Question
Using this Income Statement from CVS I need to find the Gross Profit Margin and Net Profit Margin using vertical analysis. How do I determine COGS?
.Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
.Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended Dec. 31, 2014 Dec. 31, 2013 Dec. 31, 2012
Income Statement [Abstract] Net revenues $ 139,367 $ 126,761 $ 123,120 Cost of revenues 114,000 102,978 100,632 Gross profit 25,367 23,783 22,488 Operating expenses 16,568 15,746 15,278 Operating profit 8,799 8,037 7,210 Interest expense, net 600 509 557 Loss on early extinguishment of debt 521 0 348 Income before income tax provision 7,678 7,528 6,305 Income tax provision 3,033 2,928 2,436 Income from continuing operations 4,645 4,600 3,869 Loss from discontinued operations, net of tax (1) (8) (7) Net income 4,644 4,592 3,862 Net loss attributable to noncontrolling interest 0 0 2 Net income attributable to CVS Health $ 4,644 $ 4,592 $ 3,864
Basic earnings per share: Income from continuing operations attributable to CVS Caremark (in dollars per share) $ 3.98 $ 3.78 $ 3.05 Loss from discontinued operations attributable to CVS Caremark (in dollars per share) $ 0.00 $ (0.01) $ (0.01) Net income attributable to CVS Caremark (in dollars per share) $ 3.98 $ 3.77 $ 3.04 Weighted average common shares outstanding (in shares) 1,161 1,217 1,271
Diluted earnings per share: Income from continuing operations attributable to CVS Caremark (in dollars per share) $ 3.96 $ 3.75 $ 3.02 Loss from discontinued operations attributable to CVS Caremark (in dollars per share) $ 0.00 $ (0.01) $ (0.01) Net income attributable to CVS Caremark (in dollars per share) $ 3.96 $ 3.74 $ 3.02 Weighted average common shares outstanding (in shares) 1,169 1,226 1,280 Dividends declared per common share $ 1.10 $ 0.9 $ 0.65
Explanation / Answer
Using this Income Statement from CVS I need to find the Gross Profit Margin and
