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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- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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Constellation Brands Inc., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
- Net Income (Loss)
- Net income demonstrates a generally volatile pattern over the analyzed six-year period. Starting at 1,539,200 thousand USD in 2017, it increased substantially to a peak of 3,459,100 thousand USD in 2019. However, a significant decline occurred in 2020, bringing net income down to 21,400 thousand USD. This was followed by a partial recovery in 2021 to 2,031,800 thousand USD, and then a sharp drop again to just 1,000 thousand USD in 2022.
- Foreign Currency Translation Adjustments
- This component shows considerable fluctuations, moving from a positive 22,100 thousand USD in 2017 to a peak of 153,800 thousand USD in 2018. After 2018, it turned negative with -196,800 thousand USD in 2019, improved to 60,800 thousand USD in 2020, but reverted again to negative values in 2021 (-56,000 thousand USD) and 2022 (-40,400 thousand USD).
- Unrealized Gain (Loss) on Cash Flow Hedges
- Unrealized gains and losses on cash flow hedges also show volatility. The figures increased from 7,800 thousand USD in 2017 to a high of 55,500 thousand USD in 2018, before declining in subsequent years to negative values of -20,900 thousand USD in 2021 and further to -27,800 thousand USD in 2022. This indicates growing unrealized losses in recent years.
- Unrealized Gain (Loss) on Available-for-Sale Debt Securities
- Data is sporadic in this category. A small gain of 500 thousand USD was noted in 2017, followed by a slight loss of 200 thousand USD in 2018, and a gain of 2,500 thousand USD in 2019. No data is available for later years, making trend analysis limited.
- Pension/Postretirement Adjustments
- These adjustments have been relatively minor and fluctuated near zero. The range spans from a positive 11,600 thousand USD in 2017 to a negative 1,600 thousand USD in 2021, with a slight positive movement to 300 thousand USD in 2022, indicating minor impact on comprehensive income.
- Share of Other Comprehensive Income (Loss) of Equity Method Investments
- Information is missing for 2017 and 2018. Available data shows a positive figure of 29,600 thousand USD in 2019, followed by negative amounts in 2020 (-10,100 thousand USD), 2021 (-1,800 thousand USD), and 2022 (-12,500 thousand USD), reflecting deterioration in investment-related comprehensive income after 2019.
- Other Comprehensive Income (Loss), Net of Income Tax Effect
- This metric fluctuated significantly, starting at 42,000 thousand USD in 2017 and increasing sharply to 208,000 thousand USD in 2018. It then plunged to a negative 152,800 thousand USD in 2019, rose again to 90,500 thousand USD in 2020, and reverted to negative values of approximately -80,300 thousand USD in both 2021 and 2022, illustrating marked volatility in other comprehensive income components.
- Comprehensive Income (Loss)
- Comprehensive income generally mirrors the trends in net income but with pronounced volatility. It increased from 1,581,200 thousand USD in 2017 to a peak of 3,306,300 thousand USD in 2019. A sharp decline occurred in 2020, falling to 111,900 thousand USD. The amount rose again in 2021 to 1,951,500 thousand USD, before turning negative at -79,400 thousand USD in 2022, indicating an overall loss in that year.
- Comprehensive (Income) Loss Attributable to Noncontrolling Interests
- Attributable comprehensive income to noncontrolling interests switched from a small positive 6,600 thousand USD in 2017 to negative figures thereafter, reaching -38,200 thousand USD in 2022, suggesting increasing losses or reductions in interests held by noncontrolling shareholders over time.
- Comprehensive Income (Loss) Attributable to Constellation Brands Inc.
- Attributable comprehensive income shows high variation consistent with total comprehensive income patterns. It rose from 1,587,800 thousand USD in 2017 to a high of 3,284,900 thousand USD in 2019, decreased sharply to 75,800 thousand USD in 2020, rebounded to 1,928,800 thousand USD in 2021, and declined sharply to a negative 117,600 thousand USD in 2022. This points to significant fluctuations in financial performance attributable to the company across the periods.