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CVS Caremark Reports Record First Quarter Results

t helps people with chronic diseases such as diabetes obtain and stay on their medications. Find more information about how CVS Caremark is reinventing pharmacy for better health at

Forward-Looking StatementsThis press release contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private 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. CVS CAREMARK CORPORATION
Condensed Consolidated Statements of Income
(Unaudited)Three Months EndedMarch 31, In millions, except per share amounts

2012(1)2011Net revenues

$   30,798$
25,695Cost of revenues

25,68520,953Gross profit

5,1134,742Operating expenses

3,7093,437Operating profit

1,4041,305Interest expense, net

132134Income before income tax provision

1,2721,171Income tax provision

496462Income from continuing operations

776709Income (loss) from discontinued operations, net of tax

(1)3Net income

775712Net loss attributable to noncontrolling interest

11Net income attributable to CVS Caremark

713Income from continuing operations attributable to CVS Caremark:Income from continuing operations

709Net loss attributable to noncontrolling interest

11Income from continuing operati

SOURCE CVS Caremark Corporation
Copyright©2010 PR Newswire.
All rights reserved

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