Five-Year Financial Summary

In millions, except per share amounts 2016 2015 2014 2013 2012
Statement of operations data:          
Net revenues $ 177,526 $ 153,290 $ 139,367 $ 126,761 $ 123,120
Gross profit 28,857 26,528 25,367 23,783 22,488
Operating expenses(1) 18,519 17,074 16,568 15,746 15,278
Operating profit 10,338 9,454 8,799 8,037 7,210
Interest expense, net 1,058 838 600 509 557
Loss on early extinguishment of debt 643 521 348
Income tax provision 3,317 3,386 3,033 2,928 2,436
Income from continuing operations 5,320 5,230 4,645 4,600 3,869
Income (loss) from discontinued operations, net of tax (1) 9 (1) (8) (7)
Net income 5,319 5,239 4,644 4,592 3,862
Net loss attributable to noncontrolling interest (2) (2) 2
Net income attributable to CVS Health $ 5,317 $ 5,237 $ 4,644 $ 4,592 $ 3,864
Per common share data:          
Basic earnings per common share:          
Income from continuing operations attributable to CVS Health $ 4.93 $ 4.65 $ 3.98 $ 3.78 $ 3.05
Loss from discontinued operations attributable to CVS Health $ 0.00 $ 0.01 $ 0.00 $ (0.01) $ (0.01)
Net income attributable to CVS Health $ 4.93 $ 4.66 $ 3.98 $ 3.77 $ 3.04
Diluted earnings per common share:          
Income from continuing operations attributable to CVS Health $ 4.91 $ 4.62 $ 3.96 $ 3.75 $ 3.02
Loss from discontinued operations attributable to CVS Health $ 0.00 $ 0.01 $ 0.00 $ (0.01) $ (0.01)
Net income attributable to CVS Health $ 4.90 $ 4.63 $ 3.96 $ 3.74 $ 3.02
Cash dividends per common share $ 1.70 $ 1.40 $ 1.10 $ 0.90 $ 0.65
Balance sheet and other data:          
Total assets(1) $ 94,462 $ 92,437 $ 73,202 $ 70,550 $ 65,474
Long-term debt $ 25,615 $ 26,267 $ 11,630 $ 12,767 $ 9,079
Total shareholders’ equity $ 36,834 $ 37,203 $ 37,963 $ 37,938 $ 37,653
Number of stores (at end of year) 9,750 9,681 7,866 7,702 7,508

(1) As of January 1, 2016, the Company early adopted Accounting Standard Update No. 2015-17, Income Taxes (Topic 740) issued by the Financial Accounting Standards Board in November 2015. The effect of the retrospective adoption on the Company's historical consolidated balance sheets is a reduction in current assets and deferred income taxes of $1.2 billion, $985 million, $902 million and $693 million as of December 31, 2015, 2014, 2013 and 2012, respectively.