Item 6. Selected Financial Data

The selected consolidated financial data of CVS Health Corporation as of and for the periods indicated in the five-year period ended December 31, 2017, have been derived from the consolidated financial statements of CVS Health Corporation. The selected consolidated financial data should be read in conjunction with the consolidated financial statements and the audit reports of Ernst & Young LLP, which are incorporated elsewhere herein.


In millions, except per share amounts	2017		2016		2015		2014		2013
Statement of operations data:
Net revenues	$	184,765	$	177,526	$	153,290	$	139,367	$	126,761
Gross profit		28,545		28,857		26,528		25,367		23,783
Operating expenses (1)		19,028		18,491		17,053		16,545		15,713
Operating profit		9,517		10,366		9,475		8,822		8,070
Interest expense, net		1,041		1,058		838		600		509
Loss on early extinguishment of debt		—		643		—		521		—
Other expense (1)		208		28		21		23		33
Income tax provision		1,637		3,317		3,386		3,033		2,928
Income from continuing operations		6,631		5,320		5,230		4,645		4,600
Income (loss) from discontinued operations, net of tax		(8)		(1)		9		(1)		(8)
Net income		6,623		5,319		5,239		4,644		4,592
Net income attributable to noncontrolling interest		(1)		(2)		(2)		—		—
Net income attributable to CVS Health	$	6,622	$	5,317	$	5,237	$	4,644	$	4,592
Per common share data:
Basic earnings per common share:
Income from continuing operations attributable to CVS Health	$	6.48	$	4.93	$	4.65	$	3.98	$	3.78
Income (loss) from discontinued operations attributable to CVS Health	$	(0.01)	$	—	$	0.01	$	—	$	(0.01)
Net income attributable to CVS Health	$	6.47	$	4.93	$	4.66	$	3.98	$	3.77
Diluted earnings per common share:
Income from continuing operations attributable to CVS Health	$	6.45	$	4.91	$	4.62	$	3.96	$	3.75
Income (loss) from discontinued operations attributable to CVS Health	$	(0.01)	$	—	$	0.01	$	—	$	(0.01)
Net income attributable to CVS Health	$	6.44	$	4.90	$	4.63	$	3.96	$	3.74
Cash dividends per common share	$	2.00	$	1.70	$	1.40	$	1.10	$	0.90
Balance sheet and other data:
Total assets	$	95,131	$	94,462	$	92,437	$	73,202	$	70,550
Long-term debt	$	22,181	$	25,615	$	26,267	$	11,630	$	12,767
Total shareholders’ equity	$	37,695	$	36,834	$	37,203	$	37,963	$	37,938
Number of stores (at end of year)		9,846		9,750		9,681		7,866		7,702

	(1)		As of January 1, 2017, the Company adopted Accounting Standards Update (“ASU”) 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which resulted in a retrospective reclassification of $28 million, $21 million, $23 million and $33 million of net benefit costs from operating expenses to other expense in the years ended December 31, 2016, 2015, 2014, and 2013, respectively.

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