CVS Health's total expenses have grown from $172 billion in 2016 to about $195 billion in 2018.
For 2020, we expect total expenses to be around $248 billion, which comprises of
1) COGS: $156 Billion
2) Operating Expenses: $86 billion
2) Non-Operating Expense: $3 billion
3) Income Taxes: $3 billion
Below, we take a look at how the company's key expense components have trended and the key reasons for the change.