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CVS Caremark Reports Record Second Quarter Revenues, Operating Profit, and Earnings

less net additions to properties and equipment (additions to property and equipment plus proceeds from sale-leaseback transactions).

Following is a reconciliation of net cash provided by operating activities to free cash flow:




26 Weeks Ended


June 28, June 30,

In millions 2008 2007


Net earnings $1,523.3 $1,132.5

Non-cash charges (including depreciation and

amortization) 636.6 558.5

Working capital change (767.8) (263.8)


Net cash provided by operating activities $1,392.1 $1,427.2

Subtract: Additions to property and equipment (955.3) (778.0)

Add: Proceeds from sale-leaseback transactions 69.6 23.7


Free cash flow $506.4 $672.9


Supplemental Unaudited Information

The Company evaluates segment performance based on net revenue, gross profit and operating profit before the effect of discontinued operations and certain intersegment activities and charges. Following is a reconciliati

SOURCE CVS Caremark Corporation
Copyright©2008 PR Newswire.
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