Covetrus, Inc. (CVET) Financial Statements (2026 and earlier)

Company Profile

Business Address 7 CUSTOM HOUSE STREET
PORTLAND, ME 04101
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5912 - Drug Stores and Proprietary Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

6/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 183290130
Cash and cash equivalent 183290130
Receivables 555574493
Inventory, net of allowances, customer advances and progress billings 583530636
Inventory 583530636
Other undisclosed current assets 303781
Total current assets: 1,3511,4311,340
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  12
Operating lease, right-of-use asset 13711784
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 144116 
Intangible asset, including goodwill, after accumulated amortization 1,6861,7421,797
Goodwill 1,2471,1871,154
Intangible asset, excluding goodwill, after accumulated amortization 439555643
Other noncurrent assets 43  
Other undisclosed noncurrent assets 4989138
Total noncurrent assets: 2,0592,0652,021
TOTAL ASSETS: 3,4103,4963,361
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 529509582
Taxes payable 243718
Employee-related liabilities 636744
Accounts payable 442405520
Debt  162
Disposal group, including discontinued operation   21
Other liabilities 137181164
Other undisclosed current liabilities 32  
Total current liabilities: 698691829
Noncurrent Liabilities
Long-term debt and lease obligation, including: 1,0141,0681,125
Long-term debt, excluding current maturities 1,0141,0681,125
Other undisclosed long-term debt and lease obligation   (67)
Liabilities, other than long-term debt 164164141
Deferred income tax liabilities 132847
Other liabilities 15113694
Operating lease, liability   67
Total noncurrent liabilities: 1,1781,2321,266
Total liabilities: 1,8761,9232,095
Temporary equity, including noncontrolling interest 233610
Equity
Equity, attributable to parent 1,5111,5371,256
Common stock 111
Additional paid in capital 2,6702,6292,381
Accumulated other comprehensive loss (79)(66)(86)
Accumulated deficit (1,081)(1,027)(1,040)
Total equity: 1,5111,5371,256
TOTAL LIABILITIES AND EQUITY: 3,4103,4963,361

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
Revenues 4,5754,3393,976
Cost of revenue
(Cost of Product and Service Sold)		 (3,717)(3,541)(3,227)
Gross profit: 858798749
Operating expenses (881)(867)(1,746)
Operating loss: (23)(69)(997)
Nonoperating income 19224
Investment income, nonoperating  17
Other nonoperating income 19117
Interest and debt expense (32)(47)(56)
Loss from continuing operations before income taxes: (54)(24)(1,029)
Income tax benefit 277
Loss from continuing operations: (52)(17)(1,022)
Loss before gain (loss) on sale of properties:✕(52)(17)(1,022)
Other undisclosed net loss (2)  
Net loss: (54)(17)(1,022)
Net income (loss) attributable to noncontrolling interest  (2)3
Net loss attributable to parent: (54)(19)(1,019)
Other undisclosed net loss available to common stockholders, basic  (7) 
Net loss available to common stockholders, diluted: (54)(26)(1,019)

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
Net loss: (54)(17)(1,022)
Other comprehensive income (loss) (13)20(4)
Comprehensive income (loss): (67)3(1,026)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (4)2
Comprehensive loss, net of tax, attributable to parent: (67)(1)(1,024)

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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