Cigna Corporation (CI) financial statements (2022 and earlier)

Company profile

Business Address 900 COTTAGE GROVE ROAD
BLOOMFIELD, CT 06002
State of Incorp. DE
Fiscal Year End December 31
SIC 6324 - Hospital and Medical Service Plans (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,00111,5135,5565,900
Cash and cash equivalents5,08110,1824,6193,855
Short-term investments9201,3319372,045
Receivables15,07112,19110,71610,473
Inventory, net of allowances, customer advances and progress billings3,7223,1652,6612,821
Inventory3,7223,1652,6612,821
Disposal group, including discontinued operation10,057 9,512 
Other current assets1,2839301,4001,236
Total current assets:36,13427,79929,84520,430
Noncurrent Assets
Finance lease, right-of-use asset505287
Operating lease, right-of-use asset 552536
Property, plant and equipment3,6924,2054,4174,562
Long-term investments and receivables18,43823,26221,54226,929
Long-term investments18,43823,26221,54226,929
Intangible assets, net (including goodwill)79,91379,82781,16483,508
Goodwill45,81144,64844,60244,505
Intangible assets, net (excluding goodwill)34,10235,17936,56239,003
Restricted cash and investments 63  
Other noncurrent assets2,7282,6872,2831,630
Other undisclosed noncurrent assets13,93417,00415,90016,167
Total noncurrent assets:118,755127,652125,929132,796
TOTAL ASSETS:154,889155,451155,774153,226
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,6555,4785,0904,366
Accounts payable6,6555,4785,0904,366
Debt2,5453,3745,5142,955
Disposal group, including discontinued operation6,423 6,812 
Other undisclosed current liabilities27,94927,17022,72224,574
Total current liabilities:43,57236,02240,13831,895
Noncurrent Liabilities
Long-term debt and lease obligation, including:31,12529,54531,89339,523
Long-term debt, excluding current maturities2836  
Finance lease, liability283661
Operating lease, liability 491465
Other undisclosed long-term debt and lease obligation31,06928,98231,36739,523
Liabilities, other than long-term debt12,10813,56813,84712,923
Deferred tax liabilities, net9,453
Deferred income tax liabilities8,3468,9399,387
Other liabilities3,7624,6294,4603,470
Other undisclosed noncurrent liabilities20,90025,93024,51727,813
Total noncurrent liabilities:64,13369,04370,25780,259
Total liabilities:107,705105,065110,395112,154
Temporary equity, carrying amount54583537
Stockholders' equity
Stockholders' equity attributable to parent47,11250,32145,33841,028
Common stock4444
Treasury stock, value(14,175)(6,372)(2,193)(104)
Additional paid in capital29,57428,97528,30627,751
Accumulated other comprehensive loss(884)(861)(941)(1,711)
Retained earnings32,59328,57520,16215,088
Stockholders' equity attributable to noncontrolling interest18767
Total stockholders' equity:47,13050,32845,34441,035
TOTAL LIABILITIES AND EQUITY:154,889155,451155,774153,226

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues174,078160,401153,56648,650
Premiums earned, net41,15442,62739,71436,113
Cost of revenue(151,115)(136,194)(128,487)(32,321)
Cost of goods and services sold(117,553)(103,484)(97,668)(4,793)
Policyholder benefits and claims incurred, net(33,562)(32,710)(30,819)(27,528)
Gross profit:22,96324,20725,07916,329
Operating expenses(15,028)(16,054)(17,002)(12,169)
Operating income:7,9358,1538,0774,160
Nonoperating expense
(Other Nonoperating expense)
(1,208)(1,438)(1,682)(498)
Interest and debt expense(141)(199)(2)(507)
Income from continuing operations before equity method investments, income taxes:6,5866,5166,3933,155
Other undisclosed income from continuing operations before income taxes1964,352177426
Income from continuing operations before income taxes:6,78210,8686,5703,581
Income tax expense(1,367)(2,379)(1,450)(935)
Net income:5,4158,4895,1202,646
Net loss attributable to noncontrolling interest(50)(31)(16)(9)
Net income available to common stockholders, diluted:5,3658,4585,1042,637

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:5,4158,4895,1202,646
Other comprehensive income (loss)  765(390)
Other undisclosed comprehensive loss   (15)
Comprehensive income:5,4158,4895,8852,241
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(36)(23)(11)6
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(37)72  
Comprehensive income, net of tax, attributable to parent:5,3428,5385,8742,247

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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