Name: Keurig Dr Pepper Inc. (NASDAQ:KDP) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

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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Keurig Dr Pepper Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net income including non-controlling interest	2,145)	1,325)	1,254)	589)
Foreign currency translation adjustments	(14)	(9)	230)	(225)
Net change in pension and post-retirement liability, net of tax	—)	(4)	4)	(4)
Net change in cash flow hedges, net of tax	(89)	(14)	—)	—)
Other comprehensive income (loss)	(103)	(27)	234)	(229)
Comprehensive income	2,042)	1,298)	1,488)	360)
Comprehensive (income) loss attributable to non-controlling interest	1)	—)	—)	(3)
Comprehensive income attributable to KDP	2,043)	1,298)	1,488)	357)

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).

A strong upward trajectory in profitability and comprehensive income is observed between 2018 and 2021. Net income grew consistently year-over-year, indicating robust operational performance and a significant expansion in earnings capacity over the four-year period.

Net Income Growth: Net income, including non-controlling interests, rose from 589 million US dollars in 2018 to 2,145 million US dollars in 2021. This represents a substantial increase, with the most pronounced acceleration occurring between 2020 and 2021, where income grew by approximately 62%.
Other Comprehensive Income (OCI) Volatility: Other comprehensive income exhibited significant volatility, primarily driven by foreign currency translation adjustments. A translation loss of 225 million US dollars in 2018 was offset by a gain of 230 million US dollars in 2019. However, by 2021, OCI returned to a negative position of 103 million US dollars, influenced by both currency translation losses and a growing negative impact from net changes in cash flow hedges, which reached 89 million US dollars in 2021.
Comprehensive Income Performance: Total comprehensive income increased from 360 million US dollars in 2018 to 2,042 million US dollars in 2021. While the progression was impacted by the volatility of OCI—resulting in a slight dip between 2019 and 2020—the overall trend remains strongly positive.
Attribution to Controlling Interest: Comprehensive income attributable to KDP closely aligns with the total comprehensive income figures across all reported years. The minimal variance indicates that the impact of non-controlling interests on the comprehensive result is negligible.

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