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10-Q Filing

CARDINAL HEALTH INC CIK: 721371 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000721371-17-000145
Period End Date 20170930
Filing Date 20171107
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance cah-20170930.xml
Filing Contents
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Preferred shares, authorized PreferredStockSharesAuthorized 500,000.00 shares Point-in-time
Preferred shares, authorized PreferredStockSharesAuthorized 500,000.00 shares Point-in-time
Preferred shares, issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred shares, issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $6.88B USD Point-in-time
Common shares, authorized CommonStockSharesAuthorized 755.00M shares Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $1.18B USD Point-in-time
Common shares, authorized CommonStockSharesAuthorized 755.00M shares Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $2.00B USD Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $2.36B USD Point-in-time
Trade receivables, net ReceivablesNetCurrent $8.38B USD Point-in-time
Common shares, issued CommonStockSharesIssued 364.00M shares Point-in-time
Trade receivables, net ReceivablesNetCurrent $8.05B USD Point-in-time
Common shares, issued CommonStockSharesIssued 364.00M shares Point-in-time
Common shares in treasury TreasuryStockShares 42.00M shares Point-in-time
Inventories, net InventoryNet $11.30B USD Point-in-time
Inventories, net InventoryNet $12.12B USD Point-in-time
Common shares in treasury TreasuryStockShares 44.00M shares Point-in-time
Prepaid expenses and other OtherAssetsCurrent $2.04B USD Point-in-time
Prepaid expenses and other OtherAssetsCurrent $2.12B USD Point-in-time
Total current assets AssetsCurrent $23.73B USD Point-in-time
Total current assets AssetsCurrent $28.34B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $2.65B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.88B USD Point-in-time
Goodwill and other intangibles, net IntangibleAssetsNetIncludingGoodwill $14.93B USD Point-in-time
Goodwill and other intangibles, net IntangibleAssetsNetIncludingGoodwill $9.21B USD Point-in-time
Other assets OtherAssetsNoncurrent $681.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $638.00M USD Point-in-time
Total assets Assets $41.94B USD Point-in-time
Total assets Assets $40.11B USD Point-in-time
Accounts payable AccountsPayableCurrent $19.20B USD Point-in-time
Accounts payable AccountsPayableCurrent $17.91B USD Point-in-time
Current portion of long-term obligations and other short-term borrowings LongTermDebtAndCapitalLeaseObligationsCurrent $1.33B USD Point-in-time
Current portion of long-term obligations and other short-term borrowings LongTermDebtAndCapitalLeaseObligationsCurrent $935.00M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $1.99B USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $2.27B USD Point-in-time
Total current liabilities LiabilitiesCurrent $21.22B USD Point-in-time
Total current liabilities LiabilitiesCurrent $22.41B USD Point-in-time
Long-term obligations, less current portion LongTermDebtAndCapitalLeaseObligations $9.07B USD Point-in-time
Long-term obligations, less current portion LongTermDebtAndCapitalLeaseObligations $9.07B USD Point-in-time
Deferred income taxes and other liabilities DeferredTaxAndOtherLiabilitiesNoncurrent $3.76B USD Point-in-time
Deferred income taxes and other liabilities DeferredTaxAndOtherLiabilitiesNoncurrent $2.88B USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $12.00M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $118.00M USD Point-in-time
Authorized500 thousand shares, Issuednone PreferredStockValue - USD Point-in-time
Authorized500 thousand shares, Issuednone PreferredStockValue - USD Point-in-time
Authorized755 million shares, Issued327 million shares and 327 million shares at September 30, 2017 and June 30, 2017, respectively CommonStockValue $2.67B USD Point-in-time
Authorized755 million shares, Issued327 million shares and 327 million shares at September 30, 2017 and June 30, 2017, respectively CommonStockValue $2.70B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.94B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.97B USD Point-in-time
Common shares in treasury, at cost: 12 million shares and 11 million shares at September 30, 2017 and June 30, 2017, respectively TreasuryStockValue $853.00M USD Point-in-time
Common shares in treasury, at cost: 12 million shares and 11 million shares at September 30, 2017 and June 30, 2017, respectively TreasuryStockValue $731.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-86.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-125.00M USD Point-in-time
Total Cardinal Health, Inc. shareholders' equity StockholdersEquity $6.68B USD Point-in-time
Total Cardinal Health, Inc. shareholders' equity StockholdersEquity $6.81B USD Point-in-time
Noncontrolling interests MinorityInterest $17.00M USD Point-in-time
Noncontrolling interests MinorityInterest $20.00M USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.83B USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.70B USD Point-in-time
Total liabilities, redeemable noncontrolling interests and shareholders equity LiabilitiesAndStockholdersEquity $40.11B USD Point-in-time
Total liabilities, redeemable noncontrolling interests and shareholders equity LiabilitiesAndStockholdersEquity $41.94B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Revenue Revenues $32.64B USD 1 Quarter
Revenue Revenues $32.04B USD 1 Quarter
Cost of products sold CostOfGoodsSold $30.97B USD 1 Quarter
Cost of products sold CostOfGoodsSold $30.45B USD 1 Quarter
Gross margin GrossProfit $1.67B USD 1 Quarter
Gross margin GrossProfit $1.59B USD 1 Quarter
Distribution, selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $920.00M USD 1 Quarter
Distribution, selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.06B USD 1 Quarter
Restructuring and employee severance RestructuringCharges $132.00M USD 1 Quarter
Restructuring and employee severance RestructuringCharges $9.00M USD 1 Quarter
Amortization and other acquisition-related costs Amortizationandotheracquisitionrelatedcosts $183.00M USD 1 Quarter
Amortization and other acquisition-related costs Amortizationandotheracquisitionrelatedcosts $122.00M USD 1 Quarter
Impairments and (gain)/loss on disposal of assets, net GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-3.00M USD 1 Quarter
Impairments and (gain)/loss on disposal of assets, net GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-1.00M USD 1 Quarter
Litigation (recoveries)/charges, net GainLossRelatedToLitigationSettlement $-1.00M USD 1 Quarter
Litigation (recoveries)/charges, net GainLossRelatedToLitigationSettlement $-32.00M USD 1 Quarter
Operating earnings OperatingIncomeLoss $535.00M USD 1 Quarter
Operating earnings OperatingIncomeLoss $262.00M USD 1 Quarter
Other (income)/expense, net OtherNonoperatingIncomeExpense $-2.00M USD 1 Quarter
Other (income)/expense, net OtherNonoperatingIncomeExpense $3.00M USD 1 Quarter
Interest expense, net InterestExpense $81.00M USD 1 Quarter
Interest expense, net InterestExpense $44.00M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-1.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $494.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $178.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $61.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $184.00M USD 1 Quarter
Net earnings ProfitLoss $117.00M USD 1 Quarter
Net earnings ProfitLoss $310.00M USD 1 Quarter
Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $2.00M USD 1 Quarter
Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Net earnings attributable to Cardinal Health, Inc. NetIncomeLoss $115.00M USD 1 Quarter
Net earnings attributable to Cardinal Health, Inc. NetIncomeLoss $309.00M USD 1 Quarter
Basic (in shares) IncomeLossFromContinuingOperationsPerBasicShare $0.97 USD 1 Quarter
Basic (in shares) IncomeLossFromContinuingOperationsPerBasicShare $0.36 USD 1 Quarter
Diluted (in shares) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.96 USD 1 Quarter
Diluted (in shares) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.36 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 316.00M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 320.00M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 318.00M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 322.00M shares 1 Quarter
Cash dividends declared per common share CommonStockDividendsPerShareDeclared $0.45 USD 1 Quarter
Cash dividends declared per common share CommonStockDividendsPerShareDeclared $0.46 USD 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $117.00M USD 1 Quarter
Net earnings ProfitLoss $310.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $173.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $229.00M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-1.00M USD 1 Quarter
Impairments and loss on sale of other investments LossOnSaleOfInvestments $6.00M USD 1 Quarter
Impairments and loss on sale of other investments LossOnSaleOfInvestments - USD 1 Quarter
Impairments and (gain)/loss on disposal of assets, net GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-3.00M USD 1 Quarter
Impairments and (gain)/loss on disposal of assets, net GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-1.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $23.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $17.00M USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts $25.00M USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts $7.00M USD 1 Quarter
Increase in trade receivables IncreaseDecreaseInReceivables $359.00M USD 1 Quarter
Increase in trade receivables IncreaseDecreaseInReceivables $306.00M USD 1 Quarter
Increase in inventories IncreaseDecreaseInInventories $381.00M USD 1 Quarter
Increase in inventories IncreaseDecreaseInInventories $298.00M USD 1 Quarter
Increase in accounts payable IncreaseDecreaseInAccountsPayable $1.30B USD 1 Quarter
Increase in accounts payable IncreaseDecreaseInAccountsPayable $279.00M USD 1 Quarter
Other accrued liabilities and operating items, net IncreaseDecreaseInOtherOperatingCapitalNet $87.00M USD 1 Quarter
Other accrued liabilities and operating items, net IncreaseDecreaseInOtherOperatingCapitalNet $-229.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $104.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.18B USD 1 Quarter
Acquisition of subsidiaries, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $6.14B USD 1 Quarter
Acquisition of subsidiaries, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $9.00M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $67.00M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $100.00M USD 1 Quarter
Purchase of available-for-sale securities and other investments Purchaseofavailableforsalesecuritiesandotherinvestments $52.00M USD 1 Quarter
Purchase of available-for-sale securities and other investments Purchaseofavailableforsalesecuritiesandotherinvestments $3.00M USD 1 Quarter
Proceeds from sale of available-for-sale securities and other investments Proceedsfromsaleofavailableforsalesecuritiesandotherinvestments $34.00M USD 1 Quarter
Proceeds from sale of available-for-sale securities and other investments Proceedsfromsaleofavailableforsalesecuritiesandotherinvestments $64.00M USD 1 Quarter
Proceeds from Sale of Property, Plant, and Equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from Sale of Property, Plant, and Equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.00M USD 1 Quarter
Proceeds from maturities of available-for-sale securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $17.00M USD 1 Quarter
Proceeds from maturities of available-for-sale securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-6.14B USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-110.00M USD 1 Quarter
Payment of contingent consideration obligation PaymentofContingentConsideration $15.00M USD 1 Quarter
Payment of contingent consideration obligation PaymentofContingentConsideration - USD 1 Quarter
Net change in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $25.00M USD 1 Quarter
Net change in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-6.00M USD 1 Quarter
Purchase of noncontrolling interests PaymentsToAcquireAdditionalInterestInSubsidiaries $10.00M USD 1 Quarter
Purchase of noncontrolling interests PaymentsToAcquireAdditionalInterestInSubsidiaries $3.00M USD 1 Quarter
Reduction of long-term obligations RepaymentsOfLongTermDebt $402.00M USD 1 Quarter
Reduction of long-term obligations RepaymentsOfLongTermDebt $1.00M USD 1 Quarter
Proceeds from interest rate swap terminations PaymentsForProceedsFromHedgeFinancingActivities $-14.00M USD 1 Quarter
Proceeds from interest rate swap terminations PaymentsForProceedsFromHedgeFinancingActivities - USD 1 Quarter
Net tax withholdings from share-based compensation Netproceedstaxwithholdingsfromsharebasedcompensation $-9.00M USD 1 Quarter
Net tax withholdings from share-based compensation Netproceedstaxwithholdingsfromsharebasedcompensation $-18.00M USD 1 Quarter
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $30.00M USD 1 Quarter
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Dividends on common shares PaymentsOfDividendsCommonStock $150.00M USD 1 Quarter
Dividends on common shares PaymentsOfDividendsCommonStock $149.00M USD 1 Quarter
Purchase of treasury shares PaymentsForRepurchaseOfCommonStock $250.00M USD 1 Quarter
Purchase of treasury shares PaymentsForRepurchaseOfCommonStock $150.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-744.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-350.00M USD 1 Quarter
Effect of exchange rates changes on cash and equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.00M USD 1 Quarter
Effect of exchange rates changes on cash and equivalents EffectOfExchangeRateOnCashAndCashEquivalents $9.00M USD 1 Quarter
Net decrease in cash and equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-355.00M USD 1 Quarter
Net decrease in cash and equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-5.70B USD 1 Quarter
Cash and equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $6.88B USD Point-in-time
Cash and equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.18B USD Point-in-time
Cash and equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.00B USD Point-in-time
Cash and equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.36B USD Point-in-time
Cash and equivalents at end of period CashAndCashEquivalentsAtCarryingValue $6.88B USD Point-in-time
Cash and equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.18B USD Point-in-time
Cash and equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.00B USD Point-in-time
Cash and equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.36B USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $117.00M USD 1 Quarter
Net earnings ProfitLoss $310.00M USD 1 Quarter
Foreign currency translation adjustments and other OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.00M USD 1 Quarter
Foreign currency translation adjustments and other OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $40.00M USD 1 Quarter
Net unrealized gain/(loss) on derivative instruments, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-1.00M USD 1 Quarter
Net unrealized gain/(loss) on derivative instruments, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $1.00M USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $39.00M USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax - USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $156.00M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $310.00M USD 1 Quarter
Less: comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Less: comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $2.00M USD 1 Quarter
Total comprehensive income attributable to Cardinal Health, Inc. ComprehensiveIncomeNetOfTax $154.00M USD 1 Quarter
Total comprehensive income attributable to Cardinal Health, Inc. ComprehensiveIncomeNetOfTax $309.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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