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.
Chipotle Mexican Grill Inc., consolidated statement of comprehensive income
US$ in thousands
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).
The financial data reveals a consistently positive performance trajectory in net income over the five-year period. Net income demonstrates a strong upward trend, increasing each year from $355,766 thousand in 2020 to $1,534,110 thousand in 2024. This significant growth suggests enhanced profitability and possibly successful operational strategies or market expansion during the timeframe.
Foreign currency translation adjustments, reflecting the impact of exchange rate fluctuations on financial results, display volatility without a clear directional trend. Values range from positive $1,134 thousand in 2020 to negative $3,625 thousand in 2024, including negative adjustments in 2021 and 2022. The fluctuations indicate exposure to foreign currency risk that varies annually, which may affect the overall comprehensive income but does not overshadow the strong net income growth.
Other comprehensive income (loss), net of income taxes, aligns exactly with the foreign currency translation adjustments, implying that these adjustments are the sole components of other comprehensive income within the data provided. This coherence confirms that the comprehensive income variations beyond net income are driven exclusively by foreign currency effects.
Comprehensive income closely follows the pattern of net income, exhibiting substantial growth from $356,900 thousand in 2020 to $1,530,485 thousand in 2024. The minor differences between net income and comprehensive income, attributable to currency translation adjustments, do not significantly alter the overall positive trend.
In summary, the data indicates robust profitability growth over the five years, with comprehensive income strongly supported by net income gains. Currency translation impacts introduce some variability but remain relatively small in relation to the company’s expanding earnings base.