Cvs health corporation (CVS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Revenues:
Revenues

-

-

64,547

63,138

-

-

47,269

46,708

45,693

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premiums

17,640

15,510

15,539

15,791

16,282

5,500

627

751

1,306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net investment income

162

206

263

293

249

175

221

214

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

66,755

66,889

64,810

63,431

61,646

54,424

47,490

46,922

45,743

48,406

46,181

45,685

44,514

45,991

44,615

43,725

43,215

41,145

38,644

37,169

36,332

37,055

35,021

34,602

32,689

32,830

31,932

31,248

30,751

31,381

30,227

30,714

30,798

28,297

26,674

26,414

25,695

24,300

23,711

24,007

23,760

25,308

24,642

24,871

23,394

20,863

21,140

Operating costs:
Operating costs:
Cost of products sold

40,347

42,065

40,437

38,970

37,247

40,564

39,502

38,876

37,505

37,682

39,064

38,759

37,943

36,229

37,123

36,710

36,471

33,844

31,983

30,767

30,168

30,422

28,553

28,278

26,747

26,492

25,905

25,407

25,174

25,102

24,580

25,265

25,685

22,741

21,496

21,328

20,953

18,862

18,696

18,987

19,014

19,762

19,630

19,819

18,646

16,462

16,767

Benefit costs

14,387

13,133

12,850

13,087

13,459

4,195

439

631

1,329

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross profit

-

-

-

-

-

-

-

-

-

-

7,117

6,926

6,571

-

7,492

7,015

6,744

7,301

6,661

6,402

6,164

6,633

6,468

6,324

5,942

6,338

6,027

5,841

5,577

6,279

5,647

5,449

5,113

5,556

5,178

5,086

4,742

5,438

5,015

5,020

4,746

5,546

5,012

5,052

4,748

4,400

4,373

Operating expenses
Goodwill impairments

-

-

0

0

-

-

0

3,921

-

-

-

135

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses

8,563

8,654

8,595

8,042

8,250

6,613

4,975

4,867

4,913

-

-

4,809

4,778

-

4,668

4,658

4,559

4,551

4,330

4,140

4,032

4,312

4,222

4,116

3,918

4,121

3,873

3,869

3,883

3,995

3,833

3,741

3,709

3,598

3,594

3,602

3,437

3,690

3,537

3,519

3,336

3,664

3,446

3,452

3,371

2,934

2,895

Operating expenses

-

-

-

-

-

-

-

-

-

-

4,618

4,674

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating costs

63,297

63,852

61,882

60,099

58,956

53,600

44,916

48,295

43,747

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

3,458

3,037

2,928

3,332

2,690

824

2,574

-1,373

1,996

3,129

2,499

2,117

1,793

3,020

2,824

2,357

2,185

2,750

2,331

2,262

2,132

2,321

2,246

2,208

2,024

2,217

2,154

1,972

1,694

2,284

1,814

1,708

1,404

1,958

1,584

1,484

1,305

1,748

1,478

1,501

1,410

1,882

1,566

1,600

1,377

1,466

1,478

Interest expense

733

734

747

772

782

733

674

689

523

1,806

-245

-247

-252

1,894

-253

-280

-283

-277

-261

-166

-134

-131

-153

-158

-158

-135

-122

-126

-126

-159

-134

-132

-132

-147

-155

-148

-134

-136

-137

-135

-128

-132

-123

-128

-142

-112

-114

Loss on early extinguishment of debt

-

-

-79

-

-

-

0

-

-

-

-

-

-

-

-101

-542

-

-

0

0

-

-

-521

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

54

31

31

31

31

5

-1

-3

3

-414

192

7

7

-51

7

7

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income tax provision

2,779

2,334

2,133

2,591

1,939

102

1,899

-2,065

1,470

2,809

2,062

1,863

1,534

2,753

2,463

1,528

1,893

2,452

2,070

2,096

1,998

2,190

1,572

2,050

1,866

2,082

2,032

1,846

1,568

1,777

1,680

1,576

1,272

1,811

1,429

1,336

1,171

1,612

1,341

1,366

1,282

1,750

1,443

1,472

1,235

1,353

1,363

Income tax provision

767

590

604

660

512

524

509

497

472

-478

777

766

572

1,046

921

604

746

952

833

824

777

868

624

804

737

816

777

721

614

661

669

610

496

711

562

523

462

599

526

544

510

705

420

583

492

534

539

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

1,529

1,931

-

-

1,390

-2,562

-

3,287

1,285

1,097

962

1,707

1,542

924

1,147

1,500

1,237

1,272

1,221

-

948

-

-

-

1,255

1,125

-

1,116

1,011

966

776

1,100

867

813

709

1,013

815

822

772

1,045

1,023

889

743

818

823

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

0

0

-

-

0

-1

-

0

0

1

-9

-

-1

-

-

-

10

-

-

-

0

-

-

-

-6

-1

-

0

-5

-1

-1

-36

0

2

3

12

-7

-1

-2

6

-2

-3

-5

-82

-48

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

2,012

1,744

1,529

1,931

1,427

-421

1,390

-2,563

998

3,287

1,285

1,098

953

1,707

1,541

924

1,147

-

1,247

-

-

1,321

948

1,246

1,129

1,265

1,249

1,124

954

1,116

1,006

965

775

1,064

867

815

712

1,025

808

821

770

1,051

1,021

886

738

-

-

Net income attributable to noncontrolling interests

5

-3

-1

-5

6

-2

0

0

0

0

0

0

1

0

1

0

1

1

1

0

0

-

0

-

-

-

-

-

-

0

0

-1

-1

-1

-1

-1

-1

-1

-1

0

-1

-

-

-

-

-

-

Preference dividends, net of income tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

3

Net income attributable to CVS Health

2,007

1,747

1,530

1,936

1,421

-

1,390

-2,563

-

3,287

1,285

1,098

952

1,707

1,540

924

1,146

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

821

771

-

1,021

886

738

736

774

Net income per share attributable to CVS Health:
Earnings Per Share, Basic [Abstract]
Net income attributable to CVS Health

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,246

1,272

1,221

-

948

-

-

-

-

-

-

1,116

1,006

966

776

1,065

868

816

713

-

809

-

-

-

-

-

-

732

771

Income (Loss) from Continuing Operations, Per Basic Share

-

-

1.17

1.49

-

-

1.36

-2.52

-

3.22

1.26

1.07

0.93

1.59

1.44

0.86

1.04

-

1.10

-

-

1.13

0.82

1.07

0.96

-

1.03

0.92

-

0.89

0.80

0.76

0.60

0.84

0.65

0.60

0.52

0.74

0.60

0.61

0.56

0.74

0.72

0.61

0.51

0.57

0.57

Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share

-

-

0.00

0.00

-

-

0.00

0.00

-

0.00

0.00

0.00

-0.01

-

-

-

-

-

0.01

-

-

-

0.00

-

-

-

0.00

0.00

-

-0.01

0.00

0.00

0.00

-

-

-

-

-

-0.01

-

0.00

-

-0.01

0.00

0.00

-0.06

-0.03

Net income per share attributable to CVS Health, basic (in dollars per share)

1.54

1.35

1.17

1.49

1.09

-0.39

1.36

-2.52

0.98

3.22

1.26

1.07

0.92

1.59

1.44

0.86

1.04

1.34

1.11

1.13

1.08

1.13

0.82

1.07

0.96

1.05

1.03

0.92

0.77

0.88

0.80

0.76

0.60

0.82

0.65

0.60

0.52

0.75

0.59

0.61

0.56

0.75

0.71

0.61

0.51

0.51

0.54

Earnings Per Share, Diluted [Abstract]
Income (Loss) from Continuing Operations, Per Diluted Share

-

-

1.17

1.49

-

-

1.36

-2.52

-

3.20

1.26

1.07

0.92

1.58

1.43

0.86

1.04

-

1.10

-

-

1.14

0.81

1.06

0.95

-

1.02

0.91

-

0.89

0.79

0.75

0.59

0.82

0.65

0.60

0.52

0.74

0.60

0.60

0.55

0.73

0.71

0.60

0.51

0.56

0.56

Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share

-

-

0.00

0.00

-

-

0.00

0.00

-

0.00

0.00

0.00

-0.01

-

-

-

-

-

0.01

-

-

-

0.00

-

-

-

0.00

0.00

-

-0.01

0.00

0.00

0.00

-

-

-

-

-

-0.01

-

0.00

-

0.00

0.00

-0.01

-0.06

-0.03

Net income per share attributable to CVS Health, diluted (in dollars per share)

1.53

1.33

1.17

1.49

1.09

-0.39

1.36

-2.52

0.98

3.19

1.26

1.07

0.92

1.57

1.43

0.86

1.04

1.33

1.11

1.12

1.07

1.14

0.81

1.06

0.95

1.04

1.02

0.91

0.77

0.89

0.79

0.75

0.59

0.80

0.65

0.60

0.52

0.75

0.59

0.60

0.55

0.74

0.71

0.60

0.50

0.50

0.53

Weighted average shares outstanding:
Weighted average basic shares outstanding (in shares)

1,306

1,303

1,302

1,301

1,298

1,122

1,020

1,018

1,016

1,015

1,016

1,019

1,030

1,062

1,068

1,070

1,092

1,106

1,114

1,124

1,128

1,142

1,157

1,165

1,180

1,191

1,218

1,227

1,232

1,242

1,265

1,278

1,299

1,303

1,332

1,355

1,362

1,363

1,360

1,359

1,386

1,400

1,429

1,457

1,450

1,435

1,431

Weighted average diluted shares outstanding (in shares)

1,312

1,311

1,305

1,302

1,302

1,117

1,022

1,018

1,019

1,017

1,020

1,024

1,035

1,069

1,073

1,075

1,099

1,115

1,121

1,132

1,136

1,148

1,164

1,174

1,190

1,201

1,226

1,236

1,241

1,250

1,274

1,287

1,309

1,313

1,340

1,364

1,371

1,375

1,368

1,369

1,396

1,414

1,445

1,472

1,469

1,469

1,468

Dividends declared per share (in dollars per share)

0.50

0.50

0.50

0.50

0.50

0.50

0.50

0.50

0.50

0.50

0.50

0.50

0.50

0.42

0.42

0.42

0.42

0.35

0.35

0.35

0.35

0.27

0.27

0.27

0.27

0.22

0.22

0.22

0.22

0.16

0.16

0.16

0.16

0.12

0.12

0.12

0.12

0.08

0.08

0.08

0.08

0.07

0.07

0.07

0.07

0.06

0.06

Products
Revenues

47,003

49,213

47,149

45,531

43,343

47,875

46,334

45,652

44,049

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services
Revenues

1,950

1,960

1,859

1,816

1,772

874

308

305

338

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-