CVS Health Corporation (CVS) financial statements (2020 and earlier)

Company profile

Business Address ONE CVS DR.
WOONSOCKET, RI 02895
State of Incorp. DE
Fiscal Year End December 31
SIC 5912 - Drug Stores and Proprietary Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,0566,5811,8073,4582,5472,5154,177
Cash and cash equivalents5,6834,0591,6963,3712,4592,4814,089
Short-term investments2,3732,52211187883488
Receivables19,61717,63113,18112,16411,8889,6878,729
Inventory, net of allowances, customer advances and progress billings17,51616,45015,29614,76014,00111,93011,045
Inventory17,51616,45015,29614,76014,00111,93011,045
Other current assets5,1134,581945660722866472
Other undisclosed current assets    1,220985902
Total current assets:50,30245,24331,22931,04230,37825,98325,325
Noncurrent Assets
Operating lease, right-of-use asset20,860
Property, plant and equipment12,04411,34910,29210,1759,8558,8438,615
Long-term investments and receivables17,31415,732   51 
Long-term investments17,31415,732   51 
Intangible assets, net (including goodwill)112,870115,20252,08151,76051,98437,91636,071
Goodwill79,74978,67838,45138,24938,10628,14226,542
Intangible assets, net (excluding goodwill)33,12136,52413,63013,51113,8789,7749,529
Restricted cash and investments271      
Other noncurrent assets4,6005,0461,5291,4851,4401,5101,515
Other undisclosed noncurrent assets4,1883,884   (51) 
Total noncurrent assets:172,147151,21363,90263,42063,27948,26946,201
TOTAL ASSETS:222,449196,45695,13194,46293,65774,25271,526
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22,62519,63615,47214,88314,31912,36310,316
Accounts payable10,4928,9258,8637,9467,4906,5475,548
Accrued liabilities12,13310,7116,6096,9376,8295,8164,768
Deferred revenue73
Debt5,4041,9854,8211,9161,1971,260561
Other undisclosed current liabilities25,20122,38810,3559,4517,6535,4044,548
Total current liabilities:53,30344,00930,64826,25023,16919,02715,425
Noncurrent Liabilities
Long-term debt and lease obligation, including:64,69971,44422,18125,61526,26711,69512,841
Long-term debt, excluding current maturities 71,44422,18125,61526,26711,69512,841
Finance lease, liability781
Operating lease, liability18,926
Other undisclosed long-term debt and lease obligation44,992      
Liabilities, other than long-term debt9,4562,7804,6075,7636,9795,5675,322
Deferred tax liabilities, net 2,9964,2145,4374,0363,901
Deferred income tax liabilities7,294
Other liabilities2,1622,7801,6111,5491,5421,5311,421
Other undisclosed noncurrent liabilities30,82119,680     
Total noncurrent liabilities:104,97693,90426,78831,37833,24617,26218,163
Total liabilities:158,279137,91357,43657,62856,41536,28933,588
Temporary equity, carrying amount    39  
Stockholders' equity
Stockholders' equity attributable to parent, including:63,86458,22537,69136,83037,19637,95837,969
Common stock17171717171717
Treasury stock, value(28,235)(28,228)(37,765)(33,452)(28,886)(24,078)(20,169)
Additional paid in capital  32,07931,61830,94830,41829,777
Accumulated other comprehensive income (loss)1,019102(165)(305)(358)(217)(149)
Retained earnings45,10840,91143,55638,98335,50631,84928,493
Other undisclosed stockholders' equity attributable to parent45,95545,423(31)(31)(31)(31) 
Stockholders' equity attributable to noncontrolling interest3063184475 
Other undisclosed stockholders' equity      (31)
Total stockholders' equity:64,17058,54337,69536,83437,20337,96337,938
TOTAL LIABILITIES AND EQUITY:222,449196,45695,13194,46293,65774,25271,526

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues256,776194,579184,765177,526153,290139,367126,761
Premiums earned, net63,122 
Cost of revenue(211,248)(163,041)(156,220)(148,669)(126,762)(114,000)(102,978)
Cost of goods and services sold(158,719)(156,447)     
Policyholder benefits and claims incurred, net(52,529) 
Gross profit:45,52831,53828,54528,85726,52825,36723,783
Operating expenses(33,541)(27,517)(19,028)(18,519)(17,074)(16,568)(15,746)
Operating income:11,9874,0219,51710,3389,4548,7998,037
Nonoperating income (expense)1244(187)2021158
Investment income, nonoperating  212021158
Other nonoperating income (expense)1244(208)    
Interest and debt expense(3,114)(2,619)(1,062)(1,721)(859)(1,136)(517)
Income from continuing operations before income taxes:8,9971,4068,2688,6378,6167,6787,528
Income tax expense(2,366)(2,002)(1,637)(3,317)(3,386)(3,033)(2,928)
Income (loss) from continuing operations:6,631(596)6,6315,3205,2304,6454,600
Income (loss) from discontinued operations  (8)(1)9(1)(8)
Net income (loss):6,631(596)6,6235,3195,2394,6444,592
Net income (loss) attributable to noncontrolling interest32(1)(2)(2)  
Net income (loss) available to common stockholders, diluted:6,634(594)6,6225,3175,2374,6444,592

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):6,631(596)6,6235,3195,2394,6444,592
Other comprehensive income (loss)91727414053(141)(68)32
Comprehensive income (loss):7,548(322)6,7635,3725,0984,5764,624
Comprehensive income (loss), net of tax, attributable to noncontrolling interest32(1)(2)(2)  
Comprehensive income (loss), net of tax, attributable to parent:7,551(320)6,7625,3705,0964,5764,624

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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