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)
Annual | Quarterly

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 investments632322285598323428397
Cash and cash equivalents632322285598323428397
Receivables7,2064,0413,6973,3143,6283,4593,415
Inventory, net of allowances, customer advances and progress billings2,8761,9881,8281,4271,271922772
Inventory2,8761,9881,8281,4271,271922772
Prepaid expense401149194185175129194
Disposal group, including discontinued operation  1305  36
Other current assets787225190204249386392
Other undisclosed current assets 277830101265164
Total current assets:11,9026,7526,2736,0635,7475,5895,370
Noncurrent Assets
Inventory, Noncurrent8,6523,8832,8812,4391,9571,8171,697
Finance lease, right-of-use asset35✕✕✕✕✕✕
Operating lease, right-of-use asset1,939✕✕✕✕✕✕
Property, plant and equipment 1,2091,2801,2411,4051,4332,236
Long-term investments and receivables494    2,1621,788
Long-term investments494    222228
Accounts and financing receivable, after allowance for credit loss     1,9401,560
Intangible assets, net (including goodwill)19,9737,5587,5577,49711,99512,70614,992
Goodwill16,9804,9204,8914,8646,4816,6988,562
Intangible assets, net (excluding goodwill)2,9932,6382,6662,6335,5146,0086,430
Regulated entity, other noncurrent assets92      
Disposal group, including discontinued operation, noncurrent assets10 124,291 39✕
Deferred income tax assets939✕✕✕✕✕✕
Other noncurrent assets4,0062,4242,8402,7072,6612,4882,010
Assets of disposal group, including discontinued operation✕✕✕✕✕✕82
Other undisclosed noncurrent assets1,47733   (2,162)(1,788)
Total noncurrent assets:37,61715,10714,57018,17518,01818,48321,017
TOTAL ASSETS:49,51921,85920,84324,23823,76524,07226,387
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,4271,0691,1521,1491,0961,2401,483
Accounts payable667201231148192302371
Accrued liabilities1,760522578632589605668
Employee-related liabilities 346343369315333389
Taxes payable      55
Deferred revenue739✕✕✕✕✕✕
Debt717687698473222636496
Disposal group, including discontinued operation  32155 2634
Program rights obligations1,500704373290374404398
Contract with customer, liability✕222✕✕✕✕✕
Other liabilities1,688714512465560522496
Other undisclosed current liabilities1,9771,1771,2051,1761,3081,2051,300
Total current liabilities:9,0484,5733,9723,7083,5604,0334,207
Noncurrent Liabilities
Long-term debt and lease obligation, including:18,0029,4659,4648,9028,2266,5105,940
Finance lease, liability25✕✕✕✕✕✕
Operating lease, liability1,909✕✕✕✕✕✕
Other undisclosed long-term debt and lease obligation16,0689,4659,4648,9028,2266,5105,940
Liabilities, other than long-term debt5,4713,4593,5256,6175,0985,2925,152
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕1,330
Deferred tax liabilities, net✕  5901,5091,5301,583
Deferred income tax liabilities500✕✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits2,1211,3881,3281,7691,5751,564✕
Disposal group, including discontinued operation, liabilities  422,45172118148
Other liabilities2,4942,0712,1551,8071,9422,0802,091
Program rights obligations356      
Other undisclosed noncurrent liabilities3,455     1,122
Total noncurrent liabilities:26,92812,92412,98915,51913,32411,80212,214
Total liabilities:35,97617,49716,96119,22716,88415,83516,421
Temporary equity, carrying amount254      
Stockholders' equity
Stockholders' equity attributable to parent, including:13,2072,8041,9783,6895,5636,9709,966
Common stock 111111
Treasury stock, value(22,908)(22,858)(22,258)(20,201)(17,205)(14,406)(8,074)
Additional paid in capital29,59043,63743,79743,91344,05544,04143,474
Accumulated other comprehensive loss(1,970)(775)(662)(767)(770)(735)(545)
Retained earnings (accumulated deficit)8,494(17,201)(18,900)(19,257)(20,518)(21,931)(24,890)
Other undisclosed stockholders' equity attributable to parent1      
Stockholders' equity attributable to noncontrolling interest82      
Total stockholders' equity:13,2892,8041,9783,6895,5636,9709,966
Other undisclosed liabilities and equity 1,5581,9041,3221,3181,267 
TOTAL LIABILITIES AND EQUITY:49,51921,85920,84324,23823,76524,07226,387

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues27,81214,51413,69213,16613,88613,80615,284
Revenue, net✕✕9,93410,18811,16211,44413,063
Cost of revenue(17,829)(9,234)(8,482)(7,985)(8,324)(8,089)(8,813)
Cost of goods and services sold(17,223)(9,111)(8,438)(7,956)(8,324)(8,089)(8,813)
Gross profit:9,9835,2805,2105,1815,5625,7176,471
Operating expenses(6,259)(2,512)(2,787)(2,560)(3,145)(2,830)(3,227)
Other undisclosed operating income549    915
Operating income:4,2732,7682,4232,6212,4172,8963,259
Nonoperating income (expense)(145)(69)(2)(12)(26)(17)14
Investment income, nonoperating     138
Other nonoperating income (expense)(145)(69)(2)(12)(26)(30)6
Interest and debt expense(962)(467)(506)(411)(392)(715)(376)
Other undisclosed income from continuing operations before equity method investments, income taxes17957643224  
Income from continuing operations before equity method investments, income taxes:3,3452,2891,9792,2302,0232,1642,897
Loss from equity method investments(53)(56)(37)(50)(33)(48)(46)
Income from continuing operations before income taxes:3,2922,2331,9422,1801,9902,1162,851
Income tax expense (benefit)9(273)(633)(628)(587)(762)(978)
Income from continuing operations:3,3011,9601,3091,5521,4031,3541,873
Income (loss) from discontinued operations(12)   101,6106
Income before gain (loss) on sale of properties:3,2891,9601,3091,5521,4132,9641,879
Other undisclosed net income50      
Net income:3,3391,9601,3091,5521,4132,9641,879
Net loss attributable to noncontrolling interest(31)      
Other undisclosed net loss attributable to parent  (952)(291) (5) 
Net income available to common stockholders, diluted:3,3081,9603571,2611,4132,9591,879

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:3,3391,9601,3091,5521,4132,9641,879
Other comprehensive income (loss)(130)29(106)(3)1910524
Comprehensive income:3,2091,9891,2031,5491,4323,0691,903
Comprehensive loss, net of tax, attributable to noncontrolling interest(33)      
Other undisclosed comprehensive loss, net of tax, attributable to parent (142)(741)(285)(54)(300) 
Comprehensive income, net of tax, attributable to parent:3,1761,8474621,2641,3782,7691,903

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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