CVS Historical Income Statement

CVS Stock

USD 60.22 0.81 1.33%

Historical analysis of CVS Health income statement accounts such as Interest Expense of 2.8 B, Selling General Administrative of 40.3 B or Total Revenue of 375.7 B can show how well CVS Health Corp 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's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining CVS Health Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CVS Health Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

About CVS Income Statement Analysis

CVS Health Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CVS Health shareholders. The income statement also shows CVS investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

CVS Health Income Statement Chart

At this time, CVS Health's Cost Of Revenue is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 41.8 B in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (2.4 B).

Selling General Administrative Total Revenue Other Operating Expenses Operating Income Ebitda

Total Revenue

Total revenue comprises all receipts CVS Health Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CVS Health Corp. It is also known as CVS Health overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from CVS Health Corp 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 Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from CVS Health's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CVS Health Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

	2021	2022	2023	2024 (projected)
Operating Income	13.2B	16.3B	13.7B	14.4B
Other Operating Expenses	277.1B	306.4B	601.0B	631.0B

Operating Income Other Operating Expenses

CVS Health income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Discontinued Operations	Net Income From Continuing Ops	Minority Interest	Non Operating Income Net Other	Tax Provision	Interest Income	Extraordinary Items	Net Interest Income	Reconciled Depreciation	Non Recurring
Depreciation And Amortization		0.88	0.94	0.89	-0.19	0.7	0.83	0.87	0.9	0.67	0.94	0.66	-0.51	0.71	0.28	0.82	0.01	0.56	-0.27	0.25	-0.57	0.74	-0.11	-0.82	0.91	-0.48
Interest Expense	0.88		0.9	0.88	-0.28	0.73	0.68	0.82	0.8	0.7	0.9	0.44	-0.64	0.48	0.16	0.81	-0.05	0.3	-0.26	0.35	-0.68	0.88	-0.13	-0.97	0.88	-0.39
Selling General Administrative	0.94	0.9		0.98	-0.39	0.85	0.9	0.94	0.87	0.83	1.0	0.67	-0.6	0.72	0.3	0.94	-0.03	0.51	-0.29	0.37	-0.62	0.75	-0.14	-0.85	0.92	-0.25
Total Revenue	0.89	0.88	0.98		-0.49	0.91	0.89	0.94	0.83	0.89	0.99	0.68	-0.57	0.71	0.32	0.95	0.02	0.48	-0.36	0.44	-0.66	0.67	-0.07	-0.81	0.86	-0.12
Gross Profit	-0.19	-0.28	-0.39	-0.49		-0.81	-0.26	-0.23	0.06	-0.83	-0.4	-0.41	-0.1	-0.42	-0.19	-0.64	0.12	-0.27	0.81	-0.49	0.09	-0.18	0.1	0.3	-0.32	-0.41
Other Operating Expenses	0.7	0.73	0.85	0.91	-0.81		0.72	0.74	0.53	1.0	0.86	0.65	-0.34	0.68	0.31	0.95	-0.05	0.45	-0.63	0.53	-0.49	0.54	-0.1	-0.69	0.74	0.1
Operating Income	0.83	0.68	0.9	0.89	-0.26	0.72		0.93	0.87	0.7	0.9	0.8	-0.47	0.83	0.43	0.79	0.15	0.65	-0.07	0.16	-0.49	0.47	-0.06	-0.58	0.78	-0.18
Ebit	0.87	0.82	0.94	0.94	-0.23	0.74	0.93		0.95	0.72	0.93	0.66	-0.65	0.66	0.43	0.83	0.16	0.41	-0.07	0.25	-0.63	0.6	-0.07	-0.71	0.77	-0.16
Ebitda	0.9	0.8	0.87	0.83	0.06	0.53	0.87	0.95		0.5	0.87	0.58	-0.67	0.59	0.35	0.68	0.16	0.41	0.1	0.12	-0.62	0.62	-0.05	-0.69	0.76	-0.38
Cost Of Revenue	0.67	0.7	0.83	0.89	-0.83	1.0	0.7	0.72	0.5		0.84	0.64	-0.32	0.67	0.3	0.94	-0.05	0.44	-0.65	0.53	-0.47	0.52	-0.1	-0.67	0.72	0.13
Total Operating Expenses	0.94	0.9	1.0	0.99	-0.4	0.86	0.9	0.93	0.87	0.84		0.67	-0.6	0.72	0.29	0.94	-0.02	0.51	-0.3	0.38	-0.63	0.75	-0.14	-0.85	0.92	-0.25
Income Before Tax	0.66	0.44	0.67	0.68	-0.41	0.65	0.8	0.66	0.58	0.64	0.67		0.11	0.98	0.7	0.6	0.2	0.81	-0.35	-0.03	-0.11	0.19	0.03	-0.33	0.54	-0.26
Total Other Income Expense Net	-0.51	-0.64	-0.6	-0.57	-0.1	-0.34	-0.47	-0.65	-0.67	-0.32	-0.6	0.11		0.06	0.21	-0.53	0.05	0.18	-0.28	-0.36	0.7	-0.66	0.19	0.63	-0.57	-0.02
Net Income	0.71	0.48	0.72	0.71	-0.42	0.68	0.83	0.66	0.59	0.67	0.72	0.98	0.06		0.53	0.65	0.12	0.88	-0.37	0.04	-0.23	0.24	0.11	-0.39	0.63	-0.29
Income Tax Expense	0.28	0.16	0.3	0.32	-0.19	0.31	0.43	0.43	0.35	0.3	0.29	0.7	0.21	0.53		0.22	0.4	0.28	-0.15	-0.25	0.28	-0.02	-0.26	-0.04	0.06	-0.08
Selling And Marketing Expenses	0.82	0.81	0.94	0.95	-0.64	0.95	0.79	0.83	0.68	0.94	0.94	0.6	-0.53	0.65	0.22		-0.11	0.44	-0.49	0.46	-0.56	0.68	-0.18	-0.78	0.86	-0.03
Discontinued Operations	0.01	-0.05	-0.03	0.02	0.12	-0.05	0.15	0.16	0.16	-0.05	-0.02	0.2	0.05	0.12	0.4	-0.11		0.13	0.22	-0.25	0.09	-0.15	0.01	0.13	-0.12	0.01
Net Income From Continuing Ops	0.56	0.3	0.51	0.48	-0.27	0.45	0.65	0.41	0.41	0.44	0.51	0.81	0.18	0.88	0.28	0.44	0.13		-0.27	-0.11	-0.05	0.17	0.14	-0.25	0.56	-0.33
Minority Interest	-0.27	-0.26	-0.29	-0.36	0.81	-0.63	-0.07	-0.07	0.1	-0.65	-0.3	-0.35	-0.28	-0.37	-0.15	-0.49	0.22	-0.27		-0.54	0.0	-0.19	0.07	0.29	-0.28	-0.1
Non Operating Income Net Other	0.25	0.35	0.37	0.44	-0.49	0.53	0.16	0.25	0.12	0.53	0.38	-0.03	-0.36	0.04	-0.25	0.46	-0.25	-0.11	-0.54		-0.53	0.3	0.08	-0.36	0.31	0.37
Tax Provision	-0.57	-0.68	-0.62	-0.66	0.09	-0.49	-0.49	-0.63	-0.62	-0.47	-0.63	-0.11	0.7	-0.23	0.28	-0.56	0.09	-0.05	0.0	-0.53		-0.47	-0.44	0.61	-0.54	0.08
Interest Income	0.74	0.88	0.75	0.67	-0.18	0.54	0.47	0.6	0.62	0.52	0.75	0.19	-0.66	0.24	-0.02	0.68	-0.15	0.17	-0.19	0.3	-0.47		-0.39	-0.95	0.85	-0.41
Extraordinary Items	-0.11	-0.13	-0.14	-0.07	0.1	-0.1	-0.06	-0.07	-0.05	-0.1	-0.14	0.03	0.19	0.11	-0.26	-0.18	0.01	0.14	0.07	0.08	-0.44	-0.39		0.24	-0.25	0.09
Net Interest Income	-0.82	-0.97	-0.85	-0.81	0.3	-0.69	-0.58	-0.71	-0.69	-0.67	-0.85	-0.33	0.63	-0.39	-0.04	-0.78	0.13	-0.25	0.29	-0.36	0.61	-0.95	0.24		-0.9	0.42
Reconciled Depreciation	0.91	0.88	0.92	0.86	-0.32	0.74	0.78	0.77	0.76	0.72	0.92	0.54	-0.57	0.63	0.06	0.86	-0.12	0.56	-0.28	0.31	-0.54	0.85	-0.25	-0.9		-0.42
Non Recurring	-0.48	-0.39	-0.25	-0.12	-0.41	0.1	-0.18	-0.16	-0.38	0.13	-0.25	-0.26	-0.02	-0.29	-0.08	-0.03	0.01	-0.33	-0.1	0.37	0.08	-0.41	0.09	0.42	-0.42

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CVS Health Account Relationship Matchups

CVS Health income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	4.5B	4.6B	6.5B	4.2B	4.4B	4.6B
Interest Expense	3.0B	2.9B	2.5B	2.3B	2.7B	2.8B
Selling General Administrative	32.2B	34.5B	36.2B	37.5B	38.4B	40.3B
Total Revenue	256.8B	268.7B	292.1B	322.5B	357.8B	375.7B
Gross Profit	45.5B	49.0B	52.0B	54.3B	(203.4B)	(193.2B)
Other Operating Expenses	244.8B	254.8B	277.1B	306.4B	601.0B	631.0B
Operating Income	12.0B	13.9B	13.2B	16.3B	13.7B	14.4B
Ebit	12.0B	13.9B	13.2B	16.3B	13.7B	14.4B
Ebitda	16.5B	18.6B	19.7B	20.5B	13.7B	14.4B
Cost Of Revenue	211.2B	219.7B	240.1B	268.2B	561.1B	589.2B
Total Operating Expenses	33.5B	35.1B	37.1B	38.2B	39.8B	41.8B
Income Before Tax	9.0B	9.8B	10.4B	5.6B	11.2B	11.7B
Total Other Income Expense Net	(3.0B)	(4.1B)	(2.8B)	(10.6B)	(2.6B)	(2.4B)
Net Income	6.6B	7.2B	8.0B	4.3B	8.3B	8.8B
Income Tax Expense	2.4B	2.6B	2.5B	1.5B	2.8B	2.9B
Selling And Marketing Expenses	396M	613M	707M	745M	985M	1.0B
Net Income Applicable To Common Shares	6.6B	7.2B	7.9B	4.1B	4.8B	3.7B
Non Operating Income Net Other	45M	(1.2B)	(270M)	169M	194.4M	204.1M
Tax Provision	2.4B	2.6B	2.5B	1.5B	2.8B	2.0B
Interest Income	3.0B	2.9B	2.5B	2.3B	2.6B	2.0B
Net Interest Income	(3.0B)	(2.9B)	(2.5B)	(2.3B)	(2.7B)	(2.8B)
Reconciled Depreciation	4.4B	4.4B	4.5B	4.2B	4.4B	4.3B

Pair Trading with CVS Health

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CVS Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CVS Health will appreciate offsetting losses from the drop in the long position's value.

Moving together with CVS Stock

0.89

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Moving against CVS Stock

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The ability to find closely correlated positions to CVS Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CVS Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CVS Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CVS Health Corp to buy it.

The correlation of CVS Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CVS Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVS Health Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for CVS Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for CVS Stock Analysis

When running CVS Health's price analysis, check to measure CVS Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CVS Health is operating at the current time. Most of CVS Health's value examination focuses on studying past and present price action to predict the probability of CVS Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVS Health's price. Additionally, you may evaluate how the addition of CVS Health to your portfolios can decrease your overall portfolio volatility.

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CVS Historical Income Statement

About CVS Income Statement Analysis

CVS Health Income Statement Chart

Total Revenue

Other Operating Expenses

Operating Income

CVS Health income statement Correlations

CVS Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CVS Health income statement Accounts

Pair Trading with CVS Health

Moving together with CVS Stock

Moving against CVS Stock

Additional Tools for CVS Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Operating Expenses	+ 1.0	Selling General Administrative
Cost Of Revenue	+ 1.0	Other Operating Expenses
Total Operating Expenses	+ 0.99	Total Revenue
Total Revenue	+ 0.98	Selling General Administrative
Net Income	+ 0.98	Income Before Tax
Selling And Marketing Expenses	+ 0.95	Total Revenue

Net Interest Income	- 0.97	Interest Expense
Net Interest Income	- 0.95	Interest Income
Reconciled Depreciation	- 0.9	Net Interest Income
Net Interest Income	- 0.85	Total Operating Expenses
Net Interest Income	- 0.85	Selling General Administrative
Cost Of Revenue	- 0.83	Gross Profit