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 Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
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AmerisourceBergen Corp., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).
- Net Income (Loss)
- The net income displayed significant volatility over the period. Starting at $364 million in 2017, it surged to over $1.6 billion in 2018, followed by a decrease to approximately $854 million in 2019. There was a sharp reversal in 2020, with a net loss exceeding $3.3 billion. Subsequently, the company returned to profitability with net income around $1.5 billion in 2021 and rose slightly to about $1.7 billion in 2022.
- Foreign Currency Translation Adjustments
- Foreign currency translation adjustments showed a predominantly negative trend across the years except in 2017 when it was positive. From a positive $16.5 million in 2017, it declined to a negative position beginning 2018, reaching a substantial loss of approximately $1.4 billion by 2022. This indicates increasing adverse foreign currency effects over time.
- Loss on Consolidation of Equity Investments
- A specific one-time loss was recorded in 2018 amounting to approximately $46 million. No losses are recorded in other years, indicating this was an isolated event.
- Other, Net
- "Other, net" items fluctuated modestly, with small positive and negative values. A minor positive jump to $4.9 million occurred in 2022 after several years of low or negative values, suggesting some favorable miscellaneous impacts during the latest period.
- Other Comprehensive Income (Loss)
- Other comprehensive income (loss) combined fluctuations in foreign currency effects and other items. After a positive $18 million in 2017, it moved towards negative territory, particularly significantly from 2021 onward, culminating in a substantial loss of approximately $1.4 billion in 2022. This reflects increasing comprehensive losses outside net income, driven largely by currency translation adjustments.
- Comprehensive Income (Loss)
- Comprehensive income followed a trend similar to net income but with amplified losses starting in 2020. From a positive $383 million in 2017, it peaked at over $1.6 billion in 2018, decreased subsequently, and then swung to a large loss nearing $3.4 billion in 2020. Although it partially recovered to about $1.2 billion in 2021, it declined sharply again to approximately $245 million in 2022, signaling overall reduced cumulative profitability once all comprehensive factors are considered.
- Comprehensive (Income) Loss Attributable to Noncontrolling Interests
- Amounts attributable to noncontrolling interests were relatively small and inconsistent compared to total comprehensive income. Values ranged from around $50 million inflow to $68 million outflow over the period, indicating limited but varying impacts from noncontrolling interests on overall comprehensive results.
- Comprehensive Income (Loss) Attributable to AmerisourceBergen Corporation
- Consistent with the total comprehensive income trend, the component attributable to the company itself showed an increase from $383 million in 2017 to about $1.7 billion in 2018, followed by fluctuations and a significant loss in 2020. The post-2020 periods showed recovery but with much diminished comprehensive income, ending at approximately $313 million in 2022. This reduction underscores challenges faced by the company in generating comprehensive gains in recent years.