Name: Illumina Inc. (NASDAQ:ILMN) | 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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Illumina Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2020	Dec 29, 2019	Dec 30, 2018	Dec 31, 2017	Dec 31, 2016
Consolidated net income	656)	990)	782)	678)	428)
Unrealized gain (loss) on available-for-sale debt securities, net of deferred tax	(3)	6)	—)	—)	(1)
Other consolidated comprehensive income (loss)	(3)	6)	—)	—)	(1)
Consolidated comprehensive income	653)	996)	782)	678)	427)
Comprehensive loss attributable to noncontrolling interests	—)	12)	44)	48)	35)
Comprehensive income attributable to Illumina stockholders	653)	1,008)	826)	726)	462)

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

The financial trajectory from 2016 to 2020 is characterized by a period of steady growth in profitability followed by a contraction in the final year of the analysis.

Net and Comprehensive Income Trends: Consolidated net income exhibited a consistent upward trajectory between 2016 and 2019, rising from US$ 428 million to a peak of US$ 990 million. This growth trend reversed in 2020, with net income decreasing to US$ 656 million. Consolidated comprehensive income closely mirrored this pattern, increasing from US$ 427 million in 2016 to a peak of US$ 996 million in 2019, before declining to US$ 653 million in 2020.
Stockholder Attribution and Noncontrolling Interests: Comprehensive income attributable to Illumina stockholders grew significantly from US$ 462 million in 2016 to US$ 1,008 million in 2019, representing a substantial increase in value for shareholders during that window. However, this figure fell to US$ 653 million in 2020. Concurrently, comprehensive losses attributable to noncontrolling interests were recorded from 2016 through 2019, though these losses narrowed from US$ 48 million in 2017 to US$ 12 million in 2019.
Other Comprehensive Income (OCI) Impact: The impact of other consolidated comprehensive income on total results remained minimal. The fluctuations were primarily driven by unrealized gains or losses on available-for-sale debt securities, which ranged from a loss of US$ 3 million in 2020 to a gain of US$ 6 million in 2019. These amounts were immaterial relative to the overall consolidated net income.

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