CVS Health Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Quarter Ended	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	+73 Quarters
Revenue	93,813	89,764	88,921	85,278	83,846	81,159	80,636	76,826	76,604	73,794	72,616	69,097	69,554	67,056	65,341	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	41,146	38,644	37,169	36,332	37,055	35,021	34,602	32,689	Upgrade
Revenue Growth (YoY)	11.89%	10.60%	10.27%	11.00%	9.45%	9.98%	11.04%	11.19%	10.14%	10.05%	11.13%	3.51%	3.98%	3.47%	3.01%	8.29%	22.90%	36.47%	35.18%	34.77%	12.43%	2.83%	2.71%	2.76%	5.25%	3.51%	4.48%	3.01%	11.78%	15.45%	17.64%	18.94%	11.04%	10.35%	7.42%	11.14%	12.87%	9.67%	10.73%	6.30%	Upgrade
Cost of Revenue	79,937	76,187	75,318	71,903	69,987	67,766	66,780	63,432	62,880	61,092	59,421	56,598	57,597	55,336	51,993	54,734	55,198	53,287	52,057	50,706	44,759	39,941	39,507	38,834	40,492	39,064	38,759	37,943	38,408	37,123	36,710	36,471	33,845	31,983	30,767	30,168	30,422	28,553	28,278	26,747	Upgrade
Gross Profit	13,876	13,577	13,603	13,375	13,859	13,393	13,856	13,394	13,724	12,702	13,195	12,499	11,957	11,720	13,348	12,021	11,691	11,523	11,374	10,940	9,665	7,549	7,415	6,909	7,914	7,117	6,926	6,571	7,583	7,492	7,015	6,744	7,301	6,661	6,402	6,164	6,633	6,468	6,324	5,942	Upgrade
Selling, General & Admin	10,503	9,876	9,873	9,580	10,089	9,612	9,187	9,324	10,020	9,210	8,869	8,922	9,433	8,471	8,668	8,563	8,423	8,595	8,042	8,250	6,613	4,975	4,867	4,913	4,739	4,618	4,674	4,778	4,563	4,668	4,658	4,559	4,551	4,330	4,140	4,032	4,312	4,222	4,116	3,918	Upgrade
Other Operating Expenses	0	11	496	349	111	7,700	0	525	1,358	431	0	0	0	0	0	0	231	0	0	0	2,228	0	3,921	0	-160	192	142	7	-23	7	7	9	21	0	0	0	0	0	0	0	Upgrade
Operating Expenses	10,503	9,887	10,369	9,929	10,200	17,312	9,187	9,849	11,378	9,641	8,869	8,922	9,433	8,471	8,668	8,563	8,654	8,595	8,042	8,250	8,841	4,975	8,788	4,913	4,579	4,810	4,816	4,785	4,540	4,675	4,665	4,568	4,572	4,330	4,140	4,032	4,312	4,222	4,116	3,918	Upgrade
Operating Income	3,373	3,690	3,234	3,446	3,659	-3,919	4,669	3,545	2,346	3,061	4,326	3,577	2,524	3,249	4,680	3,458	3,037	2,928	3,332	2,690	824	2,574	-1,373	1,996	3,335	2,307	2,110	1,786	3,043	2,817	2,350	2,176	2,729	2,331	2,262	2,132	2,321	2,246	2,208	2,024	Upgrade
Interest Expense / Income	690	693	686	589	552	566	583	586	608	602	636	657	678	731	765	733	734	747	772	782	733	674	689	523	318	245	247	252	262	253	280	283	276	261	166	134	131	153	158	158	Upgrade
Other Expense / Income	-21	-18	-9	-16	-45	-34	-33	-41	41	303	-37	-49	632	707	-34	-49	-34	47	-36	-25	-14	1	4	3	208	-	-1	10	28	103	542	1	2	-9	-	-	1	521	-	-	Upgrade
Pretax Income	2,704	3,015	2,557	2,873	3,152	-4,451	4,119	3,000	1,697	2,156	3,727	2,969	1,214	1,811	3,949	2,774	2,337	2,134	2,596	1,933	105	1,899	-2,066	1,470	2,809	2,062	1,864	1,524	2,753	2,461	1,528	1,892	2,451	2,079	2,096	1,998	2,189	1,572	2,050	1,866	Upgrade
Income Tax	658	754	656	737	818	-1,045	1,090	646	300	558	944	746	241	587	974	767	590	604	660	512	524	509	497	472	-478	777	766	572	1,046	921	604	746	953	833	824	777	868	624	804	737	Upgrade
Net Income	2,046	2,261	1,901	2,136	2,334	-3,406	3,029	2,354	1,397	1,598	2,783	2,223	973	1,224	2,975	2,007	1,747	1,530	1,936	1,421	-419	1,390	-2,563	998	3,287	1,285	1,098	952	1,707	1,540	924	1,146	1,498	1,246	1,272	1,221	1,321	948	1,246	1,129	Upgrade
Net Income Growth	-12.34%	-	-37.24%	-9.26%	67.07%	-	8.84%	5.89%	43.58%	30.56%	-6.45%	10.76%	-44.30%	-20.00%	53.67%	41.24%	-	10.07%	-	42.38%	-	8.17%	-	4.83%	92.56%	-16.56%	18.83%	-16.93%	13.95%	23.60%	-27.36%	-6.14%	13.40%	31.43%	2.09%	8.15%	4.43%	-24.10%	10.85%	18.34%	Upgrade
Shares Outstanding (Basic)	1,288	1,287	1,283	1,283	1,309	1,315	1,313	1,312	1,322	1,321	1,319	1,313	1,312	1,310	1,309	1,306	1,304	1,302	1,301	1,298	1,122	1,020	1,018	1,016	1,014	1,016	1,019	1,030	1,064	1,068	1,070	1,092	1,106	1,114	1,124	1,128	1,143	1,157	1,165	1,180	Upgrade
Shares Outstanding (Diluted)	1,293	1,290	1,287	1,291	1,320	1,315	1,321	1,328	1,338	1,329	1,327	1,322	1,314	1,315	1,314	1,312	1,311	1,305	1,302	1,302	1,122	1,022	1,018	1,019	1,018	1,020	1,024	1,035	1,070	1,073	1,075	1,099	1,114	1,121	1,132	1,136	1,151	1,164	1,174	1,190	Upgrade
Shares Change	-2.05%	-1.90%	-2.57%	-2.79%	-1.35%	-1.05%	-0.45%	0.45%	1.83%	1.06%	0.99%	0.76%	0.23%	0.77%	0.92%	0.77%	16.84%	27.69%	27.90%	27.77%	10.22%	0.20%	-0.59%	-1.55%	-4.86%	-4.94%	-4.74%	-5.82%	-3.95%	-4.28%	-5.04%	-3.26%	-3.21%	-3.69%	-3.58%	-4.54%	-4.24%	-5.06%	-5.02%	-4.11%	Upgrade
EPS (Basic)	1.59	1.76	1.48	1.66	1.78	-2.59	2.31	1.79	1.06	1.21	2.11	1.69	0.74	0.93	2.27	1.54	1.34	1.17	1.49	1.09	-0.40	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	1.14	0.82	1.07	0.96	Upgrade
EPS (Diluted)	1.59	1.75	1.48	1.65	1.77	-2.59	2.29	1.77	1.04	1.20	2.10	1.68	0.74	0.93	2.26	1.53	1.33	1.17	1.49	1.09	-0.40	1.36	-2.52	0.98	3.20	1.26	1.07	0.91	1.58	1.43	0.86	1.04	1.34	1.11	1.12	1.07	1.14	0.81	1.06	0.95	Upgrade
EPS Growth	-10.17%	-	-35.37%	-6.78%	70.19%	-	9.05%	5.36%	40.54%	29.03%	-7.08%	9.80%	-44.36%	-20.51%	51.68%	40.37%	-	-13.97%	-	11.22%	-	7.94%	-	7.69%	102.53%	-11.89%	24.42%	-12.50%	17.91%	28.83%	-23.21%	-2.80%	17.54%	37.04%	5.66%	12.63%	9.62%	-20.59%	16.48%	23.38%	Upgrade
Free Cash Flow	-3,547	2,171	5,317	6,454	-2,640	8,543	5,035	2,512	3,408	4,913	5,361	2,063	2,854	1,340	6,671	2,563	2,067	2,327	4,765	1,232	1,894	557	2,504	1,873	-662	2,094	1,576	3,081	1,482	3,440	1,152	1,843	2,828	1,286	520	1,573	2,726	1,101	396	1,789	Upgrade
Free Cash Flow Per Share	-2.75	1.69	4.14	5.03	-2.02	6.50	3.83	1.92	2.58	3.72	4.06	1.57	2.17	1.02	5.10	1.96	1.58	1.79	3.66	0.95	1.69	0.55	2.46	1.84	-0.65	2.06	1.55	2.99	1.39	3.22	1.08	1.69	2.56	1.15	0.46	1.40	2.38	0.95	0.34	1.52	Upgrade
Dividend Per Share	0.605	0.605	0.605	0.605	0.550	0.550	0.550	0.550	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.500	0.425	0.425	0.425	0.425	0.350	0.350	0.350	0.350	0.275	0.275	0.275	0.275	Upgrade
Dividend Growth	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	17.65%	17.65%	17.65%	17.65%	21.43%	21.43%	21.43%	21.43%	27.27%	27.27%	27.27%	27.27%	22.22%	22.22%	22.22%	22.22%	Upgrade
Gross Margin	14.79%	15.13%	15.30%	15.68%	16.53%	16.50%	17.18%	17.43%	17.92%	17.21%	18.17%	18.09%	17.19%	17.48%	20.43%	18.01%	17.48%	17.78%	17.93%	17.75%	17.76%	15.90%	15.80%	15.10%	16.35%	15.41%	15.16%	14.76%	16.49%	16.79%	16.04%	15.61%	17.74%	17.24%	17.22%	16.97%	17.90%	18.47%	18.28%	18.18%	Upgrade
Operating Margin	3.60%	4.11%	3.64%	4.04%	4.36%	-4.83%	5.79%	4.61%	3.06%	4.15%	5.96%	5.18%	3.63%	4.85%	7.16%	5.18%	4.54%	4.52%	5.25%	4.36%	1.51%	5.42%	-2.93%	4.36%	6.89%	5.00%	4.62%	4.01%	6.62%	6.31%	5.37%	5.04%	6.63%	6.03%	6.09%	5.87%	6.26%	6.41%	6.38%	6.19%	Upgrade
Profit Margin	2.18%	2.52%	2.14%	2.50%	2.78%	-4.20%	3.76%	3.06%	1.82%	2.17%	3.83%	3.22%	1.40%	1.83%	4.55%	3.01%	2.61%	2.36%	3.05%	2.31%	-0.77%	2.93%	-5.46%	2.18%	6.79%	2.78%	2.40%	2.14%	3.71%	3.45%	2.11%	2.65%	3.64%	3.22%	3.42%	3.36%	3.56%	2.71%	3.60%	3.45%	Upgrade
Free Cash Flow Margin	-3.78%	2.42%	5.98%	7.57%	-3.15%	10.53%	6.24%	3.27%	4.45%	6.66%	7.38%	2.99%	4.10%	2.00%	10.21%	3.84%	3.09%	3.59%	7.51%	2.00%	3.48%	1.17%	5.34%	4.09%	-1.37%	4.53%	3.45%	6.92%	3.22%	7.71%	2.63%	4.26%	6.87%	3.33%	1.40%	4.33%	7.36%	3.14%	1.14%	5.47%	Upgrade
Effective Tax Rate	24.33%	25.01%	25.66%	25.65%	25.95%	-	26.46%	21.53%	17.68%	25.88%	25.33%	25.13%	19.85%	32.41%	24.66%	27.65%	25.25%	28.30%	25.42%	26.49%	499.05%	26.80%	-	32.11%	-17.02%	37.68%	41.09%	37.53%	37.99%	37.42%	39.53%	39.43%	38.88%	40.07%	39.31%	38.89%	39.65%	39.69%	39.22%	39.50%	Upgrade
EBITDA	3,394	3,708	3,243	3,462	3,704	-3,885	4,702	3,586	-1,092	3,892	5,500	4,752	3,031	3,656	5,816	4,593	4,167	3,973	4,440	3,826	1,645	3,193	-730	2,637	3,749	2,922	2,734	2,395	3,643	3,325	2,427	2,792	3,309	2,872	2,750	2,622	2,809	2,202	2,696	2,501	Upgrade
EBITDA Margin	3.62%	4.13%	3.65%	4.06%	4.42%	-4.79%	5.83%	4.67%	-1.43%	5.27%	7.57%	6.88%	4.36%	5.45%	8.90%	6.88%	6.23%	6.13%	7.00%	6.21%	3.02%	6.72%	-1.56%	5.76%	7.74%	6.33%	5.98%	5.38%	7.92%	7.45%	5.55%	6.46%	8.04%	7.43%	7.40%	7.22%	7.58%	6.29%	7.79%	7.65%	Upgrade
Depreciation & Amortization	0	0	0	0	0	0	0	0	-3,397	1,134	1,137	1,126	1,139	1,114	1,102	1,086	1,096	1,092	1,072	1,111	807	620	647	644	622	615	623	619	628	611	619	617	582	532	488	490	489	477	488	477	Upgrade
EBIT	3,394	3,708	3,243	3,462	3,704	-3,885	4,702	3,586	2,305	2,758	4,363	3,626	1,892	2,542	4,714	3,507	3,071	2,881	3,368	2,715	838	2,573	-1,377	1,993	3,127	2,307	2,111	1,776	3,015	2,714	1,808	2,175	2,727	2,340	2,262	2,132	2,320	1,725	2,208	2,024	Upgrade
EBIT Margin	3.62%	4.13%	3.65%	4.06%	4.42%	-4.79%	5.83%	4.67%	3.01%	3.74%	6.01%	5.25%	2.72%	3.79%	7.21%	5.25%	4.59%	4.45%	5.31%	4.40%	1.54%	5.42%	-2.93%	4.36%	6.46%	5.00%	4.62%	3.99%	6.56%	6.08%	4.13%	5.03%	6.63%	6.06%	6.09%	5.87%	6.26%	4.93%	6.38%	6.19%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).