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.
Charter Communications Inc., consolidated statement of comprehensive income
US$ in millions
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), 10-K (reporting date: 2020-12-31).
An analysis of the financial data reveals several noteworthy trends over the five-year period ending December 31, 2024.
- Consolidated Net Income
- The consolidated net income displays an overall upward trajectory with fluctuations across the years. It increased significantly from 3,676 million US dollars in 2020 to 5,320 million US dollars in 2021, continued its growth to 5,849 million US dollars in 2022, declined slightly to 5,261 million US dollars in 2023, and then rebounded to 5,853 million US dollars in 2024. This pattern suggests strong profitability with some volatility in the mid-term.
- Comprehensive Income
- Comprehensive income data mirrors the consolidated net income figures exactly for each year, indicating the absence of other comprehensive income or losses during this time frame. This alignment implies that the company’s net income largely drives its total comprehensive earnings.
- Comprehensive Income Attributable to Noncontrolling Interests
- The portion of comprehensive income attributable to noncontrolling interests has been consistently negative and increasing in absolute terms over the period. Starting at -454 million US dollars in 2020, it reached -666 million in 2021, then -794 million in 2022, before slightly decreasing in magnitude to -704 million in 2023, and finally increasing again to -770 million in 2024. This trend indicates growing claims by minority interest holders against the total comprehensive income.
- Comprehensive Income Attributable to Charter Shareholders
- Comprehensive income attributable to Charter shareholders follows a similar pattern to consolidated net income but adjusted for the noncontrolling interests. It rose significantly from 3,222 million US dollars in 2020 to 4,654 million in 2021, increased further to 5,055 million in 2022, declined to 4,557 million in 2023, and then climbed back to 5,083 million in 2024. This suggests strong operational performance and value generation for the controlling shareholders, despite some volatility associated with one year downturn.