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Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information (Unaudited)  
Quarterly Financial Information (Unaudited)

16                   Quarterly Financial Information (Unaudited)

 

In millions, except per share amounts

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Year

 

2012:

 

 

 

 

 

 

 

 

 

 

 

Net revenues

 

$

30,798

 

$

30,714

 

$

30,227

 

$

31,394

 

$

123,133

 

Gross profit

 

5,113

 

5,449

 

5,647

 

6,297

 

22,506

 

Operating profit

 

1,404

 

1,708

 

1,814

 

2,302

 

7,228

 

Income from continuing operations

 

776

 

966

 

1,011

 

1,129

 

3,882

 

Loss from discontinued operations, net of tax

 

(1

)

(1

)

(5

)

 

(7

)

Net income

 

775

 

965

 

1,006

 

1,129

 

3,875

 

Net loss attributable to noncontrolling interest

 

1

 

1

 

 

 

2

 

Net income attributable to CVS Caremark

 

$

776

 

$

966

 

$

1,006

 

$

1,129

 

$

3,877

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to CVS Caremark

 

$

0.60

 

$

0.76

 

$

0.80

 

$

0.91

 

$

3.06

 

Loss from discontinued operations attributable to CVS Caremark

 

$

 

$

 

$

 

$

 

$

(0.01

)

Net income attributable to CVS Caremark

 

$

0.60

 

$

0.76

 

$

0.80

 

$

0.91

 

$

3.05

 

Diluted Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to CVS Caremark

 

$

0.59

 

$

0.75

 

$

0.79

 

$

0.90

 

$

3.03

 

Loss from discontinued operations attributable to CVS Caremark

 

$

 

$

 

$

 

$

 

$

(0.01

)

Net income attributable to CVS Caremark

 

$

0.59

 

$

0.75

 

$

0.79

 

$

0.90

 

$

3.03

 

Dividends per common share

 

$

0.1625

 

$

0.1625

 

$

0.1625

 

$

0.1625

 

$

0.6500

 

Stock price: (New York Stock Exchange)

 

 

 

 

 

 

 

 

 

 

 

High

 

$

45.88

 

$

46.93

 

$

48.69

 

$

49.80

 

$

49.80

 

Low

 

$

41.01

 

$

43.08

 

$

43.65

 

$

44.33

 

$

41.01

 

 

In millions, except per share amounts

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Year

 

2011:

 

 

 

 

 

 

 

 

 

 

 

Net revenues

 

$

25,695

 

$

26,414

 

$

26,674

 

$

28,317

 

$

107,100

 

Gross profit

 

4,742

 

5,086

 

5,178

 

5,555

 

20,561

 

Operating profit

 

1,305

 

1,484

 

1,584

 

1,957

 

6,330

 

Income from continuing operations

 

709

 

813

 

867

 

1,099

 

3,488

 

Income (loss) from discontinued operations, net of tax

 

3

 

2

 

 

(36

)

(31

)

Net income

 

712

 

815

 

867

 

1,063

 

3,457

 

Net loss attributable to noncontrolling interest

 

1

 

1

 

1

 

1

 

4

 

Net income attributable to CVS Caremark

 

$

713

 

$

816

 

$

868

 

$

1,064

 

$

3,461

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to CVS Caremark

 

$

0.52

 

$

0.60

 

$

0.65

 

$

0.84

 

$

2.61

 

Income (loss) from discontinued operations attributable to CVS Caremark

 

$

 

$

 

$

 

$

(0.03

)

$

(0.02

)

Net income attributable to CVS Caremark

 

$

0.52

 

$

0.60

 

$

0.65

 

$

0.82

 

$

2.59

 

Diluted Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to CVS Caremark

 

$

0.52

 

$

0.60

 

$

0.65

 

$

0.84

 

$

2.59

 

Income (loss) from discontinued operations attributable to CVS Caremark

 

$

 

$

 

$

 

$

(0.03

)

$

(0.02

)

Net income attributable to CVS Caremark

 

$

0.52

 

$

0.60

 

$

0.65

 

$

0.81

 

$

2.57

 

Dividends per common share

 

$

0.125

 

$

0.125

 

$

0.125

 

$

0.125

 

$

0.500

 

Stock price: (New York Stock Exchange)

 

 

 

 

 

 

 

 

 

 

 

High

 

$

35.95

 

$

39.50

 

$

38.82

 

$

41.35

 

$

41.35

 

Low

 

$

32.08

 

$

34.21

 

$

31.30

 

$

32.28

 

$

31.30