CVS Financial Statements From 2010 to 2024

CVS Stock  USD 79.43  0.11  0.14%   
CVS Health financial statements provide useful quarterly and yearly information to potential CVS Health Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on CVS Health financial statements helps investors assess CVS Health's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting CVS Health's valuation are summarized below:
Gross Profit
53.5 B
Profit Margin
0.0234
Market Capitalization
100.1 B
Enterprise Value Revenue
0.4689
Revenue
356.6 B
There are over one hundred nineteen available fundamental signals for CVS Health Corp, which can be analyzed over time and compared to other ratios. All traders should validate CVS Health's prevailing fundamentals against the performance from 2010 to 2024 and make sure the trends continue to evolve in the right direction.
Check CVS Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CVS main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.6 B, Interest Expense of 2.8 B or Selling General Administrative of 45.2 B, as well as many exotic indicators such as Short Term Coverage Ratios of 2.71, Price Earnings Ratio of 11.55 or Price To Sales Ratio of 0.27. CVS financial statements analysis is a perfect complement when working with CVS Health Valuation or Volatility modules.
  
This module can also supplement CVS Health's financial leverage analysis and stock options assessment as well as various CVS Health Technical models . Check out the analysis of CVS Health Correlation against competitors.

CVS Health Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets262.2 B249.7 B145.6 B
Slightly volatile
Short and Long Term Debt Total83.4 B79.4 B45.7 B
Slightly volatile
Other Current Liabilities2.3 B2.5 B10.5 B
Pretty Stable
Total Current Liabilities83.1 B79.2 B40 B
Slightly volatile
Total Stockholder Equity80.3 B76.5 B50.6 B
Slightly volatile
Property Plant And Equipment Net32 B30.4 B17.9 B
Slightly volatile
Retained Earnings64.7 B61.6 B40 B
Slightly volatile
Cash8.6 B8.2 B4.9 B
Slightly volatile
Non Current Assets Total191 B181.9 B105.6 B
Slightly volatile
Non Currrent Assets Other3.8 B3.6 B2.7 B
Slightly volatile
Cash And Short Term Investments12 B11.5 B6.3 B
Slightly volatile
Net Receivables37 B35.2 B16.7 B
Slightly volatile
Common Stock Shares Outstanding984.2 M1.3 B1.2 B
Slightly volatile
Liabilities And Stockholders Equity262.2 B249.7 B145.6 B
Slightly volatile
Non Current Liabilities Total98.6 B93.9 B54.9 B
Slightly volatile
Inventory18.9 B18 B14.3 B
Slightly volatile
Other Current Assets3.3 B3.2 B2.3 B
Slightly volatile
Total Liabilities181.7 B173.1 B94.9 B
Slightly volatile
Property Plant And Equipment Gross53.7 B51.1 B18.2 B
Slightly volatile
Total Current Assets71.3 B67.9 B40 B
Slightly volatile
Short Term Debt4.9 B4.7 BB
Slightly volatile
Intangible Assets30.7 B29.2 B19.6 B
Slightly volatile
Accounts Payable15.6 B14.9 BB
Slightly volatile
Good Will95.8 B91.3 B53.7 B
Slightly volatile
Common Stock Total Equity58.2 B55.4 B23.1 B
Slightly volatile
Other Liabilities24.1 B22.9 B11.6 B
Slightly volatile
Other Assets4.8 B8.7 B7.3 B
Slightly volatile
Long Term Debt61.6 B58.6 B35.7 B
Slightly volatile
Property Plant Equipment9.5 B14.8 B11.6 B
Slightly volatile
Short Term Investments3.4 B3.3 B1.4 B
Slightly volatile
Retained Earnings Total Equity39.9 B64.6 B39.5 B
Slightly volatile
Long Term Debt Total34 B58 B34.4 B
Slightly volatile
Capital Surpluse32.6 B36.9 B31.3 B
Slightly volatile
Deferred Long Term Liabilities5.3 B4.5 B4.9 B
Slightly volatile
Non Current Liabilities Other12.4 B11.7 B12.1 B
Slightly volatile
Short and Long Term Debt3.2 BB2.3 B
Slightly volatile
Warrants31.2 M35.1 M38.2 M
Slightly volatile
Cash And Equivalents15.6 B14.9 B6.4 B
Slightly volatile
Net Invested Capital134.4 B138.1 B96.2 B
Slightly volatile
Long Term Investments19 B23 B9.4 B
Slightly volatile
Capital Stock51.8 B49 B46.5 B
Slightly volatile
Capital Lease Obligations15.5 B17.8 B19.8 B
Slightly volatile

CVS Health Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization4.6 B4.4 B3.1 B
Slightly volatile
Selling General Administrative45.2 B43.1 B24.5 B
Slightly volatile
Total Revenue375.7 B357.8 B205.7 B
Slightly volatile
Other Operating Expenses631 B601 B230.4 B
Slightly volatile
Operating Income14.4 B13.7 B9.8 B
Slightly volatile
EBIT14.4 B13.7 B10.3 B
Slightly volatile
EBITDA14.4 B13.7 B12.8 B
Slightly volatile
Cost Of Revenue589.2 B561.1 B206.1 B
Slightly volatile
Total Operating Expenses41.8 B39.8 B24.3 B
Slightly volatile
Income Before Tax11.7 B11.2 B7.5 B
Slightly volatile
Income Tax Expense2.9 B2.8 B2.4 B
Pretty Stable
Selling And Marketing Expenses899.6 M856.8 M492.4 M
Slightly volatile
Tax ProvisionB2.8 B2.7 B
Slightly volatile
Interest IncomeB2.6 B1.5 B
Slightly volatile
Reconciled Depreciation4.3 B4.4 B3.3 B
Slightly volatile
Non Recurring5.5 B9.6 B5.3 B
Pretty Stable

CVS Health Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation617.4 M588 M304.7 M
Slightly volatile
Free Cash Flow10.9 B10.4 BB
Slightly volatile
Begin Period Cash Flow14 B13.3 B5.3 B
Slightly volatile
Depreciation4.6 B4.4 B2.9 B
Slightly volatile
Capital Expenditures1.6 BB2.1 B
Slightly volatile
Total Cash From Operating Activities14.1 B13.4 B10.2 B
Slightly volatile
End Period Cash FlowB8.5 B5.3 B
Slightly volatile
Change To Liabilities5.1 B4.9 BB
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Short Term Coverage Ratios2.712.84874.7626
Slightly volatile
Price To Sales Ratio0.270.28360.494
Slightly volatile
Dividend Yield0.02430.03090.0203
Slightly volatile
Operating Cycle97.6557.626967.1853
Pretty Stable
Price Book Value Ratio1.261.3271.9896
Slightly volatile
Days Of Payables Outstanding31.3717.924821.6339
Pretty Stable
Operating Cash Flow Per Share10.9710.44828.3379
Slightly volatile
Price To Operating Cash Flows Ratio14.557.557210.6432
Slightly volatile
Free Cash Flow Per Share8.498.08956.4915
Slightly volatile
Price To Free Cash Flows Ratio10.259.760817.8428
Slightly volatile
Pretax Profit Margin0.0530.03120.043
Slightly volatile
Inventory Turnover17.6716.829111.0626
Slightly volatile
Ebt Per Ebit0.640.8130.7698
Slightly volatile
Payables Turnover11.4520.362817.6756
Pretty Stable
Operating Profit Margin0.06330.03840.053
Slightly volatile
Effective Tax Rate0.440.25110.4061
Very volatile
Company Equity Multiplier1.733.26612.5577
Slightly volatile
Long Term Debt To Capitalization0.520.49410.389
Slightly volatile
Cash Per Share9.368.91445.0568
Slightly volatile
Total Debt To Capitalization0.530.50940.41
Slightly volatile
Return On Capital Employed0.07660.08060.1182
Slightly volatile
Debt Equity Ratio1.091.03820.7811
Slightly volatile
Ebit Per Revenue0.06330.03840.053
Slightly volatile
Quick Ratio0.390.58950.5624
Pretty Stable
Cash Ratio0.190.10350.1284
Pretty Stable
Cash Conversion Cycle69.539.70245.7661
Pretty Stable
Operating Cash Flow Sales Ratio0.03480.03750.0496
Pretty Stable
Days Of Inventory Outstanding20.621.688637.276
Slightly volatile
Days Of Sales Outstanding37.7435.938327.2886
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.810.77420.7322
Slightly volatile
Cash Flow Coverage Ratios0.160.16910.3455
Slightly volatile
Price To Book Ratio1.261.3271.9896
Slightly volatile
Current Ratio0.810.85691.1656
Slightly volatile
Fixed Asset Turnover8.9911.755412.8675
Slightly volatile
Price Cash Flow Ratio14.557.557210.6432
Slightly volatile
Enterprise Value Multiple7.149.06179.4714
Pretty Stable
Debt Ratio0.330.31790.2735
Slightly volatile
Cash Flow To Debt Ratio0.160.16910.3455
Slightly volatile
Price Sales Ratio0.270.28360.494
Slightly volatile
Receivables Turnover9.6510.156314.2066
Slightly volatile
Asset Turnover2.231.43271.6507
Slightly volatile
Gross Profit Margin0.290.15210.1876
Very volatile
Price Fair Value1.261.3271.9896
Slightly volatile

CVS Fundamental Market Drivers

Forward Price Earnings9.542
Cash And Short Term Investments11.5 B

CVS Upcoming Events

7th of February 2024
Upcoming Quarterly Report
View
1st of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
7th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About CVS Health Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include CVS Health income statement, its balance sheet, and the statement of cash flows. CVS Health investors use historical funamental indicators, such as CVS Health's revenue or net income, to determine how well the company is positioned to perform in the future. Although CVS Health investors may use each financial statement separately, they are all related. The changes in CVS Health's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CVS Health's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on CVS Health Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CVS Health. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Current Deferred Revenue57.1 B60 B
Total Revenue357.8 B375.7 B
Cost Of Revenue561.1 B589.2 B
Ebit Per Revenue 0.04  0.06 

CVS Health Investors Sentiment

The influence of CVS Health's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in CVS. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to CVS Health's public news can be used to forecast risks associated with an investment in CVS. The trend in average sentiment can be used to explain how an investor holding CVS can time the market purely based on public headlines and social activities around CVS Health Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CVS Health's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CVS Health's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average CVS Health's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CVS Health.

CVS Health Implied Volatility

    
  26.34  
CVS Health's implied volatility exposes the market's sentiment of CVS Health Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if CVS Health's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that CVS Health stock will not fluctuate a lot when CVS Health's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CVS Health in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CVS Health's short interest history, or implied volatility extrapolated from CVS Health options trading.

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 against CVS Stock

  0.43MBIO Mustang Bio Report 3rd of April 2024 PairCorr
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 CorrelationCorrelation Matching
When determining whether CVS Health Corp is a strong investment it is important to analyze CVS Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CVS Health's future performance. For an informed investment choice regarding CVS Stock, refer to the following important reports:
Check out the analysis of CVS Health Correlation against competitors.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

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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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Is CVS Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CVS Health. If investors know CVS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CVS Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Dividend Share
2.42
Earnings Share
6.47
Revenue Per Share
277.528
Quarterly Revenue Growth
0.12
The market value of CVS Health Corp is measured differently than its book value, which is the value of CVS that is recorded on the company's balance sheet. Investors also form their own opinion of CVS Health's value that differs from its market value or its book value, called intrinsic value, which is CVS Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CVS Health's market value can be influenced by many factors that don't directly affect CVS Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CVS Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if CVS Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CVS Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.