Stock Analysis on Net
Stock Analysis on Net

Mastercard Inc. (NYSE:MA)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

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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Mastercard Inc., consolidated statement of comprehensive income

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net income
Foreign currency translation adjustments, net of income tax effect
Translation adjustments on net investment hedges, net of income tax effect
Cash flow hedges, net of income tax effect
Reclassification adjustment for cash flow hedges, net of income tax effect
Cash flow hedges, net of income tax effect
Defined benefit pension and other postretirement plans, net of income tax effect
Reclassification adjustment for defined benefit pension and other postretirement plans, net of income tax effect
Defined benefit pension and other postretirement plans, net of income tax effect
Investment securities available-for-sale, net of income tax effect
Other comprehensive income (loss), net of income tax effect
Comprehensive income

Based on: 10-K (reporting date: 2022-12-31), 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).

The financial data reveals several important trends in the company's performance and comprehensive income components over the five-year period from 2018 through 2022.

Net Income
Net income exhibited an overall increasing trend with fluctuations. It rose significantly from $5,859 million in 2018 to $8,118 million in 2019, then decreased to $6,411 million in 2020 in a possible reaction to external economic conditions. Afterward, net income recovered strongly to $8,687 million in 2021 and further increased to $9,930 million in 2022, indicating solid profitability growth in the most recent years.
Foreign Currency Translation Adjustments
This item showed considerable volatility, with a negative adjustment of -$279 million in 2018 turning positive in 2019 and 2020 before dropping again sharply to -$387 million in 2021 and further to -$675 million in 2022. This pattern suggests exchange rate fluctuations adversely affected earnings, particularly in the latter years.
Translation Adjustments on Net Investment Hedges
These adjustments moved irregularly, from positive figures in 2018 and 2019, to a notable negative adjustment in 2020 (-$137 million), followed by strong positive reversals in 2021 and 2022. The magnitude and switch of direction indicate active hedging effects impacting net investments internationally.
Cash Flow Hedges
The data for cash flow hedges shows irregular and small values with some missing data in earlier years. The associated reclassification adjustments maintain nominal values, but the total effect demonstrates minor negative to positive swings with no clear trend. This suggests hedging activities had limited and inconsistent effects on comprehensive income.
Defined Benefit Pension and Other Postretirement Plans
This category generally displays small negative impacts on comprehensive income, although there was a positive figure in 2021. The negative adjustments in 2018, 2019, 2020, and 2022 imply ongoing modest pension-related liabilities or valuation effects that slightly detract from overall income.
Investment Securities Available-for-Sale
The impact of investment securities on other comprehensive income remained minor and negative or near neutral across all years, with the largest negative adjustment recorded in 2022 at -$5 million.
Other Comprehensive Income (Loss)
Overall, other comprehensive income fluctuated between small positive and substantial negative values. Notably, the figures were negative in 2018, 2021, and particularly large in 2022 (-$444 million), while positive in 2019. This suggests volatility largely driven by currency translation and other gains/losses components.
Comprehensive Income
Comprehensive income trends largely mirror net income patterns but with muted growth due to negative components in other comprehensive income. It increased from $5,638 million in 2018 to a peak of $8,163 million in 2019, dropped to approximately $6,400 million in 2020, then rose again to $8,558 million in 2021 and reached $9,486 million in 2022. This indicates overall growth in total shareholder returns after accounting for all comprehensive adjustments.

In summary, the company’s profitability showed strong growth with some volatility in net income over the period. Currency translation effects and other comprehensive income components introduced fluctuations and occasional negative adjustments that partially offset net income gains. Nonetheless, comprehensive income improved distinctly in the last two reported years, signaling positive underlying business trends despite currency and market adjustments.