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    Earning Before Interest and Taxes EBIT    Gross Profit    Net Income from Discontinued Operations    Operating Expenses    Revenues    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.

Earning Before Interest and Taxes EBIT

Earnings Before Interest and Tax is calculated by adding Income Tax Expense and Interest Expense back to Net Income.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of CVS Health Corporation minus its cost of goods sold. It is profit before CVS Health operating expenses, interest payments and taxes. Gross profit is also known as gross margin. Aggregate revenue Revenues less cost of revenue Cost of Revenue directly attributable to the revenue generation activity.

Net Income from Discontinued Operations

Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income.

Operating Expenses

Operating expenses represents the total expenditure on Selling General and Administrative Expense, [RND] and other operating expense items, it excludes Cost of Revenue.

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.

Income Tax Expense

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