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

ons attributable to CVS Caremark

$
777$
710Basic earnings per common share:

  Income from continuing operations attributable to CVS Caremark

$
.60 

$
.52Income (loss) from discontinued operations attributable to CVS Caremark

──Net income attributable to CVS Caremark

$
.60$
.52Weighted average basic common shares outstanding

1,2991,362Diluted earnings per common share:

Income from continuing operations attributable to CVS Caremark

$
.59$
.52Income (loss) from discontinued operations attributable to CVS Caremark

──Net income attributable to CVS Caremark

$
.59$
.52Weighted average diluted common shares outstanding

1,3091,371Dividends declared per common share

$   0.1625$
.1250 

(1)
Effective January 1, 2012, the Company changed its methods of accounting for prescription drug inventories in the Retail Pharmacy segment. Additional details of this accounting change are discussed in Note 2 to the condensed consolidated financial statements included in the Company's Form 10-Q for the quarter ended March 31, 2012. 

 CVS CAREMARK CORPORATION
Condensed Consolidated Balance Sheets
(Unaudited)March 31,December 31,In millions, except per share amounts

2012(1)2011Assets:Cash and cash equivalents

$
2,211$
,413Short-term investments

55Accounts receivable, net

6,1096,047Inventories

10,67710,046Deferred income taxes

538503Other current assets

351580Total current assets

19,89118,594Property and equipment, net

8,5178,467Goodwill

26,43126,458Intangible assets, net

9,7999,869Other assets

1,3681,155Total assets

$  66,006$   64,543Liabilities:Accounts payable

$
5,240$
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SOURCE CVS Caremark Corporation
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