CVS Health Corporation (CVS) financial statements (2021 and earlier)

Company profile

Business Address ONE CVS DR.
WOONSOCKET, RI 02895
State of Incorp. DE
Fiscal Year End December 31
SIC 5912 - Drug Stores and Proprietary Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments10,8548,0566,5811,8073,4582,5472,515
Cash and cash equivalents7,8545,6834,0591,6963,3712,4592,481
Short-term investments3,0002,3732,522111878834
Receivables21,74219,61717,63113,18112,16411,8889,687
Inventory, net of allowances, customer advances and progress billings18,49617,51616,45015,29614,76014,00111,930
Inventory18,49617,51616,45015,29614,76014,00111,930
Other current assets5,2775,1134,581945660722866
Other undisclosed current assets     1,220985
Total current assets:56,36950,30245,24331,22931,04230,37825,983
Noncurrent Assets
Operating lease, right-of-use asset20,72920,860
Property, plant and equipment12,60612,04411,34910,29210,1759,8558,843
Long-term investments and receivables20,81217,31415,732   51
Long-term investments20,81217,31415,732   51
Intangible assets, net (including goodwill)110,694112,870115,20252,08151,76051,98437,916
Goodwill79,55279,74978,67838,45138,24938,10628,142
Intangible assets, net (excluding goodwill)31,14233,12136,52413,63013,51113,8789,774
Restricted cash and investments276271     
Other noncurrent assets4,6244,6005,0461,5291,4851,4401,510
Other undisclosed noncurrent assets4,6054,1883,884   (51)
Total noncurrent assets:174,346172,147151,21363,90263,42063,27948,269
TOTAL ASSETS:230,715222,449196,45695,13194,46293,65774,252
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities25,38122,62519,63615,47214,88314,31912,363
Accounts payable11,13810,4928,9258,8637,9467,4906,547
Accrued liabilities14,24312,13310,7116,6096,9376,8295,816
Deferred revenue7173
Debt5,4405,4041,9854,8211,9161,1971,260
Other undisclosed current liabilities31,12525,20122,38810,3559,4517,6535,404
Total current liabilities:62,01753,30344,00930,64826,25023,16919,027
Noncurrent Liabilities
Long-term debt and lease obligation, including:59,20764,69971,44422,18125,61526,26711,695
Long-term debt, excluding current maturities  71,44422,18125,61526,26711,695
Finance lease, liability1,050781
Operating lease, liability18,75718,926
Other undisclosed long-term debt and lease obligation39,40044,992     
Liabilities, other than long-term debt9,1459,4562,7804,6075,7636,9795,567
Deferred tax liabilities, net 2,9964,2145,4374,036
Deferred income tax liabilities6,7947,294
Other liabilities2,3512,1622,7801,6111,5491,5421,531
Other undisclosed noncurrent liabilities30,64530,82119,680    
Total noncurrent liabilities:98,997104,97693,90426,78831,37833,24617,262
Total liabilities:161,014158,279137,91357,43657,62856,41536,289
Temporary equity, carrying amount     39 
Stockholders' equity
Stockholders' equity attributable to parent, including:69,38963,86458,22537,69136,83037,19637,958
Common stock17171717171717
Treasury stock, value(28,178)(28,235)(28,228)(37,765)(33,452)(28,886)(24,078)
Additional paid in capital   32,07931,61830,94830,418
Accumulated other comprehensive income (loss)1,4141,019102(165)(305)(358)(217)
Retained earnings49,64045,10840,91143,55638,98335,50631,849
Other undisclosed stockholders' equity attributable to parent46,49645,95545,423(31)(31)(31)(31)
Stockholders' equity attributable to noncontrolling interest3123063184475
Total stockholders' equity:69,70164,17058,54337,69536,83437,20337,963
TOTAL LIABILITIES AND EQUITY:230,715222,449196,45695,13194,46293,65774,252

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues268,706256,776194,579184,765177,526153,290139,367
Premiums earned, net69,36463,122 
Cost of revenue(251,477)(211,248)(163,041)(156,220)(148,669)(126,762)(114,000)
Cost of goods and services sold(163,981)(158,719)(156,447)    
Policyholder benefits and claims incurred, net(55,679)(52,529) 
Gross profit:17,22945,52831,53828,54528,85726,52825,367
Operating expenses(3,318)(33,541)(27,517)(19,028)(18,519)(17,074)(16,568)
Operating income:13,91111,9874,0219,51710,3389,4548,799
Nonoperating income (expense)2061244(187)202115
Investment income, nonoperating   21202115
Other nonoperating income (expense)2061244(208)   
Interest and debt expense(3,581)(3,114)(2,619)(1,062)(1,721)(859)(1,136)
Other undisclosed loss from continuing operations before equity method investments, income taxes(766)      
Income from continuing operations before income taxes:9,7708,9971,4068,2688,6378,6167,678
Income tax expense(2,569)(2,366)(2,002)(1,637)(3,317)(3,386)(3,033)
Income (loss) from continuing operations:7,2016,631(596)6,6315,3205,2304,645
Income (loss) from discontinued operations(9)  (8)(1)9(1)
Net income (loss):7,1926,631(596)6,6235,3195,2394,644
Net income (loss) attributable to noncontrolling interest(13)32(1)(2)(2) 
Net income (loss) available to common stockholders, diluted:7,1796,634(594)6,6225,3175,2374,644

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):7,1926,631(596)6,6235,3195,2394,644
Other comprehensive income (loss)39591727414053(141)(68)
Comprehensive income (loss):7,5877,548(322)6,7635,3725,0984,576
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(13)32(1)(2)(2) 
Comprehensive income (loss), net of tax, attributable to parent:7,5747,551(320)6,7625,3705,0964,576

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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