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.
Dollar General Corp., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
The financial performance over the observed six-year period exhibits a trajectory of significant growth followed by a sharp contraction, with comprehensive income closely mirroring net income trends. A peak in profitability was reached in 2021, followed by a period of relative stabilization and a subsequent decline in the most recent fiscal year.
- Net Income Volatility
- Net income grew from US$ 1,589,472 thousand in 2019 to a peak of US$ 2,655,050 thousand in January 2021. Following this peak, figures remained relatively elevated through 2022 and 2023, though a downward shift began in 2022. A substantial contraction is observed by February 2, 2024, where net income fell to US$ 1,661,274 thousand, effectively returning to levels seen in the 2019-2020 period.
- Other Comprehensive Income (OCI) Impact
- Other comprehensive income, consisting primarily of unrealized net gains or losses on hedged transactions and currency translation, remained immaterial relative to total comprehensive income. This figure was remarkably stable between 2019 and 2022, hovering around US$ 971 thousand to US$ 974 thousand. A peak of US$ 1,235 thousand was recorded in 2023, followed by a decrease to US$ 450 thousand in 2024.
- Comprehensive Income Correlation
- Comprehensive income displays a near-perfect correlation with net income, as the OCI component represents a negligible fraction of the total. The overall comprehensive income trend follows the same arc as net income, peaking at US$ 2,656,022 thousand in 2021 and declining to US$ 1,661,724 thousand by 2024. This indicates that the comprehensive financial results are driven almost exclusively by operational net earnings rather than external valuation adjustments or currency fluctuations.
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