Cvs Health (CVS) Deferred Taxes (2009 - 2024)
Cvs Health (CVS) reported Deferred Taxes of -$217.0 million for Q1 2024, down 240.0% on a YoY basis from $155.0 million in Q2 2023, and up 31.33% quarter-over-quarter from -$316.0 million in Q4 2023.
Cvs Health (CVS) Deferred Taxes (2009 - 2024) Analysis & Trends
Cvs Health has reported Deferred Taxes for 16 years, with the latest figure at -$217.0 million in Q1 2024.
- For the quarter ending Q1 2024, Deferred Taxes fell 240.0% year-over-year to -$217.0 million; the trailing twelve-month figure through Mar 2024 stood at -$1.0 billion (up 38.32% YoY), and the FY2025 full-year result was $102.0 million, up 117.83% from the prior year.
- Deferred Taxes for Q1 2024 stood at -$217.0 million, up from -$316.0 million in the prior quarter.
- The five-year high for Deferred Taxes was $243.0 million in Q4 2021, with the low at -$2.0 billion in Q3 2022.
- Historically, Deferred Taxes has averaged -$229.1 million across 5 years, with a median of -$166.0 million in 2021.
- Annual changes were most pronounced in 2020 — Deferred Taxes surged 1800.0% — and 2022, when it tumbled 615.27%.
- Cvs Health's Deferred Taxes stood at -$545.0 million in 2020, then surged by 144.59% to $243.0 million in 2021, then dropped by 24.28% to $184.0 million in 2022, then sank by 271.74% to -$316.0 million in 2023, then jumped by 31.33% to -$217.0 million in 2024.
- The last three Deferred Taxes figures came in at -$217.0 million (Q1 2024), -$316.0 million (Q4 2023), and -$447.0 million (Q3 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 540.00 Mn |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | - |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | -274.00 Mn |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 60.00 Mn |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | - |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | -53.00 Mn |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 30.00 Mn |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | -6.20 Mn |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | - |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | -217.00 Mn |
| Dec 31, 2023 | -316.00 Mn |
| Sep 30, 2023 | -447.00 Mn |
| Jun 30, 2023 | -68.00 Mn |
| Mar 31, 2023 | 155.00 Mn |
| Dec 31, 2022 | 184.00 Mn |
| Sep 30, 2022 | -1.97 Bn |
| Jun 30, 2022 | -71.00 Mn |
| Mar 31, 2022 | -175.00 Mn |
| Dec 31, 2021 | 243.00 Mn |
| Sep 30, 2021 | -275.00 Mn |
| Jun 30, 2021 | -204.00 Mn |
| Mar 31, 2021 | -166.00 Mn |
| Dec 31, 2020 | -545.00 Mn |
| Sep 30, 2020 | 76.00 Mn |
| Jun 30, 2020 | -66.00 Mn |
| Mar 31, 2020 | -35.00 Mn |
| Dec 31, 2019 | -616.00 Mn |
| Sep 30, 2019 | 4.00 Mn |
| Jun 30, 2019 | -195.00 Mn |