CVS Health Financial Performance from Time to Time

CVS Health Financial Performance from Time to Time

CVS Health Financial Performance from Time to Time – CVS Health Corporation is a diversified health solutions company that was founded in 1963 in Lowell, Massachusetts, the U.S.A.  by Stanley Goldstein, Sidney Goldstein, and Ralph Hoagland. With 9 thousand areas served in the United States of America (USA), this company has 110 million plan members diversified specialty pharmacy solutions and a senior pharmacy care business that has served more than one million patients annually.

CVS Health Financial Performance from Time to Time - CVS Health Corporation is diversified health solutions company

As a leader in the healthcare segment, this company always has a billion of Assets and Net income. Based on the Annual report of the company from time to time. In this case, the data of annual reports were obtained from 1999 to 2021. Here is the financial performance of CVS Health performance from time to time.



The Assets, Liabilities, and Equities of CVS Health

YearsAssetsLiabilitiesEquities
Million US DollarMillion US DollarMillion US Dollar
20007,9493,6454,304
20018,6284,0624,566
20029,6454,4485,197
200310,5434,5226,021
200414,5467,5596,987
200515,2856,9548,331
200620,57410,6579,917
200754,72123,40031,321
200860,96026,38634,574
200961,64125,87335,768
201062,16924,46937,700
201164,54326,49238,051
201266,22128,56837,653
201371,52633,58837,938
201474,18736,22437,963
201593,65756,45437,203
201694,46257,62836,834
201795,13157,43637,695
2018196,45658,543137,913
2019222,44964,170158,279
2020230,715161,01469,701
2021232,999157,61875,381
Source : CVS Health Annual Report, 1999-2021

Based on the financial condition of the company from 2000 to 2021, CVS Health has a stable condition of financial condition. Based on the balance sheet data in 2000, this company has assets of around 7,949 million US. Dollar, liabilities around 3,645 million US. Dollar and equities are around 4,304 million US Dollars. Along with the development of the company’s business, in 2021, the assets of the company have grown to around 232,999 million US Dollars, with liabilities around 157,618 and equities around 75,381 million US. Dollars.



The Revenue and Net Income of CVS Health

YearsRevenueIncome
Million US DollarMillion US Dollar
199918,098635
200020,087745
200122,241413
200224,181716
200326,588847
200430,598918
200537,0051,224
200643,8211,368
200776,3292,637
200887,4723,198
200998,7293,696
201095,7783,424
2011107,1003,457
2012123,1203,862
2013126,7614,592
2014139,3674,644
2015153,2905,239
2016177,5265,319
2017184,7656,623
2018194,579-596
2019256,7766,631
2020268,7067,192
2021292,1117,898
Source : CVS Health Annual Report, 1999-2021

In the business performance from time to time, the company also has grown its business. In 2000, the revenue’s company was around 18,098 million US. Dollar, with a net income of around 635 million US. Dollar. In 2021, the revenue of the company become 292,111 million US Dollars with a net income of around 7,898 million US. Dollar. From 2000 to 2021, the company has just suffered a loss in 2018 but the rest of them can produce profit / net income.

Based on the financial ratio, this company has an average net profit margin of around 3%. This value means that the income/loss comes from revenue, around 3% of Revenue. Based on Return on Assets, the average value of this parameter is around 6%. This value means that the net income is 6% of its assets. The greatest of net income, the more efficient the company is in doing its business. Based on Return on Equity, this company has an average value of around 11%. This value means that the net income comes from 11% of Its equities.  The increasing value showed the company can do business more efficiently.

Bibliography of CVS Health Financial Performance from Time to Time

CVS Health. 2022. Annual Report Archive. Accessed via https://investors.cvshealth.com/investors/financial-information/annual-reports-archive/default.aspx on July 2nd, 2022.

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