Sep 30, 2021

CVS Health Q3 2021 Earnings Report

CVS Health outperformed expectations and continued to lead in changing care delivery for millions of Americans.

Key Takeaways

CVS Health reported strong Q3 2021 results with total revenues increasing to $73.8 billion, GAAP diluted EPS of $1.20, and adjusted EPS of $1.97.

Total revenues increased to $73.8 billion, up 10.0% compared to prior year

GAAP diluted EPS of $1.20, up 29.0% compared to prior year

Adjusted EPS of $1.97, up 18.7% compared to prior year

Administered more than 8 million COVID-19 tests and more than 11 million COVID-19 vaccines nationwide in the third quarter.

Total Revenue
$73.8B
Previous year: $67.1B
+10.0%
EPS
$1.97
Previous year: $1.66
+18.7%
Gross Profit
$12.7B
Previous year: $11.7B
+8.4%
Cash and Equivalents
$9.83B
Previous year: $9.26B
+6.2%
Free Cash Flow
$4.91B
Previous year: $1.34B
+266.6%
Total Assets
$235B
Previous year: $233B
+0.9%

CVS Health

CVS Health

CVS Health Revenue by Segment

Forward Guidance

The Company revised its full year 2021 GAAP diluted EPS guidance range to $6.13 to $6.23 from $6.35 to $6.45, raised its full year 2021 Adjusted EPS guidance range to $7.90 to $8.00 from $7.70 to $7.80 and raised its full year 2021 cash flow from operations guidance range to $13.0 billion to $13.5 billion from $12.5 billion to $13.0 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income