CVS Health Financials.docx

CVS Health Financials.docx - 8 Current and historical...

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8. Current and historical Financial Statements SEC Filings (2018) financial statements for 12 Month End 2015, 2016, 2017: Income Statement Balance Sheet
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Statement of Cash Flows
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CVS Health reported a revenue of $184,765 million at financial year end December 31, 2017 (FY2017), which is a 4.08% increase from FY2016 reported at $177,526 million. However, this increase was not as substantial as the 15.81% increase from FY2015, reporting revenue at $153,290. Net income saw an increase from FY2015 to FY2016 from $5,239 million to $5,319 million, as well as FY2016 to FY2017 from $5,319 million to $6,623 million, at 1.53% and 24.52%, respectively. This shows that The total assets that CVS Health possessed in FY2015, $92,437 million increase to $94,462 million in FY2016, a 2.19% increase. Although not as high, that increase trend continued to FY2017 with an increase of 0.71% making total assets $95,131 million. Total current liabilities have been experiencing a constant increase from FY2015 to FY2017, $23,169 million, $26,250 million, and $30,648 million, respectively. Shareholder’s equity experienced a drop from $37,203 million in FY2015 to $36,834 million in FY2016. Then there was an increase in FY2017 to $37,695 million. In FY2015 to FY2017, CVS Health experienced a deficit in investing activities, but not in operating and financing activities. Although the amount decreased by 21.04% from FY2016 to FY2017, they still profited from operating and financing activities. The net cash provided by operating activities represents the amount of money CVS Health brought in from ongoing business activities. The net cash used by investing activities represents the aggregated change in CVS Health’s cash position resulting from investment losses and changes resulting from amounts that were spent on investments in capital assets. Net cash provided by financing activities represents the inflows and outflows of cash.
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9. Ratios The gross profit ratio indicates how much gross profit a company is earning for every dollar of revenue. CVS Health’s gross margin experienced a change from year to year, but there was not much of a fluctuation. The decrease of 4.96% from FY2016 to FY2017 indicates that CVS may have under priced some of their items. Although it is not a huge decrease, any decrease
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