Cencora (COR) FY2016 results: revenue $146.8 billion, up 8.0% on the year
Cencora, Inc. (COR) reported revenue of $146.8 billion for fiscal 2016, the year ended 30 September 2016, up 8.0% on the year before. Net income was $1.4 billion, and diluted earnings per share $6.32. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2016.
Revenue
$146.8 billion
+8.0% on the year
FY2009FY2016
Operating margin
1.0%
0.3% a year earlier
FY2009FY2016
Net income
$1.4 billion
FY2009FY2016
Diluted EPS
$6.32
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
146,850
135,962
119,569
+8.0%
Cost of revenue
142,577
132,432
116,587
+7.7%
Gross profit
4,273
3,529
2,982
+21.1%
Gross margin
2.9%
2.6%
2.5%
Selling, general and administrative
2,091
1,908
1,581
+9.6%
Operating income
1,526
422
782
+261.4%
Operating margin
1.0%
0.3%
0.7%
Pre-tax income
1,391
269
670
+417.1%
Income tax
-37.0
407
388
Effective tax rate
-2.7%
151.4%
57.9%
Net income
1,428
-138
274
Net margin
1.0%
-0.1%
0.2%
Diluted EPS
$6.32
-$0.63
$1.16
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,178
3,920
1,463
-18.9%
Capital expenditure
465
232
264
+100.6%
Free cash flow
2,714
3,689
1,199
-26.4%
Free cash flow margin
1.8%
2.7%
1.0%
Cash from investing
-3,169
-2,931
-384
Cash from financing
565
-632
-503
Depreciation and amortisation
365
249
189
+46.7%
Share-based compensation
65.0
60.9
43.1
+6.6%
Buybacks
2,266
1,859
754
+21.9%
Dividends paid
288
254
214
+13.6%
Dividend per share
$1.36
$1.16
$0.94
+17.2%
Diluted shares, weighted
226m
218m
235m
+3.8%
Shares outstanding at period end
220m
207m
222m
+6.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,129
616
1,943
+245.5%
Debt
4,187
3,493
1,996
+19.9%
Other liabilities
27,340
23,854
17,594
+14.6%
Total liabilities and equity
33,656
27,963
21,532
+20.4%
Fixed assets
1,531
1,193
900
+28.4%
Goodwill
5,991
4,144
2,949
+44.6%
Intangible assets
2,968
1,993
533
+48.9%
Securities held for sale or to maturity
n/a
86.2
0.0
Cash and equivalents
2,742
2,167
1,809
+26.5%
Receivables
9,176
8,223
6,313
+11.6%
Inventory
10,724
9,755
8,594
+9.9%
Other assets
525
401
436
+30.7%
Total assets
33,656
27,963
21,532
+20.4%
10-K for the year ended 30 September 2016, filed 22 November 2016: the filing.