Cencora (COR) FY2019 results: revenue $179.6 billion, up 6.9% on the year
Cencora, Inc. (COR) reported revenue of $179.6 billion for fiscal 2019, the year ended 30 September 2019, up 6.9% on the year before. Net income was $855 million, down 48.4%, and diluted earnings per share $4.04. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2019.
Revenue
$179.6 billion
+6.9% on the year
FY2012FY2019
Operating margin
0.6%
0.9% a year earlier
FY2012FY2019
Net income
$855 million
-48.4% on the year
FY2012FY2019
Diluted EPS
$4.04
-46.3% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
179,589
167,940
153,144
+6.9%
Cost of revenue
174,451
163,327
148,598
+6.8%
Gross profit
5,138
4,612
4,546
+11.4%
Gross margin
2.9%
2.7%
3.0%
Selling, general and administrative
2,664
2,460
2,129
+8.3%
Operating income
1,112
1,444
1,060
-23.0%
Operating margin
0.6%
0.9%
0.7%
Pre-tax income
967
1,177
918
-17.9%
Income tax
113
-438
553
Effective tax rate
11.7%
-37.2%
60.3%
Net income
855
1,658
364
-48.4%
Net margin
0.5%
1.0%
0.2%
Diluted EPS
$4.04
$7.53
$1.64
-46.3%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
2,344
1,411
1,504
+66.1%
Capital expenditure
310
336
466
-7.8%
Free cash flow
2,034
1,075
1,038
+89.2%
Free cash flow margin
1.1%
0.6%
0.7%
Cash from investing
-376
-1,111
-498
Cash from financing
-1,087
-243
-1,313
Depreciation and amortisation
462
465
398
-0.6%
Share-based compensation
58.9
62.3
62.2
-5.5%
Buybacks
674
639
330
+5.4%
Dividends paid
339
333
320
+1.8%
Dividend per share
$1.60
$1.52
$1.46
+5.3%
Diluted shares, weighted
212m
220m
222m
-3.9%
Shares outstanding at period end
207m
213m
218m
-3.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
2,879
2,933
2,064
-1.8%
Non-controlling interest
114
117
0.0
-2.4%
Debt
4,173
4,310
3,442
-3.2%
Finance lease liabilities
321
352
n/a
-9.0%
Other liabilities
31,685
29,957
29,810
+5.8%
Total liabilities and equity
39,172
37,670
35,316
+4.0%
Fixed assets
1,771
1,892
1,798
-6.4%
Goodwill
6,706
6,664
6,044
+0.6%
Intangible assets
2,295
2,948
2,833
-22.2%
Cash and equivalents
3,374
2,493
2,435
+35.4%
Receivables
12,387
11,314
10,303
+9.5%
Inventory
11,060
11,919
11,461
-7.2%
Other assets
1,580
440
441
+259.0%
Total assets
39,172
37,670
35,316
+4.0%
10-K for the year ended 30 September 2019, filed 19 November 2019: the filing.