西维斯健康CVS Health（CVS） 2015年年度报告「NYSE」.pdf

1、What happens when you start with heart?2015 Annual ReportNet revenues$153,290$139,367 10.0%Operating profit$9,454$8,799 7.4%Net income$5,239$4,644 12.8%Diluted EPS from continuing operations$4.62$3.96 16.8%Free cash flow*$6,456$6,516 (0.9%)Stock price at year-end$97.77$96.31 1.5%Market capitalizatio

2、n at year-end$107,645$109,800 (2.0%)*Free cash flow is defined as net cash provided by operating activities less net additions to properties and equipment(i.e.,additions to property and equipment plus proceeds from sale-leaseback transactions).Financial highlightsNet revenuein billions of dollars153

3、.3139.4126.8123.1107.1 11 12 13 14 15Diluted EPS from continuing operations in dollars4.623.963.753.022.59 11 12 13 14 15Annual cash dividendsin dollars per common share1.401.100.900.650.50 11 12 13 14 15 1 Letter to Shareholders 7 Start with Heart 21 2015 Financial Report (in millions,except per sh

4、are figures)2015 2014%change Dear Fellow Shareholders:CVS Health enjoyed a successful 2015 that was highlighted by excellent performance across our enterprise and two key acquisitions that support our strategy for growth in an evolving health care market.That strategy is focused on creating superior

5、 value for patients,payors,and providers through an unmatched suite of integrated assets.From our nationwide retail footprint to our leading pharmacy benefits man-agement(PBM)and specialty businesses,and now our leading presence in long-term pharmacy care,we have forged a competitive advantage that

6、is helping us benefit from a broad range of market trends.They include the implementation of the Affordable Care Act,the aging U.S.population,and increased prescription utilization.Of the roughly 710 million pre-scriptions added to the market over the past five years,CVS Health has captured 39 perce