CVS Health Corporation (CVS)
NYSE: CVS · Real-Time Price · USD
83.85
+2.52 (3.10%)
At close: Nov 6, 2026, 4:00 PM EST
84.18
+0.33 (0.39%)
After-hours: Nov 6, 2026, 7:58 PM EST
CVS Health Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Net Income | 2,172 | 2,979 | 2,943 | 2,943 | -3,975 | 1,021 | 1,779 | 1,644 | 87 | 1,770 | 1,113 | 2,046 | 2,261 | 1,901 | 2,136 | 2,334 | -3,406 | 3,029 | 2,354 | 1,306 |
Depreciation & Amortization | 1,132 | 1,126 | 1,115 | 1,147 | 1,134 | 1,171 | 1,154 | 1,147 | 1,161 | 1,151 | 1,138 | 1,134 | 1,127 | 1,104 | 1,001 | 1,043 | 1,050 | 1,082 | 1,049 | 1,115 |
Loss (Gain) From Sale of Assets | - | - | - | - | -483 | - | 236 | - | - | - | - | 349 | - | - | - | -238 | 2,521 | -225 | - | - |
Asset Writedown & Restructuring Costs | - | - | - | - | 5,725 | - | - | - | 840 | - | - | - | 152 | - | - | - | - | - | - | 1,358 |
Stock-Based Compensation | 168 | 176 | 266 | 135 | 138 | 136 | 126 | 137 | 133 | 133 | 137 | 127 | 154 | 204 | 103 | 106 | 105 | 147 | 89 | 138 |
Other Operating Activities | -104 | -134 | -77 | 186 | -172 | -122 | -166 | -674 | -587 | -126 | -206 | -248 | -246 | -55 | 161 | 514 | -1,960 | -61 | -174 | -94 |
Change in Accounts Receivable | -1,721 | 672 | -1,205 | 4,039 | -3,398 | -1,086 | -3,053 | -315 | -3,784 | -210 | 3,008 | -2,340 | -3,116 | -53 | -751 | -962 | 678 | -720 | -1,967 | 801 |
Change in Inventory | -618 | 148 | 1,476 | -285 | -1,653 | -51 | 722 | -457 | -1,582 | 277 | 1,660 | -72 | -495 | 972 | 828 | -1,020 | -884 | 869 | -400 | -362 |
Change in Accounts Payable | 753 | 218 | -562 | -1,197 | 1,221 | 1,212 | 2,619 | 166 | 978 | 2,601 | -1,410 | 1,152 | 2,584 | 1,085 | -1,203 | 910 | 1,317 | 59 | 1,974 | -1,075 |
Change in Other Net Operating Assets | 2,942 | 1,160 | 293 | -3,578 | 2,259 | -384 | 1,139 | 212 | 2,009 | -2,507 | -537 | -4,784 | 295 | 750 | 5,163 | -4,639 | 9,702 | 1,263 | 638 | 818 |
Operating Cash Flow | 4,724 | 6,345 | 4,249 | 3,390 | 796 | 1,897 | 4,556 | 1,860 | -745 | 3,089 | 4,903 | -2,636 | 2,716 | 5,908 | 7,438 | -1,952 | 9,123 | 5,443 | 3,563 | 4,005 |
Operating Cash Flow Growth (YoY) | 493.47% | 234.47% | -6.74% | 82.26% | - | -38.59% | -7.08% | - | - | -47.72% | -34.08% | - | -70.23% | 8.54% | 108.76% | - | 65.24% | -6.91% | 23.20% | - |
Investing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Capital Expenditures | -817 | -691 | -849 | -784 | -698 | -607 | -743 | -768 | -670 | -638 | -705 | -911 | -545 | -591 | -984 | -688 | -580 | -408 | -1,051 | -597 |
Cash Acquisitions | -6 | -4 | -5 | -7 | -290 | -119 | -20 | -10 | -12 | -48 | -25 | -120 | -18 | -9,380 | -7,094 | -8 | -6 | -118 | -7 | -11 |
Divestitures | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 679 | 15 | -1,943 | - | - |
Investment in Securities | -1,989 | -1,194 | -27 | -1,224 | -1,085 | -302 | -18 | 205 | -2,680 | -971 | -1,392 | -236 | -219 | -392 | -467 | -113 | -254 | 254 | -904 | -859 |
Other Investing Activities | 25 | 5 | 7 | 17 | -14 | 4 | 19 | 26 | 15 | 32 | 28 | 25 | 11 | 1 | 31 | 11 | 20 | 85 | -31 | 27 |
Investing Cash Flow | -2,787 | -1,884 | -874 | -1,998 | -2,087 | -1,024 | -762 | -547 | -3,347 | -1,625 | -2,094 | -1,242 | -771 | -10,362 | -8,514 | -119 | -805 | -2,130 | -1,993 | -1,440 |
Financing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Short-Term Debt Issued | - | - | - | - | - | - | - | - | - | - | 2,519 | - | - | - | - | - | - | - | - | - |
Long-Term Debt Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,951 | - | - | - | - | - |
Total Debt Issued | - | - | - | - | 3,048 | 921 | - | 4,273 | 600 | 2,440 | 2,519 | 200 | -1,000 | 10,947 | 5,951 | - | - | - | - | - |
Short-Term Debt Repaid | - | - | - | - | - | - | -859 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long-Term Debt Repaid | - | - | -1,518 | - | - | - | -743 | - | - | - | -18 | - | - | - | -362 | - | - | - | -14 | - |
Total Debt Repaid | -770 | -1,769 | -1,518 | -1,267 | -3,719 | 840 | -1,602 | -3,067 | -1,469 | -219 | -18 | -432 | -947 | -6,425 | -362 | -16 | -2,666 | -1,515 | -14 | -2,431 |
Net Debt Issued (Repaid) | -770 | -1,769 | -1,518 | -1,267 | -671 | 1,761 | -1,602 | 1,206 | -869 | 2,221 | 2,501 | -232 | -1,947 | 4,522 | 5,589 | -16 | -2,666 | -1,515 | -14 | -2,431 |
Issuance of Common Stock | 122 | 114 | 103 | 86 | 117 | 47 | 144 | 19 | 114 | 25 | 203 | 35 | 122 | 24 | 96 | 41 | 162 | 51 | 297 | 109 |
Repurchase of Common Stock | -21 | -145 | -9 | -13 | -20 | -114 | -11 | -4 | -4 | -142 | -3,058 | -5 | -4 | -132 | -2,052 | -1,533 | -8 | -267 | -2,062 | -7 |
Common Dividends Paid | -853 | -878 | -847 | -845 | -846 | -866 | -840 | -838 | -837 | -858 | -840 | -779 | -779 | -795 | -779 | -719 | -726 | -740 | -722 | -660 |
Other Financing Activities | -4 | -15 | -47 | 7 | 38 | -22 | -23 | 48 | 8 | 3 | -33 | 9 | -89 | 7 | -128 | 40 | 20 | 10 | -149 | 75 |
Financing Cash Flow | -1,526 | -2,693 | -2,318 | -2,032 | -1,382 | 806 | -2,332 | 431 | -1,588 | 1,249 | -1,227 | -972 | -2,697 | 3,626 | 2,726 | -2,187 | -3,218 | -2,461 | -2,650 | -2,914 |
Net Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Net Cash Flow | 411 | 1,768 | 1,057 | -640 | -2,673 | 1,679 | 1,462 | 1,744 | -5,680 | 2,713 | 1,582 | -4,850 | -752 | -828 | 1,650 | -4,258 | 5,100 | 852 | -1,080 | -349 |
Free Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Free Cash Flow | 3,907 | 5,654 | 3,400 | 2,606 | 98 | 1,290 | 3,813 | 1,092 | -1,415 | 2,451 | 4,198 | -3,547 | 2,171 | 5,317 | 6,454 | -2,640 | 8,543 | 5,035 | 2,512 | 3,408 |
Free Cash Flow Growth (YoY) | 3886.74% | 338.30% | -10.83% | 138.64% | - | -47.37% | -9.17% | - | - | -53.90% | -34.96% | - | -74.59% | 5.60% | 156.93% | - | 73.89% | -6.08% | 21.76% | - |
Free Cash Flow Margin | 3.63% | 5.36% | 3.40% | 2.48% | 0.10% | 1.31% | 4.05% | 1.13% | -1.49% | 2.70% | 4.77% | -3.79% | 2.43% | 6.00% | 7.60% | -3.16% | 10.55% | 6.25% | 3.28% | 4.47% |
Free Cash Flow Per Share | 3.03 | 4.39 | 2.66 | 2.04 | 0.08 | 1.02 | 3.02 | 0.87 | -1.12 | 1.95 | 3.31 | -2.74 | 1.68 | 4.13 | 5.00 | -2.00 | 6.50 | 3.81 | 1.89 | 2.55 |
Levered Free Cash Flow | 3,115 | 5,381 | 2,758 | 228.63 | -605.5 | 2,547 | 3,486 | 1,276 | -1,748 | 3,251 | 3,864 | -3,585 | 1,844 | 5,967 | 6,498 | -2,502 | 7,926 | 4,999 | 1,260 | 3,559 |
Unlevered Free Cash Flow | 3,582 | 5,854 | 3,242 | 720.5 | -115.5 | 3,023 | 3,977 | 1,750 | -1,278 | 3,709 | 4,312 | -3,153 | 2,277 | 6,396 | 6,866 | -2,157 | 8,280 | 5,364 | 1,626 | 3,939 |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Cash Interest Paid | 1,035 | 460 | 1,091 | 462 | 1,045 | 472 | 1,012 | 518 | 999 | 349 | 1,043 | 369 | 918 | 358 | 773 | 303 | 786 | 368 | 782 | 374 |
Cash Income Tax Paid | 671 | 374 | -337 | 998 | 305 | 725 | 138 | 274 | 700 | 666 | 63 | 908 | 837 | 1,704 | 75 | 1,046 | 1,183 | 1,791 | 96 | 798 |
Change in Working Capital | 1,356 | 2,198 | 2 | -1,021 | -1,571 | -309 | 1,427 | -394 | -2,379 | 161 | 2,721 | -6,044 | -732 | 2,754 | 4,037 | -5,711 | 10,813 | 1,471 | 245 | 182 |