CorVel Corp. (CRVL) financial statements (2021 and earlier)

Company profile

Business Address 2010 MAIN STREE
IRVINE, CA 92614
State of Incorp. DE
Fiscal Year End March 31
SIC 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments129 92562933
Cash and cash equivalents129 92562933
Receivables64 71656360
Prepaid expense12 7755
Deposits current assets54 45353226
Total current assets:259 215163129123
Noncurrent Assets
Operating lease, right-of-use asset87 
Property, plant and equipment72 62696353
Intangible assets, net (including goodwill)39 40404141
Goodwill37 37373737
Intangible assets, net (excluding goodwill)2 3344
Other noncurrent assets0 1133
Total noncurrent assets:199 10311110797
TOTAL ASSETS:458 318274235220
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities153 105968878
Accounts payable12  121411
Accrued liabilities141 105857367
Taxes payable    1 
Liability for uncertainty in income taxes   2  
Other undisclosed current liabilities5 11 22
Total current liabilities:159 117989080
Noncurrent Liabilities
Long-term debt and lease obligation82     
Operating lease, liability82 
Liabilities, other than long-term debt7 6578
Deferred tax liabilities, net6578
Deferred income tax liabilities7 
Total noncurrent liabilities:89 6578
Total liabilities:248 1231039788
Stockholders' equity
Stockholders' equity attributable to parent210 195171139132
Common stock0 0000
Treasury stock, value(554) (466)(431)(420)(392)
Additional paid in capital180 156144136130
Retained earnings584 505458423393
Total stockholders' equity:210 195171139132
TOTAL LIABILITIES AND EQUITY:458 318274235220

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues555 596558519504
Revenue, net558519504
Cost of revenue
(Cost of Goods and Services Sold)
(433) (471)(451)(414)(399)
Gross profit:122 125107105105
Operating expenses(66) (63)(59)(57)(58)
Operating income:55 62484846
Interest and debt expense(0)     
Income from continuing operations before equity method investments, income taxes:55 62484846
Other undisclosed income from continuing operations before income taxes0     
Income from continuing operations before income taxes:55 62484846
Income tax expense(11) (15)(12)(18)(18)
Net income available to common stockholders, diluted:44 47362929

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income:44 47362929
Comprehensive income, net of tax, attributable to parent:44 47362929

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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