McKesson 2013 Annual Report Download - page 32

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26
McKESSON CORPORATION
Item 6. Selected Financial Data.
FIVE-YEAR HIGHLIGHTS
As of and for the Years Ended March 31,
(In millions, except per share data and ratios) 2013 2012 2011 2010 2009
Operating Results
Revenues $ 122,455 $ 122,734 $ 112,084 $ 108,702 $ 106,632
Percent change (0.2)% 9.5% 3.1% 1.9 % 4.8%
Gross profit $ 6,984 $ 6,567 $ 5,970 $ 5,676 $ 5,378
Income from continuing operations before income taxes 1,919 1,919 1,635 1,864 1,064
Income after income taxes
Continuing operations 1,338 1,403 1,130 1,263 823
Discontinued operation
—
— 72
—
—
Net income 1,338 1,403 1,202 1,263 823
Financial Position
Working capital $ 1,813 $ 1,917 $ 3,631 $ 4,492 $ 3,065
Days sales outstanding for: (1)
Customer receivables 26 24 25 25 24
Inventories 33 31 31 34 31
Drafts and accounts payable 51 49 47 48 43
Total assets $34,786 $33,093 $30,886 $ 28,189 $ 25,267
Total debt, including capital lease obligations 4,873 3,980 4,004 2,297 2,512
Stockholders' equity 7,070 6,831 7,220 7,532 6,193
Property acquisitions 246 225 233 199 195
Acquisitions, net of cash and cash equivalents acquired 1,873 1,156 292 18 358
Common Share Information
Common shares outstanding at year-end 227 235 252 271 271
Shares on which earnings per common share were based
Diluted 239 251 263 273 279
Basic 235 246 258 269 275
Diluted earnings per common share (2)
Continuing operations $5.59 $5.59 $4.29 $ 4.62 $ 2.95
Discontinued operation
—
— 0.28
—
—
Total 5.59 5.59 4.57 4.62 2.95
Cash dividends declared 192 202 188 131 134
Cash dividends declared per common share 0.80 0.80 0.72 0.48 0.48
Book value per common share (2) (3) 31.15 29.07 28.65 27.79 22.87
Market value per common share - year end 107.96 87.77 79.05 65.72 35.04
Supplemental Data
Capital employed (4) $ 11,943 $ 10,811 $ 11,224 $ 9,829 $ 8,705
Debt to capital ratio (5) 40.8 % 36.8% 35.7% 23.4 % 28.9%
Net debt to net capital employed (6) 25.5 % 10.8% 5.1% (23.5)% 6.1%
Average stockholders' equity (7) $7,294 $7,108 $7,105 $ 6,768 $ 6,214
Return on stockholders' equity (8) 18.3 % 19.7% 16.9% 18.7 % 13.2%
Footnotes to Five-Year Highlights:
(1) Based on year-end balances and sales or cost of sales for the last 90 days of the year.
(2) Certain computations may reflect rounding adjustments.
(3) Represents stockholders' equity divided by year-end common shares outstanding.
(4) Consists of the sum of total debt and stockholders' equity.
(5) Ratio is computed as total debt divided by capital employed.
(6) Ratio is computed as total debt, net of cash and cash equivalents (“net debt”), divided by the sum of net debt and stockholders' equity (“net
capital employed”).
(7) Represents a five-quarter average of stockholders' equity.
(8) Ratio is computed as net income divided by a five-quarter average of stockholders' equity.