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
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2010
- Current Ratio since 2010
- Price to Operating Profit (P/OP) since 2010
- Aggregate Accruals
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Tesla Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 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).
The statement of comprehensive income reveals significant fluctuations over the five-year period. Net income experienced substantial growth from 2021 to 2023, followed by a marked decline in 2024 and 2025. Comprehensive income mirrors this trend, exhibiting similar growth and subsequent contraction.
- Net Income Trend
- Net income increased dramatically from US$5,644 million in 2021 to US$14,974 million in 2023, representing a more than 165% increase. However, net income decreased significantly to US$7,153 million in 2024 and further to US$3,855 million in 2025. This suggests a potential weakening in core profitability in the latter two years.
- Comprehensive Income Components
- While net income is a primary driver of comprehensive income, other comprehensive income (OCI) components contribute to the overall figure. The OCI fluctuates considerably, with negative values in 2021, 2022, and 2024, and positive values in 2023 and 2025. The largest component of OCI appears to be the foreign currency translation adjustment, which shows volatility throughout the period.
- Foreign Currency Translation Adjustment
- The foreign currency translation adjustment moved from a loss of US$308 million in 2021 to a loss of US$392 million in 2022. It then reversed to a gain of US$198 million in 2023, before becoming a loss of US$539 million in 2024, and finally a gain of US$1,038 million in 2025. This indicates significant exposure to, and volatility in, foreign exchange rates.
- Investment Gains/Losses
- Unrealized net gain (loss) on investments, net of tax, remained relatively small in absolute terms compared to net income and OCI. It fluctuated between a loss of US$23 million in 2022 and a gain of US$16 million in 2023, and a loss of US$7 million in 2025. The realized gains from investments were only reported in 2023, at US$4 million.
- Attributable Income
- Comprehensive income attributable to common stockholders closely follows the overall comprehensive income trend, decreasing from US$15,215 million in 2023 to US$6,564 million in 2024 and US$4,825 million in 2025. The portion attributable to noncontrolling interests remains relatively small, but consistently reduces comprehensive income attributable to common stockholders.
In summary, the period began with strong growth in both net and comprehensive income, but experienced a substantial downturn in the final two years. Fluctuations in foreign currency translation adjustments and the decline in net income are key factors contributing to the overall trend.