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
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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EQT Corp., consolidated statement of comprehensive income
US$ in thousands
Based on: 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), 10-K (reporting date: 2017-12-31).
The financial data reveals distinct trends in profitability and comprehensive income over the five-year period. Net income experienced a significant decline from a positive figure in 2017 to substantial losses in the subsequent years through 2021. Specifically, net income decreased from approximately $1.86 billion in 2017 to negative amounts ranging between roughly $967 million and $2 billion during 2018 to 2021. This trajectory indicates a sustained period of financial challenges.
Comprehensive income, which incorporates net income and other comprehensive items, mirrored the net income trend, moving from a positive figure of about $1.85 billion in 2017 into negative territory throughout 2018 to 2021. The comprehensive income attributable to the corporation showed a considerable decline, shifting from positive $1.5 billion in 2017 to negative figures that stabilized near the $1 billion mark in losses by 2021.
Other comprehensive income (loss), net of tax, fluctuated over the period with negative values in the early years transitioning to small positive or near-neutral values in 2019 and then a return to minor positive adjustments by 2021. The components contributing to these changes include net effects related to natural gas and interest rates, cash flow hedges, postretirement benefit adjustments, and changes in accounting principles. Specifically, the liability adjustment for other postretirement benefits showed variability but ended 2021 with a positive adjustment of $744 thousand.
The comprehensive income attributable to noncontrolling interests showed a reduction in the negative contributions from 2017 to 2018, absence of data in 2019, a marginal positive figure in 2020, and a small negative figure in 2021. This suggests some volatility in the portion of comprehensive income related to minority interests within the company.
Overall, the data reflects a challenging financial environment with consistent net losses after 2017, negatively impacting the overall income and equity attributable to the corporation’s shareholders. The other comprehensive income components displayed some stabilization and minor recovery, indicating limited offsets to the net income losses through comprehensive income.
- Net Income (Loss)
- Declined sharply from a significant profit in 2017 to large losses across the following years.
- Comprehensive Income (Loss)
- Followed net income trends with a strong decline, highlighting overall financial difficulties.
- Other Comprehensive Income (Loss), Net of Tax
- Showed variability with negative values early on, transitioning to small positive net effects towards 2021.
- Postretirement Benefits Liability Adjustment
- Fluctuated but concluded with a positive adjustment in 2021, suggesting changes in estimated obligations or assumptions.
- Comprehensive Income Attributable to Noncontrolling Interest
- Displayed variability and moderate negative impact over the period, indicating changing minority interest effects.