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 Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
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Intuit Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31).
- Net Income
- Net income demonstrates a strong upward trend over the analyzed period. Starting at 1,557 million US dollars in 2019, it steadily increased each year, reaching 2,963 million US dollars by 2024. The growth appears consistent, with slight accelerations in recent years, particularly between 2023 and 2024.
- Unrealized Gain (Loss) on Available-for-Sale Debt Securities
- This item shows considerable volatility. Initial gains were recorded in 2019 and 2020, with 3 and 5 million US dollars respectively. However, this shifted to losses in 2021 and 2022 (-3 and -10 million), followed by an absence of data in 2023 and a recovery to a 7 million gain in 2024. This pattern indicates fluctuating value adjustments in the debt securities portfolio.
- Foreign Currency Translation Gain (Loss)
- Foreign currency translation gains and losses exhibit variability without a clear consistent trend. Losses occurred in 2019, 2020, 2022, and 2024, with amounts ranging from -1 to -26 million US dollars. Positive gains were observed in 2021 and 2023 (11 and 5 million respectively). The foreign currency impact appears to be unpredictable and contributes to volatility in other comprehensive income.
- Cumulative Translation Adjustment Reclassified to Net Income
- Only recorded in 2024 with a positive value of 9 million US dollars. This reclassification may suggest some prior adjustments have been realized through net income recently.
- Other Comprehensive Income (Loss), Net of Income Taxes
- The other comprehensive income category reflects notable fluctuations. Positive amounts were seen in 2020, 2021, 2023, and 2024, ranging from 1 to 8 million US dollars. In contrast, a significant loss occurred in 2022 with -36 million US dollars. This indicates variability in elements excluded from net income but impacting equity.
- Comprehensive Income
- Comprehensive income generally follows net income trends but with slight deviations due to other comprehensive income components. It increased from 1,557 million US dollars in 2019 to 2,964 million US dollars in 2024. Minor declines or slower growth occurred in 2022, when total comprehensive income (2,030 million) was slightly lower than prior year net income, highlighting the impact of negative other comprehensive items in that year.