Cencora (COR) FY2017 results: revenue $153.1 billion, up 4.3% on the year
Cencora, Inc. (COR) reported revenue of $153.1 billion for fiscal 2017, the year ended 30 September 2017, up 4.3% on the year before. Net income was $364 million, down 74.5%, and diluted earnings per share $1.64. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2017.
Revenue
$153.1 billion
+4.3% on the year
FY2010FY2017
Operating margin
0.7%
1.0% a year earlier
FY2010FY2017
Net income
$364 million
-74.5% on the year
FY2010FY2017
Diluted EPS
$1.64
-74.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
153,144
146,850
135,962
+4.3%
Cost of revenue
148,598
142,577
132,432
+4.2%
Gross profit
4,546
4,273
3,529
+6.4%
Gross margin
3.0%
2.9%
2.6%
Selling, general and administrative
2,129
2,091
1,908
+1.8%
Operating income
1,060
1,526
422
-30.5%
Operating margin
0.7%
1.0%
0.3%
Pre-tax income
918
1,391
269
-34.0%
Income tax
553
-37.0
407
Effective tax rate
60.3%
-2.7%
151.4%
Net income
364
1,428
-138
-74.5%
Net margin
0.2%
1.0%
-0.1%
Diluted EPS
$1.64
$6.32
-$0.63
-74.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,504
3,178
3,920
-52.7%
Capital expenditure
466
465
232
+0.4%
Free cash flow
1,038
2,714
3,689
-61.8%
Free cash flow margin
0.7%
1.8%
2.7%
Cash from investing
-498
-3,169
-2,931
Cash from financing
-1,313
565
-632
Depreciation and amortisation
398
365
249
+9.0%
Share-based compensation
62.2
65.0
60.9
-4.3%
Buybacks
330
2,266
1,859
-85.4%
Dividends paid
320
288
254
+11.0%
Dividend per share
$1.46
$1.36
$1.16
+7.4%
Diluted shares, weighted
222m
226m
218m
-1.9%
Shares outstanding at period end
218m
220m
207m
-0.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,064
2,129
616
-3.0%
Non-controlling interest
0.0
n/a
n/a
Debt
3,442
4,187
3,493
-17.8%
Other liabilities
29,810
27,340
23,854
+9.0%
Total liabilities and equity
35,316
33,656
27,963
+4.9%
Fixed assets
1,798
1,531
1,193
+17.5%
Goodwill
6,044
5,991
4,144
+0.9%
Intangible assets
2,833
2,968
1,993
-4.5%
Securities held for sale or to maturity
n/a
n/a
86.2
Cash and equivalents
2,435
2,742
2,167
-11.2%
Receivables
10,303
9,176
8,223
+12.3%
Inventory
11,461
10,724
9,755
+6.9%
Other assets
441
525
401
-15.9%
Total assets
35,316
33,656
27,963
+4.9%
10-K for the year ended 30 September 2017, filed 21 November 2017: the filing.