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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- Income Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
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Altria Group Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 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), 10-K (reporting date: 2019-12-31).
The financial data indicates significant fluctuations in earnings and comprehensive income over the analyzed period. The net earnings (losses) show a marked recovery from a substantial loss in 2019 to strong positive earnings in subsequent years, with a steady increase from 4454 million USD in 2020 to 8130 million USD in 2023.
Benefit plans exhibit volatility with negative values in 2019, 2020, and 2023, and a notable positive spike in 2021. This suggests varying impacts from employee benefit-related expenses or income over the years.
The ABI figures reveal considerable instability, starting with negative values in 2019 and 2020, turning positive in 2021, and maintaining moderately positive levels through 2022 and 2023. This pattern suggests improving performance or asset-related adjustments commencing in 2021.
Currency translation adjustments and other components display minor fluctuations without a consistent trend, indicating that foreign exchange impacts or similar factors have had a variable but limited impact on overall earnings.
Other comprehensive earnings (losses), net of deferred income taxes, align with the trends observed in ABI and benefit plans, showing significant negative values in 2019 and 2020, then positive values in 2021 followed by smaller positives in the subsequent years. It reflects improvements in comprehensive income related to items outside net earnings, albeit with reduced magnitude over time.
Comprehensive earnings (losses) demonstrate a transition from a large loss in 2019 to consistently positive and rising values from 2020 through 2023, indicating overall improvement in total income including both net earnings and other comprehensive income components.
Comprehensive losses attributable to noncontrolling interests are minimal and only reported in 2019 and 2020, which suggests that the majority of comprehensive earnings or losses are attributable to the parent entity.
The comprehensive earnings attributable to the entity mirror the overall comprehensive earnings trend, confirming the increasing profitability and stronger financial performance each year from 2020 onwards.