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: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).
- Net Income (Loss)
- Net income exhibited a marked decline over the five-year period, beginning at $20,899 million in 2020 and decreasing slightly to $19,868 million in 2021. This was followed by a sharp drop to $8,017 million in 2022 and further decline to $1,675 million in 2023. In 2024, the company experienced a significant loss of $18,233 million, marking a substantial reversal from previous years' profits.
- Net Unrealized Holding Gains (Losses) on Derivatives
- The net unrealized holding gains and losses on derivatives showed volatility without a consistent trend. Positive gains of $677 million in 2020 were succeeded by losses of $520 million and $510 million in 2021 and 2022 respectively. There was a recovery to gains of $272 million in 2023, which was again followed by a loss of $555 million in 2024.
- Actuarial Valuation and Other Pension Benefits (Expenses), Net
- This item fluctuated throughout the period. It started with an expense of $183 million in 2020, turned to gains of $451 million and $855 million in 2021 and 2022 respectively, before decreasing to $66 million and $60 million in 2023 and 2024. This indicates varying pension-related impacts on financial results.
- Translation Adjustments and Other
- Translation adjustments and other items remained relatively minor yet inconsistent, showing small gains or losses each year. The fluctuations ranged from a gain of $35 million in 2020 to minor losses such as $60 million in 2021, with values oscillating around zero in subsequent years.
- Other Comprehensive Income (Loss)
- Other comprehensive income or loss shifted notably during the period. After a gain of $529 million in 2020, the figure turned negative to -$129 million in 2021, improved considerably to $318 million and $347 million in 2022 and 2023, but then dropped to a loss of $496 million in 2024.
- Comprehensive Income (Loss)
- Comprehensive income followed a similar declining pattern as net income. Starting at $21,428 million in 2020, it decreased slightly to $19,739 million in 2021, then dropped markedly to $8,335 million in 2022. The decline continued into 2023 at $2,022 million, followed by a comprehensive loss of $18,729 million in 2024, reflecting overall deteriorated performance.
- Comprehensive Income (Loss) Attributable to Non-Controlling Interests
- Data for non-controlling interests was absent for the early years. From 2022, a small loss of $3 million was recorded, turning into gains of $14 million in 2023 and a significant increase to $477 million in 2024. This suggests a growing positive impact or claim from minority interests despite the overall loss.
- Comprehensive Income (Loss) Attributable to Intel
- The comprehensive income attributable to Intel paralleled the total comprehensive income trend but excluded minority interests. Beginning at $21,428 million in 2020, it trended downward to $19,739 million in 2021, then sharply to $8,332 million in 2022, $2,036 million in 2023, and a substantial loss of $18,252 million in 2024. This underlines deteriorating core profitability excluding non-controlling interests.