2023 Q1 Form 10-K Financial Statement

#000006480323000009 Filed on February 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $85.28B $83.85B $322.5B
YoY Change 11.0% 9.45% 10.39%
Cost Of Revenue $51.46B $51.73B $196.9B
YoY Change 13.07% 11.54% 12.0%
Gross Profit $33.82B $32.12B $125.6B
YoY Change 8.0% 6.26% 7.97%
Gross Profit Margin 39.66% 38.31% 38.94%
Selling, General & Admin $745.0M
YoY Change 42.45%
% of Gross Profit 0.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.001B $4.247B
YoY Change -5.12% -5.87%
% of Gross Profit 2.96% 3.38%
Operating Expenses $30.03B $28.39B $109.5B
YoY Change 204.05% 6.69% 8.2%
Operating Profit $3.446B $3.729B $7.746B
YoY Change -1.26% 3.07% -41.29%
Interest Expense $589.0M -$552.0M $2.287B
YoY Change 0.51% -9.21% -8.63%
% of Operating Profit 17.09% -14.8% 29.52%
Other Income/Expense, Net $22.00M $43.00M $169.0M
YoY Change -47.62% 13.16% -7.14%
Pretax Income $2.879B $3.109B $5.628B
YoY Change -2.27% 98.03% -45.99%
Income Tax $737.0M $809.0M $1.463B
% Of Pretax Income 25.6% 26.02% 26.0%
Net Earnings $2.136B $2.302B $4.149B
YoY Change -7.61% 76.26% -47.55%
Net Earnings / Revenue 2.5% 2.75% 1.29%
Basic Earnings Per Share $1.66 $3.16
Diluted Earnings Per Share $1.65 $1.74 $3.14
COMMON SHARES
Basic Shares Outstanding 1.284B shares 1.314B shares 1.312B shares
Diluted Shares Outstanding 1.291B shares 1.323B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.72B $15.72B $15.72B
YoY Change 56.23% 25.53% 25.53%
Cash & Equivalents $14.62B $12.95B $12.95B
Short-Term Investments $3.102B $2.778B $2.778B
Other Short-Term Assets $3.767B $2.685B $3.593B
YoY Change -31.88% -49.26% -32.11%
Inventory $18.26B $19.09B $19.09B
Prepaid Expenses
Receivables $28.33B $27.28B $8.756B
Other Receivables $2.320B $3.449B $18.52B
Total Short-Term Assets $68.71B $65.68B $65.68B
YoY Change 11.75% 9.46% 9.46%
LONG-TERM ASSETS
Property, Plant & Equipment $12.87B $12.87B $30.99B
YoY Change 0.22% -0.18% -3.21%
Goodwill $84.06B $78.15B
YoY Change 6.32% -1.23%
Intangibles $26.37B $24.75B
YoY Change -7.62% -14.72%
Long-Term Investments $21.61B $21.10B $21.10B
YoY Change -4.35% -8.38% -8.38%
Other Assets $4.824B $4.620B $7.604B
YoY Change -1.09% -1.99% -22.42%
Total Long-Term Assets $170.6B $162.6B $162.6B
YoY Change -0.45% -6.01% -6.01%
TOTAL ASSETS
Total Short-Term Assets $68.71B $65.68B $65.68B
Total Long-Term Assets $170.6B $162.6B $162.6B
Total Assets $239.3B $228.3B $228.3B
YoY Change 2.77% -2.03% -2.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.47B $44.67B $44.67B
YoY Change 4.57% 15.47% 15.47%
Accrued Expenses $21.52B $18.75B $20.35B
YoY Change 29.46% 6.08% 5.84%
Deferred Revenue $136.0M $71.00M
YoY Change 70.0% -18.39%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.778B $1.778B $1.778B
YoY Change -57.84% -57.72% -57.72%
Total Short-Term Liabilities $75.05B $69.74B $69.74B
YoY Change 7.56% 2.84% 2.84%
LONG-TERM LIABILITIES
Long-Term Debt $56.45B $50.48B $50.48B
YoY Change 8.43% -2.88% -2.88%
Other Long-Term Liabilities $6.671B $6.732B $32.87B
YoY Change 197.55% 253.57% 4.11%
Total Long-Term Liabilities $6.671B $6.732B $83.34B
YoY Change 197.55% 253.57% -0.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.05B $69.74B $69.74B
Total Long-Term Liabilities $6.671B $6.732B $83.34B
Total Liabilities $167.8B $157.0B $157.3B
YoY Change 5.68% -0.42% -0.42%
SHAREHOLDERS EQUITY
Retained Earnings $57.75B $56.15B
YoY Change 2.24% 2.26%
Common Stock $18.00M $18.00M
YoY Change 5.88% 5.88%
Preferred Stock
YoY Change
Treasury Stock (at cost) $33.80B $31.86B
YoY Change 12.13% 13.08%
Treasury Stock Shares 480.0M shares 458.0M shares
Shareholders Equity $71.38B $71.02B $71.02B
YoY Change
Total Liabilities & Shareholders Equity $239.3B $228.3B $228.3B
YoY Change 2.77% -2.03% -2.03%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $2.136B $2.302B $4.149B
YoY Change -7.61% 76.26% -47.55%
Depreciation, Depletion And Amortization $1.001B $4.247B
YoY Change -5.12% -5.87%
Cash From Operating Activities $7.438B -$1.952B $16.18B
YoY Change 108.76% -148.74% -11.43%
INVESTING ACTIVITIES
Capital Expenditures $984.0M $688.0M $2.727B
YoY Change -6.37% -215.24% 8.21%
Acquisitions $7.094B $139.0M
YoY Change 101242.86% -4.79%
Other Investing Activities -$31.00M $569.0M -$85.00M
YoY Change -200.0% -167.5% -30.33%
Cash From Investing Activities -$8.514B -$119.0M -$5.047B
YoY Change 327.2% -91.74% -4.07%
FINANCING ACTIVITIES
Cash Dividend Paid $779.0M $2.907B
YoY Change 7.89% 10.74%
Common Stock Issuance & Retirement, Net $3.500B
YoY Change
Debt Paid & Issued, Net $362.0M $4.211B
YoY Change 2485.71% -58.93%
Cash From Financing Activities $2.726B -2.187B -$10.52B
YoY Change -202.87% -22.75% -7.4%
NET CHANGE
Cash From Operating Activities $7.438B -1.952B $16.18B
Cash From Investing Activities -$8.514B -119.0M -$5.047B
Cash From Financing Activities $2.726B -2.187B -$10.52B
Net Change In Cash $1.650B -4.258B $614.0M
YoY Change -252.78% 1500.75% -62.74%
FREE CASH FLOW
Cash From Operating Activities $7.438B -$1.952B $16.18B
Capital Expenditures $984.0M $688.0M $2.727B
Free Cash Flow $6.454B -$2.640B $13.45B
YoY Change 156.93% -157.37% -14.58%

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CY2022 us-gaap Increase Decrease In Insurance Liabilities
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CY2021 us-gaap Increase Decrease In Insurance Liabilities
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CY2020 us-gaap Increase Decrease In Insurance Liabilities
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CY2022 us-gaap Increase Decrease In Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Other Operating Liabilities
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CY2020 us-gaap Increase Decrease In Other Operating Liabilities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 cvs Espp Issuance Net Of Treasury Stock Value Acquired Cost Method
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CY2020 us-gaap Dividends Common Stock
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Dividends Common Stock
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q4 cvs Treasury Stock Shares Heldin Trust
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CY2020Q4 cvs Treasury Stock Shares Heldin Trust
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CY2021Q4 cvs Treasury Stock Shares Heldin Trust
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CY2020Q4 cvs Treasury Stock Value Shares Held In Trust
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CY2021Q4 cvs Treasury Stock Value Shares Held In Trust
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CY2022Q4 cvs Treasury Stock Value Shares Held In Trust
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CY2022Q4 us-gaap Common Stock Value
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CY2020Q4 us-gaap Common Stock Value
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CY2021Q4 us-gaap Common Stock Value
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CY2022Q4 cvs Number Of Patients Served Per Year
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CY2022Q4 cvs Number Of People Served
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Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Restricted Cash Noncurrent
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CY2020Q4 us-gaap Restricted Cash Noncurrent
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Other Receivables Net Current
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CY2022Q4 cvs Accounts Receivable After Allowance For Credit Loss Current Including Assets Held For Sale
AccountsReceivableAfterAllowanceForCreditLossCurrentIncludingAssetsHeldForSale
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CY2021Q4 cvs Accounts Receivable After Allowance For Credit Loss Current Including Assets Held For Sale
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q4 us-gaap Deferred Policy Acquisition Costs
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CY2021Q4 us-gaap Deferred Policy Acquisition Costs
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q4 cvs Property Plant And Equipment Net Including Assets Held For Sale
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CY2021Q4 cvs Property Plant And Equipment Net Including Assets Held For Sale
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CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2022 cvs Assumed Interest Rates On Long Duration Group Life And Long Term Care Contracts
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CY2021 cvs Assumed Interest Rates On Long Duration Group Life And Long Term Care Contracts
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CY2022 us-gaap Allocations To Policyholders Policies
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Policyholders’ Funds</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Policyholders’ funds consist primarily of reserves for pension and annuity investment contracts and customer funds associated with certain health contracts. Reserves for such contracts are equal to cumulative deposits less withdrawals and charges plus interest credited thereon, net of experience-rated adjustments. In both 2022 and 2021, interest rates for pension and annuity investment contracts ranged from 3.5% to 4.8%. Reserves for contracts subject to experience rating reflect the Company’s rights as well as the rights of policyholders and plan participants. The Company also held funds for HSAs on behalf of members associated with high deductible health plans prior to the sale of PayFlex in June 2022. These amounts were held to pay for qualified health care expenses incurred by these members. At December 31, 2022, the Company did not hold any HSA funds as a result of the PayFlex sale. The HSA balance was approximately $2.9 billion at December 31, 2021 and was reflected in other current assets with a corresponding liability in policyholders’ funds. These assets were considered restricted cash for cash flow statement purposes.</span></div>Policyholders’ funds liabilities that are expected to be paid within twelve months from the balance sheet date are classified as current on the consolidated balance sheets. Policyholders’ funds liabilities that are expected to be paid greater than twelve months from the balance sheet date are included in other long-term liabilities on the consolidated balance sheets.
CY2022Q4 cvs Heath Savings Account Balance
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CY2021Q4 cvs Heath Savings Account Balance
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CY2022Q4 us-gaap Self Insurance Reserve
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CY2020Q4 us-gaap Contract With Customer Liability Current
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CY2021 cvs Contract With Customer Liability Loyalty Program Earnings And Gift Card Issuance
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CY2022 cvs Contract With Customer Liability Redemption And Breakage
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CY2021 cvs Contract With Customer Liability Redemption And Breakage
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CY2021Q4 us-gaap Contract With Customer Liability Current
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CY2022 cvs Pharmacy Rebate Period
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CY2022 cvs Health Insurer Fee
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CY2020 cvs Health Insurer Fee
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CY2021Q4 cvs Treasury Stock Shares Heldin Trust
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CY2022 cvs Proceeds From Variable Interest Entity
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CY2021 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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CY2022 cvs Related Party Transaction Charitable Contribution To Non Profit Entity
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CY2020 cvs Related Party Transaction Charitable Contribution To Non Profit Entity
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CY2022Q4 us-gaap Investments
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CY2021Q4 us-gaap Investments
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CY2021Q4 us-gaap Restricted Investments At Fair Value
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CY2022Q4 us-gaap Available For Sale Securities Debt Securities
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CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
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CY2021Q4 us-gaap Available For Sale Securities Debt Securities
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CY2022Q4 us-gaap Available For Sale Securities Debt Securities
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
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CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
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CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
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CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
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CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
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CY2022Q4 cvs Debt Securities Available For Sale Continuous Unrealized Loss Position Allocated And Single Maturity Date Within One Year
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CY2022Q4 cvs Debt Securities Available For Sale Continuous Unrealized Loss Position Allocated And Single Maturity Date Within One Year Accumulated Loss
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CY2022Q4 cvs Debt Securities Available For Sale Continuous Unrealized Loss Position Allocated And Single Maturity Date After One Through Five Years
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CY2022Q4 cvs Debt Securities Available For Sale Continuous Unrealized Loss Position Allocated And Single Maturity Date After One Through Five Years Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionAllocatedAndSingleMaturityDateAfterOneThroughFiveYearsAccumulatedLoss
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CY2022Q4 cvs Debt Securities Available For Sale Continuous Unrealized Loss Position Allocated And Single Maturity Date After Five Through Ten Years
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionAllocatedAndSingleMaturityDateAfterFiveThroughTenYears
3929000000 usd
CY2022Q4 cvs Debt Securities Available For Sale Continuous Unrealized Loss Position Allocated And Single Maturity Date After Five Through Ten Years Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionAllocatedAndSingleMaturityDateAfterFiveThroughTenYearsAccumulatedLoss
511000000 usd
CY2022Q4 cvs Debt Securities Available For Sale Continuous Unrealized Loss Position Allocated And Single Maturity Date After Ten Years
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionAllocatedAndSingleMaturityDateAfterTenYears
3360000000 usd
CY2022Q4 cvs Debt Securities Available For Sale Continuous Unrealized Loss Position Allocated And Single Maturity Date After Ten Years Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionAllocatedAndSingleMaturityDateAfterTenYearsAccumulatedLoss
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CY2022Q4 cvs Operating Lease Right Of Use Asset Including Assets Held For Sale
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CY2021Q4 cvs Finance Lease Right Of Use Asset Accumulated Depreciation
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CY2022Q4 cvs Finance Lease Right Of Use Asset Net
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CY2021Q4 cvs Finance Lease Right Of Use Asset Net
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CY2021Q4 us-gaap Finance Lease Liability Current
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CY2022Q4 us-gaap Finance Lease Liability Noncurrent
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CY2022Q4 us-gaap Finance Lease Liability
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CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The reconciliation of the December 31, 2022 health care net incurred and paid claims development tables to the health care costs payable liability on the consolidated balance sheet were as follows:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:83.695%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.105%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">In millions</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Short-duration health care costs payable, net of reinsurance</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,926 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reinsurance recoverables</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Insurance lines other than short duration</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">475 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total health care costs payable</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,406 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>
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CY2022Q4 cvs Longterm Debt Gross And Lease Obligation
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CY2021Q4 cvs Longterm Debt Gross And Lease Obligation
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DebtInstrumentUnamortizedDiscountAndDebtIssuanceCostsNet
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CY2021Q4 cvs Debt Instrument Unamortized Discount And Debt Issuance Costs Net
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CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
5.95
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
5.47
CY2022Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
2294000000 usd
CY2021Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
2549000000 usd
CY2022 us-gaap Direct Premiums Earned
DirectPremiumsEarned
85670000000 usd
CY2021 us-gaap Direct Premiums Earned
DirectPremiumsEarned
76320000000 usd
CY2020 us-gaap Direct Premiums Earned
DirectPremiumsEarned
69711000000 usd
CY2022 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
432000000 usd
CY2021 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
492000000 usd
CY2020 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
478000000 usd
CY2022 us-gaap Ceded Premiums Earned
CededPremiumsEarned
772000000 usd
CY2021 us-gaap Ceded Premiums Earned
CededPremiumsEarned
680000000 usd
CY2020 us-gaap Ceded Premiums Earned
CededPremiumsEarned
825000000 usd
CY2022 us-gaap Premiums Earned Net
PremiumsEarnedNet
85330000000 usd
CY2021 us-gaap Premiums Earned Net
PremiumsEarnedNet
76132000000 usd
CY2020 us-gaap Premiums Earned Net
PremiumsEarnedNet
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CY2022 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
71567000000 usd
CY2021 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
64414000000 usd
CY2020 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
56077000000 usd
CY2022 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed
379000000 usd
CY2021 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed
398000000 usd
CY2020 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed
329000000 usd
CY2022 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
665000000 usd
CY2021 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
552000000 usd
CY2020 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
727000000 usd
CY2022 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
71281000000 usd
CY2021 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
64260000000 usd
CY2020 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
55679000000 usd
CY2022Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
250000000 usd
CY2022Q4 cvs Contractual Obligations To Maintain Levels Of Separate Accounts
ContractualObligationsToMaintainLevelsOfSeparateAccounts
941000000 usd
CY2021Q4 cvs Contractual Obligations To Maintain Levels Of Separate Accounts
ContractualObligationsToMaintainLevelsOfSeparateAccounts
1300000000 usd
CY2022Q4 cvs Guarantor Obligations Number Of Leases
GuarantorObligationsNumberOfLeases
67 lease
CY2022Q4 cvs Litigation Settlement Number Of States Subject To Earlier Settlements
LitigationSettlementNumberOfStatesSubjectToEarlierSettlements
3 state
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022 cvs Premiums Earned Net And Revenue From Contract With Customer Excluding Assessed Tax
PremiumsEarnedNetAndRevenueFromContractWithCustomerExcludingAssessedTax
321629000000 usd
CY2022 us-gaap Net Investment Income
NetInvestmentIncome
838000000 usd
CY2022 us-gaap Revenues
Revenues
322467000000 usd
CY2022 cvs Adjusted Operating Income Loss
AdjustedOperatingIncomeLoss
17532000000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4247000000 usd
CY2021 cvs Premiums Earned Net And Revenue From Contract With Customer Excluding Assessed Tax
PremiumsEarnedNetAndRevenueFromContractWithCustomerExcludingAssessedTax
290912000000 usd
CY2021 us-gaap Net Investment Income
NetInvestmentIncome
1199000000 usd
CY2021 us-gaap Revenues
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292111000000 usd
CY2021 cvs Adjusted Operating Income Loss
AdjustedOperatingIncomeLoss
17312000000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4512000000 usd
CY2020 cvs Premiums Earned Net And Revenue From Contract With Customer Excluding Assessed Tax
PremiumsEarnedNetAndRevenueFromContractWithCustomerExcludingAssessedTax
267908000000 usd
CY2020 us-gaap Net Investment Income
NetInvestmentIncome
798000000 usd
CY2020 us-gaap Revenues
Revenues
268706000000 usd
CY2020 cvs Adjusted Operating Income Loss
AdjustedOperatingIncomeLoss
16008000000 usd
CY2020 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4441000000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
7746000000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
13193000000 usd
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
13911000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
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1808000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
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2259000000 usd
CY2020 us-gaap Amortization Of Intangible Assets
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2341000000 usd
CY2022 cvs Office Real Estate Optimization Charges
OfficeRealEstateOptimizationCharges
117000000 usd
CY2021 cvs Office Real Estate Optimization Charges
OfficeRealEstateOptimizationCharges
0 usd
CY2020 cvs Office Real Estate Optimization Charges
OfficeRealEstateOptimizationCharges
0 usd
CY2022 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
475000000 usd
CY2021 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 usd
CY2020 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
269000000 usd
CY2022 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-5803000000 usd
CY2021 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
2533000000 usd
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
CY2020 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
CY2022 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
0 usd
CY2021 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
132000000 usd
CY2020 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
332000000 usd
CY2022 cvs Store Impairment Charges
StoreImpairmentCharges
0 usd
CY2021 cvs Store Impairment Charges
StoreImpairmentCharges
1358000000 usd
CY2020 cvs Store Impairment Charges
StoreImpairmentCharges
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
431000000 usd
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 cvs Business Combination Purchase Price Adjustment Outside Of Measurement Period
BusinessCombinationPurchasePriceAdjustmentOutsideOfMeasurementPeriod
0 usd
CY2021 cvs Business Combination Purchase Price Adjustment Outside Of Measurement Period
BusinessCombinationPurchasePriceAdjustmentOutsideOfMeasurementPeriod
61000000 usd
CY2020 cvs Business Combination Purchase Price Adjustment Outside Of Measurement Period
BusinessCombinationPurchasePriceAdjustmentOutsideOfMeasurementPeriod
0 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
307000000 usd
CY2022 cvs Adjusted Operating Income Loss
AdjustedOperatingIncomeLoss
17532000000 usd
CY2021 cvs Adjusted Operating Income Loss
AdjustedOperatingIncomeLoss
17312000000 usd
CY2020 cvs Adjusted Operating Income Loss
AdjustedOperatingIncomeLoss
16008000000 usd
CY2021 cvs Number Of Stores Planned Closure
NumberOfStoresPlannedClosure
900 store
CY2021 cvs Business Combination Purchase Price Adjustment Outside Of Measurement Period
BusinessCombinationPurchasePriceAdjustmentOutsideOfMeasurementPeriod
61000000 usd
CY2022 dei Auditor Name
AuditorName
Ernst & Young LLP
CY2022 dei Auditor Location
AuditorLocation
Boston, Massachusetts

Files In Submission

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cvs-20221231.htm Edgar Link pending
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