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CVS Caremark Reports Record Results in Fourth Quarter and Fiscal 2009
Date:2/8/2010

ilutive income adjustment, divided by the weighted average diluted common shares outstanding.

The following is a reconciliation of income from continuing operations before income tax provision to adjusted earnings per share:

    
    
                  
                  
                  
    In millions,            (Unaudited)                 (Unaudited)
     except            Fourth Quarter Ended(1)      Fiscal Year Ended(1)
     per share        December 31,  December 31,  December 31,  December 31,
     amounts              2009          2008          2009          2008
    -----------       -----------   -----------   -----------   -----------
    Income from
     continuing
     operations before 
     income tax
     provision            $1,762        $1,581        $5,913        $5,537
    Amortization             108           111           430           405
    Adjusted income from
     continuing operations
     before income tax
     provision             1,870         1,692         6,343         5,942
    Adjusted income tax
     provision(2)            754           671         2,366         2,353
    -------------            ---           ---         -----         -----
    Adjusted net income 
     from continuing 
     operations            1,116         1,021         3,977         3,589
    Dilutive income
     adjustment               --            (1)           --            (3)
    -----------              ---           ---           ---           ---
    Adjusted net income from
     continuing operations
     available to common
     shareholders          1,116         1,020         3,977         3,586
    -------------          -----         -----         -----         -----
    Weighted average
     diluted common shares       
     outstanding           1,413         1,467         1,450         1,469
    Adjusted earnings per
     share from continuing
     operations(3)         $0.79         $0.70         $2.74      
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SOURCE CVS Caremark Corporation
Copyright©2010 PR Newswire.
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