Name: O’Reilly Automotive Inc. (NASDAQ:ORLY) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

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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O’Reilly Automotive Inc., consolidated statement of comprehensive income

US$ in thousands

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income	2,164,685)	1,752,302)	1,391,042)	1,324,487)	1,133,804)
Foreign currency translation adjustments	(4,644)	(7,045)	4,890)	—)	—)
Other comprehensive income (loss)	(4,644)	(7,045)	4,890)	—)	—)
Comprehensive income	2,160,041)	1,745,257)	1,395,932)	1,324,487)	1,133,804)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

The financial performance from 2017 to 2021 is characterized by a consistent and accelerating growth in profitability. Total earnings expanded steadily throughout the five-year period, with the primary driver of value being net income, while external adjustments remained marginal in their impact on the final results.

Net Income Trends: A sustained upward trend is observed in net income, which increased from US$1,133,804 thousand in 2017 to US$2,164,685 thousand in 2021. The growth was particularly pronounced between 2019 and 2021, where net income rose from US$1,391,042 thousand to over US$2.16 billion, indicating a strengthening of the company's bottom-line profitability.
Other Comprehensive Income (OCI) and Currency Fluctuations: Other comprehensive income, driven exclusively by foreign currency translation adjustments, exhibited minimal volatility relative to total earnings. After no recorded adjustments in 2017 and 2018, a positive adjustment of US$4,890 thousand occurred in 2019, followed by losses of US$7,045 thousand in 2020 and US$4,644 thousand in 2021. These amounts are statistically insignificant when compared to the scale of net income.
Comprehensive Income Analysis: Comprehensive income followed a trajectory nearly identical to that of net income, growing from US$1,133,804 thousand in 2017 to US$2,160,041 thousand in 2021. The high correlation between net income and comprehensive income suggests that the overall financial performance is driven by core operational results rather than unrealized gains or losses from external economic factors.

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