Cardinal Health 2011 Annual Report Download - page 66

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C
ARDINAL HEALTH
,
INC. AND SUBSIDIARIE
S
CO
N
SO
LIDATED
S
TATEMENT
SO
F EARNIN
GS
F
i
scal Year Ended June 30
,
2
0
1
1
2
0
1
0
2009
(
In millions, exce
p
t
p
er common share amounts
)
R
evenu
e
.................................................
$
102,644.2 $98,502.8 $95,991.
5
C
ost o
f
pro
d
ucts so
ld
.
.....................................
.
98
,
482.2 94
,
722.1 92
,
244.
0
Gross margin .............................................
.
4
,162.0 3,780.7 3,747.
5
Operat
i
ng expenses
:
D
istribution, sellin
g
,
g
eneral and administrative expenses
......
2
,
5
94.8 2,408.0 2,333.
5
R
estructuring and employee severance
.
...................
.
15
.
5
90.7 104.
7
A
cqu
i
s
i
t
i
on-re
l
ate
d
cost
s
................................
22
.
98
.
42
.
8
I
m
p
airments and loss on sale of assets ...................... 8.
6
29
.
113
.
9
Litigation (recoveries)/charges, ne
t
........................ 6.2 (62.4)
5
.
2
Operatin
g
earnin
gs
.........................................
1
,
5
14.0 1,306.9 1,287.4
Ot
h
er (
i
ncome)/expense, ne
t
.
................................
.
(
21.8
)(
13.
5)
13.
2
I
nterest expense, net
........................................
9
2.8 113.5 114.4
Loss on extin
g
uishment of deb
t
...............................
0
.
0
39
.
90
.
0
Ga
i
nonsa
l
eo
fi
nvestment
i
n CareFus
i
o
n
.
.....................
.
(
7
5
.3
)(
44.6
)
0.
0
Earnin
g
s before income taxes and discontinued operations
..........
1
,
5
18.3 1,211.6 1,1
5
9.8
Pro
vi
s
i
on
f
or
i
ncome taxe
s
..................................
.
55
2.1
6
24.
6
4
0
1.
6
Earnings from continuing operations
.
.........................
.
966.2
5
87.0 7
5
8.
2
Earn
i
ngs/(
l
oss)
f
rom
di
scont
i
nue
d
operat
i
ons, net o
f
tax
............
(
7.2
)
55.2 393.4
Net earn
i
ngs ..............................................
$
959.0
$
642.2
$
1
,
151.
6
B
as
i
c earn
i
ngs/(
l
oss) per Common S
h
are:
Cont
i
nu
i
ng operat
i
ons...................................
$
2
.77
$
1.64
$
2.1
2
D
iscontinued o
p
eration
s
.................................
(0.02) 0.1
5
1.1
0
Net basic earnin
g
s per Common Shar
e
...................... $
2
.75 $ 1.79 $ 3.2
2
Diluted earnin
g
s/(loss) per Common Share
:
Continuin
g
operations ................................... $
2
.74 $ 1.62 $ 2.1
0
Di
scont
i
nue
d
operat
i
on
s
................................
.
(
0.02
)
0.15 1.08
Net diluted earnings per Common Share ....................
$
2
.72
$
1.77
$
3.18
Weighted average number of Common Shares outstanding
:
B
as
ic
................................................
3
4
8
.
6 358
.
835
7.
6
D
il
uted
..............................................
35
2.
5
361.4 361.
5
Th
e accompany
i
ng notes are an
i
ntegra
l
part o
f
t
h
ese conso
lid
ate
d
statements
.
40