CorVel Corp. (CRVL) financial statements (2020 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)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments90925629332635
Cash and cash equivalents90925629332635
Receivables66716563607069
Prepaid expense97755126
Deposits current assets464535322617 
Other undisclosed current assets     (5)11
Total current assets:211215163129123119121
Noncurrent Assets
Operating lease, right-of-use asset94
Property, plant and equipment77626963535651
Intangible assets, net (including goodwill)39404041414642
Goodwill37373737373737
Intangible assets, net (excluding goodwill)3334495
Other noncurrent assets2113320
Other undisclosed noncurrent assets     (5) 
Total noncurrent assets:2121031111079710094
TOTAL ASSETS:422318274235220219214
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1321059688789290
Accounts payable17 1214111417
Accrued liabilities1151058573675853
Employee-related liabilities     1818
Taxes payable   1 21
Liability for uncertainty in income taxes  2    
Self insurance reserve     33
Deferred revenue and credits   75
Customer advances and deposits   18
Other undisclosed current liabilities311 22(46)(26)
Total current liabilities:1361179890807472
Noncurrent Liabilities
Long-term debt and lease obligation88      
Operating lease, liability88
Liabilities, other than long-term debt 65781716
Deferred tax liabilities, net65781716
Other undisclosed noncurrent liabilities5      
Total noncurrent liabilities:9365781716
Total liabilities:22912310397889188
Stockholders' equity
Stockholders' equity attributable to parent193195171139132128127
Common stock0000000
Treasury stock, value(514)(466)(431)(420)(392)(360)(328)
Additional paid in capital166156144136130123119
Retained earnings541505458423393365336
Total stockholders' equity:193195171139132128127
TOTAL LIABILITIES AND EQUITY:422318274235220219214

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues596596558519504493479
Revenue, net558519504493479
Cost of revenue
(Cost of Goods and Services Sold)
(468)(471)(451)(414)(399)(393)(370)
Gross profit:128125107105105100108
Operating expenses(66)(63)(59)(57)(58)(57)(54)
Operating income:62624848464355
Other undisclosed income from continuing operations before equity method investments, income taxes      2
Income from continuing operations before equity method investments, income taxes:62624848464357
Other undisclosed income from continuing operations before income taxes     2 
Income from continuing operations before income taxes:62624848464657
Income tax expense(15)(15)(12)(18)(18)(17)(22)
Net income available to common stockholders, diluted:47473629292934

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income:47473629292934
Comprehensive income, net of tax, attributable to parent:47473629292934

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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