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CVS Caremark Reports Record Second Quarter Revenues, Operating Profit, and Earnings
Date:7/31/2008

13 Weeks Ended 26 Weeks Ended

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In millions, except per share June 28, June 30, June 28, June 30,

amounts 2008 2007 2008 2007

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Earnings from continuing

operations before income tax

provision $1,363.4 $1,203.9 $2,602.6 $1,876.5

Amortization 97.8 112.7 195.7 160.1

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Adjusted earnings from continuing

operations before income tax

provision 1,461.2 1,316.6 2,798.3 2,036.6

Income tax provision 578.6 525.3 1,108.1 807.5

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Adjusted net earnings from

continuing operations 882.6 791.3 1,690.2 1,229.3

Dilutive earnings adjustment (1.0) (0.8) (1.9) (1.9)

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Adjusted net earnings from

continuing operations available

to common shareholders 881.6 790.5 1,688.3 1,227.4

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Weighted average diluted common

shares outstanding 1,468.7 1,542.5 1,468.5 1,241.4

Adjusted earnings per share from

continuing operations $0.60 $0.51 $1.15 $0.99

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Free Cash Flow

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The Company defines free cash flow as net cash provided by operating activities
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SOURCE CVS Caremark Corporation
Copyright©2008 PR Newswire.
All rights reserved

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