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.
Take-Two Interactive Software Inc., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).
The financial data indicates significant fluctuations and notable trends in the company's income and comprehensive income over the analyzed periods. The net income figures demonstrate a positive and increasing trend initially, reaching a peak in March 31, 2021, followed by a sharp decline leading to substantial losses in the subsequent years.
- Net Income (Loss)
- Net income showed growth from 404,459 thousand USD in 2020 to 588,886 thousand USD in 2021, indicating strong profitability during this period. However, this was followed by a decline to 418,022 thousand USD in 2022 and a significant shift to net losses of 1,124,700 thousand USD in 2023, worsening further to losses of 3,744,200 thousand USD in 2024 and 4,478,900 thousand USD in 2025. This progression suggests deteriorating operational or market conditions impacting profitability.
- Other Comprehensive Income Items
- The foreign currency translation adjustment fluctuated considerably, moving from a negative adjustment of (27,445) thousand USD in 2020 to a positive 51,253 thousand USD in 2021, then reverting to negative figures in the following years, before slightly improving again in 2024 and 2025. This pattern reflects volatility in exchange rate impacts on the company's consolidated results.
- Changes in unrealized gains and fair value adjustments showed inconsistent trends with some missing data in later years, suggesting less relevance or reporting on these components in the latest periods.
- Other comprehensive income broadly followed the trend of foreign currency translation effects, recording negative outcomes in 2020, 2022, 2023, and a recovery to a positive 8,200 thousand USD in 2024 and 2025, indicating some stabilization in comprehensive income components despite ongoing net losses.
- Comprehensive Income (Loss)
- Comprehensive income largely mirrors the net income trajectory, highlighting a peak performance in 2021 at 638,598 thousand USD, followed by a sharp reversal to losses starting in 2023 at 1,180,700 thousand USD, and severe negative values in 2024 and 2025. This aligns with the underlying operational challenges suggested by the net income data, compounded by currency fluctuations and other comprehensive income factors.
Overall, the data reveals a transition from robust earnings toward significant financial challenges in recent years, with both net income and comprehensive income showing deteriorating performance. The volatility in currency translation adjustments and other comprehensive income components further influences the exacerbation of financial results. Monitoring and investigating the drivers of the sharp decline post-2021 would be essential for understanding and addressing the underlying issues faced.