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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- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
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Eli Lilly & Co., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 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).
The statement of comprehensive income reveals significant fluctuations in financial performance over the five-year period. Net income experienced volatility, initially increasing from 2021 to 2022, then decreasing in 2023, followed by substantial growth in both 2024 and 2025. Comprehensive income mirrors this pattern, demonstrating a similar trajectory of initial decline, followed by marked expansion.
- Net Income Trend
- Net income increased from US$5,582 million in 2021 to US$6,245 million in 2022, representing a growth of approximately 11.9%. A subsequent decrease was observed in 2023, with net income falling to US$5,240 million. However, 2024 witnessed a dramatic increase to US$10,590 million, and this upward trend continued into 2025, reaching US$20,640 million. This suggests a period of significant operational improvement or favorable market conditions in the later years.
- Foreign Currency Translation Impact
- The impact of foreign currency translation was consistently negative in 2021, 2022, and 2024, resulting in deductions of US$123 million, US$324 million, and US$571 million respectively. However, positive impacts were recorded in 2023 (US$55 million) and 2025 (US$1,241 million). This indicates fluctuating exchange rates and their effect on the consolidation of international earnings.
- Retirement Benefit Plans
- Retirement benefit plans exhibited considerable variability. Significant gains were reported in 2021 (US$2,167 million) and 2022 (US$521 million), followed by a substantial loss in 2023 (US$635 million). Gains were then observed in 2024 (US$519 million), but diminished in 2025 to US$192 million. These fluctuations likely reflect changes in actuarial assumptions, market conditions affecting pension fund investments, or modifications to the benefit plans themselves.
- Other Comprehensive Income (Loss)
- Other comprehensive income (loss), net of taxes, showed a substantial decrease from US$2,153 million in 2021 to US$499 million in 2022. A loss was recorded in 2023 (US$482 million), followed by a minimal gain in 2024 (US$5 million). A significant increase was then observed in 2025, reaching US$1,442 million. This component demonstrates considerable volatility and contributes significantly to the overall comprehensive income.
- Comprehensive Income vs. Net Income
- While net income and comprehensive income generally move in the same direction, the difference between the two is notable. The inclusion of other comprehensive income components significantly alters the overall financial picture, particularly in years where these components are substantial, such as 2021 and 2025. This highlights the importance of considering comprehensive income alongside net income for a complete assessment of financial performance.
Overall, the period demonstrates a company experiencing increasing profitability, particularly in the latter years, but with considerable volatility in components of other comprehensive income and retirement benefit plans. The impact of foreign currency translation also warrants monitoring.