AmerisourceBergen 2014 Annual Report Download - page 22

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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, 2014.
(in thousands, except per share data)
Fiscal year ended September 30, 2014 2013 2012
Revenue $119,569,127 $87,959,167 $78,080,806
Cost of goods sold 116,586,761 85,451,348 75,446,120
Gross profit 2,982,366 2,507,819 2,634,686
Operating expenses:
Distribution, selling and administrative 1,587,261 1,333,712 1,152,556
Depreciation 159,328 135,047 112,828
Amortization 25,962 27,139 21,547
Warrants 422,739 90,055 —
Employee severance, litigation and other 8,192 23,467 44,140
Operating income 778,884 898,399 1,303,615
Other (income) loss (4,360) 44 (5,827)
Interest expense, net 76,862 73,897 92,569
Loss on early retirement of debt 32,954 — —
Income from continuing operations before income taxes 673,428 824,458 1,216,873
Income taxes 389,398 331,023 455,512
Income from continuing operations 284,030 493,435 761,361
Loss from discontinued operations, net of income tax expense
of $0, $9,638, and $4,841 for fiscal 2014, 2013, and 2012, respectively (7,546) (59,728) (42,375)
Net income $ 276,484 $ 433,707 $ 718,986
Earnings per share:
Basic earnings per share:
Continuing operations $ 1.25 $ 2.14 $ 3.01
Discontinued operations (0.03) (0.26) (0.17)
Total $ 1.22 $ 1.88 $ 2.84
Diluted earnings per share:
Continuing operations $ 1.21 $ 2.10 $ 2.96
Discontinued operations (0.03) (0.25) (0.16)
Rounding (0.01) (0.01) —
Total $ 1.17 $ 1.84 $ 2.80
Weighted average common shares outstanding:
Basic 227,367 231,067 252,906
Diluted 235,405 235,345 256,903
20
Consolidated Statements of Operations