McKesson 2006 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 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.

Page out of 115

  • 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

McKESSON CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
See Financial Notes
54
Years Ended March 31,
2006 2005 2004
Revenues $88,050 $ 80,120 $69,210
Cost of Sales 84,188 76,670 65,975
Gross Profi
t
3,862 3,450 3,235
Operating Expenses Selling 611 549 512
Distribution 749 676 626
Research and developmen
t
223 182 173
Administrative 1,120 1,038 946
Securities Litigation charges, net 45 1,200 —
Total 2,748 3,645 2,257
Operating Income (Loss) 1,114 (195) 978
Interest Expense (94) (118)(120)
Other Income, Net 138 68 48
Income (Loss) from Continuing Operations Before Income Taxes 1,158 (245)906
Income Tax Benefit (Provision) (421) 85 (263)
Income (Loss) After Income
Taxes Continuing operations 737 (160) 643
Discontinued operation 1 3 4
Discontinued operation — gain on sale 13 —
—
Net Income (Loss) $ 751 $ (157) $ 647
Earnings (Loss) Per Common Share
Diluted
Continuing operations $ 2.34 $ (0.54) $ 2.18
Discontinued operation — 0.01 0.01
Discontinued operation — gain on sale 0.04 —
—
Total $ 2.38 $ (0.53) $ 2.19
Basic
Continuing operations $ 2.42 $ (0.54) $ 2.22
Discontinued operation — 0.01 0.01
Discontinued operation — gain on sale 0.04 —
—
Total $ 2.46 $ (0.53) $ 2.23
Weighted Average Shares
Dilute
d
316 294 299
Basic 306 294 290