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

	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).

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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.

CVS Health Corp. (NYSE:CVS)

Balance Sheet: Liabilities and Stockholders’ Equity