Stock Analysis on Net

Meta Platforms Inc. (NASDAQ:META)

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.

Meta Platforms Inc., consolidated statement of comprehensive income

US$ in millions

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12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income 39,098 23,200 39,370 29,146 18,485
Change in foreign currency translation adjustment, net of tax 618 (1,184) (1,116) 1,056 (151)
Change in unrealized gain (loss) on available-for-sale investments and other, net of tax 757 (1,653) (504) 360 422
Other comprehensive income (loss) 1,375 (2,837) (1,620) 1,416 271
Comprehensive income 40,473 20,363 37,750 30,562 18,756

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Comprehensive income item Description The company
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Meta Platforms Inc. net income decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Comprehensive income Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Exclude changes in equity resulting from investments by owners and distributions to owners. Meta Platforms Inc. comprehensive income decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.