McKesson 2010 Annual Report Download - page 31

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McKESSON CORPORATION
25
In April 2008, the Board approved a plan to repurchase up to $1.0 billion of the Company’s common stock of
which $531 million remained available for future repurchases as of March 31, 2010. During the fourth quarter of
2010, the Company did not repurchase any shares of common stock. During 2010, the Company repurchased
approximately 8 million shares of its common stock at an average price of $41.47 for $299 million. In April 2010,
the Board authorized the repurchase of up to an additional $1.0 billion of the Company’s common stock. Stock
repurchases may be made from time-to-time in open market transactions, privately negotiated transactions, through
accelerated share repurchase programs, or by any combination of such methods. The timing of any repurchases and
the actual number of shares repurchased will depend on a variety of factors, including our stock price, corporate and
regulatory requirements, restrictions under our debt obligations and other market and economic conditions.
(f) Stock Price Performance Graph*: The following graph compares the cumulative total stockholder return on
the Company’s common stock for the periods indicated with the Standard & Poor’s 500 Index and the Value
Line Healthcare Sector Index (composed of 154 companies in the health care industry, including the Company).
March 31,
2005 2006 2007 2008 2009 2010
McKesson
Corporation $ 100.00 $ 138.80 $ 156.61 $ 140.65 $ 95.11 $ 179.99
S&P 500 Index $ 100.00 $ 111.73 $ 124.95 $ 118.60 $ 73.43 $ 109.97
Value Line
Healthcare
Sector Index $ 100.00 $ 111.54 $ 117.82 $ 111.76 $ 85.43 $ 118.37
∗ Assumes $100 invested in McKesson’s common stock and in each index on March 31, 2005 and that all dividends are
reinvested.
$0.00
$40.00
$80.00
$120.00
$160.00
$200.00
2005 2006 2007 2008 2009 2010
McKesson Corporation
S&P 500 Index
Value Line Healthcare Sector Index