Name: Pioneer Natural Resources Co. (NYSE:PXD) | 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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Pioneer Natural Resources Co., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income (loss) attributable to common stockholders	4,894)	7,845)	2,118)	(200)	756)
Other comprehensive income	—)	—)	—)	—)	—)
Comprehensive income (loss) attributable to common stockholders	4,894)	7,845)	2,118)	(200)	756)

Based on: 10-K (reporting date: 2023-12-31), 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).

The financial performance over the five-year period ending December 31, 2023, is characterized by significant volatility in net income attributable to common stockholders, transitioning from moderate profitability to a net loss, followed by a period of rapid expansion and a subsequent correction.

Profitability Fluctuations: A sharp decline is observed between 2019 and 2020, where net income fell from 756 million US$ to a net loss of 200 million US$. This represents a substantial reversal in profitability within a single fiscal year.
Recovery and Peak Growth: A strong recovery began in 2021, with net income rising to 2,118 million US$. This upward trajectory accelerated in 2022, reaching a peak of 7,845 million US$, marking the highest point of profitability in the analyzed period.
Recent Performance Trends: In 2023, a contraction in net income occurred, with the figure decreasing to 4,894 million US$. While this represents a decline from the 2022 peak, the level of income remains significantly higher than the benchmarks set between 2019 and 2021.
Comprehensive Income Alignment: Comprehensive income attributable to common stockholders mirrors net income exactly across all reported years. The absence of reported other comprehensive income indicates that there were no significant unrealized gains or losses influencing the total comprehensive income during this timeframe.

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