Generac Holdings Inc. (NYSE:GNRC)

The analysis of the financial data over the five-year period reveals several notable trends in the company's performance and comprehensive income components.

Net Income

There was a steady increase in net income from 2017 through 2021. The net income rose from $161.1 million in 2017 to $556.6 million in 2021, representing a more than threefold increase during this period. This indicates significant growth in profitability.

Foreign Currency Translation Adjustment

This component showed volatility, with positive and negative values alternating over the years. After a positive adjustment of $15.2 million in 2017, it turned negative in 2018 (-$6.0 million), became slightly positive the next two years, and then sharply negative again in 2021 (-$41.0 million). This fluctuation suggests currency exchange impacts varied greatly year over year, with a particularly adverse effect in 2021.

Net Unrealized Gain (Loss) on Derivatives

The gains and losses related to derivatives also fluctuated. Initially positive in 2017 and 2018 ($3.7 million and $2.9 million respectively), these turned into significant losses in 2019 and 2020 (-$13.9 million and -$14.3 million), before recovering to a large gain of $20.5 million in 2021. This volatility indicates sensitivity to market conditions affecting derivative instruments.

Pension Liability Adjustment

The pension-related adjustments increased notably in 2019 to $10.5 million after smaller amounts in 2017 and 2018, with no data reported for 2020 and 2021. This may reflect changes in pension obligations or accounting recognition during the earlier years.

Other Comprehensive Income (Loss)

This category mirrored the fluctuations seen in currency translation and derivatives, moving from a positive $19.0 million in 2017 to negative values thereafter, reaching -$20.5 million by 2021. The consistent negative trend in later years indicates deteriorating other comprehensive income components.

Comprehensive Income

Total comprehensive income closely followed net income trends, increasing from $180.1 million in 2017 to $536.1 million in 2021. This positive progression reflects the overall growth in financial performance despite volatility in other comprehensive income components.

Comprehensive (Income) Loss Attributable to Noncontrolling Interests

The amounts attributable to noncontrolling interests were relatively small in magnitude and fluctuated between negative and positive values, suggesting minor impact on overall comprehensive income attributable to the company.

Comprehensive Income Attributable to Generac Holdings Inc.

The portion of comprehensive income attributable specifically to the company increased consistently over the period, from $174.6 million in 2017 to $530.6 million in 2021, aligning with the growth trend in net income and indicating increasing shareholder value.

Overall, the data demonstrates strong growth in profitability and comprehensive income over the five years, tempered by volatile foreign currency adjustments and derivative-related results. The rising net income and comprehensive income attributable to the company highlight improving financial strength, despite challenges posed by market and currency fluctuations.