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Investor Katie Durant Contact : Senior Director Investor Relations ( 401 ) 770-6442 ● Media T.J. Crawford Contact : Vice President FOR IMMEDIATE RELEASE External Affairs ( 212 ) 457-0583 First Quarter Highlights : Total revenues increased to $ 69.1 billion , up 3.5 % compared to prior year GAAP diluted EPS of $ 1.68 , up 9.8 % compared to prior year Adjusted EPS of $ 2.04 , up 6.8 % compared to prior year Generated cash flow from operations of $ 2.9 billion CVS HEALTH REPORTS STRONG FIRST QUARTER RESULTS RAISES 2021 FULL YEAR EPS AND CONFIRMS CASH FLOW FROM OPERATIONS GUIDANCE RANGES 2021 Full Year Guidance : Raised GAAP diluted EPS guidance range to $ 6.24 to $ 6.36 from $ 6.06 to $ 6.22 Raised Adjusted EPS guidance range to $ 7.56 to $ 7.68 from $ 7.39 to $ 7.55 Confirmed cash flow from operations guidance range of $ 12.0 billion to $ 12.5 billion Exhibit 99.1 WOONSOCKET , RHODE ISLAND , May 4 , 2021 - CVS Health Corporation ( NYSE : CVS ) today announced operating results for the three months ended March 31 , 2021 . 1 " We delivered strong first quarter results and improved our outlook for the year , " said CVS Health President and CEO Karen S. Lynch . " We continue to execute on our strategy while simultaneously managing through a pandemic , helping the country on the road to recovery . Our unmatched assets and strength of our brand are driving results as we work toward improving care delivery and driving growth . " The Company presents both GAAP and non - GAAP financial measures in this press release to assist in the comparison of the Company's past financial performance with its current financial performance . See " Non - GAAP Financial Information " beginning on page 11 and endnotes beginning on page 21 for explanations of non - GAAP financial measures presented in this press release . See pages 12 , 13 and 20 for reconciliations of each non - GAAP financial measure used in this release to the most directly comparable GAAP financial measure .