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.
Pioneer Natural Resources Co., consolidated statement of comprehensive income
US$ in millions
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 data for the given period reveals significant fluctuations in net income attributable to common stockholders. There is a marked decline from a positive net income of 756 million USD in 2019 to a loss of 200 million USD in 2020. This year thus represents a notable downturn in profitability.
The subsequent years show a dramatic recovery and growth, with net income rising sharply to 2,118 million USD in 2021. This upward momentum continues strongly into 2022, with net income reaching 7,845 million USD, representing a substantial increase and peak in profitability for the period analyzed.
In 2023, net income decreases to 4,894 million USD from the previous year's high but remains significantly above the levels recorded in 2019 and 2021. This suggests a correction or normalization following the extraordinary profits in 2022, although profitability remains robust.
Comprehensive income attributable to common stockholders mirrors the trends observed in net income, indicating that other comprehensive income components did not materially affect overall shareholder return during these years, as those values are absent or zero.
- Key observations:
- - A notable loss occurred in 2020, contrasting with profitability in other years.
- - Strong recovery and exceptional growth in net income occurred in 2021 and 2022.
- - A partial decline in 2023 suggests normalization but profitability remains high.
- - Absence of other comprehensive income impacts implies net income changes drive total comprehensive income.