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 investments655846849491198
Cash and cash equivalents655846849491198
Restricted cash and investments2539435677105 
Receivables307338341332312302265
Prepaid expense 22222837  
Derivative instruments and hedges, assets   325 78
Disposal group, including discontinued operation 2653 97  
Assets held-for-sale7
Other current assets 12231728  
Other undisclosed current assets7828282432133192
Total current assets:4754991,156544702631740
Noncurrent Assets
Property, plant and equipment2,4652,5142,6063,0242,6902,6532,636
Long-term investments and receivables  161270103
Long-term investments   5104679
Accounts and financing receivable, after allowance for credit loss  1122424
Intangible assets, net (including goodwill)584600349336339291269
Goodwill321321313302301274249
Intangible assets, net (excluding goodwill)2632793634381720
Prepaid expense     4543
Regulated entity, other noncurrent assets    49  
Restricted cash and investments8828548191126
Other noncurrent assets2662225163153170151
Other undisclosed noncurrent assets  250257233253310
Total noncurrent assets:3,3233,3443,2853,7403,5573,5733,638
TOTAL ASSETS:3,7983,8434,4414,2844,2594,2044,378
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3151502241631489024
Accounts payable637615198903424
Accrued liabilities252      
Interest and dividends payable 7473655856 
Debt243433312445583
Liability for uncertainty in income taxes 41484336133128
Asset retirement obligation 52 346
Deferred revenue and credits1416131534
Other liabilities 736425273645
Other undisclosed current liabilities 1406521401206639
Total current liabilities:3394431,037418371389859
Noncurrent Liabilities
Long-term debt and lease obligation2,5872,3272,3392,2432,2771,9681,557
Long-term debt, excluding current maturities2,4572,3272,3392,2432,2771,9681,557
Finance lease, liability83
Operating lease, liability47
Liabilities, other than long-term debt127477511811800862864
Deferred revenue and credits   12
Asset retirement obligations 242425272422
Deferred tax liabilities, net378412617595740722
Other liabilities127757516917897118
Other undisclosed noncurrent liabilities368109127343171201187
Total noncurrent liabilities:3,0822,9132,9773,3973,2483,0312,608
Total liabilities:3,4213,3564,0143,8153,6193,4203,467
Stockholders' equity
Stockholders' equity attributable to parent, including:377473413469638782907
Treasury stock, value (1)(1)(1)  (1)
Additional paid in capital853841822807801805790
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 parent14  14141414
Stockholders' equity attributable to noncontrolling interest    224
Other undisclosed stockholders' equity 1414    
Total stockholders' equity:377487427469640784911
TOTAL LIABILITIES AND EQUITY:3,7983,8434,4414,2844,2594,2044,378

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
Revenues1,8851,8681,7521,6991,6451,6821,630
Revenue, net439451480557549
Cost of revenue
(Cost of Goods and Services Sold)
(2,321)(1,321)(59)(41)(50)(1,325)(1,276)
Gross profit:(436)5471,6931,6581,595357354
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 income2,3211,3215941501,3271,265
Operating income:10563101109100144221
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 taxes1201584  1(12)
Income (loss) from continuing operations before equity method investments, income taxes:(1)117(135)14(28)478
Income from equity method investments761413106
Income (loss) from continuing operations before income taxes:6123(134)18(15)1484
Income tax expense (benefit)129191(22)84(15)(40)
Income (loss) from continuing operations:715257(4)69(1)44
Income (loss) from discontinued operations   5  (52)
Income (loss) before gain (loss) on sale of properties:715257169(1)(8)
Other undisclosed net loss   (5)   
Net income (loss):715257(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:715257(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):715257(4)69(1)(8)
Other comprehensive income (loss)(3)227(28)   
Other undisclosed comprehensive loss(15)   (12)(20)(9)
Comprehensive income (loss):(11)17464(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)17464(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.

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