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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- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2011
- Return on Equity (ROE) since 2011
- Debt to Equity since 2011
- Price to Earnings (P/E) since 2011
- Price to Operating Profit (P/OP) since 2011
- Analysis of Revenues
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LyondellBasell Industries N.V., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
The financial data reveals several notable trends in the company's performance and comprehensive income components over the five-year period from 2014 to 2018.
- Net Income
- The net income exhibited fluctuations, beginning at 4,168 million US dollars in 2014, increasing to a peak of 4,877 million in 2017, before slightly declining to 4,690 million in 2018. Overall, net income maintained a strong positive level across the years, demonstrating resilience and growth with some variation.
- Financial Derivatives
- Values associated with financial derivatives fluctuated between positive and negative amounts, ranging from -80 million in 2014 to 54 million in 2018. These swings indicate variability in financial derivative performance or valuation adjustments across the years.
- Unrealized Gains and Losses
- Unrealized gains and losses on available-for-sale debt securities and equity securities displayed inconsistent patterns. Small negative and positive changes appeared intermittently, with a notable unrealized gain of 19 million on equity securities in 2017, while other years showed minimal or no values recorded.
- Defined Benefit Pension and Postretirement Benefit Plans
- The impact of pension and other postretirement benefit plans showed considerable volatility, ranging from a significant negative of 309 million in 2014 to positive contributions in subsequent years, concluding with 30 million in 2018. This suggests fluctuating pension-related adjustments affecting comprehensive income.
- Foreign Currency Translations
- Foreign currency translation adjustments presented a trend of decreasing magnitude over the period. Starting with a large negative impact of 733 million in 2014, the adjustments moved closer to zero in 2016 and 2017, followed by a moderate negative amount of 92 million in 2018. This reflects variability in currency exchange effects on the company's financial statements.
- Other Comprehensive Income (Loss), Net of Tax
- Other comprehensive income or loss, net of tax, showed significant improvement from a large negative of 1,122 million in 2014 to a slight negative of 8 million in 2018. The trend indicates a reduction in other comprehensive losses, reaching positive territory in 2017 with 226 million, reflecting overall stabilization.
- Comprehensive Income and Attributable Components
- Comprehensive income attributable to company shareholders followed a general upward trajectory, starting at 3,052 million in 2014 and peaking at 5,105 million in 2017, slightly decreasing to 4,680 million in 2018. The comprehensive income attributable to non-controlling interests remained minimal and fluctuating around zero, indicating the primary contribution to comprehensive income derived from company shareholders.
In summary, the company's net income and comprehensive income demonstrated growth and resilience with some fluctuations. Components impacting comprehensive income, such as financial derivatives, pension plans, currency translations, and unrealized gains or losses, showed variability but trended towards reduced negative impacts over the period. These trends suggest improving financial stability and effective management of elements influencing comprehensive income.