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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- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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Microsoft Corp., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
The financial data exhibits several notable trends and fluctuations over the six-year period.
- Net Income
- Net income demonstrates a consistent upward trajectory from 2019 through 2024. Beginning at 39,240 million US dollars in 2019, it rose steadily each year to reach 88,136 million US dollars in 2024, nearly doubling over the period. This reflects strong profitability growth with a significant jump between 2020 and 2021, and again from 2023 to 2024.
- Net Change Related to Derivatives
- This item fluctuates modestly around zero throughout the period, with negative values in 2019, 2020, and 2023, and small positive values in 2021, 2022, and 2024. The values remain relatively minor in scale compared to net income, indicating limited impact from derivative activities on overall financial performance.
- Net Change Related to Investments
- The net change related to investments shows considerable volatility, beginning positively in 2019 and 2020 with increases of 2,405 and 3,990 million US dollars respectively, then turning negative in 2021 and 2022 with declines of -2,266 and -5,360 million US dollars. The negative trend lessens in 2023 but turns positive again in 2024 with 957 million US dollars. This suggests significant variability in investment outcomes impacting overall income during the years.
- Translation Adjustments and Other
- Translation adjustments and other items remain negative or close to zero in most years, with a notable positive spike only in 2021 at 873 million US dollars. Otherwise, the line exhibits small negative values reflecting some foreign exchange or other non-operational impacts on financial results.
- Other Comprehensive Income (Loss), Net of Tax
- Other comprehensive income shows substantial variation, with positive totals in 2019 and 2020, peaking at 3,523 million US dollars in 2020, followed by marked losses in 2021 through 2023, reaching a low of -6,500 million US dollars in 2022. This item rebounds to a positive 753 million US dollars in 2024, indicating a recovery in areas such as pensions, foreign currency translation, or investments affecting comprehensive income.
- Comprehensive Income
- Comprehensive income increases overall from 41,154 million US dollars in 2019 to 88,889 million US dollars in 2024. Despite fluctuations in other comprehensive income components, the upward trend is relatively steady, driven largely by the rising net income. A slight dip occurs in 2021 compared to 2020, but the level re-accelerates thereafter, showing a strong overall earnings performance when including all income components.