February 8, 2023 – CVS Health Corporation (NYSE: CVS) today announced operating results for the three months and year ended December 31, 2022.
Q4 adjusted earnings Wednesday of $1.99 per diluted share,Analysts polled by Capital IQ expected $1.93.
Revenue for the quarter ended Dec. 31 was $83.8 billion, Analysts surveyed by Capital IQ expected $76.4 billion.
The company said it expects full-year 2023 adjusted earnings of $8.70 to $8.90 per diluted share. Analysts polled by Capital IQ expect $8.86.
FOURTH QUARTER HIGHLIGHTS：
Total revenues increased to $83.8 billion, up 9.5% compared to prior year.
GAAP diluted EPS of $1.75 and Adjusted EPS of $1.99.
Announced a 10% increase to the quarterly shareholder dividend, which became effective with the February 1, 2023 dividend distribution. Returned $2.9 billion to shareholders through dividends, while repurchasing 34.1 million shares of common stock and authorizing a new $10.0 billion share repurchase program.
Increased unique digital customers by seven million to over 47 million, reached eight million active users on CVS Health’s individualized Health Dashboard and interacted with nearly five million customers daily across our community footprint.
FULL-YEAR HIGHLIGHTS:
Total revenues increased to $322.5 billion, up 10.4% compared to prior year.
GAAP diluted EPS of $3.14 and Adjusted EPS of $8.69.
Generated cash flow from operations of $16.2 billion.
Repaid $4.1 billion of long-term debt.
2023 FULL-YEAR GUIDANCE:
GAAP diluted EPS guidance range of $7.73 to $7.93
Adjusted EPS guidance range of $8.70 to $8.90
Cash flow from operations guidance range of $12.5 billion to $13.5 billion.
CVS HEALTH CORPORATION (NYSE:CVS) Condensed Consolidated Statements of Operations
About CVS Health (NYSE:CVS)
CVS Health (NYSE:CVS) is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses, and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that’s managing chronic diseases, staying compliant with their medications, or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.