Name: Fidelity National Information Services Inc. (NYSE:FIS) | 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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Fidelity National Information Services Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net earnings	(16,708)	424)	164)	303)	881)
Foreign currency translation adjustments	(1,682)	(697)	1,034)	406)	(120)
Change in fair value of net investment hedges	1,034)	878)	(951)	26)	—)
Other adjustments	36)	14)	7)	(35)	4)
Other comprehensive earnings (loss), net of tax	(612)	195)	90)	397)	(116)
Comprehensive earnings	(17,320)	619)	254)	700)	765)
Comprehensive earnings attributable to noncontrolling interest	(12)	(7)	(6)	(5)	(17)
Comprehensive earnings attributable to FIS common stockholders	(17,332)	612)	248)	695)	748)

Based on: 10-K (reporting date: 2022-12-31), 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).

An analysis of the five-year comprehensive income trajectory reveals a period of moderate volatility followed by a severe financial contraction in the final year. The progression from 2018 to 2022 is characterized by a significant collapse in profitability and an increase in comprehensive losses.

Net Earnings Trends: Net earnings experienced a steady decline between 2018 and 2020, falling from 881 million to 164 million. Although a recovery was noted in 2021 with earnings increasing to 424 million, the 2022 fiscal year recorded a substantial net loss of 16,708 million, representing a critical downturn in operational profitability.
Other Comprehensive Income (OCI) Components: Components of other comprehensive earnings exhibited high variability. Foreign currency translation adjustments fluctuated from a high of 1,034 million in 2020 to a loss of 1,682 million in 2022. Meanwhile, the fair value of net investment hedges shifted from a loss of 951 million in 2020 to a gain of 1,034 million in 2022. Overall, other comprehensive earnings transitioned from a gain of 195 million in 2021 to a loss of 612 million in 2022.
Comprehensive Earnings and Attribution: Comprehensive earnings remained positive from 2018 through 2021, with the lowest positive point occurring in 2020 at 254 million. This trend reversed sharply in 2022, resulting in a total comprehensive loss of 17,320 million. The vast majority of this loss, totaling 17,332 million, was attributable to common stockholders, while the noncontrolling interest share of the loss remained relatively marginal at 12 million.

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