CVS Health Corporation (CVS) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,52512,84110,1258,78810,85412,08717,465
Cash and cash equivalents9,4089,8267,1195,5987,8549,25614,869
Short-term investments3,1173,0153,0063,1903,0002,8312,596
Receivables24,43125,28324,16423,85521,74223,81622,520
Inventory, net of allowances, customer advances and progress billings17,76017,39916,97917,61818,49617,47816,519
Inventory17,76017,39916,97917,61818,49617,47816,519
Other current assets5,2925,3195,2915,4585,2775,8306,002
Total current assets:60,00860,84256,55955,71956,36959,21162,506
Noncurrent Assets
Operating lease, right-of-use asset19,12220,46220,47620,54220,72920,48420,571
Property, plant and equipment12,89612,77112,66412,61112,60612,34912,221
Long-term investments and receivables23,02522,37022,13621,02520,81220,21618,594
Long-term investments23,02522,37022,13621,02520,81220,21618,594
Intangible assets, net (including goodwill)108,147108,666109,632110,191110,694111,276112,282
Goodwill79,12179,12179,55279,55279,55279,57980,057
Intangible assets, net (excluding goodwill)29,02629,54530,08030,63931,14231,69732,225
Restricted cash and investments218218218313276276276
Other noncurrent assets4,7144,6944,8174,8264,6244,5694,682
Other undisclosed noncurrent assets4,8694,8684,6624,3794,6054,5174,363
Total noncurrent assets:172,991174,049174,605173,887174,346173,687172,989
TOTAL ASSETS:232,999234,891231,164229,606230,715232,898235,495
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30,21428,83625,87925,11625,38126,00625,553
Accounts payable12,54412,69611,05210,80411,13811,6779,919
Accrued liabilities17,67016,14014,82714,31214,24314,32915,634
Deferred revenue87787980717578
Debt4,2051,561602,6745,4405,4438,192
Other undisclosed current liabilities33,30134,23433,29332,23431,12530,52029,871
Total current liabilities:67,80764,70959,31160,10462,01762,04463,694
Noncurrent Liabilities
Long-term debt and lease obligation, including:51,97156,83259,29459,27059,20761,55263,481
Long-term debt, excluding current maturities      63,481
Finance lease, liability1,250   1,050  
Operating lease, liability18,17718,45618,50918,58718,75718,48918,612
Other undisclosed long-term debt and lease obligation32,54438,37640,78540,68339,40043,063(18,612)
Liabilities, other than long-term debt8,1748,6398,8718,9199,1459,7739,444
Deferred income tax liabilities6,2706,3296,5576,6106,7947,2537,136
Other liabilities1,9042,3102,3142,3092,3512,5202,308
Other undisclosed noncurrent liabilities29,66630,09330,12330,14930,64530,41730,521
Total noncurrent liabilities:89,81195,56498,28898,33898,997101,742103,446
Total liabilities:157,618160,273157,599158,442161,014163,786167,140
Stockholders' equity
Stockholders' equity attributable to parent, including:75,07574,30873,24470,85069,38968,80768,022
Common stock17171717171717
Treasury stock, value(28,173)(28,166)(28,252)(28,102)(28,178)(28,164)(28,235)
Accumulated other comprehensive income9651,0771,1701,0221,4141,2551,213
Retained earnings54,90654,26453,33151,20349,64049,32848,768
Other undisclosed stockholders' equity attributable to parent47,36047,11646,97846,71046,49646,37146,259
Stockholders' equity attributable to noncontrolling interest306310321314312305333
Total stockholders' equity:75,38174,61873,56571,16469,70169,11268,355
TOTAL LIABILITIES AND EQUITY:232,999234,891231,164229,606230,715232,898235,495

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues76,60473,79472,61669,09769,55467,05665,341
Premiums earned, net19,20518,98418,98318,96017,61517,18216,927
Cost of revenue(72,746)(69,721)(59,421)(56,598)(89,414)(55,336)(51,993)
Cost of goods and services sold (45,011)(43,520)(40,894) (40,940)(40,242)
Gross profit:3,8584,07313,19512,499(19,860)11,72013,348
Operating expenses(1,629)(1,012)(8,869)(8,922)22,384(8,471)(8,668)
Operating income:2,2293,0614,3263,5772,5243,2494,680
Nonoperating income
(Other Nonoperating income)
38494550535445
Interest and debt expense(697)(965)(636)(657)(586)(1,497)(765)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (766)  
Income from continuing operations before income taxes:1,5702,1453,7352,9701,2251,8063,960
Income tax expense(274)(558)(944)(746)(241)(587)(974)
Income from continuing operations:1,2961,5872,7912,2249841,2192,986
Other undisclosed loss before gain (loss) on sale of properties    (9)  
Net income:1,2961,5872,7912,2249751,2192,986
Net income (loss) attributable to noncontrolling interest1011(8)(1)(2)5(11)
Net income available to common stockholders, diluted:1,3061,5982,7832,2239731,2242,975

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:1,2961,5872,7912,2249751,2192,986
Other comprehensive income (loss)(112)(93)148(392)15942526
Comprehensive income:1,1841,4942,9391,8321,1341,2613,512
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1011(8)(1)(2)5(11)
Comprehensive income, net of tax, attributable to parent:1,1941,5052,9311,8311,1321,2663,501

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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