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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Caterpillar Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 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).
- Profit of consolidated and affiliated companies
- The profit demonstrated a strong upward trend from 2020 to 2024, increasing from 3,003 million USD in 2020 to 10,788 million USD in 2024. Particularly notable is the significant jump from 6,704 million USD in 2022 to 10,332 million USD in 2023, indicating improved profitability in recent years.
- Foreign currency translation
- This category exhibited considerable volatility across the years. After a positive figure of 577 million USD in 2020, it turned negative in 2021 and 2022 with -598 million USD and -820 million USD respectively. It rebounded to a positive 546 million USD in 2023 but again fell to -528 million USD in 2024. The oscillation suggests exposure to fluctuating currency exchange rates affecting the financial results.
- Pension and other postretirement benefits
- The amounts fluctuated near zero with minor negative values in most years, except for 2022 where a positive 23 million USD was recorded. These small changes indicate relative stability in pension and postretirement benefit expenses or gains during the observed period.
- Derivative financial instruments
- The impact of derivatives showed inconsistency, moving from a positive 97 million USD in 2020 to a slight negative value of -3 million USD in 2021. It turned positive again in 2022 and 2023, before sharply dropping to -113 million USD in 2024. This volatility indicates uncertain outcomes from derivative positions impacting the comprehensive income.
- Available-for-sale securities
- Values fluctuated between small positive and negative amounts, with no clear trend over the years. The data demonstrate limited impact of these securities on the overall financial statements, fluctuating from 34 million USD in 2020 to a low of -138 million USD in 2022 and small figures afterward.
- Other comprehensive income (loss), net of tax
- This line closely mirrors the combined effects of foreign currency translation, derivatives, pension plans, and securities. It shows substantial variation with positive amounts in 2020 and 2023 but significant negative amounts in the intervening years, implying instability in components affecting other comprehensive income.
- Comprehensive income
- Comprehensive income increased substantially from 3,682 million USD in 2020 to a peak of 10,969 million USD in 2023. However, it slightly decreased to 10,137 million USD in 2024. The overall upward trend reflects strong profitability and overall financial performance improvements, with a minor decline in the most recent year.
- Comprehensive (income) loss attributable to the noncontrolling interests
- The amounts attributed to noncontrolling interests remained minimal, ranging from -5 million USD to 4 million USD during the period, suggesting limited influence of minority interests on the comprehensive income.
- Comprehensive income attributable to stockholders
- This measure followed the overall comprehensive income trend closely, rising from 3,677 million USD in 2020 to 10,972 million USD in 2023 and slightly falling to 10,141 million USD in 2024. This indicates that the bulk of the comprehensive income belongs to the company's stockholders and shares the same growth pattern over time.