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

-------- -------- -------- -------- -------- Net revenues $25,822 $24,142 $98,729 $87,472 Cost of revenues 20,254 18,918 78,349 69,182 ---------------- ------ ----- ------ ----- Gross profit 5,568 5,224 20,380 18,290 Operating expenses 3,673 3,492 13,942 12,244 ------------------ ----- ---- ------ ----- Operating profit 1,895 1,732 6,438 6,046 Interest expense, net 133 151 525 509 --------------------- --- --- --- --- Income from continuing operations before income tax provision 1,762 5,913 1,581 5,537 Income tax provision 711 627 2,205 2,193 -------------------- --- --- ----- ----- Income from continuing operations 1,051 954 3,708 3,344 Loss from discontinued operations, net of tax benefit(2) (2) (1) (12) (132) -------------------------- --- --- --- ---- Net income 1,049 953 3,696 3,212 Preference dividends, net of income tax benefit(3) - 4 - 14 ----------------------------- --- --- --- --- Net income available to common shareholders $1,049 $949 $3,696 $3,198 ----------------------- ------ ---- ------ ------ Basic earnings per common share: Income from continuing operations $0.75 $0.66 $2.59 $2.32 Loss from discontinued operations
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SOURCE CVS Caremark Corporation
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