CVS Health Historical Income Statement Analysis

Historical analysis of CVS Health income statement accounts such as Cost of Revenue of 145 B, Earning Before Interest and Taxes EBIT of 10.1 B or Gross Profit of 28.9 B can show how well CVS Health Corporation performed in making a profits. Evaluating CVS Health income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CVS Health future profits or losses. Financial Statement Analysis is much more than just reviewing and examining CVS Health latest accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether CVS Health is a good buy for the upcoming year. Check also Trending Equities.
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CVS Health Corporation Income Statement Chart

Consolidated Income    Cost of Revenue    Net Income    Net Income Common Stock    Net Income Common Stock USD    Operating Income    Revenues    Revenues USD    Selling General and Administrative Expense    Income Tax Expense    

Consolidated Income

The portion of profit or loss for the period, net of income taxes, which is attributable to the consolidated entity, before the deduction of Net Income to Non Controlling Interests.

Cost of Revenue

Cost of Revenue is found on CVS Health income statement and represents the costs associated with goods and services CVS Health provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities. The aggregate cost of goods produced and sold and services rendered during the reporting period.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in CVS Health financial statement analysis. It represents the amount of money remaining after all of CVS Health Corporation operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent after the deduction of Net Income to Non Controlling Interests from Consolidated Income, and before the deduction of Preferred Dividends Income Statement Impact.

Net Income Common Stock

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Typically differs from Net Income to the parent entity due to the deduction of Preferred Dividends Income Statement Impact.

Net Income Common Stock USD

Net Income Common Stock in USD, converted by [FXUSD].

Operating Income

Operating Income is the amount of profit realized from CVS Health operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of CVS Health Corporation is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Operating income is a measure of financial performance before the deduction of Interest Expense, Income Tax Expense and other Non-Operating items. It is calculated as Gross Profit minus Operating Expenses.

Revenues

Revenues refers to the total amount of money received by CVS Health for goods sold or services provided during a certain time period. It also includes all of CVS Health sales as well as any other increase in CVS Health Corporation equity.Revenues are reported on CVS Health income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.

Revenues USD

Revenues in USD, converted by [FXUSD].

Selling General and Administrative Expense

A component of Operating Expenses representing the aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.

Income Tax Expense

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.