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

ourth Quarter Ended(1) Fiscal Year Ended(1) December 31, December 31, December 31, December 31, In millions 2009 2008(6) 2009 2008(6) --------- -------------------------- -------------------------- As reported: ---------- Net revenues $13,492 $11,784 $51,065 $43,769 Gross profit 1,075 1,020 3,835 3,550 Gross profit % of net revenues 8.0% 8.7% 7.5% 8.1% Operating expenses 242 211 969 795 Operating expense % of net revenues 1.8% 1.8% 1.9% 1.8% Operating profit 833 809 2,866 2,755 Operating profit % of net revenues 6.2% 6.9% 5.6% 6.3% -------------------- --- --- --- --- Net revenues(2): Mail choice(3) $4,273 $4,020 $16,711 $14,909 Pharmacy network(4) 9,132 7,670 34,004 28,482 Other 87 94 350 378 Pharmacy claims processed(2): Total 168.1 176.3 658.5 633.4 Mail choice(3) 16.7 16.0 66.0 60.9 Pharmacy network(4) 151.4 160.3 592.5 572.5 Generic dispensing rate(2): Total 68.9% 66.7% 68.2% 65.1% Mail choice(3) 57.4% 55.2% 56.5% 54.4% Pharmacy network(4) 70.0% 67.7% 69.3% 66.2% Mail choice penetration rate(5) 23.6% 21.7% 23.8% 22.9% ------------------- ---- ---- ---- ---- (1) On December 23, 2008, the Company's Board of Directors approved a
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SOURCE CVS Caremark Corporation
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