On Nov. 1, CVS
- CVS experienced an increase in same-store sales in both the front and back parts of its stores. Same-store merchandise sales increased 6.4%, and same-store pharmacy sales rose 10.2%.
- Free cash flow, though negative, improved because of higher cash flow from operations and flat capital expenditures.
- Long-term debt increased by a whopping 101.5% to $3.28 billion as the company purchased 701 Sav-On and Osco stores.
- The stock has a three-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$11,234 |
$11,210 |
$8,970 |
25.0% |
|
Net Profit |
-- |
$281 |
$249 |
12.6% |
|
EPS |
$0.32 |
$0.33 |
$0.30 |
10.0% |
|
Diluted Shares |
-- |
855 |
845 |
1.2% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
27.51% |
26.77% |
0.74 |
|
Operating Margin |
4.79% |
4.89% |
(0.10) |
|
Net Margin |
2.50% |
2.78% |
(0.28) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$395 |
$368 |
7.2% |
|
Accounts Rec. |
$2,197 |
$1,783 |
23.2% |
|
Inventory |
$7,015 |
$5,697 |
23.1% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$2,817 |
$2,325 |
21.2% |
|
Long-Term Debt |
$3,280 |
$1,628 |
101.5% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$993 |
$852 |
16.6% |
|
Capital Expenditures |
$1,116 |
$1,140 |
(2.1%) |
|
Free Cash Flow |
($123) |
($289) |
N/A |
Find out why Fools always follow the money.
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(NYSE:MHS) -
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