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CVS Caremark Corporation (CVS)
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CVS » Topics » Free Cash Flow

This excerpt taken from the CVS 8-K filed Oct 30, 2008.

Free Cash Flow

The Company defines free cash flow as net cash provided by operating activities less net additions to properties and equipment (additions to property and equipment plus proceeds from sale-leaseback transactions).

Following is a reconciliation of net cash provided by operating activities to free cash flow:

 

     (Unaudited)
39 Weeks Ended		  

In millions

    September 27,
2008		     September 29,
2007		  

Net earnings

    $ 2,259.3     $ 1,822.0  

Non-cash charges (including depreciation and amortization)

      1,012.0       839.5  

Working capital change

      (1,093.0 )     (788.8 )
                

Net cash provided by operating activities

    $ 2,178.3     $ 1,872.7  

Subtract: Additions to property and equipment

      (1,483.2 )     (1,232.7 )

Add: Proceeds from sale-leaseback transactions

      196.9       37.5  
                

Free cash flow

    $ 892.0     $ 677.5  
                

This excerpt taken from the CVS 8-K filed Jul 31, 2008.

Free Cash Flow

The Company defines free cash flow as net cash provided by operating activities less net additions to properties and equipment (additions to property and equipment plus proceeds from sale-leaseback transactions).

Following is a reconciliation of net cash provided by operating activities to free cash flow:

 

     (Unaudited)  
     26 Weeks Ended  

In millions

    June 28,
2008		     June 30,
2007		  

Net earnings

    $ 1,523.3     $ 1,132.5  

Non-cash charges (including depreciation and amortization)

      636.6       558.5  

Working capital change

      (767.8 )     (263.8 )
                

Net cash provided by operating activities

    $ 1,392.1     $ 1,427.2  

Subtract: Additions to property and equipment

      (955.3 )     (778.0 )

Add: Proceeds from sale-leaseback transactions

      69.6       23.7  
                

Free cash flow

    $ 506.4     $ 672.9  
                

This excerpt taken from the CVS 8-K filed May 1, 2008.

Free Cash Flow

The Company defines free cash flow as net cash provided by operating activities less net additions to properties and equipment (additions to property and equipment plus proceeds from sale-leaseback transactions).

Following is a reconciliation of net cash provided by operating activities to free cash flow:

 

     (Unaudited)
13 Weeks Ended		  

In millions

    March 29,
2008		     March 31,
2007		  

Net earnings

    $ 748.5     $ 408.9  

Non-cash charges (including depreciation and amortization)

      310.9       210.9  

Working capital change

      (318.6 )     87.9  
                

Net cash provided by operating activities

    $ 740.8     $ 707.7  

Subtract: Additions to property and equipment

      (400.3 )     (311.9 )

Add: Proceeds from sale-leaseback transactions

      5.3       9.9  
                

Free cash flow

    $ 345.8     $ 405.7  
                

This excerpt taken from the CVS 8-K filed Jan 31, 2008.

Free Cash Flow

The Company defines free cash flow as net cash provided by operating activities less net additions to properties and equipment (additions to property and equipment plus proceeds from sale-leaseback transactions).

Following is a reconciliation of net cash provided by operating activities to free cash flow:

 

     (Unaudited)  
     Fiscal Year Ended  

In millions

    December 29,
2007		     December 30,
2006		  

Net earnings

    $ 2,637.0     $ 1,368.9  

Non-cash charges (including depreciation and amortization)

      1,212.7       901.4  

Working capital change

      (620.0 )     (527.9 )
                

Net cash provided by operating activities

    $ 3,229.7     $ 1,742.4  

Subtract: Additions to property and equipment

      (1,805.3 )     (1,768.9 )

Add: Proceeds from sale-leaseback transactions

      601.3       1,375.6  
                

Free cash flow

    $ 2,025.7     $ 1,349.1  
                

EXCERPTS ON THIS PAGE:

8-K
Oct 30, 2008
8-K
Jul 31, 2008
8-K
May 1, 2008
8-K
Jan 31, 2008

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