Covanta Holding Corporation (CVA) financial statements (2020 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)
| 9/30/2019 TTM | 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 investments | 65 | 58 | 46 | 84 | 94 | 91 | 198 | ||
| Cash and cash equivalents | 65 | 58 | 46 | 84 | 94 | 91 | 198 | ||
| Restricted cash and investments | 25 | 39 | 43 | 56 | 77 | 105 | |||
| Receivables | 307 | 338 | 341 | 332 | 312 | 302 | 265 | ||
| Prepaid expense | 22 | 22 | 28 | 37 | |||||
| Derivative instruments and hedges, assets | 3 | 25 | 78 | ||||||
| Disposal group, including discontinued operation | 2 | 653 | 97 | ||||||
| Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7 | ||
| Other current assets | 12 | 23 | 17 | 28 | |||||
| Other undisclosed current assets | 78 | 28 | 28 | 24 | 32 | 133 | 192 | ||
| Total current assets: | 475 | 499 | 1,156 | 544 | 702 | 631 | 740 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 2,465 | 2,514 | 2,606 | 3,024 | 2,690 | 2,653 | 2,636 | ||
| Long-term investments and receivables | 1 | 6 | 12 | 70 | 103 | ||||
| Long-term investments | 5 | 10 | 46 | 79 | |||||
| Accounts and financing receivable, after allowance for credit loss | 1 | 1 | 2 | 24 | 24 | ||||
| Intangible assets, net (including goodwill) | 584 | 600 | 349 | 336 | 339 | 291 | 269 | ||
| Goodwill | 321 | 321 | 313 | 302 | 301 | 274 | 249 | ||
| Intangible assets, net (excluding goodwill) | 263 | 279 | 36 | 34 | 38 | 17 | 20 | ||
| Prepaid expense | 45 | 43 | |||||||
| Regulated entity, other noncurrent assets | 49 | ||||||||
| Restricted cash and investments | 8 | 8 | 28 | 54 | 81 | 91 | 126 | ||
| Other noncurrent assets | 266 | 222 | 51 | 63 | 153 | 170 | 151 | ||
| Other undisclosed noncurrent assets | 250 | 257 | 233 | 253 | 310 | ||||
| Total noncurrent assets: | 3,323 | 3,344 | 3,285 | 3,740 | 3,557 | 3,573 | 3,638 | ||
| TOTAL ASSETS: | 3,798 | 3,843 | 4,441 | 4,284 | 4,259 | 4,204 | 4,378 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 315 | 150 | 224 | 163 | 148 | 90 | 24 | ||
| Accounts payable | 63 | 76 | 151 | 98 | 90 | 34 | 24 | ||
| Accrued liabilities | 252 | ||||||||
| Interest and dividends payable | 74 | 73 | 65 | 58 | 56 | ||||
| Debt | 24 | 34 | 33 | 31 | 24 | 45 | 583 | ||
| Liability for uncertainty in income taxes | 41 | 48 | 43 | 36 | 133 | 128 | |||
| Asset retirement obligation | 5 | 2 | 3 | 4 | 6 | ||||
| Deferred revenue and credits | ✕ | ✕ | 14 | 16 | 13 | 15 | 34 | ||
| Other liabilities | 73 | 64 | 25 | 27 | 36 | 45 | |||
| Other undisclosed current liabilities | 140 | 652 | 140 | 120 | 66 | 39 | |||
| Total current liabilities: | 339 | 443 | 1,037 | 418 | 371 | 389 | 859 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,587 | 2,327 | 2,339 | 2,243 | 2,277 | 1,968 | 1,557 | ||
| Long-term debt, excluding current maturities | 2,457 | 2,327 | 2,339 | 2,243 | 2,277 | 1,968 | 1,557 | ||
| Finance lease, liability | 83 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 47 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 127 | 477 | 511 | 811 | 800 | 862 | 864 | ||
| Deferred revenue and credits | ✕ | ✕ | 1 | 2 | |||||
| Asset retirement obligations | 24 | 24 | 25 | 27 | 24 | 22 | |||
| Deferred tax liabilities, net | ✕ | 378 | 412 | 617 | 595 | 740 | 722 | ||
| Other liabilities | 127 | 75 | 75 | 169 | 178 | 97 | 118 | ||
| Other undisclosed noncurrent liabilities | 368 | 109 | 127 | 343 | 171 | 201 | 187 | ||
| Total noncurrent liabilities: | 3,082 | 2,913 | 2,977 | 3,397 | 3,248 | 3,031 | 2,608 | ||
| Total liabilities: | 3,421 | 3,356 | 4,014 | 3,815 | 3,619 | 3,420 | 3,467 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 377 | 473 | 413 | 469 | 638 | 782 | 907 | ||
| Treasury stock, value | (1) | (1) | (1) | (1) | |||||
| Additional paid in capital | 853 | 841 | 822 | 807 | 801 | 805 | 790 | ||
| Accumulated other comprehensive loss | (51) | (33) | (55) | (62) | (34) | (22) | (2) | ||
| Retained earnings (accumulated deficit) | (439) | (334) | (353) | (289) | (143) | (15) | 106 | ||
| Other undisclosed stockholders' equity attributable to parent | 14 | 14 | 14 | 14 | 14 | ||||
| Stockholders' equity attributable to noncontrolling interest | 2 | 2 | 4 | ||||||
| Other undisclosed stockholders' equity | 14 | 14 | |||||||
| Total stockholders' equity: | 377 | 487 | 427 | 469 | 640 | 784 | 911 | ||
| TOTAL LIABILITIES AND EQUITY: | 3,798 | 3,843 | 4,441 | 4,284 | 4,259 | 4,204 | 4,378 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,885 | 1,868 | 1,752 | 1,699 | 1,645 | 1,682 | 1,630 | |
| Revenue, net | ✕ | ✕ | 439 | 451 | 480 | 557 | 549 | |
| Cost of revenue (Cost of Goods and Services Sold) | (2,321) | (1,321) | (59) | (41) | (50) | (1,325) | (1,276) | |
| Gross profit: | (436) | 547 | 1,693 | 1,658 | 1,595 | 357 | 354 | |
| Operating expenses | (1,780) | (1,805) | (1,651) | (1,590) | (1,545) | (1,538) | (1,409) | |
| Other operating income (expense), net | (2) | 11 | ||||||
| Other nonrecurring (income) expense | (64) | (15) | ||||||
| Other undisclosed operating income | 2,321 | 1,321 | 59 | 41 | 50 | 1,327 | 1,265 | |
| Operating income: | 105 | 63 | 101 | 109 | 100 | 144 | 221 | |
| Nonoperating income (expense) | (106) | 54 | (236) | (1) | 12 | |||
| Investment income, nonoperating | 1 | |||||||
| Gain on contract termination | 8 | |||||||
| Foreign currency transaction loss, before tax | (1) | |||||||
| Other nonoperating income (expense) | (1) | (3) | 1 | (1) | 4 | |||
| Interest and debt expense | (120) | (15) | (84) | (95) | (128) | (140) | (143) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 120 | 15 | 84 | 1 | (12) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1) | 117 | (135) | 14 | (28) | 4 | 78 | |
| Income from equity method investments | 7 | 6 | 1 | 4 | 13 | 10 | 6 | |
| Income (loss) from continuing operations before income taxes: | 6 | 123 | (134) | 18 | (15) | 14 | 84 | |
| Income tax expense (benefit) | 1 | 29 | 191 | (22) | 84 | (15) | (40) | |
| Income (loss) from continuing operations: | 7 | 152 | 57 | (4) | 69 | (1) | 44 | |
| Income (loss) from discontinued operations | 5 | (52) | ||||||
| Income (loss) before gain (loss) on sale of properties: | 7 | 152 | 57 | 1 | 69 | (1) | (8) | |
| Other undisclosed net loss | (5) | |||||||
| Net income (loss): | 7 | 152 | 57 | (4) | 69 | (1) | (8) | |
| Net income (loss) attributable to noncontrolling interest | 1 | (1) | 1 | |||||
| Other undisclosed net loss attributable to parent | (2) | |||||||
| Net income (loss) available to common stockholders, diluted: | 7 | 152 | 57 | (4) | 68 | (2) | (7) | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 7 | 152 | 57 | (4) | 69 | (1) | (8) | |
| Other comprehensive income (loss) | (3) | 22 | 7 | (28) | ||||
| Other undisclosed comprehensive loss | (15) | (12) | (20) | (9) | ||||
| Comprehensive income (loss): | (11) | 174 | 64 | (32) | 57 | (21) | (17) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1 | (1) | (1) | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (2) | 2 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (11) | 174 | 64 | (32) | 56 | (22) | (16) | |
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.