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.
Fair Isaac Corp., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30).
- Net Income
- Net income exhibited a generally positive upward trend over the six-year period. Starting at 192,124 thousand US dollars in 2019, it increased significantly to 236,411 in 2020, then surged to 392,084 in 2021. There was a slight decline in 2022 to 373,541 thousand US dollars before it resumed growth reaching 429,375 in 2023 and 512,811 in 2024. This demonstrates overall strong profitability with a notable peak in 2021 before a modest decrease and subsequent recovery.
- Foreign Currency Translation Adjustments
- The foreign currency translation adjustments showed considerable volatility throughout the years. The adjustment was negative in 2019 (-13,664 thousand US dollars) but then flipped to positive figures in 2020 and 2021, with 7,090 and 7,141 thousand US dollars respectively. However, in 2022, there was a pronounced negative adjustment of -48,848 thousand US dollars. Afterward, the values again turned positive, with 22,557 in 2023 and 10,516 thousand US dollars in 2024. This pattern signifies fluctuating foreign exchange impacts on the financials, with a substantial adverse effect in 2022 followed by recovery.
- Other Comprehensive Income (Loss)
- The other comprehensive income/loss closely mirrored the foreign currency translation adjustments each year, indicating that foreign currency translation is the predominant component of other comprehensive income. The trend from negative to positive adjustments and the significant drop in 2022 are consistent with the currency translation impacts described above.
- Comprehensive Income
- Comprehensive income generally increased over time but exhibited some variability. It rose from 178,460 thousand US dollars in 2019 to 243,501 in 2020, then saw a strong increase to 399,225 in 2021. Unlike net income, comprehensive income declined more sharply in 2022 to 324,693 thousand US dollars, impacted likely by significant negative foreign currency translation adjustments. It then rebounded to 451,932 in 2023 and continued rising to 523,327 thousand US dollars in 2024. Overall, comprehensive income reflects the combined trends of net income growth and fluctuations in foreign currency translation effects.