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CVS Caremark Reports Record Results in Fourth Quarter and Year 2008
Date:2/19/2009

Interest paid (573.7) (468.2) Income taxes paid (1,786.5) (1,780.8) Net cash provided by operating activities 3,947.1 3,229.7 Cash flows from investing activities: Additions to property and equipment (2,179.9) (1,805.3) Proceeds from sale-leaseback transactions 203.8 601.3 Acquisitions (net of cash acquired) and other investments (2,650.7) (1,983.3) Sale of short-term investments 27.5 - Proceeds from sale or disposal of assets 18.7 105.6 Net cash used in investing activities (4,580.6) (3,081.7) Cash flows from financing activities: Net additions to short-term debt 606.2 242.3 Additions to long-term debt 350.0 6,000.0 Reductions in long-term debt (1.8) (821.8) Dividends paid (383.0) (322.4) Proceeds from exercise of stock options 327.8 552.4 Excess tax benefits from stock based compensation 53.1 97.8 Repurchase of common stock (23.0) (5,370.4) Net cash provided by financing activities 929.3 377.9 Net increase in cash and cash equivalents 295.8 525.9 Cash and cash equivalents at beginning of period 1,056.6 530.7 Cash and cash equivalents at end of period $1,352.4 $1,056.6 Reconciliation of net earnings to net cash provided by operating activities: Net earnings $3,212.1 $2,637.0 Adjustments required to reconcile net earnings
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SOURCE CVS Caremark Corporation
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