CVS Health Corp. (CVS)

Statement of Financial Position, Liabilities and Stockholders’ Equity

Difficulty: Beginner

The statement of financial position 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 Statement of Financial Position, Liabilities and Stockholders’ Equity

USD $ in millions

		Dec 31, 2018		Dec 31, 2017		Dec 31, 2016		Dec 31, 2015		Dec 31, 2014
	Accounts payable
	Pharmacy claims and discounts payable
	Health care costs payable
	Policyholders’ funds
	Accrued expenses
	Other insurance liabilities
	Short-term debt
	Current portion of long-term debt
	Current liabilities
	Long-term debt, excluding current portion
	Deferred income taxes
	Separate accounts liabilities
	Other long-term insurance liabilities
	Other long-term liabilities
	Noncurrent liabilities
	Total liabilities
	Redeemable noncontrolling interest
	Preferred stock, par value $0.01; none issued or outstanding
	Common stock, par value $0.01 and capital surplus
	Treasury stock, at cost
	Retained earnings
	Accumulated other comprehensive income (loss)
	Total CVS Health shareholders’ equity
	Noncontrolling interests
	Total shareholders’ equity
	Total liabilities and shareholders’ equity

Based on: 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), 10-K (filing date: 2015-02-10).

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 2016 to 2017 and from 2017 to 2018.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	CVS Health Corp.’s noncurrent liabilities declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
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 declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
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 2016 to 2017 and from 2017 to 2018.

	CVS Health Corp.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality