CBS Corporation (CBS) financial statements (2020 and earlier)

Company profile

Business Address 51 WEST 52ND STREET
NEW YORK, NY 10019
State of Incorp. DE
Fiscal Year End December 31
SIC 4833 - Television Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
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 investments196322285598323428397
Cash and cash equivalents196322285598323428397
Receivables3,6854,0413,6973,3143,6283,4593,415
Inventory, net of allowances, customer advances and progress billings1,9641,9881,8281,4271,271922772
Inventory1,9641,9881,8281,4271,271922772
Prepaid expense218149194185175129194
Disposal group, including discontinued operation  1305  36
Other current assets210225190204249386392
Other undisclosed current assets 277830101265164
Total current assets:6,2736,7526,2736,0635,7475,5895,370
Noncurrent Assets
Inventory, Noncurrent4,8613,8832,8812,4391,9571,8171,697
Operating lease, right-of-use asset1,001
Property, plant and equipment1,1711,2091,2801,2411,4051,4332,236
Long-term investments and receivables     2,1621,788
Long-term investments     222228
Accounts and financing receivable, after allowance for credit loss     1,9401,560
Intangible assets, net (including goodwill)7,7197,5587,5577,49711,99512,70614,992
Goodwill5,0644,9204,8914,8646,4816,6988,562
Intangible assets, net (excluding goodwill)2,6552,6382,6662,6335,5146,0086,430
Disposal group, including discontinued operation, noncurrent assets  124,291 39
Deferred income tax assets779
Other noncurrent assets2,6722,4242,8402,7072,6612,4882,010
Assets of disposal group, including discontinued operation82
Other undisclosed noncurrent assets 33   (2,162)(1,788)
Total noncurrent assets:18,20315,10714,57018,17518,01818,48321,017
TOTAL ASSETS:24,47621,85920,84324,23823,76524,07226,387
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8831,0691,1521,1491,0961,2401,483
Accounts payable308201231148192302371
Accrued liabilities1,201522578632589605668
Employee-related liabilities280346343369315333389
Taxes payable94     55
Debt50687698473222636496
Disposal group, including discontinued operation  32155 2634
Program rights obligations635704373290374404398
Contract with customer, liability222
Other liabilities1,554714512465560522496
Other undisclosed current liabilities 1,1771,2051,1761,3081,2051,300
Total current liabilities:4,1224,5733,9723,7083,5604,0334,207
Noncurrent Liabilities
Long-term debt and lease obligation, including:9,3599,4659,4648,9028,2266,5105,940
Finance lease, liability24
Operating lease, liability948
Other undisclosed long-term debt and lease obligation8,3879,4659,4648,9028,2266,5105,940
Liabilities, other than long-term debt4,9953,4593,5256,6175,0985,2925,152
Pension and other postretirement defined benefit plans, liabilities1,330
Deferred tax liabilities, net  5901,5091,5301,583
Deferred income tax liabilities552
Liability, pension and other postretirement and postemployment benefits1,3541,3881,3281,7691,5751,564
Disposal group, including discontinued operation, liabilities  422,45172118148
Other liabilities3,0892,0712,1551,8071,9422,0802,091
Other undisclosed noncurrent liabilities      1,122
Total noncurrent liabilities:14,35412,92412,98915,51913,32411,80212,214
Total liabilities:18,47617,49716,96119,22716,88415,83516,421
Stockholders' equity
Stockholders' equity attributable to parent5,0522,8041,9783,6895,5636,9709,966
Common stock1111111
Treasury stock, value(22,858)(22,858)(22,258)(20,201)(17,205)(14,406)(8,074)
Additional paid in capital43,51043,63743,79743,91344,05544,04143,474
Accumulated other comprehensive loss(918)(775)(662)(767)(770)(735)(545)
Accumulated deficit(14,683)(17,201)(18,900)(19,257)(20,518)(21,931)(24,890)
Total stockholders' equity:5,0522,8041,9783,6895,5636,9709,966
Other undisclosed liabilities and equity9481,5581,9041,3221,3181,267 
TOTAL LIABILITIES AND EQUITY:24,47621,85920,84324,23823,76524,07226,387

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues15,29514,51413,69213,16613,88613,80615,284
Revenue, net9,93410,18811,16211,44413,063
Cost of revenue(10,199)(9,234)(8,482)(7,985)(8,324)(8,089)(8,813)
Cost of goods and services sold(9,940)(9,111)(8,438)(7,956)(8,324)(8,089)(8,813)
Gross profit:5,0965,2805,2105,1815,5625,7176,471
Operating expenses(2,025)(2,512)(2,787)(2,560)(3,145)(2,830)(3,227)
Other undisclosed operating income     915
Operating income:3,0712,7682,4232,6212,4172,8963,259
Nonoperating income (expense)(83)(69)(2)(12)(26)(17)14
Investment income, nonoperating     138
Other nonoperating income (expense)(83)(69)(2)(12)(26)(30)6
Interest and debt expense(464)(467)(506)(411)(392)(715)(376)
Other undisclosed income from continuing operations before equity method investments, income taxes5257643224  
Income from continuing operations before equity method investments, income taxes:2,5762,2891,9792,2302,0232,1642,897
Loss from equity method investments(56)(56)(37)(50)(33)(48)(46)
Income from continuing operations before income taxes:2,5202,2331,9422,1801,9902,1162,851
Income tax expense (benefit)383(273)(633)(628)(587)(762)(978)
Income from continuing operations:2,9031,9601,3091,5521,4031,3541,873
Income from discontinued operations    101,6106
Net income:2,9031,9601,3091,5521,4132,9641,879
Other undisclosed net loss attributable to parent  (952)(291) (5) 
Net income available to common stockholders, diluted:2,9031,9603571,2611,4132,9591,879

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2,9031,9601,3091,5521,4132,9641,879
Other comprehensive income (loss)4729(106)(3)1910524
Comprehensive income:2,9501,9891,2031,5491,4323,0691,903
Other undisclosed comprehensive loss, net of tax, attributable to parent(155)(142)(741)(285)(54)(300) 
Comprehensive income, net of tax, attributable to parent:2,7951,8474621,2641,3782,7691,903

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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