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Cautionary assertion about forward-hunting statements The Personal Securities Litigation Reform Act of 1995 presents a secure harbor for forward-on the lookout statements produced by or on behalf of CVS Well being Company. Statements During this press launch that happen to be forward-searching include things like, but are usually not limited to, Ms. Lynch's quotation, the information beneath the headings "2024 Entire-12 months advice" and "From the spotlight" and the knowledge A part of the reconciliations and endnotes. By their character, all ahead-hunting statements are certainly not ensures of foreseeable future performance or success and are issue to hazards and uncertainties which are challenging to predict and/or quantify.
We support persons navigate the health and fitness treatment technique – and their personal health care – by improving obtain, decreasing charges and becoming a dependable spouse For each significant minute of health. And we do it all with heart, each and each day. Comply with @CVSHealth on social media marketing.
Begin to see the supplemental info on webpage 20 For added info regarding the performance of the Wellbeing Products and services phase.
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In the course of the year finished December 31, 2023 plus the three months and calendar year finished December 31, 2022, the loss on assets held available for purchase pertains to the LTC reporting unit inside the Pharmacy & Customer Wellness section. During 2022, the business established that its LTC business was not a strategic asset and committed to a decide to sell it, at which era the LTC enterprise achieved the factors for held-for-sale accounting and its Internet belongings had been accounted for as property held available for purchase. The carrying value of the LTC company was resolute to become greater than its approximated truthful value significantly less prices to promote and, appropriately, the corporation recorded a reduction on property held for sale during the third quarter of 2022. As of December 31, 2022, The web belongings from the LTC enterprise continued to satisfy the standards for held-for-sale accounting And through the fourth quarter of 2022, an incremental reduction on property held available was recorded to put in writing down the carrying price of the LTC business enterprise to its estimated honest price considerably less prices to offer.
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The adjustments amongst whole-calendar year 2024 GAAP diluted EPS and Altered EPS involve amortization of intangible belongings, acquisition-connected integration prices as well as the corresponding cash flow tax gain or price linked to the things excluded from modified profits attributable to CVS Well being.
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