Stock Analysis on Net

Cigna Group (NYSE:CI)

Adjustments to Financial Statements

Microsoft Excel

Adjustments to Total Assets

Cigna Group, adjusted total assets

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Total assets 155,881 152,761 143,932 154,889 155,451
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Less: Deferred tax assets (reported in Other assets)2 893 1,055
After Adjustment
Adjusted total assets 154,988 151,706 143,932 154,889 155,451

Based on: 10-K (reporting date: 2024-12-31), 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).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Deferred tax assets (reported in Other assets). See details »


Adjustments to Total Liabilities

Cigna Group, adjusted total liabilities

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Total liabilities 114,638 106,410 98,981 107,705 105,065
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Deferred tax liabilities2 6,975 7,242 7,751 8,346 8,939
After Adjustment
Adjusted total liabilities 107,663 99,168 91,230 99,359 96,126

Based on: 10-K (reporting date: 2024-12-31), 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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

Cigna Group, adjusted shareholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Shareholders’ equity 41,033 46,223 44,872 47,112 50,321
Adjustments
Less: Net deferred income tax assets (liabilities) per Consolidated Balance Sheets1 (6,082) (6,187) (7,751) (8,346) (8,939)
Add: Redeemable noncontrolling interests 107 66 54 58
Add: Other noncontrolling interests 210 21 13 18 7
After Adjustment
Adjusted total equity 47,325 52,538 52,702 55,530 59,325

Based on: 10-K (reporting date: 2024-12-31), 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).

1 Net deferred income tax assets (liabilities) per Consolidated Balance Sheets. See details »


Adjustments to Capitalization Table

Cigna Group, adjusted capitalization table

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Short-term debt 3,035 2,775 2,993 2,545 3,374
Long-term debt 28,937 28,155 28,100 31,125 29,545
Total reported debt 31,972 30,930 31,093 33,670 32,919
Shareholders’ equity 41,033 46,223 44,872 47,112 50,321
Total reported capital 73,005 77,153 75,965 80,782 83,240
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Current operating lease liabilities (included in Accrued expenses and other liabilities)2 105 114 159 152
Add: Operating lease liabilities (included in Other non-current liabilities)3 340 346 436 491
Adjusted total debt 31,972 31,375 31,553 34,265 33,562
Adjustments to Equity
Less: Net deferred income tax assets (liabilities) per Consolidated Balance Sheets4 (6,082) (6,187) (7,751) (8,346) (8,939)
Add: Redeemable noncontrolling interests 107 66 54 58
Add: Other noncontrolling interests 210 21 13 18 7
Adjusted total equity 47,325 52,538 52,702 55,530 59,325
After Adjustment
Adjusted total capital 79,297 83,913 84,255 89,795 92,887

Based on: 10-K (reporting date: 2024-12-31), 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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current operating lease liabilities (included in Accrued expenses and other liabilities). See details »

3 Operating lease liabilities (included in Other non-current liabilities). See details »

4 Net deferred income tax assets (liabilities) per Consolidated Balance Sheets. See details »


Adjustments to Reported Income

Cigna Group, adjusted shareholders’ net income

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Shareholders’ net income 3,434 5,164 6,668 5,365 8,458
Adjustments
Add: Deferred income tax expense (benefit)1 (95) (1,659) (480) (220) (386)
Add: Other comprehensive income (loss), net of tax (477) (206) (513) (37) 72
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest 344 208 76 36 23
After Adjustment
Adjusted net income 3,206 3,507 5,751 5,144 8,167

Based on: 10-K (reporting date: 2024-12-31), 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).

1 Deferred income tax expense (benefit). See details »