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McKESSON CORPORATION
FINANCIAL NOTES (Concluded)
23. Quarterly Financial Information (Unaudited)
(In millions, except per share amounts)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Year
Fiscal 2009
Revenues $ 26,704 $ 26,574 $ 27,130 $ 26,224 $ 106,632
Gross profit 1,268 1,302 1,343 1,465 5,378
Net income (1)(2)(3)(4) 235 327 (20) 281 823
Earnings per common share (1)(2)(3)(4)
Diluted 0.83 1.17 (0.07) 1.01 2.95
Basic 0.85 1.19 (0.07) 1.03 2.99
Cash dividends per common share $ 0.12 $ 0.12 $ 0.12 $ 0.12 $ 0.48
Market prices per common share
High $ 58.78 $ 58.85 $ 52.55 $ 45.80 $ 58.85
Low 51.96 52.32 28.60 34.77 28.60
Fiscal 2008
Revenues $ 24,528 $ 24,450 $ 26,494 $ 26,231 $ 101,703
Gross profit 1,177 1,181 1,204 1,447 5,009
Income after income taxes
Continuing operations $ 236 $ 247 $ 201 $ 305 $ 989
Discontinued operations (1) - - 2 1
Total $ 235 $ 247 $ 201 $ 307 $ 990
Earnings per common share
Diluted
Continuing operations $ 0.77 $ 0.83 $ 0.68 $ 1.04 $ 3.32
Discontinued operations - - - 0.01 -
Total $ 0.77 $ 0.83 $ 0.68 $ 1.05 $ 3.32
Basic
Continuing operations $ 0.79 $ 0.85 $ 0.69 $ 1.07 $ 3.40
Discontinued operations - - - 0.01 -
Total $ 0.79 $ 0.85 $ 0.69 $ 1.08 $ 3.40
Cash dividends per common share $ 0.06 $ 0.06 $ 0.06 $ 0.06 $ 0.24
Market prices per common share
High $ 63.90 $ 62.01 $ 68.43 $ 68.40 $ 68.43
Low 57.72 53.45 56.30 51.08 51.08
(1) Financial results for the second quarter and full year 2009 include a $24 million pre-tax gain ($14 million after-tax) on sale
of our 42% interest in Verispan.
(2) Financial results for the second and fourth quarters and full year 2009 include $67 million, $22 million and $89 million of
income tax credits related to the recognition of previously unrecognized tax benefits and related interest expense as a result
of the lapsing of the statutes of limitations.
(3) Financial results for the third quarter and full year 2009 include a $493 million pre-tax charge ($311 million after-taxes)
associated with the AWP Litigation.
(4) Financial results for the fourth quarter and full year 2009 include a $63 million pre-tax impairment charge ($60 million
after-taxes) associated with two equity-held investments.
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