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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- Analysis of Geographic Areas
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Selected Financial Data since 2008
- Net Profit Margin since 2008
- Operating Profit Margin since 2008
- Return on Equity (ROE) since 2008
- Price to Operating Profit (P/OP) since 2008
- Price to Sales (P/S) since 2008
- Aggregate Accruals
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Keurig Dr Pepper Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
The financial data reveals a generally positive trend in net income including non-controlling interest over the four-year period, showing a significant increase from 589 million US dollars in 2018 to 2,145 million US dollars in 2021. This indicates improving profitability for the company.
Foreign currency translation adjustments fluctuated noticeably, starting with a negative adjustment of 225 million in 2018, turning to a positive 230 million in 2019, and then reverting to small negative amounts in 2020 and 2021 (-9 million and -14 million respectively). This suggests volatility in exchange rate impacts on the company’s financial results.
The net change in pension and post-retirement liabilities, net of tax, fluctuated between minor positive and negative values, with a small negative impact in 2018 and 2020 (-4 million each), a slight positive in 2019 (4 million), and no data for 2021. The relatively small magnitude indicates a limited influence on overall financial performance.
Net changes in cash flow hedges, net of tax, were absent in the first two years and then showed increasing negative adjustments (-14 million in 2020 and -89 million in 2021). This trend reflects growing losses or reduced effectiveness in the company’s hedging strategies during the latter years.
Other comprehensive income (loss), combining the above components, exhibited considerable volatility. It dropped significantly from a negative 229 million in 2018 to a positive 234 million in 2019, followed by negative figures of -27 million in 2020 and a larger negative adjustment of -103 million in 2021. These swings highlight the varying impact of non-operational factors year over year.
Comprehensive income, which includes net income and other comprehensive income, rose substantially from 360 million in 2018 to a peak of 1,488 million in 2019, then slightly declined to 1,298 million in 2020, and climbed again to 2,042 million in 2021. This pattern reflects a strong overall financial performance, with some year-to-year variations influenced by other comprehensive income factors.
Comprehensive income attributable to the controlling interest in the company closely mirrored the overall comprehensive income, showing growth from 357 million in 2018 to 2,043 million in 2021. This confirms that the controlling shareholders benefited from the company’s increasing overall profitability and comprehensive income over the period.
Comprehensive income (loss) attributable to non-controlling interests was negligible or not reported in most years, except for a small negative 3 million in 2018 and a minor positive 1 million in 2021, indicating minimal impact from these interests on total comprehensive income.