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.
Intel Corp., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25).
The statement of comprehensive income reveals significant fluctuations over the five-year period. Net income demonstrates a dramatic decline from 2021 to 2024, followed by a modest recovery in 2025. Other comprehensive income exhibits volatility, contributing to substantial swings in overall comprehensive income.
- Net Income Trend
- Net income began at US$19,868 million in 2021, decreasing to US$8,017 million in 2022, and continuing downward to US$1,675 million in 2023. A substantial net loss of US$19,233 million was recorded in 2024, before a minimal net income of US$26 million in 2025. This represents a highly unstable earnings pattern.
- Comprehensive Income Analysis
- Comprehensive income mirrors the trend in net income, starting at US$19,739 million in 2021 and falling to a loss of US$19,729 million in 2024. The 2025 figure shows a recovery to US$850 million, though significantly below the 2021 level. The influence of other comprehensive income is apparent, moderating the impact of net income in some years but exacerbating losses in others.
- Other Comprehensive Income Components
- Net unrealized holding gains (losses) on derivatives fluctuated, moving from a loss of US$520 million in 2021 to a gain of US$743 million in 2025. Actuarial valuation and other pension benefits remained relatively stable, ranging between US$60 million and US$855 million. Translation adjustments and other items were consistently small. Overall, other comprehensive income moved from a loss of US$129 million in 2021 to a loss of US$496 million in 2024, then a gain of US$824 million in 2025.
- Attribution to Non-Controlling Interests
- Comprehensive income attributable to non-controlling interests was negligible until 2022, when it registered a loss of US$3 million. This figure increased to a gain of US$477 million in 2024, before becoming a loss of US$293 million in 2025. The impact on Intel’s attributable comprehensive income is noticeable, particularly in 2024.
- Intel Attributable Comprehensive Income
- The comprehensive income attributable to Intel closely follows the overall comprehensive income trend, experiencing the same dramatic decline and subsequent minor recovery. The 2024 loss of US$19,252 million is a significant decrease from the 2021 income of US$19,739 million, and the 2025 income of US$557 million remains substantially lower than the initial value.
The considerable volatility in net income and other comprehensive income components suggests underlying business challenges and/or significant exposure to market fluctuations. The substantial loss in 2024 warrants further investigation to determine the contributing factors and assess the sustainability of the modest recovery observed in 2025.