Cencora (COR) FY2011 results: revenue $78.7 billion, up 2.9% on the year
Cencora, Inc. (COR) reported revenue of $78.7 billion for fiscal 2011, the year ended 30 September 2011, up 2.9% on the year before. Net income was $707 million, up 11.0%, and diluted earnings per share $2.54. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2011.
Revenue
$78.7 billion
+2.9% on the year
FY2007FY2011
Operating margin
1.5%
1.4% a year earlier
FY2007FY2011
Net income
$707 million
+11.0% on the year
FY2007FY2011
Diluted EPS
$2.54
+14.4% on the year
FY2007FY2011
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
78,696
76,496
71,760
+2.9%
Cost of revenue
76,237
74,218
69,660
+2.7%
Gross profit
2,459
2,278
2,100
+7.9%
Gross margin
3.1%
3.0%
2.9%
Selling, general and administrative
1,138
1,113
1,120
+2.3%
Operating income
1,190
1,087
884
+9.4%
Operating margin
1.5%
1.4%
1.2%
Pre-tax income
1,118
1,012
824
+10.5%
Income tax
420
385
312
+9.2%
Effective tax rate
37.6%
38.1%
37.9%
Net income
707
637
503
+11.0%
Net margin
0.9%
0.8%
0.7%
Diluted EPS
$2.54
$2.22
$1.66
+14.4%
$ 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
1,168
1,109
784
+5.4%
Capital expenditure
156
176
146
-11.1%
Free cash flow
1,012
933
638
+8.5%
Free cash flow margin
1.3%
1.2%
0.9%
Cash from investing
-212
-184
-148
Cash from financing
-788
-275
-504
Depreciation and amortisation
101
79.5
90.0
+27.5%
Share-based compensation
27.3
29.7
27.1
-8.3%
Buybacks
841
470
450
+78.7%
Dividends paid
118
90.6
62.7
+29.8%
Dividend per share
$0.43
$0.32
$0.21
+34.4%
Diluted shares, weighted
278m
287m
303m
-3.3%
Shares outstanding at period end
261m
278m
288m
-6.0%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
2,867
2,954
2,716
-3.0%
Debt
1,365
1,344
1,178
+1.6%
Other liabilities
10,751
10,137
9,678
+6.1%
Total liabilities and equity
14,983
14,435
13,573
+3.8%
Fixed assets
664
712
619
-6.8%
Goodwill
2,497
2,475
2,542
+0.9%
Intangible assets
281
301
317
-6.8%
Cash and equivalents
1,826
1,658
1,009
+10.1%
Receivables
3,676
3,827
3,917
-4.0%
Inventory
5,320
5,210
4,973
+2.1%
Other assets
719
252
196
+185.7%
Total assets
14,983
14,435
13,573
+3.8%
10-K for the year ended 30 September 2011, filed 22 November 2011: the filing.