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.
Paying user area
Try for free
Marathon Oil Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Marathon Oil Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Marathon Oil Corp., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
- Net Income (Loss)
- The net income exhibits significant volatility over the five-year span. The company reported a substantial loss of $5,723 million in 2017, followed by a recovery to a profit of $1,096 million in 2018. The profit decreased to $480 million in 2019, deteriorated again to a loss of $1,451 million in 2020, and returned to profitability with $946 million in 2021. This pattern suggests exposure to fluctuating operational or market conditions affecting profitability.
- Change in Actuarial Gain (Loss) and Other for Postretirement and Postemployment Plans
- The changes in actuarial gains and losses showed positive values in most years except 2020, with a high of $121 million in 2018 and a low of a $30 million loss in 2020. This indicates some variability in pension-related adjustments, with an overall moderate impact on financial outcomes.
- Change in Derivative Hedges Unrecognized Gain (Loss)
- This line recorded slight fluctuations, with a loss of $39 million in 2017, a small gain of $2 million in 2019, a minor loss of $2 million in 2020, and a gain of $23 million in 2021. The data for 2018 is missing. These inconsistent amounts suggest the hedging activities had a limited but variable impact on comprehensive income.
- Reclassification of De-designated Forward Interest Rate Swaps
- Only reported in 2021, this reclassification resulted in a negative adjustment of $28 million, indicating a one-time impact on that year's financial statements linked to changes in derivative instruments' accounting.
- Foreign Currency Translation Adjustment Related to Sale of U.K. Business
- Gains related to currency translation adjustments were noted in 2017 and 2019, with respective positive values of $30 million and $23 million. No amounts were recorded in other years, implying sporadic currency-related gains linked to divestiture or operational changes in the U.K. segment.
- Other Items
- Minor amounts were present in the years 2017, 2018, and 2019, with values ranging from $1 million to $4 million. No data were available thereafter, indicating limited relevance or reporting of other comprehensive income items.
- Other Comprehensive Income (Loss)
- The overall other comprehensive income showed gains in most years except for 2020, which reported a loss of $32 million. The peak was $125 million in 2018. This suggests the company generally realized positive comprehensive income adjustments aside from 2020.
- Comprehensive Income (Loss)
- Comprehensive income aligns closely with net income trends, with significant loss in 2017 (-$5,702 million), followed by gains in 2018 ($1,221 million) and 2019 ($522 million). There was a decline in 2020 (-$1,483 million) and a return to positive territory in 2021 ($955 million). These fluctuations indicate that combined net income and other comprehensive income components contribute similarly to overall financial performance volatility.