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Forward-Looking Non-GAAP Financial MeasuresWe present non-GAAP earnings from continuing operations and non-GAAP effective tax rate from continuing operations (and presentations derived from these financial measures, including per share calculations) on a forward-looking basis. The most directly comparable forward-looking GAAP measures are earnings from continuing operations and effective tax rate from continuing operations. We are unable to provide a quantitative reconciliation of these forward-looking non-GAAP measures to the most directly comparable forward-looking GAAP measures because we cannot reliably forecast restructuring and employee severance, acquisition-related costs, impairments and loss on disposal of assets and litigation (recoveries)/charges, net, which are difficult to predict and estimate and are primarily dependent on future events. Please note that the unavailable reconciling items could significantly impact our future financial results.
Schedule 14Cardinal Health, Inc. and SubsidiariesSecond Quarter(in millions)20132012Days sales outstanding22.019.9Days inventory on handInventories$8,452$
8,889Cost of products sold$24,008$
25,964Chargeback billings4,1133,627Adjusted cost of products sold$28,121$
29,591Adjusted cost of products sold divided by 90 days$312$
329Days inventory on hand27.027.0Days payable outstandingAccounts payable$11,796$
12,457Cost of products sold$24,008$
25,964Chargeback billings4,1133,627Adjusted cost of products sold$28,121$
29,591Adjusted cost of products sold divided by 90 days$312$
329Days payable outstanding37.837.9Net working capital days111.39.1
The sum of the components may not equal the total due to rounding.
Days Sales Outstanding (DSO): trade receivables, net divided by (quarterly revenue divided by 90 days). Beginning in the first quarter of fiscal 2013,
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