McKesson 2006 Annual Report Download - page 13

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McKESSON CORPORATION
PART II
On April 26, 2006, the Company’s Board of Directors approved an additional share repurchase plan of up to $500 million of the Company’s
common stock.
Selected financial data is presented in the Five-Year Highlights section of this Annual Report on Form 10-K.
Management’s discussion and analysis of the Company’s results of operations and financial condition are presented in the Financial Review
section of this Annual Report on Form 10-K.
Information required by this item is included in the Financial Review section of this Annual Report on Form 10-K.
12
Item 5. Market for the Re
g
istrant’s Common E
q
uit
y
, Related Stockholder Matters and Issuer Purchases of E
q
uit
y
Securities
(a)
M
arket Information: The principal market on which the Company’s common stock is traded is the New York Stock Exchange (“NYSE”).
The Company’s common stock is also traded on the Pacific Exchange, Inc. High and low prices for the common stock by quarter are
included in Financial Note 22 to the consolidated financial statements, “Quarterly Financial Information (Unaudited),” appearing in this
Annual Report on Form 10-K.
(b)
H
olders: The number of record holders of the Company’s common stock at March 31, 2006 was approximately 10,750.
(c)
D
ividends: Dividend information is included in Financial Note 22 to the consolidated financial statements, “Quarterly Financial
Information (Unaudited),” appearing in this Annual Report on Form 10-K.
(d) Share Re
p
urchase Plans: The following table provides information on the Company’s share repurchases during the fourth quarter of 2006:
Share Re
p
urchases (2)
A
pp
roximate
Total Number of Dollar Value of
Shares Purchased Shares that Ma
y
As Part of Publicl
y
Yet Be Purchased
Total Number of Avera
g
e Price Paid Announced Under the
(In millions, exce
p
t
p
rice
p
er share) Shares Purchased Per Share Pro
g
ram Pro
g
rams(1)
January 1, 2006 — January 31, 2006 0.3 $52.98 0.3 $364.8
February 1, 2006 — February 28, 2006 5.4 53.76 5.4 73.4
March 1, 2006 — March 31, 2006 1.3 54.35 1.3 0.6
Total 7.0 53.85 7.0 0.6
(1) On August 29, 2005, December 5, 2005 and January 25, 2006, the Company’s Board of Directors approved plans to repurchase up to
$250 million per plan of the Company’s common stock. These plans have no expiration date. The Company completed its August 29,
2005 plan in the third quarter of 2006 and its December 5, 2005 plan in the fourth quarter of 2006.
(2) This table does not include shares tendered to satisfy the exercise price in connection with cashless exercises of employee stock options
or shares tendered to satisfy tax withholding obligations in connection with employee equity awards.
Item 6. Selected Financial Data
Item 7. Mana
g
ement’s Discussion and Anal
y
sis of Results of O
p
erations and Financial Condition
Item 7A. Quantitative and Qualitative Disclosures about Market Risk