CBS Corporation (CBS) financial statements (2021 and earlier)

Company profile

Business Address 1515 BROADWAY
NEW YORK, NY 10036
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,984632322285598323428
Cash and cash equivalents2,984632322285598323428
Receivables7,0177,2064,0413,6973,3143,6283,459
Inventory, net of allowances, customer advances and progress billings1,7572,8761,9881,8281,4271,271922
Inventory1,7572,8761,9881,8281,4271,271922
Prepaid expense622401149194185175129
Disposal group, including discontinued operation630  1305  
Other current assets769787225190204249386
Other undisclosed current assets  277830101265
Total current assets:13,77911,9026,7526,2736,0635,7475,589
Noncurrent Assets
Inventory, Noncurrent10,3638,6523,8832,8812,4391,9571,817
Finance lease, right-of-use asset1935
Operating lease, right-of-use asset1,6021,939
Property, plant and equipment  1,2091,2801,2411,4051,433
Long-term investments and receivables536494    2,162
Long-term investments536494    222
Accounts and financing receivable, after allowance for credit loss      1,940
Intangible assets, net (including goodwill)19,43819,9737,5587,5577,49711,99512,706
Goodwill16,61216,9804,9204,8914,8646,4816,698
Intangible assets, net (excluding goodwill)2,8262,9932,6382,6662,6335,5146,008
Regulated entity, other noncurrent assets10792     
Disposal group, including discontinued operation, noncurrent assets80910 124,291 39
Deferred income tax assets993939
Other noncurrent assets3,6574,0062,4242,8402,7072,6612,488
Other undisclosed noncurrent assets1,3601,47733   (2,162)
Total noncurrent assets:38,88437,61715,10714,57018,17518,01818,483
TOTAL ASSETS:52,66349,51921,85920,84324,23823,76524,072
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2852,4271,0691,1521,1491,0961,240
Accounts payable571667201231148192302
Accrued liabilities1,7141,760522578632589605
Employee-related liabilities  346343369315333
Deferred revenue978739
Debt16717687698473222636
Disposal group, including discontinued operation480  32155 26
Program rights obligations1,1411,500704373290374404
Contract with customer, liability222
Other liabilities1,3911,688714512465560522
Other undisclosed current liabilities2,0051,9771,1771,2051,1761,3081,205
Total current liabilities:8,2969,0484,5733,9723,7083,5604,033
Noncurrent Liabilities
Long-term debt and lease obligation, including:19,71718,0029,4659,4648,9028,2266,510
Finance lease, liability1025
Operating lease, liability1,5831,909
Other undisclosed long-term debt and lease obligation18,12416,0689,4659,4648,9028,2266,510
Liabilities, other than long-term debt5,2775,4713,4593,5256,6175,0985,292
Deferred tax liabilities, net  5901,5091,530
Deferred income tax liabilities778500
Liability, pension and other postretirement and postemployment benefits2,0982,1211,3881,3281,7691,5751,564
Disposal group, including discontinued operation, liabilities   422,45172118
Other liabilities2,1582,4942,0712,1551,8071,9422,080
Program rights obligations243356     
Other undisclosed noncurrent liabilities3,1203,455     
Total noncurrent liabilities:28,11426,92812,92412,98915,51913,32411,802
Total liabilities:36,41035,97617,49716,96119,22716,88415,835
Temporary equity, carrying amount197254     
Stockholders' equity
Stockholders' equity attributable to parent, including:15,37113,2072,8041,9783,6895,5636,970
Common stock  11111
Treasury stock, value(22,958)(22,908)(22,858)(22,258)(20,201)(17,205)(14,406)
Additional paid in capital29,78529,59043,63743,79743,91344,05544,041
Accumulated other comprehensive loss(1,832)(1,970)(775)(662)(767)(770)(735)
Retained earnings (accumulated deficit)10,3758,494(17,201)(18,900)(19,257)(20,518)(21,931)
Other undisclosed stockholders' equity attributable to parent11     
Stockholders' equity attributable to noncontrolling interest68582     
Total stockholders' equity:16,05613,2892,8041,9783,6895,5636,970
Other undisclosed liabilities and equity  1,5581,9041,3221,3181,267
TOTAL LIABILITIES AND EQUITY:52,66349,51921,85920,84324,23823,76524,072

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues25,28527,81214,51413,69213,16613,88613,806
Revenue, net9,93410,18811,16211,444
Cost of revenue(15,012)(17,829)(9,234)(8,482)(7,985)(8,324)(8,089)
Cost of goods and services sold(14,992)(17,223)(9,111)(8,438)(7,956)(8,324)(8,089)
Gross profit:10,2739,9835,2805,2105,1815,5625,717
Operating expenses(6,348)(6,259)(2,512)(2,787)(2,560)(3,145)(2,830)
Other undisclosed operating income214549    9
Operating income:4,1394,2732,7682,4232,6212,4172,896
Nonoperating income (expense)105(145)(69)(2)(12)(26)(17)
Investment income, nonoperating206     13
Other nonoperating expense(101)(145)(69)(2)(12)(26)(30)
Interest and debt expense(1,157)(962)(467)(506)(411)(392)(715)
Other undisclosed income from continuing operations before equity method investments, income taxes6017957643224 
Income from continuing operations before equity method investments, income taxes:3,1473,3452,2891,9792,2302,0232,164
Loss from equity method investments(28)(53)(56)(37)(50)(33)(48)
Income from continuing operations before income taxes:3,1193,2922,2331,9422,1801,9902,116
Income tax expense (benefit)(535)9(273)(633)(628)(587)(762)
Income from continuing operations:2,5843,3011,9601,3091,5521,4031,354
Income (loss) from discontinued operations(38)(12)   101,610
Income before gain (loss) on sale of properties:2,5463,2891,9601,3091,5521,4132,964
Other undisclosed net income15550     
Net income:2,7013,3391,9601,3091,5521,4132,964
Net loss attributable to noncontrolling interest(279)(31)     
Other undisclosed net loss attributable to parent   (952)(291) (5)
Net income available to common stockholders, diluted:2,4223,3081,9603571,2611,4132,959

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:2,7013,3391,9601,3091,5521,4132,964
Other comprehensive income (loss)137(130)29(106)(3)19105
Comprehensive income:2,8383,2091,9891,2031,5491,4323,069
Comprehensive loss, net of tax, attributable to noncontrolling interest(278)(33)     
Other undisclosed comprehensive loss, net of tax, attributable to parent  (142)(741)(285)(54)(300)
Comprehensive income, net of tax, attributable to parent:2,5603,1761,8474621,2641,3782,769

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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