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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- Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2015
- Total Asset Turnover since 2015
- Price to Operating Profit (P/OP) since 2015
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Kraft Heinz Co., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
- Net Income (Loss)
- The net income exhibits significant volatility over the analyzed period. It increased sharply from 647 million US dollars in 2015 to a peak of 10,990 million in 2017. Subsequently, there was a substantial loss of 10,254 million in 2018, followed by a recovery to a positive income of 1,933 million in 2019.
- Foreign Currency Translation Adjustments
- The foreign currency translation adjustments show fluctuating values, with negative amounts in 2015 (-1,604 million) and 2016 (-986 million), a reversal to positive in 2017 (1,184 million), then negative again in 2018 (-1,187 million), and a slight positive value in 2019 (246 million). This inconsistency suggests foreign exchange impacts have materially affected the financial results.
- Net Deferred Gains (Losses) on Net Investment Hedges
- This item tended to decrease from 506 million in 2015 to -353 million in 2017, followed by a rebound to positive 284 million in 2018, and a negligible value of 1 million in 2019. Such fluctuations indicate variability in hedge effectiveness or market conditions impacting investment hedges.
- Amounts Excluded from Effectiveness Assessment of Net Investment Hedges
- Data is missing for earlier years but shows incremental values in 2018 (7 million) and 2019 (22 million), indicating some components were excluded from effectiveness assessments during these periods.
- Net Deferred Gains (Losses) on Net Investment Hedges Reclassified to Net Income (Loss)
- This item shows small negative values in 2018 (-7 million) and 2019 (-16 million), reflecting minor adjustments reclassified to net income.
- Net Deferred Gains (Losses) on Cash Flow Hedges
- The figures swing between positive and negative, with -6 million in 2015, rising to 46 million in 2016, then dropping to -113 million in 2017, climbing again to 99 million in 2018, and falling to -10 million in 2019. This volatility reflects changing cash flow hedge performance.
- Amounts Excluded from Effectiveness Assessment of Cash Flow Hedges
- Values are reported only in 2018 (2 million) and 2019 (29 million), suggesting increased exclusions in those years concerning hedge effectiveness.
- Net Deferred Gains (Losses) on Cash Flow Hedges Reclassified to Net Income (Loss)
- The amounts demonstrate considerable variability: starting at 120 million in 2015, then shifting to -87 million in 2016, 85 million in 2017, -44 million in 2018, and -41 million in 2019. These swings indicate fluctuating hedge-related impacts on net income.
- Net Actuarial Gains (Losses) Arising During the Period
- Actuarial gains and losses display inconsistency, with gains in 2015 (23 million), losses in 2016 (-40 million), gains in 2017 (69 million) and 2018 (58 million), and losses in 2019 (-70 million). This pattern shows variable changes in actuarial assumptions or pension-related liabilities.
- Prior Service (Costs) Credits Arising During the Period
- There is a marked decline in prior service credits from a high of 923 million in 2015 to a minimal 1 million in 2019, indicating decreasing adjustments related to employee service costs over time.
- Net Postemployment Benefit (Gains) Losses Reclassified to Net Income (Loss)
- These figures have consistently been negative and have grown in absolute magnitude from -85 million in 2015 to -234 million in 2019, suggesting increasing gains reclassified to net income related to postemployment benefits.
- Other Comprehensive Income (Loss), Net of Tax
- The other comprehensive income demonstrates significant fluctuations, with negative values in 2015 (-123 million), 2016 (-951 million), and 2018 (-903 million), positive in 2017 (580 million), and slightly negative in 2019 (-72 million). The volatility indicates significant swings in components affecting comprehensive income outside of net income.
- Comprehensive Income (Loss)
- Comprehensive income largely mirrors net income trends, escalating from 524 million in 2015 to a peak of 11,570 million in 2017, followed by a substantial loss of 11,157 million in 2018 and a recovery to 1,861 million in 2019.
- Comprehensive (Income) Loss Attributable to Noncontrolling Interest
- Amounts attributable to noncontrolling interests fluctuate in both directions, ranging from positive 13 million in 2015 to negative 16 million in 2016, a nominal 3 million in 2017, an increase to 76 million in 2018, and a slight negative 5 million in 2019. This suggests moderate variability in minority interests' contributions to comprehensive income.
- Comprehensive Income (Loss) Attributable to Kraft Heinz
- The component attributable to Kraft Heinz closely tracks comprehensive income overall, moving from 537 million in 2015 up to 11,573 million in 2017, dipping sharply to -11,081 million in 2018, and rebounding to 1,856 million in 2019. This pattern underscores the volatility experienced by the company’s shareholders over the period.