Kinder Morgan Inc. (NYSE:KMI)

The financial data shows notable fluctuations and trends in key income and comprehensive income metrics over the five-year period analyzed.

Net Income

Net income exhibited significant volatility, starting at US$208 million in 2015, experiencing a substantial increase to US$721 million in 2016, followed by a sharp decline to US$223 million in 2017. It then surged dramatically to US$1,919 million in 2018 and further increased to US$2,239 million in 2019. This pattern suggests episodic income generation with particularly strong performance in the last two years.

Fair Value Changes of Hedge Derivatives, Net of Tax

This item showed considerable variability, with a positive change of US$164 million in 2015, turning negative to -US$104 million in 2016, rebounding to a positive US$145 million in 2017 and US$111 million in 2018, and then declining sharply to -US$177 million in 2019. Such fluctuations indicate exposure to market risks affecting hedge derivative valuations.

Reclassification of Change in Fair Value of Derivatives to Net Income, Net of Tax

This metric was consistently negative in the first three years (2015 to 2017), indicating adjustments reducing net income by US$272 million, US$116 million, and US$171 million respectively, then shifted to a positive US$84 million in 2018 and slightly positive US$6 million in 2019. This change may reflect evolving derivative strategies and their impact on reported income.

Foreign Currency Translation Adjustments, Net of Tax

Foreign currency translation adjustments improved steadily from a negative US$214 million in 2015 to positive amounts in subsequent years, peaking at US$141 million in 2018 and decreasing slightly to US$108 million in 2019. This trend suggests a weakening of the domestic currency impact or improved hedging against currency fluctuations.

Benefit Plan Adjustments, Net of Tax

Benefit plan adjustments started at a negative US$122 million in 2015 and gradually improved to positive US$77 million by 2019, indicating better-than-expected results or adjustments in pension or other benefit plans over time.

Other Comprehensive Income (Loss), Net of Tax

Other comprehensive income displayed a negative balance of US$444 million in 2015, improving to positive US$115 million in 2017, peaking at US$338 million in 2018, and then declining again to a modest US$14 million in 2019. This indicates increasing recognition of gains or reversals of previous losses until 2018, followed by a stabilization or minor loss in the final year.

Comprehensive Income (Loss)

Comprehensive income presents a trajectory from a negative US$236 million in 2015 to significant positive outcomes in the following years, reaching US$2,257 million in 2018 and slightly decreasing to US$2,253 million in 2019. This trend closely mirrors the movement in net income, showing strong overall financial performance in latter years when broader elements are considered.

Comprehensive (Income) Loss Attributable to Noncontrolling Interests

This line fluctuated from a positive US$45 million in 2015 to negative amounts in subsequent years, bottoming at -US$328 million in 2018, before recovering slightly to -US$66 million in 2019. This suggests volatility in earnings attributable to minority interests, with large impacts in 2018.

Comprehensive Income (Loss) Attributable to the Company (KMI)

The comprehensive income attributable to the company followed a similar pattern to overall comprehensive income, moving from a negative US$191 million in 2015 to robust positive values, peaking at US$1,929 million in 2018 and increasing again to US$2,187 million in 2019. This indicates strengthening financial results and effective management of comprehensive income components attributable to the company shareholders.