Stock Analysis on Net
Stock Analysis on Net

Ecolab Inc. (NYSE:ECL)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 25, 2022.

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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Ecolab Inc., consolidated statement of comprehensive income

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income (loss) attributable to Ecolab, including noncontrolling interest
Foreign currency translation
Separation of ChampionX
Gain (loss) on net investment hedges
Foreign currency translation adjustments
Derivatives and hedging instruments
Current period net actuarial gain (loss)
Settlement charge
Pension and postretirement prior period service benefits
Amortization of net actuarial loss and prior period service credits, net
Postretirement benefits changes
Pension and postretirement benefits
Other comprehensive income (loss), net of tax
Comprehensive income (loss), including noncontrolling interest
Comprehensive income attributable to noncontrolling interest
Comprehensive income (loss) attributable to Ecolab

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).

Net Income (Loss) Attributable to Ecolab, Including Noncontrolling Interest
The net income remained relatively stable from 2017 through 2019, ranging between approximately 1.44 billion and 1.58 billion USD. However, in 2020, there was a substantial decline resulting in a net loss of about 1.19 billion USD. The following year, 2021, showed a recovery with net income rebounding to around 1.14 billion USD.
Foreign Currency Translation and Related Adjustments
Foreign currency translation figures fluctuated throughout the period, beginning with a positive 209 million USD in 2017, turning negative in 2018 and 2019, and then moving back toward a small positive amount by 2020 before slightly declining again in 2021. Foreign currency translation adjustments followed a somewhat similar pattern with positive adjustments in 2017, negative in 2018 and 2019, and positive again in 2020 and 2021, indicating variability in exchange rate impacts over the years.
Separation of ChampionX
A notable one-time item of approximately 230 million USD appears in 2020 corresponding to the separation of ChampionX, suggesting a significant corporate event during that year affecting financial results.
Gain (Loss) on Net Investment Hedges
There were gains and losses on net investment hedges fluctuating each year without a clear directional trend. Gains were observed in 2018, 2019, and 2021, whereas losses occurred in 2017 and 2020.
Derivative and Hedging Instruments
Values from derivatives and hedging instruments oscillated between small gains and losses, with no evident trend, indicating sporadic impacts from these financial instruments over the years.
Current Period Net Actuarial Gain (Loss)
There was a considerable increase in actuarial loss from 2017 through 2019, peaking at a loss of approximately 251 million USD in 2019. This loss reduced in 2020 and shifted to a significant actuarial gain of about 205 million USD in 2021, signaling changes in actuarial assumptions or demographic factors affecting pension calculations.
Settlement Charge
A settlement charge of approximately 27 million USD was recorded in 2021, suggesting specific incurred costs during that period.
Pension and Postretirement Benefits
Postretirement benefits exhibited volatility, with positive and negative figures indicating fluctuations in obligations and related costs. The aggregate pension and postretirement benefits showed negative amounts in 2017, 2019, and 2020, with a remarkable positive spike of about 290 million USD in 2021.
Amortization of Net Actuarial Loss and Prior Period Service Credits, Net
This line item displayed positive values generally fluctuating, with a decline in 2019 to near zero and a rebound in 2020 and 2021, suggesting changing amortization schedules or amounts.
Other Comprehensive Income (Loss), Net of Tax
Other comprehensive income experienced negative results in 2018 and 2019, whereas positive outcomes were recorded in 2017, 2020, and significantly increased in 2021, reflecting swings in components excluded from net income but affecting equity.
Comprehensive Income (Loss), Including Noncontrolling Interest
Comprehensive income largely tracked net income trends: positive from 2017 to 2019, negative in 2020, and rebounding to positive levels in 2021. The magnitude in 2021 was highest within the reported period, indicating strong overall financial performance recovery after the 2020 downturn.
Comprehensive Income Attributable to Noncontrolling Interest
Amounts attributable to noncontrolling interests remained consistently negative but relatively minor compared to the total comprehensive income, indicating limited but steady minority stakeholder impacts.
Comprehensive Income (Loss) Attributable to Ecolab
The majority of comprehensive income fluctuations correspond with trends in net income and other comprehensive income, presenting positive figures from 2017 to 2019, a notable loss in 2020, and a significant recovery in 2021 to levels close to those in 2017 and 2018.