AmerisourceBergen 2005 Annual Report Download - page 3

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-1-
To Our Shareholders:
merisourceBergen achieved record operating
revenue of $50 billion and record cash flow from
operations of $1.5 billion for fiscal 2005. Diluted earnings
per share from continuing operations of $2.73, including
$0.60 in special charges and before the cumulative
effect of an accounting change, were disappointing and
below our expectations. It was a year dominated by
amajor transition in how our Company is compensated
by brand-name manufacturers for our distribution services.
The good news is that we are now largely through
this business model transition, and our strengths in
distribution and related services in the pharmaceutical
supply channel, and positive industry trends, provide
substantial growth opportunities as we look ahead.
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