McKesson 2005 Annual Report Download - page 53
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McKESSON CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
See Financial Notes
53
Years Ended March 31,
2005 2004 2003
Revenues $80,514.6 $69,506.1 $57,120.8
Cost of Sales 77,049.9 66,257.9 54,018.3
Gross Profit 3,464.7 3,248.2 3,102.5
Operating Expenses
Selling 550.1 513.1 499.0
Distribution 676.0 625.7 571.7
Research and developmen
t
182.0 172.7 149.4
Administrative 1,047.1 953.3 949.4
Securities Litigation charge 1,200.0
—
—
Total 3,655.2 2,264.8 2,169.5
Operating Income (Loss) (190.5) 983.4 933.0
Interest Expense (118.0) (120.2) (128.1)
Gain (Loss) on Investments, Ne
t
— (1.2)1.4
Other Income, Net 68.7 49.4 45.1
Income (Loss) from Continuing Operations Before Income Taxes (239.8) 911.4 851.4
Income Tax Benefit (Provision) 83.1 (264.9) (289.3)
Income (Loss) After Income Taxes
Continuing operations (156.7) 646.5 562.1
Discontinued operations —
—
(3.0)
Discontinued operations – loss on sale — — (3.7)
Net Income (Loss) $(156.7) $ 646.5 $555.4
Earnings (Loss) Per Common Share
Diluted
Continuing operations $ (0.53) $ 2.19 $ 1.90
Discontinued operations —
—
(0.01)
Discontinued operations – loss on sale — — (0.01)
Total $(0.53) $ 2.19 $1.88
Basic
Continuing operations $(0.53) $ 2.23 $1.94
Discontinued operations —
—
(0.01)
Discontinued operations – loss on sale — — (0.01)
Total $ (0.53) $ 2.23 $ 1.92
Weighted Average Shares
Dilute
d
293.5 298.6 298.8
Basic 293.5 290.0 289.3