2014 Q2 Form 10-Q Financial Statement

#000006480314000028 Filed on August 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $34.60B $31.25B
YoY Change 10.73% 1.8%
Cost Of Revenue $28.28B $25.41B
YoY Change 11.3% 0.56%
Gross Profit $6.324B $5.841B
YoY Change 8.27% 7.31%
Gross Profit Margin 18.28% 18.69%
Selling, General & Admin $4.116B $3.869B
YoY Change 6.38% 3.42%
% of Gross Profit 65.09% 66.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.116B $3.869B
YoY Change 6.38% 3.42%
Operating Profit $2.208B $1.972B
YoY Change 11.97% 15.86%
Interest Expense $161.0M $127.0M
YoY Change 26.77% -3.79%
% of Operating Profit 7.29% 6.44%
Other Income/Expense, Net
YoY Change
Pretax Income $2.050B $1.846B
YoY Change 11.05% 17.13%
Income Tax $804.0M $721.0M
% Of Pretax Income 39.22% 39.06%
Net Earnings $1.246B $1.124B
YoY Change 10.85% 16.96%
Net Earnings / Revenue 3.6% 3.6%
Basic Earnings Per Share $1.07 $0.92
Diluted Earnings Per Share $1.06 $0.91
COMMON SHARES
Basic Shares Outstanding 1.165B shares 1.227B shares
Diluted Shares Outstanding 1.174B shares 1.236B shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.712B $1.179B
YoY Change 45.21% -35.5%
Cash & Equivalents $1.612B $1.174B
Short-Term Investments $100.0M $5.000M
Other Short-Term Assets $554.0M $413.0M
YoY Change 34.14% -55.06%
Inventory $11.36B $10.58B
Prepaid Expenses
Receivables $9.533B $7.093B
Other Receivables $0.00 $0.00
Total Short-Term Assets $24.14B $19.87B
YoY Change 21.49% 2.95%
LONG-TERM ASSETS
Property, Plant & Equipment $8.820B $8.708B
YoY Change 1.29% 1.09%
Goodwill $28.13B $26.55B
YoY Change 5.92% 0.49%
Intangibles $9.906B $9.657B
YoY Change 2.58%
Long-Term Investments
YoY Change
Other Assets $1.603B $1.496B
YoY Change 7.15% 10.0%
Total Long-Term Assets $48.46B $46.42B
YoY Change 4.4% 0.27%
TOTAL ASSETS
Total Short-Term Assets $24.14B $19.87B
Total Long-Term Assets $48.46B $46.42B
Total Assets $72.59B $66.28B
YoY Change 9.52% 1.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.780B $5.178B
YoY Change 11.63% -39.45%
Accrued Expenses $4.812B $3.501B
YoY Change 37.45% -20.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $1.119B $18.00M
YoY Change 6116.67% 260.0%
Total Short-Term Liabilities $16.63B $12.69B
YoY Change 31.04% -3.4%
LONG-TERM LIABILITIES
Long-Term Debt $12.25B $9.358B
YoY Change 30.93% 1.63%
Other Long-Term Liabilities $1.489B $1.534B
YoY Change -2.93% 6.68%
Total Long-Term Liabilities $1.489B $10.89B
YoY Change -86.33% 2.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.63B $12.69B
Total Long-Term Liabilities $1.489B $10.89B
Total Liabilities $18.12B $23.58B
YoY Change -23.17% -14.79%
SHAREHOLDERS EQUITY
Retained Earnings $30.22B $26.57B
YoY Change 13.73%
Common Stock $17.00M $17.00M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $22.13B $16.99B
YoY Change 30.28%
Treasury Stock Shares 527.0M shares 448.0M shares
Shareholders Equity $38.13B $38.91B
YoY Change
Total Liabilities & Shareholders Equity $72.59B $66.28B
YoY Change 9.52% 1.06%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $1.246B $1.124B
YoY Change 10.85% 16.96%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $897.0M $902.0M
YoY Change -0.55% -26.73%
INVESTING ACTIVITIES
Capital Expenditures -$503.0M -$486.0M
YoY Change 3.5% 9.95%
Acquisitions
YoY Change
Other Investing Activities -$122.0M -$40.00M
YoY Change 205.0% -80.0%
Cash From Investing Activities -$625.0M -$526.0M
YoY Change 18.82% -18.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.423B -751.0M
YoY Change 89.48% -23.13%
NET CHANGE
Cash From Operating Activities 897.0M 902.0M
Cash From Investing Activities -625.0M -526.0M
Cash From Financing Activities -1.423B -751.0M
Net Change In Cash -1.151B -375.0M
YoY Change 206.93% -3.35%
FREE CASH FLOW
Cash From Operating Activities $897.0M $902.0M
Capital Expenditures -$503.0M -$486.0M
Free Cash Flow $1.400B $1.388B
YoY Change 0.86% -17.04%

Facts In Submission

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dei Entity Filer Category
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dei Entity Registrant Name
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CVS CAREMARK CORPORATION

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