Cencora (COR) FY2013 results: revenue $88.0 billion, up 12.7% on the year
Cencora, Inc. (COR) reported revenue of $88.0 billion for fiscal 2013, the year ended 30 September 2013, up 12.7% on the year before. Net income was $434 million, down 39.7%, and diluted earnings per share $1.84. The figures are the company's own, from the 10-K it filed with the SEC on 26 November 2013.
Revenue
$88.0 billion
+12.7% on the year
FY2007FY2013
Operating margin
1.0%
1.7% a year earlier
FY2007FY2013
Net income
$434 million
-39.7% on the year
FY2007FY2013
Diluted EPS
$1.84
-34.3% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
87,959
78,081
78,696
+12.7%
Cost of revenue
85,451
75,446
76,237
+13.3%
Gross profit
2,508
2,635
2,459
-4.8%
Gross margin
2.9%
3.4%
3.1%
Selling, general and administrative
1,334
1,153
1,138
+15.7%
Operating income
898
1,304
1,190
-31.1%
Operating margin
1.0%
1.7%
1.5%
Pre-tax income
824
1,217
1,118
-32.2%
Income tax
331
455
420
-27.2%
Effective tax rate
40.2%
37.4%
37.6%
Net income
434
719
707
-39.7%
Net margin
0.5%
0.9%
0.9%
Diluted EPS
$1.84
$2.80
$2.54
-34.3%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
788
1,305
1,168
-39.6%
Capital expenditure
202
133
156
+51.9%
Free cash flow
586
1,172
1,012
-50.0%
Free cash flow margin
0.7%
1.5%
1.3%
Cash from investing
117
-948
-212
Cash from financing
-741
-1,117
-788
Depreciation and amortisation
162
134
101
+20.7%
Share-based compensation
36.3
26.0
27.3
+39.8%
Buybacks
484
1,162
841
-58.3%
Dividends paid
196
133
118
+47.4%
Dividend per share
$0.84
$0.52
$0.43
+61.5%
Diluted shares, weighted
235m
257m
278m
-8.4%
Shares outstanding at period end
230m
235m
261m
-2.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,308
2,457
2,867
-6.0%
Short-term borrowings
0.0
n/a
n/a
Debt
1,397
1,396
1,365
+0.0%
Other liabilities
15,214
11,591
10,751
+31.3%
Total liabilities and equity
18,919
15,444
14,983
+22.5%
Fixed assets
804
744
664
+8.1%
Goodwill
2,945
2,943
2,497
+0.1%
Intangible assets
555
580
281
-4.4%
Cash and equivalents
1,231
1,067
1,826
+15.4%
Receivables
6,052
3,785
3,676
+59.9%
Inventory
6,981
5,472
5,320
+27.6%
Other assets
351
854
719
-58.9%
Total assets
18,919
15,444
14,983
+22.5%
10-K for the year ended 30 September 2013, filed 26 November 2013: the filing.