Name: DexCom Inc. (NASDAQ:DXCM) | 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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DexCom Inc., consolidated statement of comprehensive income

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net income (loss)	341,200)	154,700)	493,600)	101,100)	(127,100)
Translation adjustments and other	(9,800)	(1,000)	1,100)	400)	4,000)
Unrealized gain (loss) on marketable debt securities	(2,300)	(1,700)	(200)	400)	100)
Other comprehensive income (loss), net of tax	(12,100)	(2,700)	900)	800)	4,100)
Comprehensive income (loss)	329,100)	152,000)	494,500)	101,900)	(123,000)

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 performance over the five-year period is characterized by a transition from initial losses to sustained profitability, although the results exhibit notable volatility. A significant pivot occurred between 2018 and 2019, where the entity shifted from a net loss to a net profit, establishing a trajectory for subsequent growth.

Net Income Trends: A volatile but generally upward trend is observed in net income. Following a net loss of 127.1 million USD in 2018, the company achieved profitability in 2019 with 101.1 million USD, reaching a peak of 493.6 million USD in 2020. Despite a contraction to 154.7 million USD in 2021, a recovery was noted in 2022, with net income rising to 341.2 million USD.
Other Comprehensive Income (OCI) Components: A consistent deterioration is evident in other comprehensive income. Positive contributions from 2018 to 2020 shifted to negative values in 2021 and 2022, culminating in a loss of 12.1 million USD in the final year. This trend is primarily attributed to a decline in translation adjustments, which fell from 4 million USD in 2018 to negative 9.8 million USD in 2022, and increasing unrealized losses on marketable debt securities, which moved from a gain of 100 thousand USD in 2018 to a loss of 2.3 million USD in 2022.
Comprehensive Income Analysis: Comprehensive income closely mirrors the movement of net income but is increasingly offset by OCI losses in later years. The comprehensive result transitioned from a loss of 123 million USD in 2018 to a peak of 494.5 million USD in 2020. In 2022, comprehensive income was 329.1 million USD, indicating that the negative impact of translation and security adjustments began to outweigh the net income gains more significantly than in previous periods.

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