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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- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
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Illumina Inc., consolidated statement of comprehensive income
US$ in millions
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 data reveals several noteworthy trends in the company's profitability and comprehensive income over the five-year period ending in 2020.
- Consolidated Net Income
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The net income demonstrated a strong upward trend from 2016 through 2019, increasing from $428 million to $990 million. However, in 2020, there was a notable decline to $656 million, suggesting a decrease in profitability during that year.
- Unrealized Gain (Loss) on Available-for-Sale Debt Securities (net of deferred tax)
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This item exhibited volatility across the years with a minor loss in 2016 (-$1 million), no reported values in 2017 and 2018, a gain in 2019 ($6 million), and a loss again in 2020 (-$3 million). The fluctuations had some impact on comprehensive income but were relatively small in magnitude.
- Other Consolidated Comprehensive Income (Loss)
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These other comprehensive income figures mirror the trends seen in unrealized gains and losses, indicating that the majority of other comprehensive income changes stemmed from debt securities valuation adjustments.
- Consolidated Comprehensive Income
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Comprehensive income grew in line with net income from 2016 to 2019, rising from $427 million to $996 million. However, in 2020, it declined to $653 million, paralleling the decrease in net income and reflecting the overall trend of reduced earnings quality or market value adjustments.
- Comprehensive Loss Attributable to Noncontrolling Interests
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Amounts attributable to noncontrolling interests showed a declining pattern, from $35 million in 2016 down to $12 million in 2019, with no reported figure in 2020. This decreasing trend implies a reduced impact or lower losses attributed to minority interests over time.
- Comprehensive Income Attributable to Illumina Stockholders
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The comprehensive income attributable to the company's stockholders increased steadily from $462 million in 2016 to peak at $1,008 million in 2019, followed by a sharp decline to $653 million in 2020. This pattern reflects both the net income trends and changes in other comprehensive income, pointing to a year of significant earnings contraction for shareholders in 2020.
Overall, the data indicates strong growth in profitability and comprehensive income from 2016 through 2019, followed by a substantial profit decrease in 2020. The fluctuations in other comprehensive income suggest relatively minor effects from marketable securities. The reduced noncontrolling interest losses and the sharp decline in earnings for stockholders in 2020 are key observations for this period.