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CVS Caremark Corp. (CVS) | Income Statement

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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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CVS Caremark Corp., Consolidated Income Statement

USD $ in millions

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  12 months ended Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 29, 2007
chart Net revenues
chart Cost of revenues
chart Gross profit
chart Operating expenses
chart Operating profit
chart Interest expense
chart Interest income
chart Interest expense, net
chart Income before income tax provision
chart Income tax provision
chart Income from continuing operations
chart Income (loss) from discontinued operations, net of tax
chart Net income
chart Net loss attributable to noncontrolling interest
chart Preference dividends, net of income tax benefit
chart Net income attributable to CVS Caremark
Source: CVS Caremark Corp., Annual Reports
Item Description The company
Net revenues Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. CVS Caremark Corp.'s net revenues declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Operating profit The net result for the period of deducting operating expenses from operating revenues. CVS Caremark Corp.'s operating profit declined from 2009 to 2010 but then increased from 2010 to 2011 not reaching 2009 level.
Income before income tax provision Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. CVS Caremark Corp.'s income before income tax provision declined from 2009 to 2010 but then slightly increased from 2010 to 2011.
Income from continuing operations This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. CVS Caremark Corp.'s income from continuing operations declined from 2009 to 2010 but then slightly increased from 2010 to 2011.
Net income The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. CVS Caremark Corp.'s net income declined from 2009 to 2010 but then slightly increased from 2010 to 2011.
Net income attributable to CVS Caremark The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. CVS Caremark Corp.'s net income attributable to CVS Caremark declined from 2009 to 2010 but then slightly increased from 2010 to 2011.

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