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CVS Caremark Reports Third Quarter Results
Date:11/3/2011

g 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, 2010 and under the section entitled "Cautionary Statement Concerning Forward-Looking Statements" in our most recently filed Quarterly Report on Form 10-Q.

- Tables Follow -CVS CAREMARK CORPORATIONCondensed Consolidated Statements of Income(Unaudited)Three Months EndedNine Months EndedSeptember 30, September 30,In millions, except per share amounts

2011201020112010Net revenues

$
26,674$   23,711$
78,783$
71,189Cost of revenues

21,49618,69663,77756,424Gross profit

5,1785,01515,00614,765Operating expenses

3,5943,53710,63310,389Operating profit

1,5841,4784,3734,376Interest expense, net

155137437399Income before income tax provision

1,4291,3413,9363,977Income tax provision

5625261,5471,575Income from continuing operations

8678152,3892,402Income (loss) from discontinued operations, net of tax

—(7)5(3)Net income

8678082,3942,399Net loss attributable to noncontrolling interest

1132Net income attributable to CVS Caremark

$
868$
809$
2,397$
2,401Basic earnings per common share: Income from continuing operations attributable to CVS Caremark

$
.65$
.60$
.77$
.76Income (loss) from discontinued operations attributable to CVS Caremark

—(0.01)0.01(0.01)Net income attributable to CVS Caremark

$
.65$
.59$
.78$
.75Weighted average basic common shares outstanding

1,3321,3601,3501,368Diluted earnings per c
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SOURCE CVS Caremark Corporation
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