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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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Enterprise Value to EBITDA (EV/EBITDA)
- Operating Profit Margin since 2012
- Return on Assets (ROA) since 2012
- Debt to Equity since 2012
- Analysis of Revenues
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Meta Platforms Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 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).
The financial data over the five-year period reveals notable fluctuations and distinct trends in net income, comprehensive income, and components of other comprehensive income.
- Net income
- There is an overall positive growth trend in net income from 2020 through 2024, with some variability. Net income increased significantly from 29,146 million USD in 2020 to 39,370 million USD in 2021, then declined to 23,200 million USD in 2022. It rebounded strongly in 2023 to 39,098 million USD and surged further to 62,360 million USD in 2024. This pattern suggests periods of volatility but an overall robust upward trajectory in profitability.
- Change in foreign currency translation adjustment, net of tax
- This line item shows a generally negative trend in most years except 2020 and 2023. In 2020, it was positive at 1,056 million USD, but it turned negative in 2021 and 2022 (-1,116 and -1,184 million USD, respectively). It became positive again in 2023 (618 million USD) but declined sharply in 2024 to -1,413 million USD. These movements indicate foreign currency translation effects have introduced volatility and occasional adverse impacts on equity.
- Change in unrealized gain (loss) on available-for-sale investments and other, net of tax
- This variable experienced a marked deterioration in 2021 and 2022, moving from a 360 million USD gain in 2020 to losses of -504 million USD and -1,653 million USD in the next two years. However, the trend reversed with gains returning in 2023 and 2024 (757 million USD and 471 million USD respectively), demonstrating recovery in investment valuations or related unrealized gains.
- Other comprehensive income (loss)
- Other comprehensive income followed a pattern consistent with its components, showing positive results in 2020 (1,416 million USD) and 2023 (1,375 million USD), but negative outcomes in 2021 (-1,620 million USD), 2022 (-2,837 million USD), and 2024 (-942 million USD). This reflects the combined effects of currency translation and investment valuation changes impacting comprehensive income beyond net income.
- Comprehensive income
- Overall comprehensive income mirrors the volatility seen in net income and other comprehensive items. It rose from 30,562 million USD in 2020 to 37,750 million USD in 2021 but fell sharply to 20,363 million USD in 2022. A strong recovery occurred in 2023 (40,473 million USD), followed by a considerable increase to 61,418 million USD in 2024. This suggests strong underlying profitability growth despite the fluctuations in other comprehensive income components.