AMERISOURCEBERGEN CORP | 2013 | FY | 3


Note 16.  Quarterly Financial Information (Unaudited)

  Fiscal Year Ended September 30, 2013
  First Second Third Fourth Fiscal
  Quarter  Quarter  Quarter  Quarter  Year
   (In thousands, except per share amounts)
 Revenue $ 21,059,811 $ 20,523,668 $ 21,906,648 $ 24,469,040 $ 87,959,167
 Gross profit (a)$ 660,828 $ 716,989 $ 562,450 $ 567,552 $ 2,507,819
 Distribution, selling and              
  administrative expenses,              
  depreciation, and               
  amortization  359,384   363,404   372,311   400,799   1,495,898
 Warrants  -   3,761   35,815   50,479   90,055
 Employee severance,              
  litigation and other  2,004   (299)   19,678   2,084   23,467
 Operating income $ 299,440 $ 350,123 $ 134,646 $ 114,190 $ 898,399
 Income from continuing operations$ 174,621 $ 204,143 $ 64,110 $ 50,561 $ 493,435
 (Loss) income from discontinued              
  operations, net of tax (b)  (6,010)   (158,509)   104,329   462   (59,728)
 Net income $ 168,611 $ 45,634 $ 168,439 $ 51,023 $ 433,707
 Earnings per share from continuing              
  operations:              
  Basic$ 0.75 $ 0.89 $ 0.28 $ 0.22 $ 2.14
  Diluted$ 0.74 $ 0.87 $ 0.27 $ 0.22 $ 2.10
 Earnings per share:              
  Basic $ 0.73 $ 0.20 $ 0.73 $ 0.22 $ 1.88
  Diluted $ 0.71 $ 0.19 $ 0.71 $ 0.22 $ 1.84
 ____________              
                

(a)

 

 

 

 

(b)

The first, second, third and fourth quarters of 2013 include gains of $12.3 million, $3.5 million, $6.0 million, and $1.1 million, respectively, from antitrust litigation settlements. The first, second, third, and fourth quarters of 2013 include a LIFO charge of $1.1 million, a LIFO credit of $0.2 million, a LIFO charge of $122.1 million, and a LIFO charge of $154.0 million, respectively.

 

 

Includes (loss) income from AB and ABCC, both of which were divested in May 2013 (see Note 3).

 Fiscal Year Ended September 30, 2012
 First Second Third Fourth Fiscal
 Quarter  Quarter  Quarter  Quarter  Year
  (In thousands, except per share amounts)
Revenue $ 19,981,185 $ 19,708,371 $ 19,326,807 $ 19,064,443 $ 78,080,806
Gross profit (a)$ 573,262 $ 679,741 $ 667,866 $ 713,817 $ 2,634,686
Distribution, selling and              
administrative expenses,              
depreciation and amortization  286,300   293,654   339,345   367,632   1,286,931
Employee severance, litigation              
and other  3,559   9,027   4,135   27,419   44,140
Operating income $ 283,403 $ 377,060 $ 324,386 $ 318,766 $ 1,303,615
Income from continuing operations $ 161,592 $ 219,143 $ 190,177 $ 190,449 $ 761,361
Income (loss) from discontinued              
operations, net of tax (b)  524   (7,038)   (8,906)   (26,955)   (42,375)
Net income $ 162,116 $ 212,105 $ 181,271 $ 163,494 $ 718,986
Earnings per share from continuing              
operations:              
Basic $ 0.63 $ 0.85 $ 0.75 $ 0.78 $ 3.01
Diluted $ 0.61 $ 0.84 $ 0.74 $ 0.77 $ 2.96
Earnings per share:              
Basic $ 0.63 $ 0.82 $ 0.72 $ 0.67 $ 2.84
Diluted $ 0.62 $ 0.81 $ 0.71 $ 0.66 $ 2.80
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