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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Ulta Beauty Inc. pages available for free this week:
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Debt to Equity since 2008
- Price to Earnings (P/E) since 2008
- Price to Operating Profit (P/OP) since 2008
- Price to Sales (P/S) since 2008
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Ulta Beauty Inc., consolidated statement of comprehensive income
US$ in thousands
| 12 months ended: | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | |||||||||||||
| Foreign currency translation adjustments | |||||||||||||
| Other comprehensive income (loss) | |||||||||||||
| Comprehensive income |
Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).
The financial data reveals several notable trends over the periods analyzed.
- Net Income
- Net income demonstrated an overall upward trajectory from February 3, 2018, through January 28, 2023. The figure increased from approximately $555.2 million in 2018 to roughly $1.24 billion in 2023. However, there is a significant drop in net income reported on January 30, 2021, where the value decreased dramatically to about $175.8 million compared to the prior year. After this low point, net income recovered strongly, escalating to approximately $985.8 million in 2022 and further increasing to $1.24 billion in 2023.
- Foreign Currency Translation Adjustments and Other Comprehensive Income (Loss)
- These components were only reported starting in 2021. Foreign currency translation adjustments and other comprehensive income (loss) both recorded a positive adjustment of 56 thousand US dollars in 2021, followed by a negative adjustment of 56 thousand US dollars in 2022. There was no data available for these items in other years, including 2023.
- Comprehensive Income
- Comprehensive income generally mirrors the trends seen in net income, as expected given the small magnitude of foreign currency translation adjustments and other comprehensive income. It increased from $555.2 million in 2018 to $705.9 million in 2020, dropped sharply to approximately $175.9 million in 2021, then rose again substantially to about $985.8 million in 2022 and reached $1.24 billion by 2023.
In summary, net income and comprehensive income show substantial growth over the examined periods, notwithstanding the pronounced decline in 2021. Foreign currency and other comprehensive income adjustments appear to have minimal impact on overall comprehensive income. The significant dip in 2021 warrants further investigation to understand underlying causes, while the strong recovery in subsequent years highlights resilient financial performance.