The Cigna Group (CI) Financial Statements (2024 and earlier)

Company Profile

Business Address 900 COTTAGE GROVE ROAD
BLOOMFIELD, CT 06002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6324 - Hospital and Medical Service Plans (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,7476,8296,00111,5135,5565,900
Cash and cash equivalents7,8225,9245,08110,1824,6193,855
Short-term investments9259059201,3319372,045
Receivables17,72217,21815,07112,19110,71610,473
Inventory, net of allowances, customer advances and progress billings5,6454,7773,7223,1652,6612,821
Inventory5,6454,7773,7223,1652,6612,821
Disposal group, including discontinued operation3,068 10,057 9,512 
Other current assets2,1691,2961,2839301,4001,236
Total current assets:37,35130,12036,13427,79929,84520,430
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 10497505287
Operating lease, right-of-use asset 370375 552536
Property, plant and equipment  3,7743,6924,2054,4174,562
Long-term investments and receivables17,98516,28818,43823,26221,54226,929
Long-term investments17,98516,28818,43823,26221,54226,929
Intangible assets, net (including goodwill)75,12278,30379,91379,82781,16483,508
Goodwill44,25945,81145,81144,64844,60244,505
Intangible assets, net (excluding goodwill)30,86332,49234,10235,17936,56239,003
Restricted cash and investments    63  
Disposal group, including discontinued operation, noncurrent assets 2,922     
Other noncurrent assets3,4213,4262,7282,6872,2831,630
Other undisclosed noncurrent assets15,48611,54913,93417,00415,90016,167
Total noncurrent assets:115,410113,812118,755127,652125,929132,796
TOTAL ASSETS:152,761143,932154,889155,451155,774153,226
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,5537,7756,6555,4785,0904,366
Accounts payable8,5537,7756,6555,4785,0904,366
Debt2,7752,9932,5453,3745,5142,955
Disposal group, including discontinued operation2,104 6,423 6,812 
Other undisclosed current liabilities35,28430,46127,94927,17022,72224,574
Total current liabilities:48,71641,22943,57236,02240,13831,895
Noncurrent Liabilities
Long-term debt and lease obligation, including:28,15528,10031,12529,54531,89339,523
Long-term debt, excluding current maturities66662836  
Finance lease, liability 6666283661
Other undisclosed long-term debt and lease obligation28,02327,96831,06928,98231,36739,523
Liabilities, other than long-term debt11,54511,23912,10813,56813,84712,923
Deferred tax liabilities, net9,453
Deferred income tax liabilities7,1737,7518,3468,9399,387
Disposal group, including discontinued operation, liabilities 591     
Other liabilities3,4413,1423,7624,6294,4603,470
Operating lease, liability 340346 491465
Other undisclosed noncurrent liabilities17,99418,41320,90025,93024,51727,813
Total noncurrent liabilities:57,69457,75264,13369,04370,25780,259
Total liabilities:106,41098,981107,705105,065110,395112,154
Temporary equity, carrying amount 1076654583537
Equity
Equity, attributable to parent46,22344,87247,11250,32145,33841,028
Common stock444444
Treasury stock, value(24,238)(21,844)(14,175)(6,372)(2,193)(104)
Additional paid in capital30,66930,23329,57428,97528,30627,751
Accumulated other comprehensive loss(1,864)(1,395)(884)(861)(941)(1,711)
Retained earnings41,65237,87432,59328,57520,16215,088
Equity, attributable to noncontrolling interest211318767
Total equity:46,24444,88547,13050,32845,34441,035
TOTAL LIABILITIES AND EQUITY:152,761143,932154,889155,451155,774153,226

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues195,265180,516174,078160,401153,56648,650
Premiums earned, net44,23739,91541,15442,62739,71436,113
Cost of revenue(170,088)(157,040)(151,115)(136,194)(128,487)(32,321)
Cost of goods and services sold(133,801)(124,834)(117,553)(103,484)(97,668)(4,793)
Policyholder benefits and claims incurred, net(36,287)(32,206)(33,562)(32,710)(30,819)(27,528)
Gross profit:25,17723,47622,96324,20725,07916,329
Operating expenses(16,641)(15,062)(15,028)(16,054)(17,002)(12,169)
Operating income:8,5368,4147,9358,1538,0774,160
Nonoperating expense
(Other Nonoperating expense)
(1,446)(1,228)(1,208)(1,438)(1,682)(498)
Interest and debt expense(4)(2)(141)(199)(2)(507)
Income from continuing operations before equity method investments, income taxes:7,0867,1846,5866,5166,3933,155
Other undisclosed income (loss) from continuing operations before income taxes(1,573)1,1691964,352177426
Income from continuing operations before income taxes:5,5138,3536,78210,8686,5703,581
Income tax expense(141)(1,607)(1,367)(2,379)(1,450)(935)
Income from continuing operations:5,3726,7465,4158,4895,1202,646
Income before gain (loss) on sale of properties:5,4158,4895,1202,646
Net income:5,3726,7465,4158,4895,1202,646
Net loss attributable to noncontrolling interest(208)(78)(50)(31)(16)(9)
Net income available to common stockholders, diluted:5,1646,6685,3658,4585,1042,637

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:5,3726,7465,4158,4895,1202,646
Other comprehensive income (loss)(206)   765(390)
Other undisclosed comprehensive loss      (15)
Comprehensive income:5,1666,7465,4158,4895,8852,241
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(208)(76)(36)(23)(11)6
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (513)(37)72  
Comprehensive income, net of tax, attributable to parent:4,9586,1575,3428,5385,8742,247

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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