Please read the terms of use, indicate you read the statement by checking the checkbox, and then click the Download button. And the worst performing S&P 500 component thus far on the day is CVS Health, trading down 9.3%. Find everyday health news, media resources and more. Senior Vice President, Capital Markets. Common Excluding the impact of COVID-19 vaccinations, prescriptions filled increased 3.6% on a 30-day equivalent basis for the three months ended September 30, 2022 compared to the prior year. Excluding the impact of COVID-19 vaccinations, the Retail/LTC segment's total generic dispensing rate was 87.6% in both the three months ended December31, 2022 and 2021, and 89.0% in both the years ended December31, 2022 and 2021. Oak Street Health - CVS Health to Acquire Oak Street Health CVS Health - CVS Health Investor Day 2021 Watch live webcast. Share. About Us & Company Information | Aetna The resolution of this matter occurred subsequent to the acquisition accounting measurement period and is reflected in the Companys unaudited condensed consolidated statement of operations for the nine months ended September 30, 2021 as a reduction of operating expenses within the Health Care Benefits segment. Financial highlights FY 2021 Adjusted EPS of $8.40 exceeded expectations; Maintaining FY . The following table shows the components of the change in health care costs payable during the years ended December31, 2022 and 2021: Health care costs payable, beginning of period, Health care costs payable, beginning of period, net, Add: Components of incurred health care costs, Health care costs payable, end of period, net. The Aetna story Our story is 170 years in the making. All forward-looking information involves risks and uncertainties. These increases were partially offset by decreased COVID-19 vaccinations and diagnostic testing, the impact of recent generic introductions and continued pharmacy reimbursement pressure. During the three and nine months ended September 30, 2022, the loss on assets held for sale relates to the LTC reporting unit within the Retail/LTC segment. In June 2021, the Company received $61 million related to a purchase price working capital adjustment for an acquisition completed during the first quarter of 2020. Repaid $2.6 billion of long-term debt, while returning $726 million to shareholders through dividends during the three months ended September 30, 2022. Prescriptions filled represents the number of prescriptions dispensed through the Retail/LTC segment's pharmacies. The difference in the tax rate was primarily due to certain nondeductible legal charges recorded in the three months ended September 30, 2022. Prescriptions filled increased 1.8% on a 30-day equivalent basis for the three months ended September 30, 2022 compared to the prior year primarily driven by increased utilization, partially offset by a decrease in COVID-19 vaccinations. Photo and video available via the CVS Health Newsroom are for use only by accredited members of the media. Investor Relations . Announced a 10% increase to the quarterly shareholder dividend, which became effective with the February 1, 2023 dividend distribution. The following table summarizes the Health Care Benefits segment's performance for the respective periods: Inmillions, except percentages and basis points ("bps"), MBR (Benefit costs as a % of premium revenues) (3), Operating expenses as a % of total revenues, Operating income as a % of total revenues, Adjusted operating income as a % of total revenues. CVS Health Corporation Common Stock (CVS) Dividend History - Nasdaq Signify Health - Investor relations Deepened our executive bench with several key appointments, including Dr. Amar Desai as President, Health Care Delivery and Tilak Mandadi as Executive Vice President and Chief Data. For the periods covered in this press release, the following items are excluded from the non-GAAP financial measures described above, as applicable, because the Company believes they neither relate to the ordinary course of the Companys business nor reflect the Companys underlying business performance: The Companys acquisition activities have resulted in the recognition of intangible assets as required under the acquisition method of accounting which consist primarily of trademarks, customer contracts/relationships, covenants not to compete, technology, provider networks and value of business acquired. CVS Edit my quotes CVS CVS DIVIDEND HISTORY CVS Dividend History EX-DIVIDEND DATE 04/20/2023 DIVIDEND YIELD 3.39% ANNUAL DIVIDEND $2.42 P/E RATIO 23.56 Back to CVS Overview The Dividend. During the three and nine months ended September 30, 2021, the loss on early extinguishment of debt relates to the Companys repayment of approximately $2.0 billion of its outstanding senior notes in August 2021 pursuant to its tender offers for such senior notes. directly comparable GAAP measures, on the Investor Relations portion of our website. The Company anticipates additional office real estate optimization charges will be recorded in 2023. Excluding the impact of COVID-19 vaccinations, prescriptions filled increased 4.0% and 4.4% on a 30-day equivalent basis for the three months and year ended December 31, 2022, respectively, compared to the prior year. Adjusted operating income increased 5.9% for the three months ended September 30, 2022 compared to the prior year primarily driven by improved purchasing economics, including increased contributions from the products and services of the Companys group purchasing organization, partially offset by continued client price improvements. cvshealth.com. And we do it all with heart, each and every day. Contact | CVS Health Market Cap $89B Today's Change (0.93%) $0.64 Current Price $69.77 Price as of July 3, 2023, 4:00 p.m. An audio webcast of the call will be broadcast simultaneously for all interested parties through the Investor Relations section of the CVS Health website at https://investors.cvshealth.com. The Company uses non-GAAP financial measures to analyze underlying business performance and trends. During the year ended December 31, 2021, the goodwill impairment charge relates to an impairment of the remaining goodwill of the LTC reporting unit within the Retail/LTC segment. The Company continually evaluates its portfolio for non-strategic assets. CVS Health is the leading health solutions company, delivering care like no one else can. See "Non-GAAP Financial Information" beginning on page 12and endnotes beginning on page 24for explanations of non-GAAP financial measures presented in this press release. CVS Health also serves an estimated 34 million people through its health insurance products and services. These non-GAAP financial measures are provided as supplemental information to the financial measures presented in this press release that are calculated and presented in accordance with GAAP. The carrying value of the Thailand business was determined to be greater than its fair value and a loss on assets held for sale was recorded during the first quarter of 2022. Although intangible assets contribute to the Company's revenue generation, the amortization of intangible assets does not directly relate to the underwriting of the Company's insurance products, the services performed for the Company's customers or the sale of the Company's products or services. This webcast will be archived and available on the website for a one-year period following the conference call. CVS Health (NYSE: CVS) Q3 2022 Earnings Call Nov 02, 2022, 8:00 a.m. year and the DJSI World Index for the third consecutive year. During the three and nine months ended September 30, 2021, acquisition-related integration costs relate to the acquisition of Aetna Inc. The Company determined that its LTC business was no longer a strategic asset and during the third quarter of 2022 committed to a plan to sell the LTC business. Management uses these metrics to evaluate the performance of existing stores on a comparable basis and to inform future decisions regarding existing stores and new locations. Oak Street Health - Investor Relations Definite-lived intangible assets are amortized over their estimated useful lives and are tested for impairment when events indicate that the carrying value may not be recoverable. See "Non-GAAP Financial Information" earlier in this press release for additional information regarding the items excluded from consolidated operating income in determining consolidated adjusted operating income. The Company's segments maintain separate financial information, and the Company's chief operating decision maker (the "CODM") evaluates the segments' operating results on a regular basis in deciding how to allocate resources among the segments and in assessing segment performance. Announced a 10% increase to the annual shareholder dividend, which became effective with the February 1, 2022 ET CVS earnings call for the period ending December 31, 2020. And we do it all with heart, each and every day. (2) Adjusted EPS is calculated by dividing adjusted income attributable to CVS Health by the Company's weighted average diluted shares outstanding. (4) Medical membership represents the number of members covered by the Company's insured and ASC medical products and related services at a specified point in time. The Company determined that its LTC business was no longer a strategic asset and during the third quarter of 2022 committed to a plan to sell the LTC business. The following is a transcript of a joint conference call for analysts and investors held by CVS Health Corporation and Signify Health, Inc. ("Signify") on September 6, 2022, regarding CVS Pharmacy, Inc.'s ("CVS Pharmacy") proposed acquisition of Signify pursuant to that certain Agreement and Plan of Merger, dated as of The Retail/LTC segment fulfills prescriptions for medications, provides patient care programs, sells a wide assortment of health and wellness products and general merchandise, provides health care services through walk-in medical clinics, provides medical diagnostic testing, administers vaccinations and provides pharmacy services to long-term care facilities.

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