McKesson 2013 Annual Report Download - page 109

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103
McKESSON CORPORATION
FINANCIAL NOTES (Continued)
Financial information relating to our reportable operating segments and reconciliations to the consolidated totals is as follows:
Years Ended March 31,
(In millions) 2013 2012 2011
Revenues
Distribution Solutions (1)
Direct distribution & services $86,816 $ 85,523 $ 77,554
Sales to customers’ warehouses 18,646 20,453 18,631
Total U.S. pharmaceutical distribution & services 105,462 105,976 96,185
Canada pharmaceutical distribution & services 9,981 10,303 9,784
Medical-Surgical distribution & services 3,611 3,145 2,920
Total Distribution Solutions 119,054 119,424 108,889
Technology Solutions
Services 2,724 2,594 2,483
Software & software systems 576 596 590
Hardware 101 120 122
Total Technology Solutions 3,401 3,310 3,195
Total Revenues $ 122,455 $ 122,734 $ 112,084
Operating profit
Distribution Solutions (2) $ 2,197 $ 2,219 $ 1,897
Technology Solutions 297 364 301
Total 2,494 2,583 2,198
Corporate Expenses, Net (335) (413) (341)
Interest expense (240) (251) (222)
Income From Continuing Operations Before Income Taxes $ 1,919 $ 1,919 $ 1,635
Depreciation and amortization (3)
Distribution Solutions $ 265 $ 225 $ 167
Technology Solutions 206 209 209
Corporate 120 117 120
Total $ 591 $ 551 $ 496
Expenditures for long-lived assets (4)
Distribution Solutions $ 163 $ 175 $ 158
Technology Solutions 42 22 26
Corporate 41 28 49
Total $ 246 $ 225 $ 233
Revenues, net by geographic area (5)
United States $112,283 $ 112,230 $ 102,089
International 10,172 10,504 9,995
Total $122,455 $ 122,734 $ 112,084
(1) Revenues derived from services represent less than 2% of this segment’s total revenues.
(2) Operating profit for 2013 and 2011 includes the receipt of $44 million and $51 million representing our share of settlements of antitrust class
action lawsuits brought against drug manufacturers, which were recorded as a reduction to cost of sales.
(3) Amounts primarily include amortization of acquired intangible assets purchased in connection with acquisitions, capitalized software held for
sale and capitalized software for internal use.
(4) Long-lived assets consist of property, plant and equipment.
(5) Net revenues were attributed to geographic areas based on the customers' shipment locations.