Stock Analysis on Net

Marathon Oil Corp. (NYSE:MRO)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 4, 2022.

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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Marathon Oil Corp., consolidated statement of comprehensive income

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income (loss)
Change in actuarial gain (loss) and other for postretirement and postemployment plans
Change in derivative hedges unrecognized gain (loss)
Reclassification of de-designated forward interest rate swaps
Foreign currency translation adjustment related to sale of U.K. business
Other
Other comprehensive income (loss)
Comprehensive income (loss)

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.