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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Coca-Cola Co. pages available for free this week:
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Analysis of Profitability Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
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Coca-Cola Co., 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).
- Consolidated Net Income
- The consolidated net income displays a generally positive upward trend from 2020 through 2023, rising from $7,768 million in 2020 to a peak of $10,703 million in 2023. However, a slight decline is observed in 2024, decreasing to $10,649 million, yet it remains significantly higher than the 2020 baseline.
- Net Foreign Currency Translation Adjustments
- This item experiences considerable volatility over the period. Negative adjustments were noted consistently in 2020, 2021, and 2022, with values ranging between -$911 million and -$1,132 million. An unusual positive adjustment of $736 million appears in 2023, followed by a sharp negative swing to -$2,893 million in 2024, indicating significant currency translation losses in the final year analyzed.
- Net Gains (Losses) on Derivatives
- Fluctuations are notable in derivative gains and losses. The figures show modest gains in 2020 ($15 million) and 2022 ($4 million), a substantial gain in 2021 ($214 million), a considerable loss in 2023 (-$178 million), and a return to positive territory in 2024 ($270 million). This suggests a high sensitivity to market conditions or hedging strategies.
- Net Change in Unrealized Gains (Losses) on Available-for-Sale Debt Securities
- The unrealized gains and losses display inconsistency with negative values in 2020 (-$47 million), 2021 (-$90 million), and 2024 (-$63 million), contrasted by positive changes in 2022 ($37 million) and 2023 ($24 million). These fluctuations reflect variable market valuations of debt securities over the years.
- Net Change in Pension and Other Postretirement Benefit Liabilities
- This metric shows considerable variation, moving from a negative change of -$267 million in 2020 to a positive peak of $712 million in 2021, followed by a moderate positive $408 million in 2022. It then dips into negative territory in 2023 (-$109 million) before rebounding to a positive $109 million in 2024, suggesting shifting actuarial assumptions or funding policies.
- Other Comprehensive Income (Loss)
- Other comprehensive income/loss exhibits marked volatility, with losses reported in 2020 (-$1,210 million) and 2022 (-$683 million), and gains in 2021 ($137 million) and 2023 ($473 million). A substantial loss of -$2,577 million occurs in 2024, indicating significant adverse components impacting comprehensive income in that year.
- Comprehensive Income
- Comprehensive income reflects an overall upward trend from 2020 ($6,558 million) to 2023 ($11,176 million), highlighting improved overall earnings including non-net income components. However, a notable decrease to $8,072 million in 2024 shows a deterioration relative to the prior year, though still exceeding the initial 2020 figure.
- Comprehensive (Income) Loss Attributable to Noncontrolling Interests
- The amounts attributable to noncontrolling interests remain relatively minor and stable over the period, fluctuating between $89 million and $158 million from 2020 through 2023, before a slight negative value of -$9 million occurs in 2024, indicating a minor loss allocable to these interests in the final year.
- Comprehensive Income Attributable to Shareowners
- The comprehensive income attributable to shareowners follows a similar trend to total comprehensive income, rising from $6,690 million in 2020 to $11,334 million in 2023, then declining to $8,063 million in 2024. The increase over the early years suggests positive enhancements in both net income and other comprehensive income components benefiting shareholders, with a downturn in 2024 signaling challenges faced during that period.