“As we work to transform the way health care is delivered to millions of Americans, we are driving continued business performance and generating positive momentum across the enterprise. The increase for the year ended December 31, 2019 was also partially offset by the $231 million of store rationalization charges primarily related to operating lease right-of-use asset impairment charges in connection with the planned closure of underperforming retail pharmacy stores and the $205 million pre-tax loss on the sale of Onofre, both recorded in the year ended December 31, 2019.Adjusted operating income decreased 4.4% and 9.4% for the three months and year ended December 31, 2019, respectively, compared to the prior year. The decrease for the year ended December 31, 2019 was also due to increased operating expenses primarily driven by the investment of a portion of the savings from tax reform in wages and benefits.See the supplemental information on page 21 for additional information regarding the performance of the Retail/LTC segment.The Health Care Benefits segment provides a full range of insured and self-insured (“ASC”) medical, pharmacy, dental and behavioral health products and services. All amounts are for the periods prior to the close of the Aetna Acquisition and were recorded within the Corporate/Other segment.The corresponding tax benefit or expense related to the items excluded from adjusted income from continuing operations attributable to CVS Health and Adjusted EPS above. 12/31/2018. The nature of each non-GAAP adjustment is evaluated to determine whether a discrete adjustment should be made to the adjusted income tax provision.See endnotes (1) through (4) for definitions of non-GAAP financial measures. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic.If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Get the detailed quarterly/annual income statement for CVS Health Corporation (CVS). The interest expense was reduced by related interest income of $83 million and $536 million, during the three months and year ended December 31, 2018, respectively, on the proceeds of the 2018 Notes. The potential common equivalent shares were excluded from the calculation of GAAP loss per share from continuing operations for the three months and year ended December 31, 2018, as these shares would have had an anti-dilutive effect as a result of the GAAP net loss incurred. CVS's health benefits business more than doubled in revenue from $6.24 billion during the last three months of 2018 to $17.15 billion during the fourth … 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 CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. The increase in operating income in both periods also was partially offset by increased intangible asset amortization related to Aetna’s mail order and specialty pharmacy operations.See the supplemental information on page 20 for additional information regarding the performance of the Pharmacy Services segment.The Retail/LTC segment fulfills prescriptions for medications, provides patient care programs, sells a wide assortment of general merchandise, provides health care services through walk-in medical clinics and provides services to long-term care facilities. Accordingly, the Company believes excluding the amortization of intangible assets enhances the Company’s and investors’ ability to compare the Company’s past financial performance with its current performance and to analyze underlying business performance and trends.
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