McKesson 2006 Annual Report Download - page 109
Download and view the complete annual report
Please find page 109 of the 2006 McKesson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115
 |
 |
EXHIBIT 12
McKESSON CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
Years Ended March 31,
(In millions) 2006 2005 2004 2003 2002
Earnin
g
s:
Income (Loss) from continuing operations before income
taxes $ 1,158 $ (245) $ 906 $ 848 $ 598
Adjustments:
Equity in net income of and dividends from equity
investees (17) (5) (1) (6) 2
Fixed charges 136 161 160 167 165
Interest Capitalized (4) (6) (4) (3) (2)
Earnings as adjusted $ 1,273 $(95) $ 1,061 $ 1,006 $763
Fixed char
g
es:
Interest expense (a) $ 94 $118 $120 $ 128.0 $126
Portion of rental expense representative of the interest
factor 38 37 36 36 37
Capitalized interest 4 6 4 3 2
Total fixed charges $ 136 $ 161 $ 160 $ 167 $ 165
Ratio:
Ratio of earnings to fixed charges 9.4 X (b) 6.6 X 6.0X 4.6X
(a) Interest expense includes amortization of debt discounts and deferred loan costs.
(b) Earnings for the year ended March 31, 2005 were inadequate to cover fixed charges. The coverage deficiency was $256 million for ratio
of earnings to fixed charges.