CVS Health Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021	Mar '21 Mar 31, 2021
Cash & Equivalents	8,453	9,098	11,787	10,076	8,586	6,875	12,507	9,801	8,196	13,043	13,807	14,618	12,945	17,197	12,116	8,442	9,408	9,826	7,119	5,598
Short-Term Investments	2,145	2,134	2,386	2,578	2,407	2,805	3,755	3,288	3,259	3,145	3,080	3,102	2,778	2,792	2,877	2,900	3,117	3,015	3,006	3,190
Cash & Short-Term Investments	10,598	11,232	14,173	12,654	10,993	9,680	16,262	13,089	11,455	16,188	16,887	17,720	15,723	19,989	14,993	11,342	12,525	12,841	10,125	8,788
Cash Growth	-3.59%	16.03%	-12.85%	-3.32%	-4.03%	-40.20%	-3.70%	-26.13%	-27.15%	-19.02%	12.63%	56.23%	25.53%	55.66%	48.08%	29.06%	15.39%	6.24%	-42.03%	-30.87%
Accounts Receivable	39,779	43,857	40,651	39,625	36,469	36,179	32,385	32,217	35,227	32,927	29,546	28,331	27,276	26,317	27,233	26,451	24,431	25,283	24,164	23,855
Inventory	19,246	18,962	17,447	17,385	18,107	17,649	16,068	16,346	18,025	17,954	17,291	18,263	19,090	18,058	17,375	18,160	17,760	17,399	16,979	17,618
Other Current Assets	5,091	3,058	3,378	3,527	3,076	3,835	5,237	5,821	3,151	3,074	4,032	4,392	3,544	3,977	2,541	5,530	5,292	5,319	5,291	5,458
Total Current Assets	74,714	77,109	75,649	73,191	68,645	67,343	69,952	67,473	67,858	70,143	67,756	68,706	65,633	68,341	62,142	61,483	60,008	60,842	56,559	55,719
Net Property, Plant & Equipment	28,056	28,109	28,337	28,560	28,937	28,959	29,933	30,082	30,435	30,586	30,704	30,532	30,745	30,896	31,326	31,645	32,018	33,233	33,140	33,153
Other Intangible Assets	25,508	25,984	26,224	26,570	27,323	27,817	28,311	28,770	29,234	29,624	30,118	26,368	24,803	25,157	28,135	28,543	29,026	29,545	30,080	30,639
Goodwill	85,478	85,478	91,203	91,203	91,272	91,272	91,272	91,272	91,272	91,261	91,260	84,057	78,150	78,086	78,560	79,060	79,121	79,121	79,552	79,552
Long-Term Investments	32,669	31,553	29,858	28,906	28,934	28,939	25,028	24,074	23,019	21,667	22,114	21,612	21,096	20,565	21,124	22,595	23,025	22,370	22,136	21,025
Other Long-Term Assets	7,113	7,094	7,072	7,155	8,104	8,097	7,985	8,072	7,910	8,025	8,119	8,055	7,848	8,167	8,992	9,547	9,801	9,780	9,697	9,518
Total Assets	253,538	255,327	258,343	255,585	253,215	252,427	252,481	249,743	249,728	251,306	250,071	239,330	228,275	231,212	230,279	232,873	232,999	234,891	231,164	229,606
Accounts Payable	17,641	17,764	17,258	16,534	15,892	15,713	14,416	13,717	14,897	14,874	13,367	12,527	14,838	13,925	13,238	12,738	12,544	12,696	11,052	10,804
Accrued Expenses	64,130	66,598	64,710	63,278	60,040	59,328	59,236	59,007	58,438	56,618	55,246	52,457	48,310	48,935	46,521	45,451	43,808	42,912	40,466	38,866
Short-Term Debt	-	1,247	3,040	1,259	2,119	800	-	2,719	200	-	1,000	-	1,678	-	-	-	-	-	-	252
Current Portion of Long-Term Debt	4,068	4,081	6,160	4,411	3,624	4,910	3,731	3,731	2,772	2,132	1,402	1,778	-	1,363	4,019	4,217	4,205	1,561	60	2,422
Current Portion of Leases	1,737	1,909	1,906	1,909	1,751	1,912	1,911	1,906	1,741	1,741	1,706	1,679	1,089	1,687	1,854	1,849	1,646	1,809	1,791	1,786
Other Current Liabilities	1,116	1,096	1,088	1,570	1,183	1,964	2,092	2,239	1,141	6,188	6,485	6,613	3,278	6,499	2,825	5,525	5,604	5,731	5,942	5,974
Total Current Liabilities	88,692	92,695	94,162	88,961	84,609	84,627	81,386	83,319	79,189	81,553	79,206	75,054	69,421	72,409	68,457	69,780	67,807	64,709	59,311	60,104
Long-Term Debt	60,502	60,508	57,290	59,040	60,527	59,824	62,643	57,694	58,638	59,782	61,419	56,450	50,476	50,848	50,797	52,063	51,971	56,832	59,294	59,270
Long-Term Leases	13,643	14,007	14,328	14,594	14,899	15,258	15,537	15,742	16,034	16,441	16,609	16,571	16,800	17,174	17,502	17,786	18,177	18,456	18,509	18,587
Other Long-Term Liabilities	15,319	15,007	15,012	15,880	17,450	17,612	17,804	18,838	19,231	19,020	19,835	19,675	19,809	19,770	15,877	19,104	19,663	20,276	20,485	20,481
Total Long-Term Liabilities	89,464	89,522	86,630	89,514	92,876	92,694	95,984	92,274	93,903	95,243	97,863	92,696	87,085	87,792	84,176	88,953	89,811	95,564	98,288	98,338
Total Liabilities	178,156	182,217	180,792	178,475	177,485	177,321	177,370	175,593	173,092	176,796	177,069	167,750	156,506	160,201	154,773	158,733	157,618	160,273	157,599	158,442
Treasury Stock	-36,790	-36,776	-36,849	-36,735	-36,818	-36,813	-36,919	-36,773	-33,838	-33,831	-33,933	-33,802	-31,858	-30,326	-30,412	-30,145	-28,173	-28,166	-28,252	-28,102
Additional Paid-in Capital	50,402	50,181	50,020	49,837	49,661	49,510	49,371	49,209	48,992	48,829	48,649	48,306	48,193	48,047	47,874	47,677	47,377	47,133	46,995	46,727
Accumulated Other Comprehensive Income	406	416	272	59	-120	209	-319	-341	-297	-1,004	-858	-875	-1,264	-1,609	-988	-190	965	1,077	1,170	1,022
Retained Earnings	61,196	59,107	63,936	63,768	62,837	62,038	62,797	61,873	61,604	60,343	58,868	57,753	56,398	54,571	58,710	56,488	54,906	54,264	53,331	51,203
Total Common Shareholders' Equity	75,214	72,928	77,379	76,929	75,560	74,944	74,930	73,968	76,461	74,337	72,726	71,382	71,469	70,683	75,184	73,830	75,075	74,308	73,244	70,850
Minority Interest	168	182	172	181	170	162	181	182	175	173	276	198	300	328	322	310	306	310	321	314
Shareholders' Equity	75,382	73,110	77,551	77,110	75,730	75,106	75,111	74,150	76,636	74,510	73,002	71,580	71,769	71,011	75,506	74,140	75,381	74,618	73,565	71,164
Total Liabilities & Equity	253,538	255,327	258,343	255,585	253,215	252,427	252,481	249,743	249,728	251,306	250,071	239,330	228,275	231,212	230,279	232,873	232,999	234,891	231,164	229,606
Total Debt	79,950	81,752	82,724	81,213	82,920	82,704	83,822	81,792	79,385	80,096	82,136	76,478	70,043	71,072	74,172	75,915	75,999	78,658	79,654	82,317
Net Cash (Debt)	-69,352	-70,520	-68,551	-68,559	-71,927	-73,024	-67,560	-68,703	-67,930	-63,908	-65,249	-58,758	-54,320	-51,083	-59,179	-64,573	-63,474	-65,817	-69,529	-73,529
Net Cash Per Share	-54.31	-55.57	-53.98	-54.24	-57.04	-58.00	-53.66	-54.23	-52.54	-49.54	-50.70	-45.51	-41.18	-38.85	-44.80	-48.62	-47.51	-49.52	-52.40	-55.62
Book Value	75,214	72,928	77,379	76,929	75,560	74,944	74,930	73,968	76,461	74,337	72,726	71,382	71,469	70,683	75,184	73,830	75,075	74,308	73,244	70,850
Book Value Per Share	58.90	57.47	60.93	60.86	59.92	59.53	59.52	58.38	59.13	57.63	56.51	55.29	54.18	53.75	56.91	55.59	56.19	55.91	55.20	53.59
Tangible Book Value	-35,772	-38,534	-40,048	-40,844	-43,035	-44,145	-44,653	-46,074	-44,045	-46,548	-48,652	-39,043	-31,484	-32,560	-31,511	-33,773	-33,072	-34,358	-36,388	-39,341
Tangible Book Value Per Share	-28.01	-30.37	-31.53	-32.31	-34.13	-35.06	-35.47	-36.36	-34.06	-36.08	-37.80	-30.24	-23.87	-24.76	-23.85	-25.43	-24.75	-25.85	-27.42	-29.76

Updated Feb 10, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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