Name: EMC Corp. (NYSE:EMC) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

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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EMC Corp., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Net income	2,172)	2,894)	3,093)	2,886)	2,609)
Foreign currency translation adjustments	(169)	(135)	(44)	2)	(4)
Net change in market value of investments	(59)	18)	(33)	48)	(26)
Net change in the market value of derivatives	10)	6)	3)	(8)	(95)
Net change in actuarial gain (loss) from pension and other postretirement plans	1)	(16)	43)	(14)	(22)
Other comprehensive income (loss), net of taxes	(217)	(127)	(31)	28)	(146)
Comprehensive income	1,955)	2,767)	3,062)	2,914)	2,463)
Net income attributable to the non-controlling interests	(182)	(180)	(204)	(153)	(148)
Other comprehensive (income) loss attributable to the non-controlling interests	4)	—)	—)	(1)	4)
Comprehensive income attributable to EMC Corporation	1,777)	2,587)	2,858)	2,759)	2,319)

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

The financial performance over the five-year period indicates a cycle of growth followed by a notable contraction. Net income increased steadily from 2011, peaking at 3,093 million USD in 2013, before declining to 2,172 million USD by 2015. This trajectory is mirrored in the comprehensive income, which reached its zenith in 2013 at 3,062 million USD and fell to its lowest period value of 1,955 million USD in 2015.

Net Income and Comprehensive Income Trends: A growth phase is evident between 2011 and 2013, during which net income rose by approximately 18.5%. However, a subsequent downturn occurred, with a significant decrease in net income between 2014 and 2015, marking a decline of approximately 25% in a single fiscal year.
Other Comprehensive Income (OCI) Volatility: Other comprehensive income exhibits significant instability and a general downward trend, primarily driven by foreign currency translation adjustments. These adjustments shifted from a marginal loss of 4 million USD in 2011 to a substantial loss of 169 million USD in 2015, indicating an increasing negative impact from currency fluctuations on the overall financial position.
Market Value Adjustments: The market value of derivatives showed a consistent recovery trend, moving from a loss of 95 million USD in 2011 to a gain of 10 million USD in 2015. In contrast, the market value of investments remained volatile throughout the period, with no clear linear trend, ending 2015 with a loss of 59 million USD.
Attribution to Non-Controlling Interests: Net income attributable to non-controlling interests remained consistently negative, ranging between -148 million USD and -204 million USD. This persistent negative attribution resulted in the comprehensive income attributable to the parent corporation being higher than the total comprehensive income in most observed periods.

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