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.
Paying user area
Try for free
Trane Technologies plc pages available for free this week:
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Trane Technologies plc for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Trane Technologies plc, consolidated statement of comprehensive income
US$ 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 Earnings
- The net earnings showed an overall upward trajectory from 1,357,500 thousand US$ in 2018 to 1,774,700 thousand US$ in 2022. A notable decline occurred in 2020 when earnings dropped to 870,000 thousand US$, followed by a recovery and significant increase in subsequent years.
- Currency Translation Effects
- Currency translation impacts fluctuated considerably over the period. Negative adjustments were marked in 2018, 2019, 2021, and 2022, with a sizeable positive impact in 2020. The volatility indicates exposure to foreign exchange movements affecting reported results.
- Unrealized Gains and Losses
- The unrealized net gains/losses exhibited inconsistency, with small positive amounts in 2018, 2020, and 2021, but a significant negative value in 2022. Corresponding reclassification into earnings also varied, with a large negative reclassification in 2021 followed by a positive reclassification in 2022, indicating fluctuating fair value adjustments impacting earnings.
- Tax Expense or Benefit Related to Other Comprehensive Income
- Tax benefits and expenses showed mixed behavior with occasional missing data. The expenses in certain years, notably 2018 and 2021, were substantial, influencing net other comprehensive income and reflecting changing tax impacts on comprehensive income components.
- Cash Flow Hedges, Net of Tax
- Cash flow hedges exhibited positive effects initially in 2018 and 2020 but turned negative in later years, reaching a substantial negative 11,600 thousand US$ in 2022, suggesting increased costs or losses in hedging activities in recent periods.
- Pension and OPEB Adjustments
- There were significant fluctuations in pension and OPEB-related adjustments. Initial prior service costs were negative but diminished over time, while net actuarial gains/losses swung from positive to highly negative in 2019 and 2020, followed by strong positive returns in 2021 and 2022. Consequently, pension and OPEB adjustments net of tax also reflected this volatility with a marked recovery by 2021 and 2022.
- Amortization Reclassified Into Earnings
- The amortization amount consistently decreased from 50,700 thousand US$ in 2018 to 21,600 thousand US$ in 2022, indicating a progressive reduction in amortizable assets or intangible amortization charges affecting earnings.
- Net Curtailment and Settlement Gains/Losses
- Net curtailment and settlement gains/losses showed modest positive values in earlier years with an increase in the last two years, suggesting more frequent or larger pension plan settlements impacting earnings positively.
- Other Comprehensive Income, Net of Tax
- Other comprehensive income was negative in 2018, 2019, 2021, and 2022, with a considerable positive spike in 2020, reflecting significant valuation changes or adjustments in components excluding net earnings. The magnitude of losses in 2022 reversed some improvements of prior years.
- Comprehensive Income Attributable to the Company
- Comprehensive income attributable to the company grew from 1,152,300 thousand US$ in 2018 to 1,627,900 thousand US$ in 2022, despite variability and setbacks in other comprehensive income elements. This reflects the overall strong performance through net earnings notwithstanding fluctuations in other comprehensive components and currency impacts.
- Summary of Trends and Insights
- Overall, the data reveals resilience in core earnings despite external and actuarial adjustments causing volatility in other comprehensive income. The negative impact of currency translation and hedging activities in recent years indicates potential risks related to market exposures. Reduction in amortization suggests lower intangible charges contributing positively to net earnings. Pension-related adjustments demonstrate cyclical effects with significant swings demanding close management attention. The company has managed to increase comprehensive income over the five-year period, pointing to effective operational performance offsetting financial and actuarial fluctuations.