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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Dollar Tree Inc., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
The financial data reveals several notable trends in the company's income performance and comprehensive income components over the six-year period.
- Net Income (Loss)
- The net income figures exhibit considerable fluctuations across the years. Starting with a positive net income of approximately $896.2 million in 2017, the company experienced a substantial increase to $1.71 billion in 2018. However, this was followed by a significant downturn in 2019, resulting in a net loss of about $1.59 billion. Subsequently, the company recovered with positive net income in 2020, 2021, and 2022, registering $827 million, $1.34 billion, and $1.33 billion respectively. This pattern indicates volatility but demonstrates a recovery and stabilization in recent years, with income levels regaining strength after the 2019 loss.
- Foreign Currency Translation Adjustments
- This item shows relatively minor fluctuations compared to net income, with small positive and negative values. The adjustments were positive $5.5 million in 2017 and $5.3 million in 2018, turned negative to -$6 million in 2019, slightly negative at -$1.5 million in 2020, and went back to a positive $4.6 million in 2021. Data for 2022 is not available. These modest changes suggest limited exposure or impact from foreign currency fluctuations over the period.
- Other Comprehensive Income (Loss)
- Other comprehensive income closely mirrors foreign currency translation adjustments, reflecting that the latter forms the main component of this category. The pattern of gains and losses over the years follows the same progression, indicating no additional significant comprehensive income or loss items beyond the currency translation adjustments.
- Comprehensive Income (Loss)
- Comprehensive income, which combines net income and other comprehensive components, follows a similar trend to net income but with slight variations due to currency adjustments. The figures start at $901.7 million in 2017, peak at $1.72 billion in 2018, decline steeply to a loss of $1.6 billion in 2019, recover to $825.5 million in 2020, and rise again to $1.35 billion and $1.33 billion in 2021 and 2022 respectively. These data underscore the strong influence of net income on overall performance while indicating minor contributions from other comprehensive income items.
Overall, the data portrays a company that has experienced wide swings in profitability, including a major loss year, followed by a significant rebound and relative consistency in recent years. Foreign currency impacts appear marginal and do not materially affect the overall financial results.