CVS Health (WBO:CVS) Retained Earnings : €56,491 Mil (As of Dec. 2023)

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What is CVS Health Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. CVS Health's retained earnings for the quarter that ended in Dec. 2023 was €56,491 Mil.

CVS Health's quarterly retained earnings increased from Jun. 2023 (€54,335 Mil) to Sep. 2023 (€56,541 Mil) but then declined from Sep. 2023 (€56,541 Mil) to Dec. 2023 (€56,491 Mil).

CVS Health's annual retained earnings increased from Dec. 2021 (€48,592 Mil) to Dec. 2022 (€53,240 Mil) and increased from Dec. 2022 (€53,240 Mil) to Dec. 2023 (€56,491 Mil).

CVS Health Retained Earnings Historical Data

The historical data trend for CVS Health's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CVS Health Retained Earnings Chart

CVS Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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40,597.20

40,804.08

48,591.81

53,239.71

56,490.87

CVS Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															53,239.71	53,941.30	54,335.16	56,541.39	56,490.87

CVS Health Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

CVS Health (WBO:CVS) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

CVS Health (WBO:CVS) Business Description

Industry

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Address

One CVS Drive, Woonsocket, RI, USA, 02895

Website

https://www.cvshealth.com

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.