CARDINAL HEALTH INC | 2013 | FY | 3


Selected Quarterly Financial Data (Unaudited)
The following is selected quarterly financial data for fiscal 2013 and 2012. The sum of the quarters may not equal year-to-date due to rounding.
(in millions, except per common share amounts)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter (1)
Fiscal 2013
 
 
 
 
 
 
 
Revenue
$
25,889

 
$
25,232

 
$
24,552

 
$
25,420

Gross margin
1,159

 
1,224

 
1,291

 
1,247

Distribution, selling, general and administrative expenses
690

 
699

 
712

 
775

Earnings/(loss) from continuing operations
272

 
303

 
346

 
(586
)
Loss from discontinued operations, net of tax
(1
)
 

 
(1
)
 

Net earnings/(loss)
271

 
303

 
345

 
(586
)
 
 
 
 
 
 
 
 
Earnings/(loss) from continuing operations per common share:
 
 
 
 
 
 
 
Basic
$
0.80

 
$
0.89

 
$
1.01

 
$
(1.72
)
Diluted (2)
0.79

 
0.88

 
1.00

 
(1.72
)
(in millions, except per common share amounts)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Fiscal 2012
 
 
 
 
 
 
 
Revenue
$
26,792

 
$
27,078

 
$
26,918

 
$
26,764

Gross margin
1,084

 
1,114

 
1,207

 
1,136

Distribution, selling, general and administrative expenses
644

 
640

 
683

 
712

Earnings from continuing operations
237

 
264

 
332

 
236

Earnings/(loss) from discontinued operations, net of tax

 
(2
)
 
1

 

Net earnings
237

 
262

 
333

 
236

 
 
 
 
 
 
 
 
Earnings from continuing operations per common share:
 
 
 
 
 
 
 
Basic
$
0.69

 
$
0.77

 
$
0.96

 
$
0.68

Diluted
0.68

 
0.76

 
0.95

 
0.68

(1)
During the fourth quarter of fiscal 2013, we recorded an out-of-period increase in income tax expense of $14 million related to uncertain tax benefits, of which generally less than $1 million pertained to the each of the first three quarters of fiscal 2013 and each of the quarters in fiscal 2012. The amounts were not material individually or in the aggregate to current or prior periods.
(2)
Due to the loss from continuing operations incurred during the fourth quarter of fiscal 2013, potential dilutive common shares have not been included in the denominator of the diluted per share computation for this period due to their antidilutive effect.

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