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
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2013
- Return on Equity (ROE) since 2013
- Total Asset Turnover since 2013
- Price to Operating Profit (P/OP) since 2013
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Twitter Inc., consolidated statement of comprehensive income
US$ in thousands
Based on: 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), 10-K (reporting date: 2017-12-31).
The financial data reveals fluctuating income and comprehensive income patterns over the five-year period analyzed.
- Net Income (Loss)
- The net income experienced a marked variation. In 2017, the company reported a significant loss of approximately $108 million. This shifted notably in 2018 and 2019 with strong profits of about $1.2 billion and $1.5 billion respectively. However, this positive trend reversed sharply in 2020 and 2021, with losses recorded again, amounting to approximately $1.1 billion and $221 million respectively. This indicates considerable volatility in profitability.
- Change in Unrealized Gain (Loss) on Investments in Available-for-Sale Securities
- This metric showed relatively minor fluctuations compared to net income. It was negative in 2017 and 2018, turned positive in 2019 and 2020, then declined sharply to a negative value again in 2021. The magnitude of change varied, with a peak positive change near $13.8 million in 2019 and a significant negative swing of approximately $26 million in 2021, suggesting variability in investment valuations.
- Change in Foreign Currency Translation Adjustment
- The foreign currency translation adjustment exhibited negative trends after 2017. Starting with a positive adjustment of about $39 million in 2017, there were subsequent negative adjustments each year, growing more negative over time, reaching approximately -$25 million in 2021. This trend indicates increasing foreign exchange translation losses or unfavorable currency movement effects in later years.
- Net Change in Accumulated Other Comprehensive Income (Loss)
- The comprehensive income adjustment shows fluctuations, with a positive change in 2017 followed by negative changes in 2018 and 2019. In 2020, there was a modest positive change, but a considerable negative adjustment occurred in 2021. This pattern suggests variability influenced primarily by investment and currency translation components.
- Comprehensive Income (Loss)
- The comprehensive income follows a similar trend to net income. After a loss in 2017, there were substantial gains in 2018 and 2019. The company then faced significant losses in 2020 and 2021, with the loss in 2020 exceeding $1.1 billion and a smaller yet significant loss in 2021. The comprehensive income closely mirrors net income movements, indicating that the primary driver of comprehensive income was net income performance.
Overall, the data points to volatile financial performance with substantial swings between profit and loss across the periods, influenced by both operational results and other comprehensive income factors such as investment valuations and foreign currency translations. The deterioration in profitability and comprehensive income in the most recent years suggests challenges in sustaining earlier gains.