Covanta Holding Corporation (CVA) financial statements (2022 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)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54545655343942
Cash and cash equivalents54545655343942
Restricted cash and investments881011111014
Receivables259242233260247231211
Prepaid expense   32   
Other current assets   36   
Other undisclosed current assets7885984994103116
Total current assets:399389397443386383383
Noncurrent Assets
Property, plant and equipment2,3642,3982,4052,4212,4202,4312,445
Intangible assets, net (including goodwill)524530534539544549554
Goodwill302303302302302302302
Intangible assets, net (excluding goodwill)222227232237242247252
Restricted cash and investments171066688
Other noncurrent assets294300300297300285279
Total noncurrent assets:3,1993,2383,2453,2633,2703,2733,286
TOTAL ASSETS:3,5983,6273,6423,7063,6563,6563,669
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities411386338378320353316
Accounts payable70796875667159
Accrued liabilities341307270303254282257
Debt373636 272727
Other undisclosed current liabilities   27   
Total current liabilities:448422374405347380343
Noncurrent Liabilities
Long-term debt and lease obligation2,3772,4152,4532,4392,4612,3872,407
Long-term debt, excluding current maturities2,3382,3752,4112,3962,4172,3872,407
Operating lease, liability3940424344  
Liabilities, other than long-term debt480465452503490490493
Asset retirement obligations   24   
Deferred income tax liabilities343346338362360360365
Other liabilities137119114117130130128
Other undisclosed noncurrent liabilities7071734974119123
Total noncurrent liabilities:2,9272,9512,9782,9913,0252,9963,023
Total liabilities:3,3753,3733,3523,3963,3723,3763,366
Stockholders' equity
Stockholders' equity attributable to parent, including:223254290310284280303
Additional paid in capital897892883882871867860
Accumulated other comprehensive loss(114)(59)(44)(32)(45)(51)(45)
Accumulated deficit(574)(593)(563)(554)(556)(550)(526)
Other undisclosed stockholders' equity attributable to parent14141414141414
Total stockholders' equity:223254290310284280303
TOTAL LIABILITIES AND EQUITY:3,5983,6273,6423,7063,6563,6563,669

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Revenues539506498491491454468
Cost of revenue(427)(390)(398)(370)(349)(340)(361)
Cost of goods and services sold(366)(390)(398)(370)(349)(340)(361)
Gross profit:112116100121142114107
Operating expenses(38)(481)(484)(478)(441)(436)(480)
Other undisclosed operating income 390398370349340361
Operating income (loss):742514135018(12)
Nonoperating expense(32)(32)(31)(14)(44)(35)(26)
Interest and debt expense(31)(32)(31) (12)(34)(34)
Other undisclosed income from continuing operations before equity method investments, income taxes313231 123434
Income (loss) from continuing operations before equity method investments, income taxes:42(7)(17)(1)6(17)(38)
Income from equity method investments2 112 1
Income (loss) from continuing operations before income taxes:44(7)(16) 8(17)(37)
Income tax expense (benefit)(14)(12)1812(3)45
Net income (loss) available to common stockholders, diluted:30(19)2125(13)(32)

Comprehensive Income ($ in millions)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Net income (loss):30(19)2125(13)(32)
Other undisclosed comprehensive income (loss)(55)(15)(12)36(6)(10)
Comprehensive income (loss):(25)(34)(10)1511(19)(42)
Other undisclosed comprehensive income, net of tax, attributable to parent   10   
Comprehensive income (loss), net of tax, attributable to parent:(25)(34)(10)2511(19)(42)

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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