Cvs Health Corporation · NYSE:CVS
Cvs Health — Q2 2018 Earnings Presentation
6 slides from Cvs Health's earnings presentation, Aug 8, 2018
Slide 1: As originally reported (GAAP)
CVS HEALTH CORPORATION As originally reported (GAAP) In conjunction with the Company’s implementation of a new enterprise resource planning system in the first quarter of 2018, the Company changed the manner in which certain shared functional costs are allocated to its reportable segments. Segment f
Slide 2: Adjustments
CVS HEALTH CORPORATION Adjustments Q1 Q2 Q3 Q4 Year 2016 2017 2016 2017 2016 2017 2016 2017 2016 2017 Retail/LTC $ 6.3 $ 4.4 $ 6.2 $ 3.1 $ 6.6 $ 4.3 $ 3.8 $ 3.5 $ 23.0 $ 15.4 % of revenue (bps) 3 2 3 2 3 2 2 2 3 2 PBM (17.1) (13.9) (15.0) (12.4) (16.8) (13.2) (16.5) (14.4) (65.3) (53.9) % of revenue
Slide 3: New (GAAP)
CVS HEALTH CORPORATION New (GAAP) Q1 Q2 Q3 Q4 Year 2016 2017 2016 2017 2016 2017 2016 2017 2016 2017 Retail/LTC $ 5,835.9 $ 5,680.2 $ 5,842.9 $ 5,677.9 $ 5,900.4 $ 5,689.3 $ 6,181.9 $ 6,285.0 $ 23,761.2 $ 23,332.6 % of revenue 29.02% 29.37% 29.22% 29.04% 29.29% 29.04% 29.65% 30.06% 29.30% 29.39% PBM
Slide 4: As originally reported (Non-GAAP)
CVS HEALTH CORPORATION As originally reported (Non-GAAP) In conjunction with the Company’s implementation of a new enterprise resource planning system in the first quarter of 2018, the Company changed the manner in which certain shared functional costs are allocated to its reportable segments. Segme
Slide 5: Adjustments
CVS HEALTH CORPORATION Adjustments Q1 Q2 Q3 Q4 Year 2016 2017 2016 2017 2016 2017 2016 2017 2016 2017 Retail/LTC $ 6.3 $ 4.4 $ 6.2 $ 3.1 $ 6.6 $ 4.3 $ 3.8 $ 3.5 $ 23.0 $ 15.4 % of revenue (bps) 3 2 3 2 3 2 2 2 3 2 PBM (17.1) (13.9) (15.0) (12.4) (16.8) (13.2) (16.5) (14.4) (65.3) (53.9) % of revenue
Slide 6: New (Non-GAAP)
CVS HEALTH CORPORATION New (Non-GAAP) Q1 Q2 Q3 Q4 Year 2016 2017 2016 2017 2016 2017 2016 2017 2016 2017 Retail/LTC 5,839.8 5,680.9 5,849.2 5,683.4 5,905.2 5,691.1 6,212.3 6,280.4 23,806.6 23,336.0 % of revenue 29.04% 29.37% 29.25% 29.06% 29.32% 29.05% 29.80% 30.04% 29.35% 29.39% PBM 1,084.7 1,082.5