Name: Generac Holdings Inc. (NYSE:GNRC) | 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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Generac Holdings Inc., consolidated statement of comprehensive income

US$ in thousands

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income	556,569)	347,218)	252,308)	241,220)	161,135)
Foreign currency translation adjustment	(41,030)	4,948)	2,210)	(5,976)	15,191)
Net unrealized gain (loss) on derivatives	20,529)	(14,285)	(13,855)	2,924)	3,712)
Pension liability adjustment	—)	—)	10,541)	437)	62)
Other comprehensive income (loss)	(20,501)	(9,337)	(1,104)	(2,615)	18,965)
Comprehensive income	536,068)	337,881)	251,204)	238,605)	180,100)
Comprehensive (income) loss attributable to noncontrolling interests	(5,496)	364)	635)	(1,647)	(5,549)
Comprehensive income attributable to Generac Holdings Inc.	530,572)	338,245)	251,839)	236,958)	174,551)

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).

The financial results from 2017 through 2021 demonstrate a period of significant growth in net earnings, offset by increasing volatility in other comprehensive income components.

Net Income Trajectory: A consistent upward trend in net income is observed, starting at 161.1 million US dollars in 2017 and reaching 556.6 million US dollars by 2021. The growth rate accelerated sharply in the final year of the period, indicating a substantial expansion in profitability.
Analysis of Other Comprehensive Income (OCI): Other comprehensive income shifted from a positive 18.9 million US dollars in 2017 to a consistent negative trend, ending with a loss of 20.5 million US dollars in 2021. This divergence suggests that while operational profitability increased, non-operational financial adjustments exerted downward pressure on total comprehensive income.
Foreign Exchange and Derivative Impact: Foreign currency translation adjustments exhibited high volatility, moving from a gain of 15.2 million US dollars in 2017 to a significant loss of 41.0 million US dollars in 2021. Net unrealized gains or losses on derivatives similarly fluctuated, recording losses in 2019 and 2020 before returning to a gain of 20.5 million US dollars in 2021.
Comprehensive Income Attribution: Comprehensive income attributable to the parent entity grew from 174.6 million US dollars in 2017 to 530.6 million US dollars in 2021. The impact of noncontrolling interests remained relatively marginal compared to the scale of the overall comprehensive income growth.

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