AmerisourceBergen 2009 Annual Report Download - page 18

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Consolidated Statements of Operations
(in thousands, except per share data)
Fiscal year ended September 30, 2009 2008 2007
Operating revenue $70,052,006 $67,518,933 $61,266,792
Bulk deliveries to customer warehouses 1,707,984 2,670,800 4,405,280
Total revenue 71,759,990 70,189,733 65,672,072
Cost of goods sold 69,659,915 68,142,731 63,453,013
Gross profit 2,100,075 2,047,002 2,219,059
Operating expenses:
Distribution, selling and administrative 1,120,240 1,119,393 1,339,885
Depreciation 63,488 64,954 68,227
Amortization 15,420 17,127 16,448
Facility consolidations, employee severance and other 5,406 12,377 2,072
Intangible asset impairments 11,772 5,290 3,690
Operating income 883,749 827,861 788,737
Other loss 1,368 2,027 3,004
Interest expense, net 58,307 64,496 32,244
Income from continuing operations before income taxes 824,074 761,338 753,489
Income taxes 312,222 292,274 278,686
Income from continuing operations 511,852 469,064 474,803
Loss from discontinued operations, net of income tax expense of
$353, $2,150, and $10,285 for fiscal 2009, 2008, and 2007, respectively (8,455) (218,505) (5,636)
Net income $ 503,397 $ 250,559 $ 469,167
Earnings per share:
Basic earnings per share:
Continuing operations $ 1.70 $ 1.46 $ 1.28
Discontinued operations (0.03) (0.68) (0.02)
Rounding —— 0.01
Total $ 1.67 $ 0.78 $ 1.27
Diluted earnings per share:
Continuing operations $ 1.69 $ 1.44 $ 1.26
Discontinued operations (0.03) (0.67) (0.01)
Total $ 1.66 $ 0.77 $ 1.25
Weighted average common shares outstanding:
Basic 300,573 321,284 370,362
Diluted 302,754 324,920 375,772
See notes to consolidated financial statements in the Company’s Annual Report on Form 10-K as filed with the SEC for the Fiscal Year Ended
September 30, 2009.
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