Cencora (COR) FY2018 results: revenue $167.9 billion, up 9.7% on the year
Cencora, Inc. (COR) reported revenue of $167.9 billion for fiscal 2018, the year ended 30 September 2018, up 9.7% on the year before. Net income was $1.7 billion, up 355.0%, and diluted earnings per share $7.53. The figures are the company's own, from the 10-K it filed with the SEC on 20 November 2018.
Revenue
$167.9 billion
+9.7% on the year
FY2011FY2018
Operating margin
0.9%
0.7% a year earlier
FY2011FY2018
Net income
$1.7 billion
+355.0% on the year
FY2011FY2018
Diluted EPS
$7.53
+359.1% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
167,940
153,144
146,850
+9.7%
Cost of revenue
163,327
148,598
142,577
+9.9%
Gross profit
4,612
4,546
4,273
+1.5%
Gross margin
2.7%
3.0%
2.9%
Selling, general and administrative
2,460
2,129
2,091
+15.6%
Operating income
1,444
1,060
1,526
+36.2%
Operating margin
0.9%
0.7%
1.0%
Pre-tax income
1,177
918
1,391
+28.3%
Income tax
-438
553
-37.0
Effective tax rate
-37.2%
60.3%
-2.7%
Net income
1,658
364
1,428
+355.0%
Net margin
1.0%
0.2%
1.0%
Diluted EPS
$7.53
$1.64
$6.32
+359.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,411
1,504
3,178
-6.2%
Capital expenditure
336
466
465
-27.9%
Free cash flow
1,075
1,038
2,714
+3.6%
Free cash flow margin
0.6%
0.7%
1.8%
Cash from investing
-1,111
-498
-3,169
Cash from financing
-243
-1,313
565
Depreciation and amortisation
465
398
365
+17.0%
Share-based compensation
62.3
62.2
65.0
+0.2%
Buybacks
639
330
2,266
+93.7%
Dividends paid
333
320
288
+4.0%
Dividend per share
$1.52
$1.46
$1.36
+4.1%
Diluted shares, weighted
220m
222m
226m
-0.6%
Shares outstanding at period end
213m
218m
220m
-2.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
2,933
2,064
2,129
+42.1%
Non-controlling interest
117
0.0
n/a
Debt
4,310
3,442
4,187
+25.2%
Finance lease liabilities
352
n/a
n/a
Other liabilities
29,957
29,810
27,340
+0.5%
Total liabilities and equity
37,670
35,316
33,656
+6.7%
Fixed assets
1,892
1,798
1,531
+5.3%
Goodwill
6,664
6,044
5,991
+10.3%
Intangible assets
2,948
2,833
2,968
+4.0%
Cash and equivalents
2,493
2,435
2,742
+2.4%
Receivables
11,314
10,303
9,176
+9.8%
Inventory
11,919
11,461
10,724
+4.0%
Other assets
440
441
525
-0.2%
Total assets
37,670
35,316
33,656
+6.7%
10-K for the year ended 30 September 2018, filed 20 November 2018: the filing.