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 Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
- Analysis of Debt
- Aggregate Accruals
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Danaher Corp., 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).
The annual financial data reveals several notable trends over the five-year period. Net earnings exhibited a strong upward trajectory from 2020 to 2022, increasing significantly from 3,646 million US dollars in 2020 to a peak of 7,209 million US dollars in 2022. However, this was followed by a notable decline in 2023 and continued into 2024, where net earnings dropped to 3,899 million US dollars. This indicates a considerable contraction in profitability after a period of growth.
- Foreign currency translation adjustments
- These adjustments show considerable volatility, with a positive value of 2,919 million US dollars in 2020 shifting to negative values in the following years, reaching -2,105 million US dollars in 2022. There was a brief positive adjustment in 2023, but it once again turned negative in 2024 with -1,458 million US dollars, suggesting persistent foreign exchange challenges impacting the financial results.
- Pension and postretirement plan benefit adjustments
- This category shows variability, moving from a negative adjustment of -147 million US dollars in 2020 to a positive 378 million US dollars in 2021. After fluctuating in subsequent years, the adjustment remains positive at 101 million US dollars in 2024. This reflects changing assumptions or conditions pertaining to pension and postretirement obligations but without a clear directional trend.
- Cash flow hedge adjustments
- The adjustments for cash flow hedges also display fluctuation, starting with a negative value of -72 million US dollars in 2020, peaking positively at 247 million in 2021, and then reverting to negative territory by 2024 at -113 million US dollars. This pattern indicates varying hedging effectiveness or changes in the associated financial instruments' fair value over the years.
- Other comprehensive income (loss), net of income taxes
- This item mirrors the volatility seen in other comprehensive items, with a positive 2,700 million US dollars in 2020 shifting to significant net losses in the subsequent years, notably -1,845 million US dollars in 2022 and -1,470 million in 2024. This suggests that components of other comprehensive income have had a considerable negative impact on overall equity during most of the later years.
- Comprehensive income
- Comprehensive income peaked in 2020 at 6,346 million US dollars but has shown a steady decline, falling to 2,429 million US dollars by 2024. This decreasing trend indicates that the combined effect of net earnings and other comprehensive income adjustments is resulting in lower total income comprehensive of all gains and losses.
Overall, the data reflects significant fluctuations in earnings and other comprehensive income components, with earnings growth up to 2022 followed by a decline. Variability in foreign currency translation adjustments and other comprehensive income elements suggests exposure to economic and currency risks. The decline in comprehensive income over the period highlights the growing impact of other comprehensive losses on the financial health of the entity.