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What is CVS's Deferred Income Tax?

  CVS Health Corp ( CVS ) |
1989 - 2021 (33 years)

Deferred Income Tax is 
-$908.4M (1Y -1.76% )

CVS Stock Price & Deferred Income Tax

Deferred Income Tax for CVS competitors.
PETS BIOS RAD WBA
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Deferred Income Tax

chevron_right 2021 -$711.0M +119x *
( +15.6% / year avg)
chevron_left 1989 $5.9M
vertical_align_top Peak $305.0M +1.23x *
vertical_align_bottom Bottom -$1.3B
arrow_drop_up # Up Years 9 9 of 33
years up.
arrow_drop_down # Down Years 16
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • CVS's stock price has rallied +43,783% from $0.13 in 1989 , or -3.6x faster than it's deferred income tax over the same period.
  • If CVS grows it's stock at the same rate as it's deferred income tax (+15.6%/year) , it's stock price will grow +426% and hit $247.05 over the next 10 years.
  • CVS's stock price has gone up 4 of the 9 years (+44%) it's deferred income tax were also up.
* A modified method (see: here) is used to calculate changes that involve negative numbers.
  • CVS Historical Deferred Income Tax Table
    in $ million
    * A modified method (see: here) is used to calculate changes that involve negative numbers.
    Year Deferred Income Tax YoY % Change* Stock Price YoY % Change (Stock Price)
    4/1/2021 $-711 10.9% $57.97 -10.9%
    4/1/2020 $-641 -2.4% $65.06 29.2%
    4/1/2019 $-656 -49.8% $50.35 -14.7%
    4/1/2018 $-1,309 -529.2% $59.05 -15.2%
    4/1/2017 $305 724.3% $69.68 -18.6%
    4/1/2016 $37 -114.6% $85.58 -4.4%
    4/1/2015 $-253 -9.1% $89.48 32.6%
    4/1/2014 $-279 335.9% $67.5 38.7%
    4/1/2013 $-64 -166.0% $48.68 30.1%
    4/1/2012 $97 -35.5% $37.42 17.8%
    4/1/2011 $150 -5380.7% $31.76 13.2%
    4/1/2010 $-2 -106.7% $28.06 17.3%
    4/1/2009 $42 - $23.92 -29.7%
    4/1/2008 $0 -100.0% $34.02 11.7%
    4/1/2007 $0 -98.9% $30.45 38.9%
    4/1/2006 $-27 - $21.92 2.3%
    4/1/2005 $0 - $21.43 33.2%
    4/1/2004 $0 - $16.09 62.0%
    4/1/2003 $0 - $9.93 -17.0%
    4/1/2002 $0 -100.0% $11.97 -40.8%
    4/1/2001 $3 -53.8% $20.23 27.4%
    4/1/2000 $7 - $15.88 -4.4%
    4/1/1999 $0 - $16.61 32.4%
    4/1/1998 $0 - $12.54 51.7%
    4/1/1997 $0 - $8.27 44.4%
    4/1/1996 $0 - $5.73 30.4%
    4/1/1995 $0 - $4.39 22.0%
    4/1/1994 $0 -100.0% $3.6 4.5%
    4/1/1993 $0 107.7% $3.45 2.3%
    4/1/1992 $0 -98.6% $3.37 16.6%
    4/1/1991 $18 79.2% $2.89 18.9%
    4/1/1990 $10 71.2% $2.43 27.2%
    4/1/1989 $5 - $1.91 -

  • About
    Industry: Health Care Plans
    Sector: Healthcare
    Country: US
    IPO Date: 10/1/1952
    Stonk Exchange: NYSE
    • CVS Health Corp
    • engages in the provision of health care services.
    • The company is headquartered in Woonsocket, Rhode Island and currently employs 295,000 full-time employees.
    • The firm provides pharmacy care for the senior community through Omnicare, Inc.
    • (Omnicare) and Omnicare's long-term care (LTC) operations, which include distribution of pharmaceuticals, related pharmacy consulting and other ancillary services to chronic care facilities and other care settings.
    • The company operates through three segments: Pharmacy Services, Retail/LTC and Corporate.
    • The Pharmacy Services Segment provides a range of pharmacy benefit management (PBM) solutions to its clients.
    • As of December 31, 2016, the Retail/LTC Segment included 9,709 retail locations (of which 7,980 were its stores that operated a pharmacy and 1,674 were its pharmacies located within Target Corporation (Target) stores), its online retail pharmacy Websites, CVS.
    • com, Navarro
    • com and Onofre
    • com
    • br, 38 onsite pharmacy stores, its long-term care pharmacy operations and its retail healthcare clinics.

  • A deferred income tax is a liability recorded on a balance sheet resulting from a difference in income recognition between tax laws and the company's accounting methods. For this reason, the company's payable income tax may not equate to the total tax expense reported.

    For more detailed definitions, please see Investopedia.