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Cardinal Health Reports Fiscal 2008 Results, Provides Fiscal 2009 Outlook
Date:8/7/2008

Activities:

Net earnings $326.6 $902.2 $1,309.2 $1,931.1

(Earnings) / loss from

discontinued operations 3.6 (664.5) 15.3 (1,091.4)

Earnings from continuing

operations 330.2 237.7 1,324.5 839.7

Adjustments to reconcile

earnings from continuing

operations to net cash

provided by / (used in)

operating activities:

Depreciation and

amortization 96.3 85.0 381.3 322.1

Asset impairments and other (10.6) 1.2 (31.4) 19.2

Purchased in-process

research and development 18.0 84.5 18.0 84.5

Equity compensation 35.6 28.8 122.3 138.1

Provision for deferred

income taxes 26.9 11.7 26.9 11.7

Provision for bad debts 3.8 7.0 26.1 24.0

Change in operating assets

and liabilities, net of

effects from acquisitions:

(Increase) / decrease in

trade receivables (17.8) 36.6 (312.7) (783.1)

Decrease in inventories 499.3 205.9 613.1 217.4

Increase in net investment

in sales-type leases (41.1) (53.8) (124.9) (130.8)

Increase / (decrease) in

accounts payable (595.9) (268.6) (813.1) 224.4

Increase / (decrease) in

other accrued liabilities

and operating items, net (98.0) (667.6) 329.0 35.8

Net cash provided by /

(used in) operating

activities - continuing

operations 246.7 (291.6) 1,559.1 1,003.0

Net cash provided by /

(used in) operating

activities - discontinued

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

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