McKesson 2009 Annual Report Download - page 32

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McKESSON CORPORATION
26
FIVE-YEAR HIGHLIGHTS
As of and for the Years Ended March 31,
(In millions, except per share amounts and ratios) 2009 2008 2007 2006 2005
Operating Results
Revenues $ 106,632 $ 101,703 $ 92,977 $ 86,983 $ 79,096
Percent change 4.8% 9.4% 6.9% 10.0% 16.3%
Gross profit 5,378 5,009 4,332 3,777 3,342
Income (loss) from continuing operations before
income taxes 1,064 1,457 1,297 1,171 (266)
Income (loss) after income taxes
Continuing operations 823 989 968 745 (173)
Discontinued operations - 1 (55) 6 16
Net income (loss) 823 990 913 751 (157)
Financial Position
Working capital 3,065 2,438 2,730 3,527 3,658
Days sales outstanding for: (1)
Customer receivables 24 22 21 22 23
Inventories 31 33 32 29 34
Drafts and accounts payable 43 44 43 41 40
Total assets 25,267 24,603 23,943 20,961 18,775
Total debt, including capital lease obligations 2,512 1,797 1,958 991 1,211
Stockholders’ equity 6,193 6,121 6,273 5,907 5,275
Property acquisitions 195 195 126 166 135
Acquisitions of businesses, net 358 610 1,938 589 76
Common Share Information
Common shares outstanding at year-end 271 277 295 304 299
Shares on which earnings (loss) per common
share were based
Diluted 279 298 305 316 294
Basic 275 291 298 306 294
Diluted earnings (loss) per common share (2)
Continuing operations $ 2.95 $ 3.32 $ 3.17 $ 2.36 $ (0.59)
Discontinued operations - - (0.18) 0.02 0.06
Total 2.95 3.32 2.99 2.38 (0.53)
Cash dividends declared 134 70 72 74 71
Cash dividends declared per common share 0.48 0.24 0.24 0.24 0.24
Book value per common share (2) (3) 22.87 22.10 21.26 19.43 17.64
Market value per common share – year end 35.04 52.37 58.54 52.13 37.75
Supplemental Data
Capital employed (4) 8,705 7,918 8,231 6,898 6,486
Debt to capital ratio (5) 28.9% 22.7% 23.8% 14.4% 18.7%
Net debt to net capital employed (6) 6.1% 6.6% 0.1% (24.1)% (12.6)%
Average stockholders’ equity (7) 6,214 6,344 6,022 5,736 5,264
Return on stockholders’ equity (8) 13.2% 15.6% 15.2% 13.1% (3.0)%
Footnotes to Five-Year Highlights:
(1) Based on year-end balances and sales or cost of sales for the last 90 days of the year.
(2) Certain computations may reflect rounding adjustments.
(3) Represents stockholders’ equity divided by year-end common shares outstanding.
(4) Consists of total debt and stockholders’ equity.
(5) Ratio is computed as total debt divided by capital employed.
(6) Ratio is computed as total debt, net of cash and cash equivalents (“net debt”), divided by net debt and stockholders’ equity
(“net capital employed”).
(7) Represents a five-quarter average of stockholders’ equity.
(8) Ratio is computed as net income (loss), divided by a five-quarter average of stockholders’ equity.