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Statement of Comprehensive Income
Difficulty: Beginner
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.
General Dynamics Corp., Consolidated Statement of Comprehensive Income
USD $ in millions
Based on: 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08), 10-K (filing date: 2015-02-09), 10-K (filing date: 2014-02-07).
| Item | Description | The company |
|---|---|---|
| Net earnings | The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. | General Dynamics Corp.’s net earnings declined from 2015 to 2016 and from 2016 to 2017. |
| Comprehensive income (loss) | Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. | General Dynamics Corp.’s comprehensive income (loss) increased from 2015 to 2016 and from 2016 to 2017. |
