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
Gilead Sciences Inc. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Gilead Sciences Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Gilead Sciences Inc., consolidated statement of comprehensive income
US$ 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).
The financial data shows significant fluctuations over the observed periods for key income metrics. The net income experienced a dramatic increase from 89 million US$ in 2020 to a peak of 6,201 million US$ in 2021, followed by a gradual decrease to 4,566 million US$ in 2022 and 5,613 million US$ in 2023, then a sharp decline to 480 million US$ in 2024. This indicates considerable volatility in profitability, with a notable drop in the last reported year.
Comprehensive income (loss), net, which includes net income and other comprehensive income items, mirrors the net income trend with a significant rise from -56 million US$ in 2020 to 6,344 million US$ in 2021, followed by a fall to 4,485 million US$ in 2022 and an increase again to 5,639 million US$ in 2023, before dropping to 584 million US$ in 2024. This pattern suggests that the overall financial performance experienced strong growth in 2021 and 2023 but weakened considerably in 2024.
Analyzing the components of other comprehensive income (loss), net, reveals volatility in foreign currency translation gains and losses. The company recorded a small loss of 2 million US$ in 2020 and a more substantial loss in 2021 (-38 million US$), followed by smaller losses and gains in subsequent years, ending with a loss of 26 million US$ in 2024. Similar erratic movements are seen in gains/losses on available-for-sale debt securities and cash flow hedges, with marked fluctuations in amounts and direction over the years. For example, cash flow hedges swung from a large loss of 144 million US$ in 2020 to a gain of 187 million US$ in 2021, and ended with a gain of 125 million US$ in 2024 after some intervening losses.
The comprehensive loss attributable to noncontrolling interests remained relatively low and stable across the years, ranging between 24 million US$ and 52 million US$, with missing data in the final year. This indicates that noncontrolling interests did not significantly impact the comprehensive income trends.
Overall, the comprehensive income attributable to the company tracks closely with net income figures, underscoring that net income is the primary driver of total comprehensive income. The data conveys a period of strong financial performance peaking in 2021, followed by declines and partial recovery before a sharp drop in 2024. The fluctuations in other comprehensive income components further contributed to the variability but with less magnitude compared to the net income swings.
- Net Income
- Substantial increase in 2021, followed by volatility and a steep decline in 2024.
- Comprehensive Income (Loss), Net
- Parallels net income trends with high volatility and overall decline in 2024.
- Other Comprehensive Income (Loss)
- Marked fluctuations in foreign currency translation, available-for-sale securities, and cash flow hedges.
- Comprehensive Loss Attributable to Noncontrolling Interest
- Relatively minor and stable impact on overall comprehensive income.
- Overall Pattern
- Strong peak year in 2021 with subsequent variability, ending in a notable performance decline in 2024.