Stock Analysis on Net

CVS Health Corp. (NYSE:CVS)

Balance Sheet: Liabilities and Stockholders’ Equity 

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable 14,897 14,838 12,544 11,138 10,492
Pharmacy claims and discounts payable 22,874 19,423 17,330 15,795 13,601
Health care costs payable 12,049 10,406 8,808 7,936 6,879
Policyholders’ funds 1,326 1,500 4,301 4,270 2,991
Accrued expenses 22,189 18,745 17,670 14,243 12,133
Other insurance liabilities 1,141 1,140 1,303 1,557 1,830
Current portion of operating lease liabilities 1,741 1,678 1,646 1,638 1,596
Short-term debt 200
Current portion of long-term debt 2,772 1,778 4,205 5,440 3,781
Liabilities held for sale 228
Current liabilities 79,189 69,736 67,807 62,017 53,303
Long-term operating lease liabilities 16,034 16,800 18,177 18,757 18,926
Long-term debt, excluding current portion 58,638 50,476 51,971 59,207 64,699
Deferred income taxes 4,311 3,880 6,270 6,794 7,294
Separate accounts liabilities 3,250 3,228 5,087 4,881 4,459
Other long-term insurance liabilities 5,459 6,108 6,402 7,007 7,436
Other long-term liabilities 6,211 6,732 1,904 2,351 2,162
Long-term liabilities 93,903 87,224 89,811 98,997 104,976
Total liabilities 173,092 156,960 157,618 161,014 158,279
Preferred stock, par value $0.01; none issued or outstanding
Common stock, par value $0.01, and capital surplus 48,992 48,193 47,377 46,513 45,972
Treasury stock, at cost (33,838) (31,858) (28,173) (28,178) (28,235)
Retained earnings 61,604 56,145 54,906 49,640 45,108
Accumulated other comprehensive income (loss) (297) (1,465) 965 1,414 1,019
Total CVS Health shareholders’ equity 76,461 71,015 75,075 69,389 63,864
Noncontrolling interests 175 300 306 312 306
Total shareholders’ equity 76,636 71,315 75,381 69,701 64,170
Total liabilities and shareholders’ equity 249,728 228,275 232,999 230,715 222,449

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. CVS Health Corp. long-term liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 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. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 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 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. total CVS Health shareholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.