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: Assets
- Analysis of Solvency Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Amphenol Corp., consolidated statement of comprehensive income
US$ in thousands
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).
- Net Income
- The net income demonstrates a consistent upward trend from 2019 to 2023. Beginning at 1,164,000 thousand US dollars in 2019, it increased moderately to 1,213,300 thousand in 2020. The growth accelerated substantially in 2021 and 2022, reaching 1,601,500 and 1,916,800 thousand respectively. The figure slightly moderated but remained strong at 1,945,500 thousand in 2023, indicating overall profitability improvement across the period.
- Foreign Currency Translation Adjustments
- This component exhibits significant volatility over the observed years. A negative adjustment of 40,800 thousand US dollars occurred in 2019, which shifted to a positive impact of 155,000 thousand in 2020. However, the subsequent two years saw sharp declines with negative adjustments of 64,600 and 265,200 thousand in 2021 and 2022 respectively. The adjustment nearly neutralized in 2023 with a minor negative figure of 900 thousand.
- Unrealized Gain (Loss) on Hedging Activities
- This item shows minor fluctuations. It registered a small gain of 100 thousand in 2019, followed by a modest loss of 200 thousand in 2020. The values for 2021 are missing, and in 2022 there was a further small loss of 100 thousand. No data is available for 2023. Overall, the impact appears limited and somewhat inconsistent.
- Pension and Postretirement Benefit Plan Adjustment
- This adjustment demonstrates increasing positive values over the period, starting slightly negative in 2019 at -400 thousand, then turning positive at 1,700 thousand in 2020. A marked increase occurred in 2021, with the adjustment reaching 57,800 thousand. The values declined but remained positive in 2022 and 2023, registering 11,800 and 1,100 thousand respectively. This indicates some fluctuations but generally favorable adjustments in pension-related accounting items.
- Other Comprehensive Income (Loss), Net of Tax
- This item experienced considerable variation, with a negative impact of 41,100 thousand in 2019 turning into a substantial positive of 156,500 thousand in 2020. The next two years, 2021 and 2022, saw negative amounts of 6,800 and 253,500 thousand, respectively. In 2023, the figure returned near neutral with a slight positive balance of 200 thousand. The changes reflect the combined influence of foreign currency and pension adjustments alongside other comprehensive elements.
- Comprehensive Income
- Comprehensive income steadily increased from 1,122,900 thousand in 2019 to 1,945,700 thousand in 2023. A notable peak occurred in 2020 at 1,369,800 thousand, with intermittent fluctuations but an overall positive trajectory. The increases indicate a strengthening overall financial performance when incorporating both net income and comprehensive income components.
- Comprehensive Income Attributable to Noncontrolling Interests
- The amounts attributed to noncontrolling interests show negative values throughout the timeline, increasing in magnitude notably in 2023 to -16,300 thousand from less negative figures in previous years. This suggests a growing share of losses or reductions attributable to minority interests in the company.
- Comprehensive Income Attributable to Amphenol Corporation
- The component attributable to the corporation itself follows the upward trend of overall comprehensive income, rising from 1,114,300 thousand in 2019 to 1,929,400 thousand in 2023. This reflects consistent profitability and improved returns to the primary stakeholders over the period.