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Cardinal Health Reports Third Quarter Results

bilities from businesses held for

sale and discontinued operations 20.6 34.2

Total current liabilities 11,142.0 11,459.7

Long-term obligations, less current

portion and other short-term borrowings 3,450.1 3,457.3

Deferred income taxes and other liabilities 1,618.1 859.9

Total shareholders' equity 7,393.2 7,376.9

Total liabilities and shareholders' equity $23,603.4 $23,153.8



Third Quarter Year-to-date

(in millions) 2008 2007 2008 2007

Cash Flows From Operating


Net earnings $356.0 $19.0 $982.6 $1,028.9

(Earnings) / loss from discontinued

operations 9.9 (23.9) 11.7 (426.9)

Earnings from continuing

operations 365.9 (4.9) 994.3 602.0

Adjustments to reconcile earnings

from continuing operations to net

cash provided by / (used in)

operating activities:

Depreciation and amortization 93.1 81.7 284.9 237.1

Asset impairments and other 2.4 3.6 (20.8) 18.0

Equity compensation 32.2 39.0 86.7 109.3

Provision for bad debts 11.9 9.2 22.3 17.0

Change in operating assets and

liabilities, net of effects from


Increase in trade receivables (144.2) (227.6) (294.8) (819.6)

(Increase) / decrease in

inventories 367.3 (172.7) 113.7 11.4

Increase in net i

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

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