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CVS Caremark Reports Record First Quarter Results
Date:5/2/2012

ate Securities Litigation Reform Act of 1995. The Company strongly recommends that you become familiar with the specific risks and uncertainties outlined under the Risk Factors section in our Annual Report on Form 10-K for the year ended December 31, 2011 and under the section entitled "Cautionary Statement Concerning Forward-Looking Statements" in our most recently filed Quarterly Report on Form 10-Q. For internal comparisons, management finds it useful to assess year-to-year cash flow performance by adjusting cash provided by operating activities, by capital expenditures and proceeds from sale-leaseback transactions.Year EndingIn millions

December 31, 2012 Net cash provided by operating activities

$
,195$
,420Subtract:  Additions to property and equipment

(2,145)(2,075)Add:  Proceeds from sale-leaseback transactions

500600Free cash flow

$
4,550$
4,945 


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