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.
Builders FirstSource Inc., consolidated statement of comprehensive income
US$ in thousands
Based on: 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), 10-K (reporting date: 2018-12-31).
A significant and accelerating upward trajectory in profitability is observed between 2018 and 2022. The growth pattern indicates a transition from steady incremental gains in the early period to exponential increases in the latter years.
- Net Income Performance
- Net income grew modestly between 2018 and 2019, followed by a more pronounced increase in 2020. A substantial surge occurred in 2021, where net income rose from 313,537 thousand US dollars to 1,725,416 thousand US dollars. This growth continued into 2022, reaching 2,749,369 thousand US dollars, representing a total increase of approximately 1,240% over the five-year period.
- Comprehensive Income Composition
- Comprehensive income remains identical to net income for all reporting periods. The absence of values for other comprehensive income suggests that there were no significant unrealized gains or losses, foreign currency translation adjustments, or other comprehensive pension adjustments impacting the total comprehensive income during this timeframe.
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