CVS 2014 Annual Report Download - page 90

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CVS Health
88
Five-Year Financial Summary
IN MILLIONS, EXCEPT PER SHARE AMOUNTS 2014 2013 2012 2011 2010
Statement of operations data:
Net revenues
$ 139,367
$ 126,761 $ 123,120 $ 107,080 $ 95,766
Gross profit
25,367
23,783 22,488 20,562 20,215
Operating expenses
16,568
15,746 15,278 14,231 14,082
Operating profit
8,799
8,037 7,210 6,331 6,133
Interest expense, net
600
509 557 584 536
Loss on early extinguishment of debt
521
— 348 — —
Income tax provision (1)
3,033
2,928 2,436 2,258 2,178
Income from continuing operations
4,645
4,600 3,869 3,489 3,419
Income (loss) from discontinued operations,
net of tax
(1)
(8) (7) (31) 2
Net income
4,644
4,592 3,862 3,458 3,421
Net loss attributable to noncontrolling interest
—
— 2 4 3
Net income attributable to CVS Health
$ 4,644
$ 4,592 $ 3,864 $ 3,462 $ 3,424
Per common share data:
Basic earnings per common share:
Income from continuing operations attributable to
CVS Health
$ 3.98
$ 3.78 $ 3.05 $ 2.61 $ 2.50
Loss from discontinued operations attributable to
CVS Health
$ —
$ (0.01) $ (0.01) $ (0.02) $ —
Net income attributable to CVS Health
$ 3.98
$ 3.77 $ 3.04 $ 2.59 $ 2.50
Diluted earnings per common share:
Income from continuing operations attributable to
CVS Health
$ 3.96
$ 3.75 $ 3.02 $ 2.59 $ 2.49
Loss from discontinued operations attributable to
CVS Health
$ —
$ (0.01) $ (0.01) $ (0.02) $ —
Net income attributable to CVS Health
$ 3.96
$ 3.74 $ 3.02 $ 2.57 $ 2.49
Cash dividends per common share
$ 1.10
$ 0.90 $ 0.65 $ 0.50 $ 0.35
Balance sheet and other data:
Total assets
$ 74,252
$ 71,526 $ 66,221 $ 64,852 $ 62,457
Long-term debt
$ 11,695
$ 12,841 $ 9,133 $ 9,208 $ 8,652
Total shareholders’ equity
$ 37,963
$ 37,938 $ 37,653 $ 38,014 $ 37,662
Number of stores (at end of year)
7,866
7,702 7,508 7,388 7,248
(1) Income tax provision for the year ended December 31, 2010 includes the effect of the recognition of $47 million of previously unrecog-
nized tax benefits, including interest, relating to the expiration of various statutes of limitation and settlements with tax authorities.