Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
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CVS Caremark Corp., EBITDA calculation
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 29, 2007 | |
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Net income attributable to CVS Caremark | |
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Add: Net loss attributable to noncontrolling interest | |
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Add: Interest expense | |
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Add: Income tax expense (benefit) | |
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Earnings before interest and tax (EBIT) | |
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Add: Depreciation and amortization | |
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Earnings before interest, tax, depreciation and amortization (EBITDA) | |
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| Item | Description | The company |
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| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | CVS Caremark Corp.'s EBITDA declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level. |