respectively. The emergence and increase of these unrealized losses in the last two years indicate a potential decline in the value of available-for-sale investments, impacting overall comprehensive income negatively.
- Other comprehensive income (loss)
- Other comprehensive income closely mirrors the pattern of foreign currency translation adjustments and unrealized losses. It moves from a slight negative amount (-$46 thousand) in 2018 to a positive $1.2 million in 2020, before decreasing back to negative territory in 2021 (-$1.5 million) and 2022 (-$5.9 million). This reflects the combined effect of fluctuations in currency translations and unrealized investment losses.
- Comprehensive income (loss)
- The overall comprehensive income follows a pattern similar to net income but is moderated by the adjustments noted above. Comprehensive income starts at $29.2 million in 2018, slightly increases to approximately $1.3 million in 2019, and then turns negative in 2020 and 2021 with -$0.5 million and -$61.5 million, respectively. The year 2022 sees a recovery to a positive $141.3 million, in line with the substantial net income rebound, indicating the company's overall financial position improved significantly despite some negative comprehensive income components.