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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- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
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Reynolds American Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
The financial data reveals notable trends in key profitability and comprehensive income metrics over the five-year period ending December 31, 2016.
- Net income
- There is an overall upward trend in net income, starting at $1,272 million in 2012 and increasing substantially to $6,073 million in 2016. After a rise to $1,718 million in 2013, net income dipped to $1,470 million in 2014 before sharply rising to $3,253 million in 2015 and nearly doubling again in 2016.
- Retirement benefits, net of tax
- The retirement benefits component shows considerable volatility. It increased from $65 million in 2012 to a peak of $248 million in 2013, dropped significantly to a negative value of -$277 million in 2014, rebounded to $50 million in 2015, and slightly declined to -$11 million in 2016. This indicates inconsistent impacts from retirement benefit adjustments.
- Long-term investments, net of tax
- Values in long-term investments fluctuate at low absolute levels, decreasing from $7 million in 2012 to $2 million in 2014, with missing data for 2015, and then rising to $14 million in 2016. This suggests limited and inconsistent investment activity over the years.
- Hedging instruments, net of tax
- Hedging instruments remained relatively stable around zero between 2012 and 2015, with values close to 1 million, except for a small negative value in 2012 (-$14 million). In 2016, the figure increased to $11 million, indicating a more positive impact from hedging activities in the latest year.
- Cumulative translation adjustment and other, net of tax
- This item demonstrates variability with initial positive values ($13 million in 2012 and $1 million in 2013), followed by negative values in 2014 and 2015 (-$34 million and -$25 million respectively), before recovering to $10 million in 2016. This reflects fluctuations in foreign currency translation effects and other adjustments.
- Other comprehensive income (loss), net of tax
- Other comprehensive income shows pronounced volatility, ranging from a positive $71 million in 2012 to a high of $255 million in 2013, then sharply declining to a negative $308 million in 2014. It returns to modest positive values in 2015 ($26 million) and 2016 ($24 million), indicating significant variability in non-net income comprehensive gains and losses.
- Comprehensive income
- Comprehensive income follows a similar pattern to net income, increasing from $1,343 million in 2012 to $6,097 million in 2016. Despite fluctuations in other comprehensive income components, the strong growth in net income drives comprehensive income upward, with a dip in 2014 correlating with lower net and other comprehensive income in the same year.