Stock Analysis on Net
Stock Analysis on Net
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CVS Health Corp. (NYSE:CVS)

Balance Sheet: Liabilities and Stockholders’ Equity

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

CVS Health Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Accounts payable 10,492  8,925  8,863  7,946  7,490 
Pharmacy claims and discounts payable 13,601  12,302  10,355  9,451  7,653 
Health care costs payable 6,879  5,210  5  —  — 
Policyholders’ funds 2,991  2,939  —  —  — 
Accrued expenses 12,133  10,711  6,581  6,937  6,829 
Other insurance liabilities 1,830  1,937  23  —  — 
Current portion of operating lease liabilities 1,596  —  —  —  — 
Short-term debt —  720  1,276  1,874  — 
Current portion of long-term debt 3,781  1,265  3,545  42  1,197 
Current liabilities 53,303  44,009  30,648  26,250  23,169 
Long-term operating lease liabilities 18,926  —  —  —  — 
Long-term debt, excluding current portion 64,699  71,444  22,181  25,615  26,267 
Deferred income taxes 7,294  7,677  2,996  4,214  5,437 
Separate accounts liabilities 4,459  3,884  —  —  — 
Other long-term insurance liabilities 7,436  8,119  334  —  — 
Other long-term liabilities 2,162  2,780  1,277  1,549  1,542 
Long-term liabilities 104,976  93,904  26,788  31,378  33,246 
Total liabilities 158,279  137,913  57,436  57,628  56,415 
Redeemable noncontrolling interest —  —  —  —  39 
Preferred stock, par value $0.01; none issued or outstanding —  —  —  —  — 
Common stock, par value $0.01, and capital surplus 45,972  45,440  32,096  31,635  30,965 
Treasury stock, at cost (28,235) (28,228) (37,796) (33,483) (28,917)
Retained earnings 45,108  40,911  43,556  38,983  35,506 
Accumulated other comprehensive income (loss) 1,019  102  (165) (305) (358)
Total CVS Health shareholders’ equity 63,864  58,225  37,691  36,830  37,196 
Noncontrolling interests 306  318  4  4  7 
Total shareholders’ equity 64,170  58,543  37,695  36,834  37,203 
Total liabilities and shareholders’ equity 222,449  196,456  95,131  94,462  93,657 

Based on: 10-K (filing date: 2020-02-18), 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. CVS Health Corp.’s current liabilities increased from 2017 to 2018 and from 2018 to 2019.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. CVS Health Corp.’s long-term liabilities increased from 2017 to 2018 and from 2018 to 2019.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. CVS Health Corp.’s total liabilities increased from 2017 to 2018 and from 2018 to 2019.
Total CVS Health shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. CVS Health Corp.’s total CVS Health shareholders’ equity increased from 2017 to 2018 and from 2018 to 2019.