McKesson 2012 Annual Report Download - page 31

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McKESSON CORPORATION
27
Item 6. Selected Financial Data.
FIVE-YEAR HIGHLIGHTS
As of and for the Years Ended March 31,
(In millions, except per share data and ratios) 2012 2011 2010 2009 2008
O
p
eratin
g
Results
Revenues $ 122,734 $ 112,084 $ 108,702 $ 106,632 $ 101,703
Percent change 9.5% 3.1% 1.9% 4.8% 9.4%
Gross profit 6,567 5,970 5,676 5,378 5,009
Income from continuing operations before
income taxes 1,919 1,635 1,864 1,064 1,457
Income after income taxes
Continuing operations 1,403 1,130 1,263 823 989
Discontinued operations — 72 — — 1
N
et income 1,403 1,202 1,263 823 990
Financial Position
Working capital 1,917 3,631 4,492 3,065 2,438
Days sales outstanding for: (1)
Customer receivables 24 25 25 24 22
Inventories 31 31 34 31 33
Drafts and accounts payable 49 47 48 43 44
Total assets 33,093 30,886 28,189 25,267 24,603
Total debt, including capital lease obligations 3,980 4,004 2,297 2,512 1,797
Stockholders’ equity 6,831 7,220 7,532 6,193 6,121
Property acquisitions 225 233 199 195 195
Acquisitions, net of cash acquired 1,156 292 18 358 610
Common Share Information
Common shares outstanding at year-end 235 252 271 271 277
Shares on which earnings per common share
were based
Diluted 251 263 273 279 298
Basic 246 258 269 275 291
Diluted earnings per common share (2)
Continuing operations $ 5.59 $ 4.29 $ 4.62 $ 2.95 $ 3.32
Discontinued operations — 0.28 — — —
Total 5.59 4.57 4.62 2.95 3.32
Cash dividends declared 202 188 131 134 70
Cash dividends declared per common share 0.80 0.72 0.48 0.48 0.24
Book value per common share (2) (3) 29.07 28.65 27.79 22.87 22.10
Market value per common share – year end 87.77 79.05 65.72 35.04 52.37
Su
pp
lemental Data
Capital employed (4) 10,811 11,224 9,829 8,705 7,918
Debt to capital ratio (5) 36.8% 35.7 % 23.4 % 28.9 % 22.7%
Net debt to net capital employed (6) 10.8% 5.1 % (23.5)% 6.1 % 6.6 %
Average stockholders’ equity (7) 7,108 7,105 6,768 6,214 6,344
Return on stockholders’ equity (8) 19.7% 16.9 % 18.7 % 13.2 % 15.6 %
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 the sum 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 the sum of net debt and
stockholders’ equity (“net capital employed”).
(7) Represents a five-quarter average of stockholders’ equity.
(8) Ratio is computed as net income divided by a five-quarter average of stockholders’ equity.