Walgreens 2015 Annual Report Download - page 51
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(1) Includes $106 million (Retail Pharmacy International $100 million and Pharmaceutical Wholesale $6
million) of inventory fair value adjustment. No additional fair value adjustment related to the inventory step-
up is expected in future periods.
(in millions)
2014
Retail
Pharmacy
USA
Retail
Pharmacy
International
Pharmaceutical
Wholesale
Eliminations
and Other
Walgreens
Boots
Alliance, Inc.
Operating Income (GAAP) $4,194 $— $— $— $4,194
Acquisition-related amortization 364 — — — 364
Store closures and other optimization costs 271 — — — 271
LIFO provision 132 — — — 132
Acquisition-related costs 82 — — — 82
Increase in fair market value of warrants (168) — — — (168)
Gain on sale of business (9) (9)
Adjusted Operating Income (Non-GAAP
measure) $4,866 $— $— $— $4,866
(in millions)
2013
Retail
Pharmacy
USA
Retail
Pharmacy
International
Pharmaceutical
Wholesale
Eliminations
and Other
Walgreens
Boots
Alliance, Inc.
Operating Income (GAAP) $4,092 $— $— $— $4,092
Acquisition-related amortization 394 — — — 394
LIFO provision 239 — — — 239
Acquisition-related costs 96 — — — 96
Hurricane Sandy costs 39 — — — 39
DEA settlement costs 28 — — — 28
Distributor transition costs 13 — — — 13
Increase in fair market value of warrants (53) — — — (53)
Gain on sale of business (20) — — — (20)
Adjusted Operating Income (Non-GAAP
measure) $4,828 $— $— $— $4,828
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