Covanta Holding Corporation (CVA) financial statements (2021 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)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments55375846849491
Cash and cash equivalents55375846849491
Restricted cash and investments111839435677105
Receivables260240338341332312302
Prepaid expense322722222837 
Derivative instruments and hedges, assets    325 
Disposal group, including discontinued operation  2653 97 
Other current assets363612231728 
Other undisclosed current assets494228282432133
Total current assets:4434004991,156544702631
Noncurrent Assets
Property, plant and equipment2,4212,4512,5142,6063,0242,6902,653
Long-term investments and receivables   161270
Long-term investments    51046
Accounts and financing receivable, after allowance for credit loss   11224
Intangible assets, net (including goodwill)539579600349336339291
Goodwill302321321313302301274
Intangible assets, net (excluding goodwill)23725827936343817
Prepaid expense      45
Regulated entity, other noncurrent assets     49 
Restricted cash and investments68828548191
Other noncurrent assets2972772225163153170
Other undisclosed noncurrent assets   250257233253
Total noncurrent assets:3,2633,3153,3443,2853,7403,5573,573
TOTAL ASSETS:3,7063,7153,8434,4414,2844,2594,204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities37832815022416314890
Accounts payable753676151989034
Accrued liabilities303292     
Interest and dividends payable  7473655856
Debt  3433312445
Liability for uncertainty in income taxes  41484336133
Asset retirement obligation  52 34
Deferred revenue and credits✕✕✕14161315
Other liabilities  7364252736
Other undisclosed current liabilities272514065214012066
Total current liabilities:4053534431,037418371389
Noncurrent Liabilities
Long-term debt and lease obligation2,4392,4962,3272,3392,2432,2771,968
Long-term debt, excluding current maturities2,3962,3662,3272,3392,2432,2771,968
Finance lease, liability 84✕✕✕✕✕
Operating lease, liability4346✕✕✕✕✕
Liabilities, other than long-term debt503145477511811800862
Deferred revenue and credits✕✕✕   1
Asset retirement obligations24222424252724
Deferred tax liabilities, net✕✕378412617595740
Deferred income tax liabilities362 ✕✕✕✕✕
Other liabilities117123757516917897
Other undisclosed noncurrent liabilities49345109127343171201
Total noncurrent liabilities:2,9912,9862,9132,9773,3973,2483,031
Total liabilities:3,3963,3393,3564,0143,8153,6193,420
Stockholders' equity
Stockholders' equity attributable to parent, including:310376473413469638782
Treasury stock, value  (1)(1)(1)  
Additional paid in capital882857841822807801805
Accumulated other comprehensive loss(32)(35)(33)(55)(62)(34)(22)
Accumulated deficit(554)(460)(334)(353)(289)(143)(15)
Other undisclosed stockholders' equity attributable to parent1414  141414
Stockholders' equity attributable to noncontrolling interest     22
Other undisclosed stockholders' equity  1414   
Total stockholders' equity:310376487427469640784
TOTAL LIABILITIES AND EQUITY:3,7063,7153,8434,4414,2844,2594,204

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,9041,8701,8681,7521,6991,6451,682
Revenue, net✕✕✕439451480557
Cost of revenue
(Cost of Goods and Services Sold)		(1,420)(1,371)(1,321)(59)(41)(50)(1,325)
Gross profit:4844995471,6931,6581,595357
Operating expenses(1,835)(1,780)(1,805)(1,651)(1,590)(1,545)(1,538)
Other operating expense, net      (2)
Other nonrecurring (income) expense      (64)
Other undisclosed operating income1,4201,3711,3215941501,327
Operating income:699063101109100144
Nonoperating income (expense)(119)(93)54(236)  (1)
Investment income, nonoperating      1
Foreign currency transaction loss, before tax      (1)
Other nonoperating income (expense) 1(3)1  (1)
Interest and debt expense(12)(143)(15)(84)(95)(128)(140)
Other undisclosed income from continuing operations before equity method investments, income taxes121431584  1
Income (loss) from continuing operations before equity method investments, income taxes:(50)(3)117(135)14(28)4
Income from equity method investments466141310
Income (loss) from continuing operations before income taxes:(46)3123(134)18(15)14
Income tax expense (benefit)18729191(22)84(15)
Income (loss) from continuing operations:(28)1015257(4)69(1)
Income from discontinued operations    5  
Income (loss) before gain (loss) on sale of properties:(28)1015257169(1)
Other undisclosed net loss    (5)  
Net income (loss):(28)1015257(4)69(1)
Net income (loss) attributable to noncontrolling interest     1(1)
Other undisclosed net loss attributable to parent     (2) 
Net income (loss) available to common stockholders, diluted:(28)1015257(4)68(2)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(28)1015257(4)69(1)
Other comprehensive income (loss)3(3)227(28)  
Other undisclosed comprehensive loss     (12)(20)
Comprehensive income (loss):(25)717464(32)57(21)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     1(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(22)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: