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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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Analysis of Debt
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Colgate-Palmolive Co., consolidated statement of comprehensive income
US$ in millions
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).
The financial data reveals several key trends over the five-year period from 2018 to 2022.
- Net income including noncontrolling interests
- The net income showed moderate fluctuations, increasing from 2,558 million USD in 2018 to a peak of 2,860 million USD in 2020. However, subsequent years experienced a decline, with net income falling to 2,338 million USD in 2021 and 1,967 million USD in 2022, indicating a downward trend in profitability towards the end of the period.
- Cumulative translation adjustments
- This item demonstrated volatility and generally negative values across the years, starting at -237 million USD in 2018, improving briefly to a positive 25 million USD in 2019, but then reverting to negative figures again in the following years. The values were -24 million USD in 2020, -193 million USD in 2021, and -146 million USD in 2022, suggesting ongoing currency translation losses impacting the comprehensive income.
- Retirement plan and other retiree benefit adjustments
- These adjustments fluctuated significantly, beginning at 38 million USD in 2018, turning negative in 2019 (-100 million USD) and 2020 (-40 million USD), then reversing sharply to positive 134 million USD in 2021 and increasing further to 413 million USD in 2022. This indicates a considerable improvement in retirement-related benefit valuations or assumptions during the latter years.
- Gains (losses) on cash flow hedges
- This item showed relatively minor variations, with a small gain of 10 million USD in 2018 declining to a loss of 12 million USD in 2019 and a slight loss of 2 million USD in 2020. Gains resumed in 2021 (16 million USD) and improved markedly to 60 million USD in 2022, suggesting more effective hedging strategies or favorable market conditions impacting cash flow hedges.
- Other comprehensive income (loss), net of tax
- Other comprehensive income exhibited a generally negative pattern from 2018 through 2021, with losses diminishing over time from -189 million USD in 2018 to -43 million USD in 2021. Notably, there was a significant positive shift in 2022 to 327 million USD, reflecting an improvement in the components affecting other comprehensive income net of tax.
- Comprehensive income including noncontrolling interests
- Comprehensive income echoed the trend in net income, peaking at 2,794 million USD in 2020, then declining to 2,295 million USD in 2021 and marginally lower to 2,294 million USD in 2022. This indicates that overall comprehensive income contracted after 2020 but stabilized somewhat in the final year analyzed.
- Comprehensive income attributable to noncontrolling interests
- Comprehensive income attributable to noncontrolling interests showed a consistent negative contribution from -139 million USD in 2018 to -178 million USD in 2022, with a steady downward trend, implying increasing losses or expenses related to noncontrolling interests.
- Comprehensive income attributable to Colgate-Palmolive Company
- This item closely followed the overall comprehensive income trend, increasing from 2,230 million USD in 2018 to a high of 2,623 million USD in 2020, then decreasing to 2,125 million USD in 2021 and 2,116 million USD in 2022. The decline after 2020 suggests challenges impacting earnings attributable directly to the company.