CVS Health Cash Flow Statement
NYSE: CVSHealthcareHealthcare PlansUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
CVS Health free cash flow
In fiscal 2025, CVS Health generated $10.64 billion of operating cash flow and spent $2.83 billion on capital expenditures. That left free cash flow of $7.81 billion, a free-cash-flow margin of 1.9% of revenue. Free cash flow was up 23.4% from the prior year's $6.33 billion.
CVS Health returned $3.40 billion to shareholders through dividends, equal to 44% of free cash flow. Free cash flow covered dividend payments 2.3 times.
Summary generated from market data by MetaCap's automated system. Methodology
CVS Health cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.73B | 4.59B | 8.37B | 4.33B | 7.99B | 7.19B | 6.63B | -596.00M | 6.62B | 5.32B |
| Net Income growth (YoY) | -62.32% | -45.20% | +93.39% | -45.84% | +11.08% | +8.46% | — | -109.00% | +24.52% | +1.53% |
| Depreciation & Amortization | 4.61B | 4.60B | 4.37B | 4.22B | 4.49B | 4.44B | 4.37B | 2.72B | 2.48B | 2.48B |
| Stock-Based Compensation | 535.00M | 540.00M | 588.00M | 447.00M | 484.00M | 400.00M | 453.00M | 280.00M | 234.00M | 222.00M |
| Change in Working Capital | -1.49B | -2.65B | -379.00M | 5.83B | 3.76B | 3.39B | 1.18B | 199.00M | -416.00M | 1.31B |
| Operating Cash Flow | 10.64B | 9.11B | 13.43B | 16.18B | 18.27B | 15.87B | 12.85B | 8.87B | 8.01B | 10.14B |
| Capital Expenditures | -2.83B | -2.78B | -3.03B | -2.73B | -2.52B | -2.44B | -2.46B | -2.04B | -1.92B | -2.22B |
| Investing Cash Flow | -5.87B | -7.61B | -20.89B | -5.05B | -5.26B | -5.53B | -3.34B | -43.28B | -2.88B | -2.47B |
| Dividends Paid | -3.40B | -3.37B | -3.13B | -2.91B | -2.63B | -2.62B | -2.60B | -2.04B | -2.05B | -1.84B |
| Share Repurchases | 0 | -3.02B | -2.01B | -3.50B | 0 | 0 | 0 | 0 | -4.36B | -4.46B |
| Debt Issued | 3.97B | 7.91B | 10.90B | 0 | 987.00M | 9.96B | 3.74B | 44.34B | 0 | 3.46B |
| Debt Repaid | -3.63B | -4.77B | -3.17B | -4.21B | -10.25B | -15.63B | -8.34B | -5.52B | 0 | -5.94B |
| Financing Cash Flow | -4.94B | -1.14B | 2.68B | -10.52B | -11.36B | -7.70B | -7.65B | 36.82B | -6.75B | -6.76B |
| Net Change in Cash | -172.00M | 359.00M | -4.78B | 614.00M | 1.65B | 2.63B | 1.85B | 2.40B | -1.62B | 912.00M |
| Free Cash Flow | 7.81B | 6.33B | 10.39B | 13.45B | 15.74B | 13.43B | 10.39B | 6.83B | 6.09B | 7.92B |
This table shows 10 annual periods of CVS Health's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow CVS's reporting calendar. What is a cash flow statement?