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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- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
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Becton, Dickinson & Co., consolidated statement of comprehensive income
US$ in millions
Based on: 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), 10-K (reporting date: 2016-09-30).
- Net Income
- The net income exhibits significant variability over the analyzed period. Starting at $976 million in 2016, it increased to $1,100 million in 2017 before sharply declining to $311 million in 2018. A strong recovery is observed in 2019 with net income reaching $1,233 million, followed by a decrease to $874 million in 2020, and a substantial increase to $2,092 million in 2021. This pattern indicates volatility with a general upward trend in the most recent year.
- Foreign Currency Translation Adjustments
- These adjustments fluctuated considerably, beginning with a negative $50 million in 2016. They moved to a positive $11 million in 2017 before dropping sharply to negative $161 million in 2018. The negative trend continued in 2019 and 2020 with values of -$93 million and -$161 million respectively, followed by a notable rebound to a positive $124 million in 2021. This suggests exposure to currency exchange fluctuations that varied widely during this timeframe.
- Defined Benefit Pension and Postretirement Plans
- This item showed high volatility with negative $141 million in 2016 turning positive at $179 million in 2017. Thereafter, values declined to -$26 million in 2018, dropped further to -$275 million in 2019, slightly recovered to -$37 million in 2020, and then improved substantially to $255 million in 2021. The data indicates fluctuating pension and postretirement plan impacts, with recovery noted in the last period.
- Cash Flow Hedges
- Cash flow hedges maintained relatively minor values compared to other items but still showed variability. Starting at $1 million in 2016, it increased to $16 million in 2017, decreased to $1 million again in 2018, turned negative at -$6 million in 2019, further decreased to -$67 million in 2020, and then reversed sharply to $81 million in 2021. These swings suggest active management of cash flow risks with varying effectiveness.
- Other Comprehensive Income (Loss), Net of Tax
- This composite measure experienced substantial fluctuations, beginning with a negative $190 million in 2016, shifting to a positive $206 million in 2017, then falling sharply to a negative $186 million in 2018. The downward trend intensified with -$374 million in 2019 and -$265 million in 2020, but saw a strong recovery to $460 million in 2021. These shifts reflect the combined effects of the components within comprehensive income with notable improvements in the latest year.
- Comprehensive Income
- Comprehensive income trends mirror the variability seen in net income and other comprehensive components. Starting at $786 million in 2016, it rose to $1,306 million in 2017, then declined significantly to $125 million in 2018. Recovery occurred in 2019 with $859 million, followed by a decrease to $609 million in 2020. The figure peaked at $2,552 million in 2021, indicating a strong overall improvement in the company’s total earnings that include both net income and other comprehensive income items.