Walgreens 2015 Annual Report Download - page 52

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2015 2014 2013
Net earnings attributable to Walgreens Boots Alliance, Inc. (GAAP) $4,220 $1,932 $2,548
Alliance Boots call option loss — 866 —
Acquisition-related amortization 367 238 255
Cost transformation 338 — —
LIFO provision 178 86 151
Transaction foreign currency hedging loss 166 — —
Asset impairment 69 — —
Alliance Boots equity method non-cash tax 71 180 152
Early debt extinguishment 62 — —
Acquisition-related costs 54 54 60
Store closures and other optimization costs 35 179 —
Prefunded interest expense 26 — —
Loss (gain) on sale of business 11 (6) (13)
Gain on previously held equity interest (671) — —
Increase in fair market value of warrants (567) (359) (129)
Release of capital loss valuation allowance (220) — —
Net investment hedging gain (54) — —
DEA settlement costs — — 47
Hurricane Sandy costs — — 24
Distributor transition costs — — 8
Adjusted net earnings attributable to Walgreens Boots Alliance, Inc.
(Non-GAAP measure) $4,085 $3,170 $3,103
2015 2014 2013
Net earnings per common share attributable to Walgreens Boots Alliance, Inc. –
diluted (GAAP) $ 4.00 $ 2.00 $ 2.67
Alliance Boots call option loss — 0.90 —
Acquisition-related amortization 0.35 0.25 0.26
Cost transformation 0.32 — —
LIFO provision 0.17 0.09 0.16
Transaction foreign currency hedging loss 0.16 — —
Asset impairment 0.07 — —
Alliance Boots equity method non-cash tax 0.07 0.18 0.16
Early debt extinguishment 0.06 — —
Acquisition-related costs 0.05 0.06 0.06
Store closures and other optimization costs 0.03 0.18 —
Prefunded interest expense 0.03 — —
Loss (gain) on sale of business 0.01 (0.01) (0.01)
Gain on previously held equity interest (0.64) — —
Increase in fair market value of warrants (0.54) (0.37) (0.14)
Release of capital loss valuation allowance (0.21) — —
Net investment hedging gain (0.05) — —
DEA settlement costs — — 0.05
Hurricane Sandy costs — — 0.03
Distributor transition costs — — 0.01
Adjusted net earnings per common share attributable to Walgreens Boots
Alliance, Inc. – diluted (Non-GAAP measure) $ 3.88 $ 3.28 $ 3.25
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