Covia Holdings Corporation (CVIA) financial statements (2020 and earlier)

Company profile

Business Address 3 SUMMIT PARK DRIVE
INDEPENDENCE, OH 44131
State of Incorp. DE
Fiscal Year End December 31
SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments319134
Cash and cash equivalents319134
Receivables215308
Inventory, net of allowances, customer advances and progress billings122163
Inventory122163
Other undisclosed current assets2121
Total current assets:677626
Noncurrent Assets
Finance lease, right-of-use asset11
Operating lease, right-of-use asset158
Property, plant and equipment1,4202,834
Intangible assets, net (including goodwill)153269
Goodwill120132
Intangible assets, net (excluding goodwill)34137
Other noncurrent assets2419
Deferred tax assets, net9
Other undisclosed noncurrent assets3 
Total noncurrent assets:1,7693,131
TOTAL ASSETS:2,4473,756
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities224275
Accounts payable97145
Accrued liabilities127130
Deferred revenue8
Debt6715
Due to related parties1 
Other undisclosed current liabilities14 
Total current liabilities:314291
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,5581,613
Long-term debt, excluding current maturities1,5391,613
Other undisclosed long-term debt and lease obligation19 
Liabilities, other than long-term debt149398
Deferred revenue5
Deferred tax liabilities, net267
Liability, pension and other postretirement and postemployment benefits6655
Other liabilities7775
Other undisclosed noncurrent liabilities248 
Total noncurrent liabilities:1,9552,010
Total liabilities:2,2692,301
Stockholders' equity
Stockholders' equity attributable to parent1761,454
Common stock22
Treasury stock, value(478)(488)
Additional paid in capital400388
Accumulated other comprehensive loss(105)(95)
Retained earnings3581,648
Stockholders' equity attributable to noncontrolling interest11
Total stockholders' equity:1771,455
TOTAL LIABILITIES AND EQUITY:2,4473,756

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

12/31/2019
12/31/2018
Revenues1,5951,843
Cost of revenue(1,319)(1,381)
Cost of goods and services sold(1,319)(7)
Gross profit:276462
Operating expenses(189)(168)
Other operating income, net65
Other undisclosed operating loss(1,526)(463)
Operating loss:(1,433)(164)
Nonoperating expense
(Other Nonoperating expense)
(7)(55)
Interest and debt expense13(3)
Loss from continuing operations before equity method investments, income taxes:(1,426)(222)
Other undisclosed loss from continuing operations before income taxes(108)(57)
Loss from continuing operations before income taxes:(1,534)(279)
Income tax expense (benefit)244(4)
Loss from continuing operations:(1,290)(283)
Income from discontinued operations 13
Net loss:(1,290)(270)
Net loss attributable to noncontrolling interest(0)(0)
Net loss available to common stockholders, diluted:(1,290)(270)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
Net loss:(1,290)(270)
Other comprehensive income (loss)(10)33
Comprehensive loss:(1,300)(237)
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)
Comprehensive loss, net of tax, attributable to parent:(1,300)(237)

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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