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.
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31).
The financial performance over the observed period is characterized by a consistent and steady increase in net income, which rose from approximately 5.99 billion US$ in 2021 to 8.52 billion US$ by 2026. This upward trajectory indicates sustained operational profitability. Total comprehensive income mirrors this general growth pattern, although its progression is less linear due to the volatility associated with non-operational financial adjustments.
- Net Income Growth
- A consistent year-over-year increase is observed, with net income growing from 5.99 billion US$ in 2021 to 8.52 billion US$ in 2026. This represents a stable expansion of the bottom line, maintaining a positive growth slope throughout the entire period.
- Volatility in Other Comprehensive Income (OCI)
- Other comprehensive income exhibits significant fluctuations, primarily driven by foreign currency translation and defined benefit plan adjustments. A notable contraction occurred in 2022, where OCI fell to negative 791.03 million US$, largely due to a foreign currency translation loss of 897.56 million US$. While OCI returned to positive territory from 2023 through 2026, the values remained inconsistent.
- Impact of Defined Benefit Plans and Hedges
- Defined benefit plans, net of tax, showed alternating results, moving from positive gains in 2021-2023 to a loss in 2024, before increasing significantly to 358.24 million US$ in 2026. Conversely, cash flow hedges remained predominantly negative after 2021, with accelerated losses recorded in 2025 and 2026.
- Comprehensive Income Attribution
- Comprehensive income attributable to noncontrolling interests remained consistently negative throughout the period, widening from negative 84.85 million US$ in 2021 to negative 155.54 million US$ in 2026. Despite these noncontrolling interest losses, the comprehensive income attributable to the parent company demonstrated strong growth, increasing from 6.05 billion US$ in 2021 to 8.46 billion US$ in 2026.
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