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CVS Caremark Reports Strong First Quarter Results
Date:5/1/2013

ents" in our most recently filed Quarterly Report on Form 10-Q. For internal comparisons, management finds it useful to assess year-to-year performance by adjusting diluted earnings per share for amortization, which primarily relates to acquisition activities.

 

In millions, except per share amountsYear EndingDecember 31, 2013Income before income tax provision$

7,257$

7,435Amortization495495Adjusted income before income tax provision7,7527,930Adjusted income tax provision3,0073,076Adjusted income from continuing operations4,7454,854Net loss attributable to noncontrolling interest——Adjusted income from continuing operations attributable to CVS Caremark$

4,745$

4,854Weighted average diluted common shares outstanding1,2211,215Adjusted earnings per share from continuing operations attributable to CVS Caremark$

3.89$

4.00 

 Three Months EndingJune 30, 2013Income before income tax provision$

1,780$

1,843Amortization123124Adjusted income before income tax provision1,9031,967Adjusted income tax provision746771Adjusted income from continuing operations1,1571,196Net loss attributable to noncontrolling interest——Adjusted income from continuing operations attributable to CVS Caremark$

1,157$

1,196Weighted average diluted common shares outstanding1,2291,227Adjusted earnings per share from continuing operations attributable to CVS Caremark$

0.94$

0.97 

Free Cash Flow Guidance 
(Unaudited)The following reconciliation of net cash provided by operating activities to free cash flow contains forward-looking information that is subject to risks and uncertainties that could cause actual results to differ materially. The Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Re
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SOURCE CVS Caremark Corporation
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