CVS Health Corporation (CVS) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,52510,8548,0566,5811,8073,4582,547
Cash and cash equivalents9,4087,8545,6834,0591,6963,3712,459
Short-term investments3,1173,0002,3732,5221118788
Receivables24,43121,74219,61717,63113,18112,16411,888
Inventory, net of allowances, customer advances and progress billings17,76018,49617,51616,45015,29614,76014,001
Inventory17,76018,49617,51616,45015,29614,76014,001
Other current assets5,2925,2775,1134,581945660722
Other undisclosed current assets      1,220
Total current assets:60,00856,36950,30245,24331,22931,04230,378
Noncurrent Assets
Operating lease, right-of-use asset19,12220,72920,860
Property, plant and equipment12,89612,60612,04411,34910,29210,1759,855
Long-term investments and receivables23,02520,81217,31415,732   
Long-term investments23,02520,81217,31415,732   
Intangible assets, net (including goodwill)108,147110,694112,870115,20252,08151,76051,984
Goodwill79,12179,55279,74978,67838,45138,24938,106
Intangible assets, net (excluding goodwill)29,02631,14233,12136,52413,63013,51113,878
Restricted cash and investments218276271    
Other noncurrent assets4,7144,6244,6005,0461,5291,4851,440
Other undisclosed noncurrent assets4,8694,6054,1883,884   
Total noncurrent assets:172,991174,346172,147151,21363,90263,42063,279
TOTAL ASSETS:232,999230,715222,449196,45695,13194,46293,657
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30,21425,38122,62519,63615,47214,88314,319
Accounts payable12,54411,13810,4928,9258,8637,9467,490
Accrued liabilities17,67014,24312,13310,7116,6096,9376,829
Deferred revenue877173
Debt4,2055,4405,4041,9854,8211,9161,197
Other undisclosed current liabilities33,30131,12525,20122,38810,3559,4517,653
Total current liabilities:67,80762,01753,30344,00930,64826,25023,169
Noncurrent Liabilities
Long-term debt and lease obligation, including:51,97159,20764,69971,44422,18125,61526,267
Long-term debt, excluding current maturities   71,44422,18125,61526,267
Finance lease, liability1,2501,050781
Operating lease, liability18,17718,75718,926
Other undisclosed long-term debt and lease obligation32,54439,40044,992    
Liabilities, other than long-term debt8,1749,1459,4562,7804,6075,7636,979
Deferred tax liabilities, net 2,9964,2145,437
Deferred income tax liabilities6,2706,7947,294
Other liabilities1,9042,3512,1622,7801,6111,5491,542
Other undisclosed noncurrent liabilities29,66630,64530,82119,680   
Total noncurrent liabilities:89,81198,997104,97693,90426,78831,37833,246
Total liabilities:157,618161,014158,279137,91357,43657,62856,415
Temporary equity, carrying amount      39
Stockholders' equity
Stockholders' equity attributable to parent, including:75,07569,38963,86458,22537,69136,83037,196
Common stock17171717171717
Treasury stock, value(28,173)(28,178)(28,235)(28,228)(37,765)(33,452)(28,886)
Additional paid in capital    32,07931,61830,948
Accumulated other comprehensive income (loss)9651,4141,019102(165)(305)(358)
Retained earnings54,90649,64045,10840,91143,55638,98335,506
Other undisclosed stockholders' equity attributable to parent47,36046,49645,95545,423(31)(31)(31)
Stockholders' equity attributable to noncontrolling interest306312306318447
Total stockholders' equity:75,38169,70164,17058,54337,69536,83437,203
TOTAL LIABILITIES AND EQUITY:232,999230,715222,449196,45695,13194,46293,657

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues292,111268,706256,776194,579184,765177,526153,290
Premiums earned, net76,13269,36463,122 
Cost of revenue(275,027)(251,477)(211,248)(163,041)(156,220)(148,669)(126,762)
Cost of goods and services sold(175,803)(163,981)(158,719)(156,447)   
Policyholder benefits and claims incurred, net(64,260)(55,679)(52,529) 
Gross profit:17,08417,22945,52831,53828,54528,85726,528
Operating expenses(3,891)(3,318)(33,541)(27,517)(19,028)(18,519)(17,074)
Operating income:13,19313,91111,9874,0219,51710,3389,454
Nonoperating income (expense)1822061244(187)2021
Investment income, nonoperating    212021
Other nonoperating income (expense)1822061244(208)  
Interest and debt expense(2,955)(3,581)(3,114)(2,619)(1,062)(1,721)(859)
Other undisclosed loss from continuing operations before equity method investments, income taxes (766)     
Income from continuing operations before income taxes:10,4209,7708,9971,4068,2688,6378,616
Income tax expense(2,522)(2,569)(2,366)(2,002)(1,637)(3,317)(3,386)
Income (loss) from continuing operations:7,8987,2016,631(596)6,6315,3205,230
Income (loss) from discontinued operations (9)  (8)(1)9
Net income (loss):7,8987,1926,631(596)6,6235,3195,239
Net income (loss) attributable to noncontrolling interest12(13)32(1)(2)(2)
Net income (loss) available to common stockholders, diluted:7,9107,1796,634(594)6,6225,3175,237

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):7,8987,1926,631(596)6,6235,3195,239
Other comprehensive income (loss)(449)39591727414053(141)
Comprehensive income (loss):7,4497,5877,548(322)6,7635,3725,098
Comprehensive income (loss), net of tax, attributable to noncontrolling interest12(13)32(1)(2)(2)
Comprehensive income (loss), net of tax, attributable to parent:7,4617,5747,551(320)6,7625,3705,096

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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