Stock Analysis on Net
Stock Analysis on Net

CVS Health Corp. (NYSE:CVS)

Common-Size Income Statement

CVS Health Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Products 62.46 68.74 70.46 70.03 71.18
Premiums 33.16 27.81 26.53 26.17 25.89
Services 4.38 3.45 3.01 3.80 2.93
Revenues from customers 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of products sold -55.65 -60.88 -61.22 -60.43 -61.21
Health care costs -31.06 -24.18 -22.16 -22.09 -20.78
Cost of revenues -86.71% -85.06% -83.38% -82.52% -81.99%
Gross profit 13.29% 14.94% 16.62% 17.48% 18.01%
Net investment income 0.58 0.32 0.26 0.41 0.30
Operating expenses -11.22 -11.17 -11.88 -12.74 -13.11
Restructuring charges -0.32 -0.14 0.00 0.00 0.00
Opioid litigation charges -0.03 0.00 -1.80 0.00 0.00
Loss on assets held for sale 0.00 -0.10 -0.79 0.00 0.00
Store impairments 0.00 0.00 0.00 -0.47 0.00
Goodwill impairment 0.00 0.00 0.00 -0.15 0.00
Operating income 2.30% 3.85% 2.41% 4.54% 5.19%
Interest expense -0.80 -0.75 -0.71 -0.86 -1.09
Gain (loss) on early extinguishment of debt 0.13 0.00 0.00 -0.16 -0.54
Other income 0.03 0.02 0.05 0.06 0.08
Income before income tax provision 1.66% 3.13% 1.75% 3.58% 3.65%
Income tax provision -0.42 -0.79 -0.45 -0.87 -0.96
Income from continuing operations 1.24% 2.35% 1.29% 2.71% 2.69%
Loss from discontinued operations, net of tax 0.00 0.00 0.00 0.00 0.00
Net income 1.24% 2.35% 1.29% 2.71% 2.68%
Net (income) loss attributable to noncontrolling interests 0.01 -0.01 0.00 0.00 0.00
Net income attributable to CVS Health 1.24% 2.34% 1.29% 2.72% 2.68%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. CVS Health Corp. operating income as a percentage of revenues from customers increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Income before income tax provision Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. CVS Health Corp. income before income tax provision as a percentage of revenues from customers increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net income attributable to CVS Health The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. CVS Health Corp. net income attributable to CVS Health as a percentage of revenues from customers increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.