Dec 31, 2020

CVS Health Q4 2020 Earnings Report

Reported fourth quarter and full-year 2020 results and provided 2021 full year guidance.

Key Takeaways

CVS Health's Q4 2020 results reflected COVID-19 impacts and related investments. Full year total revenues increased to $268.7 billion, up 4.6% compared to prior year. The company utilized its capabilities and community presence for COVID-19 testing and vaccine administration.

Full year total revenues increased to $268.7 billion, up 4.6% compared to prior year.

Full year and fourth quarter GAAP diluted earnings per share from continuing operations of $5.47 and $0.75

Full year and fourth quarter Adjusted EPS of $7.50 and $1.30

Generated full year cash flow from operations of $15.9 billion

Total Revenue
$69.6B
Previous year: $66.9B
+4.0%
EPS
$1.3
Previous year: $1.73
-24.9%
Medical membership
23.4M
Previous year: 22.9M
+2.2%
Gross Profit
$12B
Previous year: $11.7B
+2.3%
Cash and Equivalents
$7.85B
Previous year: $5.68B
+38.2%
Free Cash Flow
$2.85B
Previous year: $2.07B
+38.1%
Total Assets
$231B
Previous year: $222B
+3.7%

CVS Health

CVS Health

CVS Health Revenue by Segment

Forward Guidance

The Company’s full year 2021 GAAP diluted EPS from continuing operations is projected to be in the range of $6.06 to $6.22, and full year 2021 Adjusted EPS is projected to be in the range of $7.39 to $7.55. The Company’s full year 2021 cash flow from operations is projected to be in the range of $12.0 billion to $12.5 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income