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
- Analysis of Liquidity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2015
- Return on Equity (ROE) since 2015
- Total Asset Turnover since 2015
- Price to Earnings (P/E) since 2015
- Price to Book Value (P/BV) since 2015
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PayPal Holdings Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2022-12-31), 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).
The financial data over the five-year period demonstrate notable fluctuations in the company's profitability and comprehensive income components.
- Net Income
- Net income increased steadily from 2,057 million USD in 2018 to peak at 4,202 million USD in 2020. However, it experienced a slight decline to 4,169 million USD in 2021, followed by a more pronounced decrease to 2,419 million USD in 2022. This indicates a general upward trend in profitability until 2020, with subsequent volatility and reduction in earnings in the most recent year.
- Foreign Currency Translation Adjustments (CTA)
- This component remained negative throughout the period, with relatively moderate fluctuations between -68 million USD and -48 million USD from 2018 to 2020. However, it deteriorated substantially in 2022, reaching -305 million USD, suggesting increased adverse effects from currency translation during that year.
- Net Investment Hedges CTA Gains (Losses), Net of Tax
- The available data show a loss of 31 million USD in 2019 and a gain of 55 million USD in 2020, followed by an absence of values in 2021 and a 19 million USD loss in 2022. This inconsistency and incomplete data make it difficult to identify a clear trend, but the variation indicates the impact of hedging activities on comprehensive income fluctuated significantly over time.
- Unrealized Gains (Losses) on Cash Flow Hedges, Net of Tax
- This item was positive at 288 million USD in 2018 but turned negative in 2019 (-173 million USD) and 2020 (-325 million USD). It reversed sharply to a positive 496 million USD in 2021 but declined again to a negative 84 million USD in 2022. The volatility in this hedge-related component suggests fluctuating market conditions affecting cash flow hedges across the years.
- Unrealized Gains (Losses) on Investments, Net of Tax
- Data begins in 2019 with a small gain of 10 million USD, decreasing slightly to 7 million USD in 2020 before turning negative in 2021 (-76 million USD) and further declining to -384 million USD in 2022. This trend reflects increasing unrealized losses on investments, particularly pronounced in the later years.
- Other Comprehensive Income (Loss), Net of Tax
- Other comprehensive income showed a positive 220 million USD in 2018 but moved into negative territory in 2019 (-251 million USD) and 2020 (-311 million USD). It returned to a positive 348 million USD in 2021 but dropped sharply to -792 million USD in 2022, indicating significant variability and large negative impacts in the latest year.
- Comprehensive Income
- Comprehensive income grew from 2,277 million USD in 2018 to a high of 4,517 million USD in 2021, supported by strong net income and positive other comprehensive income elements in that year. However, it declined sharply to 1,627 million USD in 2022, mirroring the fall in net income and substantial negative adjustments from other comprehensive income components, particularly currency translations and investment losses.
Overall, the financial data reveal a period of increasing profitability and favorable comprehensive income adjustments until 2020 and 2021, followed by marked volatility and decreases in both net income and comprehensive income in 2022. Adverse foreign currency effects and investment-related losses significantly contributed to the deterioration in the latest year.