CVS Health Corporation (CVS) balance sheet

NYSE · Healthcare · Medical - Healthcare Plans · 259,500 employees · CEO J. David Joyner

Price: $90.25 -0.09%
Market cap: $115B
Enterprise value: $180B
Last report: Q2 '26 filed 2026-08-05
Next report: 2026-11-04 EPS est. $1.65

At the end of Q2 '26 CVS Health Corporation (CVS) held $14B in cash and short-term investments against $76.3B of debt incl. leases. Total assets $254B, total liabilities $174B, shareholders' equity $79.7B.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	$13B	$8.2B	$9.8B	$12.5B	$6.88B	$8.59B	$10.1B	$11.8B	$9.16B	$8.51B	$9.54B	$11.3B
Short-term investments	$3.15B	$3.26B	$3.29B	$3.76B	$2.81B	$2.41B	$2.58B	$2.39B	$2.13B	$2.15B	$2.26B	$2.63B
Receivables	$32.9B	$35.2B	$32.2B	$32.4B	$36.2B	$36.5B	$39.6B	$40.7B	$43.9B	$39.8B	$41B	$40.3B
Inventory	$18B	$18B	$16.3B	$16.1B	$17.6B	$18.1B	$17.4B	$17.4B	$19B	$19.2B	$17.8B	$17.6B
Other current assets	$3.07B	$3.15B	$5.82B	$5.24B	$3.84B	$3.08B	$3.53B	$3.34B	$3B	$5.03B	$4.25B	$3.46B
Current assets	$70.1B	$67.9B	$67.5B	$70B	$67.3B	$68.6B	$73.2B	$75.6B	$77.1B	$74.7B	$74.8B	$75.3B
Property, plant & equipment (net)	$30.6B	$30.4B	$30.1B	$29.9B	$29B	$28.9B	$28.6B	$28.3B	$28.1B	$28.1B	$27.8B	$27.6B
Long-term investments	$21.7B	$23B	$24.1B	$25B	$28.9B	$28.9B	$28.9B	$30.1B	$31.8B	$32.9B	$32.4B	$33.2B
Goodwill	$91.3B	$91.3B	$91.3B	$91.3B	$91.3B	$91.3B	$91.2B	$91.2B	$85.5B	$85.5B	$85.5B	$85.5B
Intangible assets	$29.6B	$29.2B	$28.8B	$28.3B	$27.8B	$27.3B	$26.6B	$26.2B	$26B	$25.5B	$25.1B	$24.6B
Deferred tax assets	$0	$0	$0	$0	$0	$0	$0	$0	$0	$7.53B	$0	$0
Other non-current assets	$8.03B	$7.91B	$8.07B	$7.99B	$8.1B	$8.1B	$7.16B	$6.88B	$6.9B	$6.91B	$7.42B	$7.43B
Non-current assets	$181B	$182B	$182B	$183B	$185B	$185B	$182B	$183B	$178B	$186B	$178B	$178B
Total assets	$251B	$250B	$250B	$252B	$252B	$253B	$256B	$258B	$255B	$261B	$253B	$254B
Liabilities
Accounts payable	$14.9B	$14.9B	$13.7B	$14.4B	$15.7B	$15.9B	$16.5B	$17.3B	$60.9B	$59.4B	$16.9B	$17.2B
Accrued expenses	$22.6B	$22.2B	$22.4B	$21.2B	$20.2B	$20.8B	$22.4B	$23.1B	$0	$22M	$22.3B	$22.5B
Short-term debt	$2.13B	$2.97B	$6.45B	$3.73B	$5.71B	$5.74B	$5.67B	$9.2B	$7.24B	$5.81B	$2.58B	$1.96B
Deferred revenue	$0	$0	$0	$0	$0	$0	$0	$0	$58M	$62M	$0	$9M
Other current liabilities	$6.19B	$2.47B	$2.24B	$2.09B	$1.96B	$1.18B	$1.57B	$1.09B	$24.5B	$23.4B	$1.08B	$17.3B
Current liabilities	$81.6B	$79.2B	$83.3B	$81.4B	$84.6B	$84.6B	$89B	$94.2B	$92.7B	$88.7B	$86.4B	$87B
Long-term debt	$59.8B	$58.6B	$57.7B	$62.6B	$59.8B	$60.5B	$59B	$57.3B	$60.5B	$72.9B	$60.5B	$59.5B
Lease obligations (non-current)	$16.4B	$16B	$15.7B	$15.5B	$15.3B	$14.9B	$14.6B	$14.3B	$14B	$14.9B	$13.3B	$13B
Deferred tax liabilities	$4.25B	$4.31B	$4.18B	$4.05B	$3.63B	$3.81B	$3.66B	$3.6B	$3.55B	$11.4B	$3.77B	$3.77B
Other non-current liabilities	$14.8B	$14.9B	$14.7B	$13.8B	$14B	$13.6B	$12.2B	$11.4B	$11.5B	-$2.16B	$11.3B	$10.6B
Non-current liabilities	$95.2B	$93.9B	$92.3B	$96B	$92.7B	$92.9B	$89.5B	$86.6B	$89.5B	$97B	$88.9B	$86.8B
Total liabilities	$177B	$173B	$176B	$177B	$177B	$177B	$178B	$181B	$182B	$186B	$175B	$174B
Equity
Common stock & paid-in capital	$48.8B	$49B	$49.2B	$49.4B	$49.5B	$49.7B	$49.8B	$18M	$50.2B	$18M	$50.7B	$18M
Retained earnings	$60.3B	$61.6B	$61.9B	$62.8B	$62B	$62.8B	$63.8B	$63.9B	$59.1B	$61.2B	$63.3B	$65.4B
Accumulated other comprehensive income	-$1B	-$297M	-$341M	-$319M	$209M	-$120M	$59M	$272M	$416M	$406M	$201M	$188M
Shareholders' equity	$74.3B	$76.5B	$74B	$74.9B	$74.9B	$75.6B	$76.9B	$77.4B	$72.9B	$75.2B	$77.5B	$79.7B
Debt
Total debt (incl. leases)	$80.1B	$79.4B	$81.8B	$83.8B	$82.7B	$82.9B	$81.2B	$82.7B	$81.8B	$93.6B	$78.3B	$76.3B
Net debt (debt - cash)	$67.1B	$71.2B	$72B	$71.3B	$75.8B	$74.3B	$71.1B	$70.9B	$72.7B	$85.1B	$68.8B	$65B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$3.37B	$1.7B	$4.06B	$5.68B	$7.85B	$9.41B	$12.9B	$8.2B	$8.59B	$8.51B
Short-term investments	$87M	$111M	$2.52B	$2.37B	$3B	$3.12B	$2.78B	$3.26B	$2.41B	$2.15B
Receivables	$12.2B	$13.2B	$17.6B	$19.6B	$21.7B	$24.4B	$27.3B	$35.2B	$36.5B	$39.8B
Inventory	$14.8B	$15.3B	$16.5B	$17.5B	$18.5B	$17.8B	$19.1B	$18B	$18.1B	$19.2B
Other current assets	$660M	$945M	$4.58B	$5.11B	$5.28B	$5.29B	$3.54B	$3.15B	$3.08B	$5.03B
Current assets	$31B	$31.2B	$45.2B	$50.3B	$56.4B	$60B	$65.6B	$67.9B	$68.6B	$74.7B
Property, plant & equipment (net)	$10.2B	$10.3B	$11.3B	$32.9B	$33.3B	$32B	$30.7B	$30.4B	$28.9B	$28.1B
Long-term investments	$0	$112M	$15.7B	$17.3B	$20.8B	$23B	$21.1B	$23B	$28.9B	$32.9B
Goodwill	$38.2B	$38.5B	$78.7B	$79.7B	$79.6B	$79.1B	$78.2B	$91.3B	$91.3B	$85.5B
Intangible assets	$13.5B	$13.6B	$36.5B	$33.1B	$31.1B	$29B	$24.8B	$29.2B	$27.3B	$25.5B
Deferred tax assets	$0	$0	$0	$0	$0	$0	$0	$0	$0	$7.53B
Other non-current assets	$1.49B	$1.42B	$8.93B	$9.06B	$9.51B	$9.8B	$7.85B	$7.91B	$8.1B	$6.91B
Non-current assets	$63.4B	$63.9B	$151B	$172B	$174B	$173B	$163B	$182B	$185B	$186B
Total assets	$94.5B	$95.1B	$196B	$222B	$231B	$233B	$228B	$250B	$253B	$261B
Liabilities
Accounts payable	$7.95B	$8.86B	$8.93B	$10.5B	$11.1B	$12.5B	$14.8B	$14.9B	$15.9B	$59.4B
Accrued expenses	$6.94B	$6.58B	$10.7B	$12.1B	$14.2B	$17.7B	$18.7B	$22.2B	$20.8B	$22M
Short-term debt	$1.92B	$4.82B	$1.99B	$3.78B	$5.44B	$4.21B	$1.78B	$2.97B	$5.74B	$5.81B
Taxes payable	$3.32B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Deferred revenue	$0	$0	$0	$0	$0	$0	$0	$0	$0	$62M
Other current liabilities	$0	$23M	$4.88B	$4.82B	$5.83B	$5.6B	$2.82B	$2.47B	$1.18B	$23.4B
Current liabilities	$26.3B	$30.6B	$44B	$53.3B	$62B	$67.8B	$69.4B	$79.2B	$84.6B	$88.7B
Long-term debt	$25.6B	$22.2B	$71.4B	$64.7B	$59.2B	$52B	$50.5B	$58.6B	$60.5B	$72.9B
Lease obligations (non-current)	$0	$0	$0	$18.9B	$18.8B	$18.2B	$16.8B	$16B	$14.9B	$14.9B
Deferred tax liabilities	$4.21B	$3B	$7.68B	$7.29B	$6.79B	$6.27B	$4.02B	$4.31B	$3.81B	$11.4B
Other non-current liabilities	$1.55B	$1.61B	$14.8B	$14.1B	$14.2B	$13.4B	$15.8B	$14.9B	$13.6B	-$2.16B
Non-current liabilities	$31.4B	$26.8B	$93.9B	$105B	$99B	$89.8B	$87.1B	$93.9B	$92.9B	$97B
Total liabilities	$57.6B	$57.4B	$138B	$158B	$161B	$158B	$157B	$173B	$177B	$186B
Equity
Common stock & paid-in capital	$17M	$32.1B	$45.4B	$46B	$46.5B	$47.4B	$48.2B	$49B	$18M	$18M
Retained earnings	$39B	$43.6B	$40.9B	$45.1B	$49.6B	$54.9B	$56.4B	$61.6B	$62.8B	$61.2B
Accumulated other comprehensive income	-$305M	-$165M	$102M	$1.02B	$1.41B	$965M	-$1.26B	-$297M	-$120M	$406M
Shareholders' equity	$36.8B	$37.7B	$58.2B	$63.9B	$69.4B	$75.1B	$71.5B	$76.5B	$75.6B	$75.2B
Debt
Total debt (incl. leases)	$27.5B	$27B	$73.4B	$89B	$85B	$76B	$70.7B	$79.4B	$82.9B	$93.6B
Net debt (debt - cash)	$24.2B	$25.3B	$69.4B	$83.3B	$77.2B	$66.6B	$57.8B	$71.2B	$74.3B	$85.1B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30

Data as of 2026-11-01