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 Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Return on Assets (ROA) since 2020
- Total Asset Turnover since 2020
- Price to Earnings (P/E) since 2020
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Palantir Technologies 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 exhibits significant shifts in profitability and comprehensive income.
- Net Income (Loss)
- The net income (loss) figures reveal a consistent improvement from a substantial loss of approximately $1.17 billion in 2020 to a positive net income of $217 million in 2023, further increasing to $468 million in 2024. This indicates a marked turnaround in profitability, transitioning from heavy losses to solid gains within the timeframe.
- Foreign Currency Translation Adjustments
- Foreign currency translation adjustments fluctuate throughout the years, with small negative or positive impacts typically under $4 million. The adjustments do not show a clear trend but present volatility, with losses in 2020 and 2022 and gains in 2021 and 2023, followed by another loss in 2024.
- Net Unrealized Gain (Loss) on Available-for-Sale Securities
- This item appears only in the last two years, showing a gain of $3.4 million in 2023, followed by a loss of approximately $3 million in 2024. The presence of these values in recent years suggests investment or marketable securities are influencing the comprehensive income volatility.
- Other Comprehensive Income (Loss)
- Other comprehensive income/loss amounts generally mirror the effects of foreign currency translation adjustments and net unrealized gains/losses. This category shows a negative balance in 2020 and 2022, a moderate positive swing in 2023, and a reversal to negative territory in 2024. This pattern suggests variability in non-operational gains or losses impacting the comprehensive results.
- Comprehensive Income (Loss)
- Comprehensive income (loss), which aggregates net income and other comprehensive items, follows a similar trajectory to net income but with fluctuations influenced by other comprehensive income components. It improves markedly from a loss of about $1.17 billion in 2020 to a positive comprehensive income of $224 million in 2023 and $462 million in 2024.
- Comprehensive Income Attributable to Noncontrolling Interests
- Starting from 2022, a negative balance is reported, increasing slightly in magnitude from approximately $2.6 million in 2022 to $7.6 million in 2023, and receding to $5.7 million in 2024. These figures indicate that noncontrolling interests have negatively impacted comprehensive income, though the amounts are relatively small compared to the total earnings.
- Comprehensive Income (Loss) Attributable to Common Stockholders
- This measure closely follows the overall comprehensive income trend, moving from a significant loss of around $1.17 billion in 2020 to positive results exceeding $455 million in 2024. This highlights that the improvement in comprehensive income predominantly benefits the common stockholders despite the influence of noncontrolling interests.
In summary, the data demonstrates a pronounced financial recovery characterized by a shift from substantial losses to profitability and positive comprehensive income over the five-year span. Fluctuations in other comprehensive income components and noncontrolling interests exert some influence but remain secondary to the dominant improvement in net income and shareholder returns.