Walgreens 2013 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2013 Walgreens annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 50

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50

• Walgreens is the nation’s largest drugstore chain, with fiscal 2013 net
sales of $72.2 billion and net earnings of $2.5 billion. The company
has 248,000 employees, and 8,582 locations.
• Cash flow from operations for fiscal 2013 was $4.3 billion, with
record free cash flow of $3.1 billion.*
• The company continued to return significant cash to shareholders,
with $1.0 billion in dividends.
• Walgreens stabilized its commercial book of pharmacy business
through multiyear agreements reached with Express Scripts Inc.,
Caremark and other leading commercial payers.
• Walgreens strengthened its position to create the first global pharmacy-led,
health and well-being enterprise by forging a game-changing strategic
relationship with AmerisourceBergen.
• Walgreens continued the expansion of its Well Experience pilot format,
reaching more than 500 stores opened or converted across the chain
by the end of fiscal 2013. In addition, the company now has 12 flagship
stores, with new locations opened in Boston, Chicago, Los Angeles,
New York City, San Francisco, Washington, D.C., and Philadelphia.
• Walgreens introduced its Healthcare Clinic at select Walgreens
as the new branding for nearly 400 in-store retail clinics, replacing
the former Take Care Clinic name that has stood since the brand’s
inception in 2004.
• Walgreens and the Blue Cross and Blue Shield Association launched
a national campaign to educate consumers about the new healthcare
reform law and provide them with key information so they can decide
how best to participate in new insurance options as a result of the
Affordable Care Act.
• Walgreens HIV/AIDS program and Centers of Excellence were honored
by Profiles in Diversity Journal as No. 2 in its top 10 international list
for its Innovations in Diversity Award.
• Walgreens was named to Fortune magazine’s World’s Most Admired
Companies list for the 20th consecutive year, and was ranked 37th
overall in revenue on the Fortune 500 list of largest U.S.-based
companies. The company was ranked 120th overall in revenue on
the Fortune Global 500 largest companies list.
2013 Milestones
At Walgreens, everything our company does is
designed to help people get, stay and live well.
To do this, Walgreens is focused on three
key strategies: Create a Well Experience,
Transform the Role of Community Pharmacy
and Establish an Efficient Global Platform.
By focusing efforts on these strategies,
Walgreens is building on its successful history
while reinventing the traditional drugstore model.
at Walgreens
Well
About the Cover
Francesca Eulo is a regular fixture at her Walgreens
in Tamarac, Florida. Since becoming the primary
caregiver for her father, Raymond, three years ago,
Francesca stops by her Walgreens once or twice
each week to pick up his medications.
* This is a non-GAAP measure. See Reconciliation of Non-GAAP Financial Measures on page 46.