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.
e.l.f. Beauty, Inc., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).
Net income exhibited a period of initial volatility followed by a phase of rapid, exponential growth. Following a significant contraction in the fiscal year ending March 31, 2021, the company achieved a consistent and accelerating upward trajectory in profitability through March 31, 2024.
- Net Income Growth Trajectory
- A substantial decline was observed between 2020 and 2021, with net income falling from 17,884 thousand US$ to 6,232 thousand US$. This was followed by a recovery in 2022 to 21,770 thousand US$, leading into a period of aggressive expansion. Net income grew by approximately 182% in 2023 to 61,530 thousand US$ and further increased by 107% in 2024 to reach 127,663 thousand US$.
- Comprehensive Income Dynamics
- Comprehensive income remained identical to net income from 2020 through 2023, indicating an absence of other comprehensive income or loss items during those periods. In 2024, a minor divergence occurred, resulting in comprehensive income of 127,613 thousand US$.
- Foreign Currency and Other Comprehensive Loss
- For the first four years of the analyzed period, no adjustments for foreign currency translation were recorded. In the fiscal year ending March 31, 2024, a foreign currency translation adjustment of negative 50 thousand US$ was reported, which constituted the entirety of the other comprehensive loss for that year. This adjustment had a negligible impact on the overall comprehensive income relative to the total net income.
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