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Cardinal Health Reports Fiscal 2013 Second-Quarter Results
Date:2/5/2013

ntroductions and the frequency or rate of pharmaceutical price appreciation or deflation; uncertainties due to government health care reform including federal health care reform legislation; changes in the distribution patterns or reimbursement rates for health care products and services; the effects of any investigation or action by any regulatory authority; changes in the cost of commodities such as oil-based resins, cotton, latex and diesel fuel; and uncertainties concerning Cardinal Health's ability to achieve the expected benefits of its Medical segment's business transformation project. Cardinal Health is subject to additional risks and uncertainties described in Cardinal Health's Form 10-K, Form 10-Q and Form 8-K reports and exhibits to those reports. This news release reflects management's views as of Feb. 5, 2013. Except to the extent required by applicable law, Cardinal Health undertakes no obligation to update or revise any forward-looking statement.

 

Schedule 1Cardinal Health, Inc. and Subsidiaries
Condensed Consolidated Statements of Earnings (Unaudited)Second Quarter(in millions, except per Common Share amounts)20132012% ChangeRevenue$25,232$

27,078(7)

%Cost of products sold24,00825,964(8)

%Gross margin1,2241,11410

%Operating expenses:Distribution, selling, general and administrative expenses6996409

%Restructuring and employee severance12N.M.Acquisition-related costs2522N.M.Impairments and loss on disposal of assets51N.M.Litigation (recoveries)/charges, net(12)—N.M.Operating earnings50644913

%Other income, net(4)—N.M.Interest expense, net272318

%Earnings before income taxes and discontinued operations48342614

%Provision for income taxes18016211

%Earnings from continuing operations30326415

%Loss from discontinued operations, net of tax—(2)N.M.Net earnings$303$

26216

%Basic earnings/(loss) per Common Share:
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SOURCE Cardinal Health
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