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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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
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United Airlines Holdings Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 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), 10-K (reporting date: 2020-12-31).
- Net Income (Loss)
- The net income displayed a significant recovery trend over the observed period. Initially, there was a substantial loss of $7,069 million in 2020, which narrowed dramatically to a loss of $1,964 million in 2021. By 2022, net income turned positive at $737 million and continued to increase to $2,618 million in 2023 and $3,149 million in 2024. This indicates a strong turnaround from a deep loss to consistent profitability.
- Employee Benefit Plans
- The values associated with employee benefit plans fluctuated considerably. Starting with a negative figure of $421 million in 2020, the amount turned positive to $199 million in 2021 and peaked at $1,145 million in 2022. However, it fell sharply to a negative $261 million in 2023 before rebounding to $247 million in 2024. This volatility suggests changes in pension-related expenses or actuarial adjustments over the years.
- Investments and Other
- Investments and other items showed minor and somewhat inconsistent values, ranging from a small negative $2 million in 2021 to negative $28 million in 2022, before improving to $24 million in 2023 and slightly declining to $3 million in 2024. These fluctuations appear relatively marginal compared to other financial line items.
- Other Comprehensive Income (Loss), Net of Tax
- The pattern in other comprehensive income mirrors that of employee benefit plans, suggesting a close relationship between the two. There was a loss of $421 million in 2020, turning into gains of $197 million in 2021 and surging to $1,117 million in 2022. This was followed by a loss of $237 million in 2023 and a recovery to $250 million in 2024. The shifting amounts highlight volatility in components of comprehensive income such as actuarial gains/losses or foreign currency adjustments.
- Comprehensive Income (Loss), Net
- Comprehensive income, which combines net income with other comprehensive income, displayed a recovery path consistent with net income improvements. The loss narrowed from $7,490 million in 2020 to $1,767 million in 2021. From 2022 onwards, comprehensive income turned positive and rose steadily, reaching $1,854 million in 2022, $2,381 million in 2023, and $3,399 million in 2024. This trend confirms an overall financial improvement including recognized gains beyond the income statement.