Name: HP Inc. (NYSE:HPQ) | 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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HP Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Oct 31, 2018	Oct 31, 2017	Oct 31, 2016	Oct 31, 2015	Oct 31, 2014	Oct 31, 2013
Net earnings	5,327)	2,526)	2,496)	4,554)	5,013)	5,113)
Change in unrealized components of available-for-sale securities	(7)	3)	(2)	(15)	5)	(11)
Change in unrealized components of cash flow hedges	531)	(426)	293)	(147)	296)	(89)
Change in unrealized components of defined benefit plans	49)	443)	(508)	21)	(2,292)	2,006)
Change in cumulative translation adjustment	—)	—)	—)	(280)	(112)	(125)
Other comprehensive income (loss), net of taxes	573)	20)	(217)	(421)	(2,103)	1,781)
Comprehensive income	5,900)	2,546)	2,279)	4,133)	2,910)	6,894)

Based on: 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31).

The financial performance from 2013 to 2018 is characterized by significant volatility in both net earnings and other comprehensive income components, resulting in a fluctuating comprehensive income trajectory. While the period ended with a strong recovery in 2018, the intervening years showed a marked contraction in profitability and substantial swings in non-operational financial adjustments.

Net Earnings Trends: Net earnings remained relatively stable between 2013 and 2015, before experiencing a sharp decline in 2016 to 2,496 million USD. This lower plateau persisted through 2017, followed by a substantial recovery in 2018, where net earnings reached a period high of 5,327 million USD. This indicates a cyclical volatility in core profitability over the six-year window.
Volatility of Other Comprehensive Income (OCI): Other comprehensive income exhibited extreme variance, shifting from a gain of 1,781 million USD in 2013 to a loss of 2,103 million USD in 2014. This volatility was primarily driven by the change in unrealized components of defined benefit plans, which swung from a positive 2,006 million USD in 2013 to a negative 2,292 million USD in 2014. OCI remained negative or near-zero until 2018, when it returned to a positive 573 million USD.
Analysis of Specific OCI Components: Cash flow hedges demonstrated persistent instability, with values oscillating between significant gains and losses, notably peaking at 531 million USD in 2018 and hitting a low of -426 million USD in 2017. Cumulative translation adjustments were consistently negative from 2013 to 2015, suggesting ongoing headwinds from currency fluctuations during that period, before the data for this item ceased.
Comprehensive Income Trajectory: Comprehensive income followed a non-linear path, peaking early in 2013 at 6,894 million USD and reaching its lowest point in 2016 at 2,279 million USD. The final year of the analysis shows a strong upward trend, with comprehensive income rising to 5,900 million USD in 2018, driven by the simultaneous recovery of both net earnings and positive contributions from other comprehensive income components.

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