1、2002 CVS Corporation Annual ReportMaking it easy to get more out of life.CVS BrandProducts24-HourStoresCVS GoldEmblemProductsCVS RapidRefillTM1HourPhotoCVS.comExtraCareProgramOur Vision:We help people live longer,healthier,happier lives.Our Mission:We will be the easiest pharmacyretailer for custome
2、rs to use.Our Values:Respect for individualsIntegrityTeamworkOpenness to new ideasCommitment to flawless executionPassion for extraordinary customer serviceTheCVSCulture20022001In millions,except per share(52 weeks)(52 weeks)%ChangeSales$24,181.5$22,241.48.7Operating profit*1,206.21,1 19.67.7Net ear
3、nings*716.6641.61 1.7Diluted earnings per common share*1.751.5612.2*2001 results exclude the impact of a$352.5 million pre-tax($230.5 million after-tax)restructuring and asset impairment charge and a$3.5 million pre-tax($2.1 million after-tax)net nonrecurring gain,or$0.56 per diluted share.See page
4、40 for further information.Financial Highlights Total sales increased 8.7%to$24.2 billion.Same store sales rose 8.4%,while pharmacy same storesales rose 1 1.7%.We generated$545 million in free cash flow.Inventory turns improved for the 4th consecutive year.We opened 266 new or relocated CVS stores,7
5、8 in new markets.We held the#1 or#2 share in about 70%ofthe top 100 markets in which we operated.We achieved sales per retail square foot of$770,leading all major national drugstore chains.We filled one of every nine retail prescriptionsin America.$2 billion more in sales was efficiently handledthro
6、ugh one fewer distribution center.Revenues for our combined PharmaCare/ProCarebusiness crossed the$1 billion threshold.Eight million more people signed up for ExtraCare,and we ended the year with over 33 million cardholders.2002AchievementsTo Our ShareholdersCVS Corporation has emerged from 2002 str