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.
Paycom Software Inc., consolidated statement of comprehensive income
US$ in thousands
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).
Net income and comprehensive earnings exhibited a general upward trajectory between 2018 and 2022, characterized by significant growth in the final year of the period analyzed.
- Net Income Trends
- Net income increased from 137,065 thousand US$ in 2018 to 281,389 thousand US$ in 2022. A temporary decline was observed in 2020, when net income fell to 143,453 thousand US$, before recovering in 2021 and experiencing a substantial increase in 2022.
- Comprehensive Earnings and Other Comprehensive Loss
- Comprehensive earnings aligned exactly with net income from 2018 through 2021. In 2022, a divergence occurred due to the recognition of unrealized net losses on available-for-sale securities amounting to 3,703 thousand US$. Consequently, comprehensive earnings for 2022 were reported at 277,686 thousand US$, representing a slight reduction relative to the net income for the same period.
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