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Cardinal Health Reports Fiscal 2008 Results, Provides Fiscal 2009 Outlook

Date:8/7/2008

ties related to the integration of acquired businesses; and conditions in the pharmaceutical market and general economic and market conditions. This news release reflects management's views as of Aug. 7, 2008. Except to the extent required by applicable law, Cardinal Health undertakes no obligation to update or revise any forward-looking statement.

CARDINAL HEALTH, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED)

Fourth Quarter

(in millions, except per Common Share

amounts) 2008 2007 % Change

Revenue $22,925.6 $22,262.8 3 %

Cost of products sold 21,456.2 20,905.4 3 %

Gross margin 1,469.4 1,357.4 8 %

Selling, general and administrative

expenses 901.3 819.3 10 %

Impairment charges and other (10.0) (0.6) N.M.

Special items:

Restructuring charges 10.9 11.7 N.M.

Acquisition integration charges 25.1 87.5 N.M.

Litigation and other (1.1) 19.0 N.M.

Operating earnings 543.2 420.5 29 %

Interest expense and other 47.4 19.1 148 %

Earnings before income taxes and

discontinued operations 495.8 401.4 24 %

Provision for income taxes 165.6 163.7 1 %

Earnings from continuing operations 330.2 237.7 39 %

Earnings / (loss) from discontinued

operations (net of tax expense

of $2.8 and $448.3 for the fourth

quarter of fiscal 2008 and 2007,

respectively)
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SOURCE Cardinal Health, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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Cardinal Health Reports Fiscal 2008 Results, Provides Fiscal 20...(ties related to the integration of acqui...),Health