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: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2007
- Total Asset Turnover since 2007
- Analysis of Debt
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Super Micro Computer Inc., consolidated statement of comprehensive income
US$ in thousands
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 reveals a significant upward trend in net income over the observed periods. Starting from a net income of $71,918 thousand in mid-2019, there is a steady increase reaching $115,266 thousand by mid-2024. Notably, the net income exhibits accelerated growth beginning in mid-2021, with a substantial jump recorded in mid-2022 and continuing through mid-2024.
Foreign currency translation gains and losses, along with other related items, show fluctuating values around the zero mark. The values oscillate slightly between negative and positive amounts but remain comparatively minor relative to net income, indicating limited impact on overall financial performance from currency translation effects.
Net changes in defined benefit obligations are minimal and sporadic, with data appearing only from mid-2022 onwards. These changes are relatively small in magnitude, suggesting a negligible influence on the company’s comprehensive income during the periods presented.
Other comprehensive income (loss), net of tax, mirrors the fluctuations seen in foreign currency translation gains and losses, as well as changes in benefit obligations. This item experiences some variation, including positive and negative adjustments, but these are marginal when compared to net income figures.
Comprehensive income, which aggregates net income and other comprehensive income components, follows a pattern closely aligned with net income. The comprehensive income increases consistently from $71,673 thousand in mid-2019 to $1,152,733 thousand in mid-2024. This trend underscores the dominant contribution of net income to overall comprehensive income growth during the analyzed timeframe.
- Net Income
- Steady increase from 2019 through 2024, with accelerated growth starting in 2021 and continuing to 2024.
- Foreign Currency Translation Gain (Loss) and Other
- Minor fluctuations near zero with limited impact on total income.
- Net Change in Defined Benefit Obligations
- Occasional small changes appearing from 2022, minimal overall effect.
- Other Comprehensive Income (Loss), Net of Tax
- Variable but relatively small, reflecting minor adjustments to overall income.
- Comprehensive Income
- Consistent growth largely driven by net income increases, mirroring net income trends closely.