Cencora (COR) FY2014 results: revenue $119.6 billion, up 35.9% on the year
Cencora, Inc. (COR) reported revenue of $119.6 billion for fiscal 2014, the year ended 30 September 2014, up 35.9% on the year before. Net income was $274 million, down 36.8%, and diluted earnings per share $1.16. The figures are the company's own, from the 10-K it filed with the SEC on 25 November 2014.
Revenue
$119.6 billion
+35.9% on the year
FY2007FY2014
Operating margin
0.7%
1.0% a year earlier
FY2007FY2014
Net income
$274 million
-36.8% on the year
FY2007FY2014
Diluted EPS
$1.16
-37.0% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
119,569
87,959
78,081
+35.9%
Cost of revenue
116,587
85,451
75,446
+36.4%
Gross profit
2,982
2,508
2,635
+18.9%
Gross margin
2.5%
2.9%
3.4%
Selling, general and administrative
1,581
1,334
1,153
+18.5%
Operating income
782
898
1,304
-12.9%
Operating margin
0.7%
1.0%
1.7%
Pre-tax income
670
824
1,217
-18.8%
Income tax
388
331
455
+17.2%
Effective tax rate
57.9%
40.2%
37.4%
Net income
274
434
719
-36.8%
Net margin
0.2%
0.5%
0.9%
Diluted EPS
$1.16
$1.84
$2.80
-37.0%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,463
788
1,305
+85.6%
Capital expenditure
264
202
133
+30.6%
Free cash flow
1,199
586
1,172
+104.7%
Free cash flow margin
1.0%
0.7%
1.5%
Cash from investing
-384
117
-948
Cash from financing
-503
-741
-1,117
Depreciation and amortisation
189
162
134
+16.3%
Share-based compensation
43.1
36.3
26.0
+18.8%
Buybacks
754
484
1,162
+55.7%
Dividends paid
214
196
133
+9.6%
Dividend per share
$0.94
$0.84
$0.52
+11.9%
Diluted shares, weighted
235m
235m
257m
+0.0%
Shares outstanding at period end
222m
230m
235m
-3.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,943
2,308
2,457
-15.8%
Short-term borrowings
n/a
0.0
n/a
Debt
1,996
1,397
1,396
+42.9%
Other liabilities
17,594
15,214
11,591
+15.6%
Total liabilities and equity
21,532
18,919
15,444
+13.8%
Fixed assets
900
804
744
+11.9%
Goodwill
2,949
2,945
2,943
+0.1%
Intangible assets
533
555
580
-3.9%
Securities held for sale or to maturity
0.0
n/a
n/a
Cash and equivalents
1,809
1,231
1,067
+46.9%
Receivables
6,313
6,052
3,785
+4.3%
Inventory
8,594
6,981
5,472
+23.1%
Other assets
436
351
854
+24.1%
Total assets
21,532
18,919
15,444
+13.8%
10-K for the year ended 30 September 2014, filed 25 November 2014: the filing.