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About CVS

CVS Health is a health care innovation company that is reinventing pharmacy. Founded in 1963, and traded on the New York Stock Exchange (NYSE:CVS), CVS operates 9,900 drugstores in 49 states, the District of Columbia and Puerto Rico. About 70 percent of the U.S. population lives within five miles of a CVS Pharmacy. CVS is widely regarded as one of the safest, most secure single-tenant NNN leased investment property because of its strong balance sheet and market capitalization. For the 2021 year:

  • Sales were over $292.11 billion
  • Profit was over $7.57 billion
  • Net worth was over $88.97 billion

Financials in millions of USD, except per-share amounts

  Annual 2019 Annual 2020 Annual 2021
Statement of Operations Data      
Total Revenue 256,776 268,706 292,111
Operating Income 11,987 13,911 13,913
Net income attributable to CVS Health 6,634 7,179 7,910
 
Basic earnings per share:      
Income from continuing operations attributable to CVS Health 5.10 5.49 6.00
Income (loss) from discontinued operations attributable to CVS Health (0.01) -
Net income attributable to CVS Health 5.10 5.48 6.00
 
Diluted earnings per share:      
Income from continuing operations attributable to CVS Health 5.10 5.47 5.95
Income (loss) from discontinued operations attributable to CVS Health (0.01) -
Net income attributable to CVS Health 5.08 5.46 5.95
Dividends per common share 2.00 2.00 2.00
 
Balance Sheet and Other Data      
Total assets 222,449 230,715 232,999
Long term debt 64,699 59,207 51,971
Total shareholders’ equity 64,170 69,701 75,381
Number of stores (at end of year) 9,896 9,962 9,900

CVS Background

“For many, CVS remains synonymous with the nearly 10,000 retail locations they operate across the United States. Today’s CVS Health is, of course, so much more than that. CVS Caremark makes CVS Health the nation’s largest pharmacy benefits manager, and the leader in retail clinics, specialty pharmacy, and infusion. With a recent acquisition of Aetna, CVS Health operates one of the nation’s premier health benefits companies as well. These businesses, working together as an enterprise, create a uniquely powerful platform that will open a new front door to health care and reshape the consumer experience.

Three strategic imperatives have guided CVS Health’s transformation: Be local, make health care simple, and improve health. CVS Health offers more consumer touchpoints than any other health care company, and this enables them to offer care where, when, and how patients need it—in the community, in the home, or even in the palm of their hand through digital devices. And because they already engage with one in three Americans as part of their everyday activities, they can simply build programs and services into people’s existing routines. The current system drives patients to be health care decision makers, but they lack the tools needed to navigate effectively. CVS Health is going to change that and help guide patients along their health care journeys by providing more convenient access to the information, resources, and services they need. And by aligning the capabilities of Aetna with consumer-centric assets, CVS Health will more effectively deliver on their purpose of helping people on their path to better health.” Source: CVS Annual Report 2020

Sales & Earnings

Fiscal Year Sales
in Billions
Percent Increase Earnings
in Billions
Percent Increase
2021 $285.06 7.15% $7.57 8.22%
2020 $268.65 4.71% $7.19 8.43%
2019 $256.58 31.86% $6.63 1,210.39%
2018 $194.58 5.30% (597M) -109.04%
2017 $184.79 4.09% $6.61 24.85%

Stores Nationwide

Total Drugstores – 9,900

Includes 49 states and Puerto Rico.

Alabama 151
Alaska 11
Arizona 234
Arkansas 79
California 586
Colorado 169
Connecticut 116
Delaware 62
Florida 820
Georgia 270
Hawaii 17
Idaho 38
Illinois 574
Indiana 188
Iowa 72
Kansas 70
Kentucky 171
Louisiana 172
Maine 79
Maryland 154
Massachusetts 249
Michigan 232
Minnesota 153
Mississippi 83
Missouri 208
Montana 13
Nebraska 56
Nevada 83
New Hampshire 35
New Jersey 280
New Mexico 70
New York 564
North Carolina 356
North Dakota 1
Ohio 242
Oklahoma 116
Oregon 73
Pennsylvania 115
Rhode Island 46
South Carolina 150
South Dakota 14
Tennessee 271
Texas 701
Utah 56
Vermont 32
Virginia 204
Washington 135
West Virginia 94
Wisconsin 226
Wyoming 10
Puerto Rico 105
Washington D.C. 14

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