Mar 31, 2022

CVS Health Q1 2022 Earnings Report

Reported strong first-quarter results driven by growth across all segments.

Key Takeaways

CVS Health reported a strong first quarter with total revenues increasing by 11.2% to $76.8 billion. GAAP diluted EPS was $1.74, and adjusted EPS was $2.22. The company generated $3.6 billion in cash flow from operations and raised its full-year adjusted EPS guidance.

Total revenues increased to $76.8 billion, up 11.2% compared to prior year.

GAAP diluted EPS of $1.74 and Adjusted EPS of $2.22.

Generated cash flow from operations of $3.6 billion.

Raised Adjusted EPS guidance range to $8.20 to $8.40 from $8.10 to $8.30.

Total Revenue
$76.8B
Previous year: $69.1B
+11.2%
EPS
$2.22
Previous year: $2.04
+8.8%
Medical membership
24.5M
Previous year: 23.6M
+3.8%
Gross Profit
$13.4B
Previous year: $12.5B
+7.2%
Cash and Equivalents
$8.44B
Previous year: $5.6B
+50.8%
Free Cash Flow
$3.56B
Previous year: $2.06B
+72.7%
Total Assets
$233B
Previous year: $230B
+1.4%

CVS Health

CVS Health

CVS Health Revenue by Segment

Forward Guidance

The Company revised its full-year 2022 GAAP diluted EPS guidance range to $6.93 to $7.13 from $7.04 to $7.24 and raised its full-year 2022 Adjusted EPS guidance range to $8.20 to $8.40 from $8.10 to $8.30. The Company also confirmed its full-year 2022 cash flow from operations guidance range of $12.0 billion to $13.0 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income