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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.
CVS Health Corp., Consolidated Income Statement
USD $ in millions
|12 months ended||Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014||Dec 31, 2013|
|Cost of revenues|
|Interest expense, net|
|Loss on early extinguishment of debt|
|Income before income tax provision|
|Income tax provision|
|Income from continuing operations|
|Income (loss) from discontinued operations, net of tax|
|Net income attributable to noncontrolling interest|
|Net income attributable to CVS Health|
|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 Health Corp.'s net revenues increased from 2015 to 2016 and from 2016 to 2017.|
|Operating profit||The net result for the period of deducting operating expenses from operating revenues.||CVS Health Corp.'s operating profit increased from 2015 to 2016 but then slightly declined from 2016 to 2017 not reaching 2015 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 Health Corp.'s income before income tax provision increased from 2015 to 2016 but then declined significantly from 2016 to 2017.|
|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 Health Corp.'s income from continuing operations increased from 2015 to 2016 and from 2016 to 2017.|
|Net income||The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.||CVS Health Corp.'s net income increased from 2015 to 2016 and from 2016 to 2017.|
|Net income attributable to CVS Health||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 Health Corp.'s net income attributable to CVS Health increased from 2015 to 2016 and from 2016 to 2017.|