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
- Common-Size Income Statement
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Analysis of Debt
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Netflix Inc., consolidated statement of comprehensive income
US$ in thousands
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 indicates several notable trends in income and comprehensive income components.
- Net Income
- Net income showed a significant upward trend, increasing from approximately 2.76 billion USD in 2020 to over 8.7 billion USD by 2024. After peaking at around 5.1 billion USD in 2021, net income experienced a slight dip in 2022 but resumed growth thereafter, reaching its highest level in 2024. This suggests overall strong profitability growth with a brief fluctuation in 2022.
- Foreign Currency Translation Adjustments
- This component exhibited considerable volatility, with positive adjustments in 2020 and 2023 but negative adjustments in 2021, 2022, and 2024. The largest negative impact occurred in 2024 at nearly -248 thousand USD, indicating exchange rate fluctuations had a variable and sometimes substantial influence on comprehensive income during this period.
- Other Comprehensive Income (Loss)
- Other comprehensive income largely mirrored the movements seen in foreign currency translation adjustments, with values shifting from a positive 67.9 thousand USD in 2020 to a negative 176.8 thousand USD in 2022. The figure moved closer to neutral in 2023 but culminated in a strong positive of 586.1 thousand USD in 2024, implying increasing positive effects from other comprehensive components in the latest year.
- Unrealized Gains and Losses
- Available data for unrealized gains and losses displays substantial fluctuations, including a sharp negative change in 2023 (-120.0 thousand USD) followed by a pronounced positive swing in 2024 (921.2 thousand USD). Similar volatile patterns can be seen in other related comprehensive income items such as cash flow hedges and fair value hedges, which saw significant gains in 2024. This indicates a marked improvement in the value of available-for-sale securities and hedging instruments toward the end of the period.
- Comprehensive Income
- Comprehensive income closely follows net income trends, with a notable increase from about 2.83 billion USD in 2020 to approximately 9.3 billion USD in 2024. Although it showed a decline in the middle years (2021-2022), the overall trajectory is upward, reflecting solid growth in profitability combined with fluctuating but generally positive effects from other comprehensive income components.
In summary, the data reveals strong growth in net income and comprehensive income over the five years, with pronounced volatility in foreign currency translation adjustments and unrealized gains/losses components of other comprehensive income. The latter items showed significant improvement in the final year, contributing to an overall robust financial performance.