Name: Take-Two Interactive Software Inc. (NASDAQ:TTWO) | 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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Take-Two Interactive Software Inc., consolidated statement of comprehensive income

US$ in thousands

12 months ended:	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income (loss)	(4,478,900)	(3,744,200)	(1,124,700)	418,022)	588,886)	404,459)
Foreign currency translation adjustment	8,200)	6,700)	(58,900)	(43,589)	51,253)	(27,445)
Change in unrealized gains	—)	—)	—)	—)	(3,817)	10,504)
Reclassification to earnings	—)	—)	—)	—)	(1,933)	(1,689)
Tax effect on effective cash flow hedges	—)	—)	—)	—)	845)	775)
Change in fair value of cash flow hedges	—)	—)	—)	—)	(4,905)	9,590)
Change in fair value of available-for-sale securities	—)	1,500)	2,900)	(5,092)	3,364)	(3,332)
Other comprehensive income (loss)	8,200)	8,200)	(56,000)	(48,681)	49,712)	(21,187)
Comprehensive income (loss)	(4,470,700)	(3,736,000)	(1,180,700)	369,341)	638,598)	383,272)

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 performance exhibits a significant shift from consistent profitability to escalating net losses over the six-year period ending March 31, 2025. Following a peak in net income of approximately US$ 588.9 million in 2021, a sharp downward trajectory began, resulting in substantial deficits that widened from US$ 1.12 billion in 2023 to US$ 4.48 billion by 2025.

Profitability and Comprehensive Income Trends: A stark reversal in earnings is observed. While net income remained positive through 2022, the transition to a loss position in 2023 initiated a period of accelerating financial decline. Comprehensive income closely mirrors the net income trend, as the impact of other comprehensive income items is insufficient to mitigate the scale of the operating losses. By 2025, the comprehensive loss reached US$ 4.47 billion.
Analysis of Other Comprehensive Income (OCI): Other comprehensive income has demonstrated significant volatility, fluctuating between gains and losses. A peak positive contribution of US$ 49.7 million was recorded in 2021, which shifted to a loss of US$ 56.0 million by 2023. In the most recent two fiscal years, OCI stabilized at a modest gain of US$ 8.2 million, indicating that non-operating adjustments have a negligible effect on the overall comprehensive loss position.
Foreign Currency and Hedging Impact: Foreign currency translation adjustments serve as the primary driver of OCI volatility. These adjustments fluctuated from a gain of US$ 51.3 million in 2021 to a loss of US$ 58.9 million in 2023, reflecting exposure to exchange rate volatility. Additionally, reporting for specific hedging activities and unrealized gains ceased after the 2021 and 2022 periods, streamlining the components of comprehensive income in later years.

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