McKesson 2005 Annual Report Download - page 69

McKESSON CORPORATION
FINANCIAL NOTES (Continued)
The computations for basic and diluted earnings (loss) per share from continuing operations are as follows:
Approximately 37.8 million and 33.3 million stock options were excluded from the computations of diluted net earnings per share in 2004
and 2003 as their exercise price was higher than the Company’s average stock price.
9. Receivables, net
The allowances are for uncollectible accounts, discounts, returns, refunds, customer settlements and other adjustments.
10. Property, Plant and Equipment, net
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Years Ended March 31,
(In millions, except per share amounts) 2005 2004 2003
Income (loss) from continuing operations $ (156.7) $ 646.5 $ 562.1
Interest expense on convertible junior subordinated debentures, net of tax benefit — 6.2 6.2
Income (loss) from continuing operations
–
diluted $(156.7) $ 652.7 $568.3
Weighted average common shares outstanding:
Basic 293.5 290.0 289.3
Effect of dilutive securities:
Options to purchase common stock — 2.8 3.5
Convertible junior subordinated debentures — 5.4 5.4
Restricted stock — 0.4 0.6
Dilute
d
293.5 298.6 298.8
Earnings (loss) per share from continuing operations:
Basic $ (0.53) $ 2.23 $ 1.94
Dilute
d
(0.53) 2.19 1.90
March 31,
(In millions) 2005 2004
Customer accounts $5,281.6 $4,986.1
Other 609.2 609.5
Total 5,890.8 5,595.6
Allowances (159.3) (176.8)
Net $5,731.5 $5,418.8
March 31,
(In millions) 2005 2004
Land $ 35.8 $34.2
Building, machinery and equipment 1,398.3 1,289.1
Total property, plant and equipment 1,434.1 1,323.3
Accumulated depreciation (803.6) (723.4)
Property, plant and equipment, net $ 630.5 $599.9