Covanta Holding Corporation (CVA) financial statements (2020 and earlier)

Company profile

Business Address 445 SOUTH STREET
MORRISTOWN, NJ 07960
State of Incorp. DE
Fiscal Year End December 31
SIC 4991 - Cogeneration Services & Small Power Producers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments376510288585139
Cash and cash equivalents376510288585139
Restricted cash and investments18252231393937
Receivables240307318292338316324
Prepaid expense27   22  
Disposal group, including discontinued operation    223
Other current assets36   12  
Other undisclosed current assets42788479286162
Total current assets:400475526490499469465
Noncurrent Assets
Property, plant and equipment2,4512,4652,4922,5112,5142,5132,556
Intangible assets, net (including goodwill)579584590595600607588
Goodwill321321321321321321312
Intangible assets, net (excluding goodwill)258263269274279286276
Restricted cash and investments88878824
Other noncurrent assets277266286282222213211
Total noncurrent assets:3,3153,3233,3763,3953,3443,3413,379
TOTAL ASSETS:3,7153,7983,9023,8853,8433,8103,844
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities32831561671505464
Accounts payable36636167765464
Accrued liabilities292252     
Interest and dividends payable    74  
Debt 242625343334
Liability for uncertainty in income taxes    41  
Asset retirement obligation    5  
Other liabilities    73  
Other undisclosed current liabilities25 318306140303290
Total current liabilities:353339405398443390388
Noncurrent Liabilities
Long-term debt and lease obligation2,4962,5872,4462,3932,3272,3272,295
Long-term debt, excluding current maturities2,3662,4572,4462,3932,3272,3272,295
Finance lease, liability8483  
Operating lease, liability4647  
Liabilities, other than long-term debt145127507509477454453
Asset retirement obligations22   24  
Deferred tax liabilities, net378382378378385
Other liabilities123127129127757668
Other undisclosed noncurrent liabilities345368128131109134137
Total noncurrent liabilities:2,9863,0823,0813,0332,9132,9152,885
Total liabilities:3,3393,4213,4863,4313,3563,3053,273
Stockholders' equity
Stockholders' equity attributable to parent, including:376377416454473505571
Treasury stock, value    (1)(1)(1)
Additional paid in capital857853848841841837833
Accumulated other comprehensive loss(35)(51)(27)(36)(33)(35)(26)
Accumulated deficit(460)(439)(419)(365)(334)(310)(249)
Other undisclosed stockholders' equity attributable to parent14141414 1414
Other undisclosed stockholders' equity    14  
Total stockholders' equity:376377416454487505571
TOTAL LIABILITIES AND EQUITY:3,7153,7983,9023,8853,8433,8103,844

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues485465467453500456454
Revenue, net10196
Cost of revenue
(Cost of Goods and Services Sold)
(333)(325)(354)(359)(1,283)(12)(12)
Gross profit:15214011394(783)444442
Operating expenses(441)(421)(457)(461)(441)(454)(472)
Other undisclosed operating income3333253543591,2831212
Operating income (loss):444410(8)592(18)
Nonoperating income (expense)(35)(36)(37)15(48)(33)(37)
Interest and debt expense(35)(36)(36)(36)(12)(3)(36)
Other undisclosed income from continuing operations before equity method investments, income taxes3536363612336
Income (loss) from continuing operations before equity method investments, income taxes:98(27)711(31)(55)
Income from equity method investments213 312
Income (loss) from continuing operations before income taxes:119(24)714(30)(53)
Income tax expense (benefit)153(2)(5)322
Net income (loss) available to common stockholders, diluted:1214(21)59(27)(31)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):1214(21)59(27)(31)
Other comprehensive income (loss)17  (5)2  
Other undisclosed comprehensive income (loss) (24)9    
Comprehensive income (loss):29(10)(12) 11(27)(31)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (9)(15)
Comprehensive income (loss), net of tax, attributable to parent:29(10)(12) 11(36)(46)

Statements sources

The financial statements are based on the company's filings with the 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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