Name: LyondellBasell Industries N.V. (NYSE:LYB) | 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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LyondellBasell Industries N.V., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Net income	4,690)	4,877)	3,837)	4,474)	4,168)
Financial derivatives	54)	(45)	4)	1)	(80)
Unrealized gains (losses) on available-for-sale debt securities	—)	(3)	6)	(5)	—)
Unrealized gains (losses) on equity securities and equity securities held by equity investees	—)	19)	—)	—)	—)
Defined benefit pension and other postretirement benefit plans	30)	77)	(70)	21)	(309)
Foreign currency translations	(92)	178)	(13)	(429)	(733)
Other comprehensive income (loss), net of tax	(8)	226)	(73)	(412)	(1,122)
Comprehensive income	4,682)	5,103)	3,764)	4,062)	3,046)
Comprehensive (income) loss attributable to non-controlling interests	(2)	2)	(1)	2)	6)
Comprehensive income attributable to the Company shareholders	4,680)	5,105)	3,763)	4,064)	3,052)

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 performance from 2014 to 2018 is characterized by steady net income growth with notable volatility in other comprehensive income components. While net income remained robust throughout the period, comprehensive income fluctuated more significantly due to external market factors, specifically foreign currency translation and pension benefit adjustments.

Net Income and Comprehensive Income Trends: Net income exhibited a general upward trajectory, rising from 4,168 million US$ in 2014 to a peak of 4,877 million US$ in 2017, before slightly moderating to 4,690 million US$ in 2018. Comprehensive income followed a similar pattern but was more heavily influenced by non-operational gains and losses, starting at 3,046 million US$ in 2014 and reaching its zenith in 2017 at 5,103 million US$.
Analysis of Other Comprehensive Income (OCI): Other comprehensive income experienced significant volatility, transitioning from a substantial loss of 1,122 million US$ in 2014 to a gain of 226 million US$ in 2017, before returning to a marginal loss of 8 million US$ in 2018. This instability indicates a high sensitivity to market-driven adjustments rather than core operational performance.
Impact of Foreign Currency and Pension Plans: Foreign currency translations served as a primary driver of OCI volatility, recording a severe negative impact of 733 million US$ in 2014 and a positive swing of 178 million US$ in 2017. Similarly, defined benefit pension and postretirement plans showed inconsistent results, oscillating between a 309 million US$ loss in 2014 and a 77 million US$ gain in 2017.
Comprehensive Income Attribution: The vast majority of comprehensive income was attributable to the company shareholders. The impact of non-controlling interests remained negligible throughout the five-year period, with values fluctuating between -2 million US$ and 6 million US$, confirming that nearly all comprehensive gains and losses accrued directly to the parent entity's equity.

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