AmerisourceBergen 2014 Annual Report Download

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Summary
Annual
Report
2014

Table of contents

  • Page 1
    Summary Annual Report 201 4

  • Page 2
    ... innovative programs and solutions across the pharmaceutical supply channel. With over $120 billion in annualized revenue, AmerisourceBergen is headquartered in Valley Forge, PA, and employs approximately 14,000 people. AmerisourceBergen is ranked #28 on the Fortune 500 list. For more information...

  • Page 3
    ... de Produtos Farmacêuticos S.A., in Brazil, and also invested in a specialty joint venture with Profarma. We successfully refinanced $500 million of our long-term debt, and taking both of our share repurchase programs together we bought back over $750 million of our common stock. As a result of our...

  • Page 4
    ... our new Orlando distribution center online, launched two new state-of-the-art customer service centers and made substantial infrastructure improvements to nearly every facility. I commend our ABDC associates for the incredible job they did in making these changes while implementing the Walgreens...

  • Page 5
    ... national distribution center in Columbus, Ohio, which will drive increased supply chain efficiency for both drug manufacturers and for our own distribution network. This new facility will streamline certain brand manufacturer contracts by providing a single ship-to point for products for suppliers...

  • Page 6
    ...new business will provide data analytics and market intelligence to assist manufacturers with their supply chain effectiveness and will serve as a platform to manage and grow PRxO Generics, our proprietary generics formulary and other global generic programs. AmerisourceBergen Switzerland represents...

  • Page 7
    ... strong presence in both the companion animal and production markets, and its dedication to operational excellence, MWI is the ideal partner to help us drive growth in animal health. Utilizing AmerisourceBergen's knowledge of manufacturer and provider services, our global reach, and our partnership...

  • Page 8
    ... and manufacturers, by executing efficiently through operational excellence, by generating cash through financial discipline, and by reinvesting wisely to expand our business. As a leader in global pharmaceutical sourcing and distribution, AmerisourceBergen is a vital link in the healthcare system...

  • Page 9
    ... long-term strategic relationship with Walgreens Boots Alliance, as well as the solid organic growth in the market and additional growth opportunities we see on the horizon. In December 2014, we opened our new national distribution center in Columbus, Ohio, which will make it easier to do business...

  • Page 10
    ... increase patient acquisition and retention, improve pharmacy operating efficiency, generate new revenue streams, and enhance the quality of patient care and patient safety. Generic drugs are an increasingly important component in managing costs, and our generic purchasing programs, such as our PRxO...

  • Page 11
    ... made through deploying our technology offerings, which help improve productivity through workflow and dispensing automation without sacrificing accuracy. Our unit-dose and multi-dose solutions are scalable and can meaningfully enhance pharmacy efficiency and patient safety, especially in a hospital...

  • Page 12
    ...of prescription drug sales in the U.S. and across the world. The current research and development pipeline for new products is heavily weighted towards specialty products, particularly in oncology, as reported by the Center for Supply Chain Research. At the same time, changes in reimbursement models...

  • Page 13
    ... array of provider solutions which drive practice efficiency, improve product access and reimbursement, reduce costs and increase cash flow, and most importantly, enhance patient care. ABSG has the largest specialty physician network in the world, which focuses on group purchasing programs, peer to...

  • Page 14
    ... and world-class patient support services enable us to provide comprehensive solutions designed to drive optimal product access and ultimately help improve patient care. In September 2014, we launched AmerisourceBergen Global Manufacturer Services, GmbH in Bern, Switzerland, or AmerisourceBergen...

  • Page 15
    ... and market intelligence to assist manufacturers with their supply chain effectiveness, and will serve as a platform to manage and grow PRxO Generics, our proprietary generics formulary and other global programs. AmerisourceBergen Consulting Services (ABCS), through a number of operating businesses...

  • Page 16
    ... improving the safety, efficiency, and productivity of our operations and the pharmaceutical supply channel, and helping ensure patients have access to medications. To accomplish this, we purchase pharmaceuticals for distribution in the U.S. directly from the products' manufacturers, or their...

  • Page 17
    ..., and we work with suppliers to reduce excess packaging and improve business processes in an effort to reduce waste wherever feasible. Established in late fiscal 2014, the AmerisourceBergen Foundation makes charitable grants to fund programs and organizations that focus on health-related causes and...

  • Page 18
    ... P. Mauch Executive Vice President and President, AmerisourceBergen Drug Corporation David W. Neu Executive Vice President of Retail Strategy and President of Good Neighbor Pharmacy Sun Park Senior Vice President of Business Development Kathy H. Gaddes Vice President, Group General Counsel and...

  • Page 19
    ... of Directors Richard C. Gozon 5* Chairman of the Board, AmerisourceBergen Corporation Ornella Barra Executive Vice President of Walgreens Boots Alliance, Inc., and President and Chief Executive of Global Wholesale and International Retail Steven H. Collis 5 President and Chief Executive Officer...

  • Page 20
    4

  • Page 21
    ... Consolidated Balance Sheets Consolidated Statements of Cash Flows Summary Segment Information Reconciliation of Continuing Operations (GAAP) To Adjusted Continuing Operations (Non-GAAP) Cautionary Note Regarding Forward-Looking Statements page 20 page 21 page 22 page 23 page 24 page 25 5

  • Page 22
    ...Revenue Cost of goods sold Gross profit Operating expenses: Distribution, selling and administrative Depreciation Amortization Warrants Employee severance, litigation and other Operating... in the Company's Annual Report on Form 10-K as filed with the SEC for the Fiscal Year Ended September 30, 2014.

  • Page 23
    ..., 2013, respectively Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock, at cost: 2014 - 49,218,103 shares; 2013 -... financial statements in the Company's Annual Report on Form 10-K as filed with the SEC for the Fiscal Year Ended September 30, 2014. 21

  • Page 24
    ... credit facilities (17,584,500) Purchases of common stock (753,926) Exercises of stock options, including excess tax benefits of $46,341, $41,222, and $25,703, in fiscal 2014, 2013, and 2012, respectively 127,906 Cash dividends on common stock (214,469) Purchases of capped call options (211...

  • Page 25
    ... -13.3% Percentages of Revenue: Pharmaceutical Distribution Gross Profit Operating Expenses Operating Income Other Gross Profit Operating Expenses Operating Income AmerisourceBergen Corporation (GAAP) Gross Profit Operating Expenses Operating Income AmerisourceBergen Corporation (Non-GAAP) Gross...

  • Page 26
    ...) $(14,233) $ (0.06) $ Acquisition Related Intangibles Amortization $ - - - (24,387) 24,387 - - 24,387 9,246 $ 15,141 $ 0.06 Employee Severance, Litigation and Other $ - - Loss on Early Retirement of Debt GAAP Revenue Cost of goods sold Gross profit Operating expenses Operating income Other loss...

  • Page 27
    ... website at www.amerisourcebergen.com, or by calling the Company's Investor Relations Department at 610-727-7000. Investor Relations Stockholders, security analysts, portfolio managers and other investors desiring further information about the Company should contact Barbara Brungess, Vice President...

  • Page 28
    Where knowledge, reach and partnership shape healthcare delivery. AmerisourceBergen Corporation • P.O. Box 959 • Valley Forge, Pennsylvania 19482 • 610-727-7000 • www.amerisourcebergen.com