McKesson 2016 Annual Report Download - page 69

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McKESSON CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
Years Ended March 31,
2016 2015 2014
Revenues $ 190,884 $ 179,045 $ 137,392
Cost of Sales (179,468) (167,634) (129,040)
Gross Profit 11,416 11,411 8,352
Operating Expenses
Selling, distribution and administrative expenses (7,276) (7,901) (5,388)
Research and development (392) (392) (457)
Restructuring charges (203) — —
Claim and litigation charges — (150) (68)
Total Operating Expenses (7,871) (8,443) (5,913)
Operating Income 3,545 2,968 2,439
Other Income, Net 58 63 32
Interest Expense (353) (374) (300)
Income from Continuing Operations Before Income Taxes 3,250 2,657 2,171
Income Tax Expense (908) (815) (757)
Income from Continuing Operations 2,342 1,842 1,414
Loss from Discontinued Operations, Net of Tax (32) (299) (156)
Net Income 2,310 1,543 1,258
Net (Income) Loss Attributable to Noncontrolling Interests (52) (67) 5
Net Income Attributable to McKesson Corporation $ 2,258 $ 1,476 $ 1,263
Earnings (Loss) Per Common Share Attributable to McKesson
Corporation
Diluted
Continuing operations $ 9.84 $ 7.54 $ 6.08
Discontinued operations (0.14) (1.27) (0.67)
Total $ 9.70 $ 6.27 $ 5.41
Basic
Continuing operations $ 9.96 $ 7.66 $ 6.19
Discontinued operations (0.14) (1.29) (0.68)
Total $ 9.82 $ 6.37 $ 5.51
Weighted Average Common Shares
Diluted 233 235 233
Basic 230 232 229
See Financial Notes
63