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GuruFocus has detected 1 Warning Sign with CVS Health Corp $CVS.
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CVS Health Corp (NYSE:CVS)
Pre-Tax Income
$8,278 Mil (TTM As of Mar. 2017)

Pretax income is the income that a company earns before paying income taxes. CVS Health Corp's pretax income for the three months ended in Mar. 2017 was $1,534 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2017 was $8,278 Mil. CVS Health Corp's pretax margin was 3.45%.

During the past 13 years, CVS Health Corp's highest Pretax Margin was 6.33%. The lowest was 4.63%. And the median was 5.67%.


Definition

This is the income that a company earns before paying income taxes.

CVS Health Corp's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=10338+-643+-1078+20+0
=8,637

CVS Health Corp's Pretax Income for the quarter that ended in Mar. 2017 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=1793+-7+-258+6+0
=1,534

CVS Health Corp Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2017 was 1528 (Jun. 2016 ) + 2463 (Sep. 2016 ) + 2753 (Dec. 2016 ) + 1534 (Mar. 2017 ) = $8,278 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

CVS Health Corp's Pretax Margin for the quarter that ended in Mar. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=1534/44514
=3.45%

During the past 13 years, CVS Health Corp's highest Pretax Margin was 6.33%. The lowest was 4.63%. And the median was 5.67%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

CVS Health Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 4,3595,5375,9005,6015,7476,3057,5287,6788,6168,637

CVS Health Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Pretax Income 2,1901,9982,0962,0702,4531,8931,5282,4632,7531,534
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