CVS HEALTH CORPORATION (CVS) FY2023 Annual P&L / Income Statement

Revenue by Product and Service

2023-01-01 to 2023-12-31

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CVS HEALTH CORPORATION (CVS) FY2023 Annual P&L / Income StatementIncome statement for 2023-01-01 through 2023-12-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUEOPERATINGPRE-TAXNETProductsPremiumsServicesNet investment incomeTotal revenuesOperating incomeTotal operating costsCost of products soldHealth care costsOperating expensesRestructuring chargesLoss on assets held for saleIncome before income tax provisionOther income (expense), net (calculated)Net incomeIncome tax provisionIncome before income tax provisionIncome beforeincome tax provision$11.17 BTotal revenuesTotal revenues$357.78 BOperating incomeOperating income$13.74 BNet incomeNet income$8.37 BTotal operating costsTotal operating costs$344.03 BIncome tax provisionIncome taxes$2.81 BProductsProducts$245.14 BOther income (expense), net (calculated)Other income,net (calculated)−$2.57 BCost of products soldCost of products sold$217.10 BPremiumsPremiums$99.19 BHealth care costsHealth care costs$86.25 BServicesServices$12.29 BNet investment incomeNet investment income$1.15 BOperating expensesOperating expenses$39.83 BRestructuring chargesRestructuring charges$507.00 MLoss on assets held for saleLoss on assets held for sale$349.00 M
Chart details

CVS HEALTH CORPORATION (CVS) FY2023 Annual P&L / Income Statement

Income statement for 2023-01-01 through 2023-12-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues
357,776,000,000 US dollars
Total operating costs
344,033,000,000 US dollars
Operating income
13,743,000,000 US dollars
Other income (expense), net (calculated)
negative 2,570,000,000 US dollars
Income before income tax provision
11,173,000,000 US dollars
Income tax provision
2,805,000,000 US dollars
Net income
8,368,000,000 US dollars
Net investment income
1,153,000,000 US dollars
Premiums
99,192,000,000 US dollars
Products
245,138,000,000 US dollars
Services
12,293,000,000 US dollars
Cost of products sold
217,098,000,000 US dollars
Health care costs
86,247,000,000 US dollars
Restructuring charges
507,000,000 US dollars
Opioid litigation charges
0 US dollars
Loss on assets held for sale
349,000,000 US dollars
Store impairments
0 US dollars
Goodwill impairment
0 US dollars
Operating expenses
39,832,000,000 US dollars

Chart connections

  • Revenue minus operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
  • Of which attributable to CVS HEALTH CORPORATION: $8.34 B; to noncontrolling interests: $24.00 M.
CVS HEALTH CORPORATION (CVS) FY2023 Annual P&L / Income Statement Sankey chart, Product and service view
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Operating margin

3.8%

Operating profit / revenue

Cash conversion

160.4%

Operating cash / net income, same period

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