Covanta Holding Corporation (CVA) financial statements (2022 and earlier)

Company profile

Business Address 445 SOUTH STREET
MORRISTOWN, NJ 07960
State of Incorp. DE
Fiscal Year End December 31
SIC 4991 - Cogeneration Services & Small Power Producers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 553758468494
Cash and cash equivalents 553758468494
Restricted cash and investments 111839435677
Receivables 260240338341332312
Prepaid expense 322722222837
Derivative instruments and hedges, assets     325
Disposal group, including discontinued operation   2653 97
Other current assets 363612231728
Other undisclosed current assets 494228282432
Total current assets: 4434004991,156544702
Noncurrent Assets
Property, plant and equipment 2,4212,4512,5142,6063,0242,690
Long-term investments and receivables    1612
Long-term investments     510
Accounts and financing receivable, after allowance for credit loss    112
Intangible assets, net (including goodwill) 539579600349336339
Goodwill 302321321313302301
Intangible assets, net (excluding goodwill) 237258279363438
Regulated entity, other noncurrent assets      49
Restricted cash and investments 688285481
Other noncurrent assets 2972772225163153
Other undisclosed noncurrent assets    250257233
Total noncurrent assets: 3,2633,3153,3443,2853,7403,557
TOTAL ASSETS: 3,7063,7153,8434,4414,2844,259
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 378328150224163148
Accounts payable 7536761519890
Accrued liabilities 303292    
Interest and dividends payable   74736558
Debt   34333124
Liability for uncertainty in income taxes   41484336
Asset retirement obligation   52 3
Deferred revenue and credits141613
Other liabilities   73642527
Other undisclosed current liabilities 2725140652140120
Total current liabilities: 4053534431,037418371
Noncurrent Liabilities
Long-term debt and lease obligation 2,4392,4962,3272,3392,2432,277
Long-term debt, excluding current maturities 2,3962,3662,3272,3392,2432,277
Finance lease, liability  84
Operating lease, liability 4346
Liabilities, other than long-term debt 503145477511811800
Asset retirement obligations 242224242527
Deferred tax liabilities, net378412617595
Deferred income tax liabilities 362 
Other liabilities 1171237575169178
Other undisclosed noncurrent liabilities 49345109127343171
Total noncurrent liabilities: 2,9912,9862,9132,9773,3973,248
Total liabilities: 3,3963,3393,3564,0143,8153,619
Stockholders' equity
Stockholders' equity attributable to parent, including: 310376473413469638
Treasury stock, value   (1)(1)(1) 
Additional paid in capital 882857841822807801
Accumulated other comprehensive loss (32)(35)(33)(55)(62)(34)
Accumulated deficit (554)(460)(334)(353)(289)(143)
Other undisclosed stockholders' equity attributable to parent 1414  1414
Stockholders' equity attributable to noncontrolling interest      2
Other undisclosed stockholders' equity   1414  
Total stockholders' equity: 310376487427469640
TOTAL LIABILITIES AND EQUITY: 3,7063,7153,8434,4414,2844,259

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 1,9041,8701,8681,7521,6991,645
Revenue, net439451480
Cost of revenue
(Cost of Goods and Services Sold)
 (1,420)(1,371)(1,321)(59)(41)(50)
Gross profit: 4844995471,6931,6581,595
Operating expenses (1,835)(1,780)(1,805)(1,651)(1,590)(1,545)
Other undisclosed operating income 1,4201,3711,321594150
Operating income: 699063101109100
Nonoperating income (expense) (119)(93)54(236)  
Interest and debt expense (12)(143)(15)(84)(95)(128)
Other undisclosed income from continuing operations before equity method investments, income taxes 121431584  
Income (loss) from continuing operations before equity method investments, income taxes: (50)(3)117(135)14(28)
Income from equity method investments 4661413
Income (loss) from continuing operations before income taxes: (46)3123(134)18(15)
Income tax expense (benefit) 18729191(22)84
Income (loss) from continuing operations: (28)1015257(4)69
Income from discontinued operations     5 
Income (loss) before gain (loss) on sale of properties: (28)1015257169
Other undisclosed net loss     (5) 
Net income (loss): (28)1015257(4)69
Net income attributable to noncontrolling interest      1
Other undisclosed net loss attributable to parent      (2)
Net income (loss) available to common stockholders, diluted: (28)1015257(4)68

Comprehensive Income ($ in millions)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (28)1015257(4)69
Other comprehensive income (loss) 3(3)227(28) 
Other undisclosed comprehensive loss      (12)
Comprehensive income (loss): (25)717464(32)57
Comprehensive income, net of tax, attributable to noncontrolling interest      1
Other undisclosed comprehensive loss, net of tax, attributable to parent      (2)
Comprehensive income (loss), net of tax, attributable to parent: (25)717464(32)56

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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