Cardinal Health (CAH) FY2011 results: revenue $102.6 billion, up 4.2% on the year
Cardinal Health Inc. (CAH) reported revenue of $102.6 billion for fiscal 2011, the year ended 30 June 2011, up 4.2% on the year before. Net income was $959 million, up 49.3%, and diluted earnings per share $2.72. The figures are the company's own, from the 10-K it filed with the SEC on 26 August 2011.
Revenue
$102.6 billion
+4.2% on the year
FY2008FY2011
Operating margin
1.5%
1.3% a year earlier
FY2008FY2011
Net income
$959 million
+49.3% on the year
FY2008FY2011
Diluted EPS
$2.72
+53.7% on the year
FY2008FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
102,644
98,503
95,992
+4.2%
Cost of revenue
98,482
94,722
92,244
+4.0%
Gross profit
4,162
3,781
3,748
+10.1%
Gross margin
4.1%
3.8%
3.9%
Selling, general and administrative
2,528
2,397
2,320
+5.5%
Operating income
1,514
1,307
1,287
+15.8%
Operating margin
1.5%
1.3%
1.3%
Interest expense
93.0
113
114
-17.7%
Pre-tax income
1,518
1,212
1,160
+25.3%
Income tax
552
625
402
-11.6%
Effective tax rate
36.4%
51.6%
34.6%
Net income
959
642
1,152
+49.3%
Net margin
0.9%
0.7%
1.2%
Diluted EPS
$2.72
$1.77
$3.18
+53.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
1,395
2,134
1,424
-34.7%
Capital expenditure
291
260
421
+11.9%
Free cash flow
1,103
1,874
1,003
-41.1%
Free cash flow margin
1.1%
1.9%
1.0%
Cash from investing
-2,028
127
-543
Cash from financing
-193
-728
-468
Depreciation and amortisation
313
254
226
+23.2%
Share-based compensation
80.0
100
110
-20.0%
Buybacks
270
230
0.0
+17.2%
Dividends paid
274
253
200
+8.3%
Dividend per share
$0.78
$0.70
$0.56
+11.4%
Diluted shares, weighted
352m
361m
362m
-2.5%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
5,849
5,276
8,725
+10.9%
Debt
2,502
2,129
3,638
+17.5%
Other liabilities
14,495
12,585
12,756
+15.2%
Total liabilities and equity
22,846
19,990
25,119
+14.3%
Fixed assets
1,512
1,469
1,464
+3.0%
Goodwill
3,846
2,205
2,196
+74.4%
Intangible assets
413
47.8
70.4
+764.9%
Investments
0.0
692
0.0
Cash and equivalents
1,929
2,755
1,222
-30.0%
Receivables
6,156
5,171
5,215
+19.1%
Inventory
7,334
6,356
6,833
+15.4%
Other assets
1,656
1,295
8,118
+27.8%
Total assets
22,846
19,990
25,119
+14.3%
10-K for the year ended 30 June 2011, filed 26 August 2011: the filing.