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.
Paying user area
Try for free
Carnival Corp. & plc pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- 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 to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Return on Equity (ROE) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Carnival Corp. & plc for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Carnival Corp. & plc, consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).
- Net Income (Loss)
- The net income exhibited a positive and relatively strong performance in 2018 and 2019, recording $3,152 million and $2,990 million, respectively. However, there was a significant decline beginning in 2020, when the net income turned negative, showing a substantial loss of $10,236 million. This negative trend continued over the following years, with losses of $9,501 million in 2021 and $6,093 million in 2022. By 2023, the net loss markedly decreased to $74 million, indicating a notable recovery from the prior years’ substantial losses.
- Change in Foreign Currency Translation Adjustment
- This item fluctuated noticeably over the periods. It showed a negative impact in 2018 and 2019 with losses of $199 million and $86 million, respectively. A reversal occurred in 2020, with a positive adjustment of $578 million. Subsequently, this item fluctuated between negative and positive values: a negative $118 million in 2021 and an increased negative impact of $503 million in 2022, before turning positive again in 2023 with $52 million. These variations suggest exchange rate volatility influencing the overall financial results.
- Other Comprehensive Income (Loss)
- Other comprehensive income also experienced significant fluctuations. After minor positive and negative values in 2018 and 2019, a notable positive spike occurred in 2020 ($630 million). This was followed by downturns in 2021 and 2022, with losses of $66 million and $481 million, respectively. In 2023, a recovery is evident with a gain of $44 million. The movements in this category parallel changes in foreign currency translation, contributing to overall comprehensive income volatility.
- Comprehensive Income (Loss)
- The comprehensive income followed the same general trend as net income, with solid gains in 2018 and 2019 ($2,986 million and $2,873 million) before sharply deteriorating into negative territory from 2020 onwards. The largest negative comprehensive income was recorded in 2020 and 2021 (approximately -$9,600 million and -$9,567 million). Losses persisted in 2022 but decreased to -$6,574 million, and by 2023, the comprehensive loss nearly reached break-even at -$30 million. This overall trend indicates that despite severe losses caused by operational and external factors, the situation improved substantially by the latest period.