Cardinal Health 2011 Annual Report Download - page 82

Th
e resu
l
ts
i
nc
l
u
d
e
di
n
di
scont
i
nue
d
operat
i
ons o
f
t
h
e PTS
b
us
i
ness
f
or
fi
sca
l
2010 an
d
2009, an
d
Mart
i
n
d
a
l
e
f
or
fi
sca
l
2011
,
2010 an
d
2009
,
are summar
i
ze
d
as
f
o
ll
ows:
Fiscal Year Ended
June
30,
(
in millions
)
2011
(
1
)
20
1
0
2009
R
evenu
e
..............................................................
$
0.0 $99.1 $100.
5
Earn
i
ngs
b
e
f
ore
i
ncome taxes
.
............................................
0
.
5
4
7.
01
7.
4
I
ncome tax expense .....................................................
0
.
0
(6
.8
)(
8.
6)
Earnings from discontinued operations
.
..................................... 0.
5
4
0.2 8.
8
(1) Reflects subsequent chan
g
es in certain estimates made at the time of sale
.
T
here were no assets and liabilities from businesses held for sale for PTS Business, Martindale o
r
Spec
i
a
l
tyScr
i
pts at June 30, 2011 an
d
2010.
6
. GOODWILL AND OTHER INTANGIBLE A
SS
ET
S
G
oo
d
wi
ll
T
he followin
g
table summarizes the chan
g
es in the carr
y
in
g
amount of
g
oodwill, in total and b
y
se
g
ment
,
d
ur
i
n
gfi
sca
l
2011 an
d
2010
:
(
in millions
)
Ph
a
rm
aceu
t
ica
l M
edica
l
To
t
al
B
alance at June 30, 200
9
.........................................
$
1,232.8 $963.7 $2,196.
5
Goo
d
w
ill
acqu
i
re
d
, net o
f
purc
h
ase pr
i
ce a
dj
ustment
s
...................
33
.
30
.
033
.
3
F
ore
i
gn currency trans
l
at
i
on a
dj
ustments an
d
ot
h
e
r
.
...................
.
(
17.7
)(6
.7
)(
24.4
)
B
a
l
ance at June 30
,
201
0
.........................................
1,
248.4 957.0 2
,
205.
4
Goo
d
w
ill
acqu
i
re
d
, net o
f
purc
h
ase pr
i
ce a
dj
ustment
s
.
.................
.
1,
598.5 33.0 1
,
631.
5
F
oreign currency translation adjustments and othe
r
.
....................
5
.8 2.9 8.7
B
a
l
ance at June 30
,
2011
.
.......................................
.
$
2
,
852.7
$
992.9
$
3
,
845.6
T
he increase in the Pharmaceutical se
g
ment in fiscal 2011 is primaril
y
due to the acquisitions of Kinra
y
,
Yon
g
Yu and P4 Healthcare. Goodwill reco
g
nized in connection with these acquisitions primaril
y
represents the
expecte
db
ene
fi
t
f
rom synerg
i
es o
fi
ntegrat
i
ng t
h
ese
b
us
i
nesses as we
ll
as t
h
eex
i
st
i
ng wor
kf
orce o
f
t
h
e acqu
i
re
d
ent
i
t
i
es. See Note 2
f
or
f
urt
h
er
di
scuss
i
on o
f
t
h
ese acqu
i
s
i
t
i
ons.
O
ther Intan
g
ible Assets
I
ntan
g
ible assets with definite lives are amortized over their useful lives, which ran
g
e from two to twent
y
y
ears. The detail of other intan
g
ible assets b
y
class as of June 30, 2011 and 2010 is as follows
:
June 30, 201
1
June 30, 201
0
(
in millions)
G
ross
Intan
gi
ble
Accumulate
d
Amort
i
zat
i
o
n
N
e
t
I
ntan
gi
bl
e
G
ross
Intan
gi
ble
Accumulate
d
A
mort
i
zat
i
o
n
N
e
t
I
ntan
gi
bl
e
I
n
d
e
fi
n
i
te
lif
e
i
ntang
ibl
es:
T
rademarks and
p
atents
.
............
$
26.5 $ 0.0 $ 26.5 $ 10.2 $ 0.0 $10.
2
T
otal indefinite life intangibles . . . 26.5 0.0 26.5 10.2 0.0 10.
2
Definite life intan
g
ibles
:
T
rademarks and
p
atent
s
.....
43.4 2
5
.2 18.2 20.3 14.1 6.
2
Non-compete a
g
reements
....
14.
05
.4
8
.
63
.
8
2.
8
1.
0
Customer re
l
at
i
ons
hi
p
s
.
.....
3
92.7 89.2 303.5 48.4 41.1 7.
3
O
the
r
.
...................
8
6.
5
29.9
5
6.6 47.2 24.1 23.
1
T
ota
ld
e
fi
n
i
te
lif
e
i
ntang
ibl
es .....
5
36.6 14
9
.7 386.
9
11
9
.7 82.1 37.
6
Tota
li
ntan
gibl
e
s
.......
$
563.1
$
149.7
$
413.4
$
129.9
$
82.1
$
47.8
56