AmerisourceBergen 2012 Annual Report Download

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2012 Summary Annual Report
We
Deliver
Value

Table of contents

  • Page 1
    We Deliver Value 2012 Summary Annual Report

  • Page 2
    ... Chief Executive Officer 4 Pharmaceutical Distribution 9 Manufacturer Services 12 Corporate and Social Responsibility 14 Management Team 15 Letter to Stockholders, Richard C. Gozon, Chairman of the Board 16 Financial Statements 21 Corporate Information Steven H. Collis President and Chief Executive...

  • Page 3
    ... a decline in revenues at our largest subsidiary, AmerisourceBergen Drug Corporation (ABDC). This was offset in part by record revenues at AmerisourceBergen Specialty Group (ABSG). Improved gross margins from ABDC generics combined with the impact of higher margin business from acquisitions we made...

  • Page 4
    ... 2013. The addition of TheraCom expands our consulting services just as the changing healthcare landscape increases the need for manufacturers to bring products to market as efficiently as possible and to demonstrate the value of their products. In May 2012, we acquired World Courier, the world...

  • Page 5
    ... Officer and Senior Vice President, New Market Development. In December 2012, Peyton R. Howell was promoted to Senior Vice President, AmerisourceBergen Corporation and President, Global Sourcing and Manufacturer Relations. I strongly believe that we have an exceptional management team with a diverse...

  • Page 6
    ... includes the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG). Other consists of our manufacturer services businesses, AmerisourceBergen Consulting Services (ABCS), and World Courier. AmerisourceBergen is a vital link in the healthcare system and...

  • Page 7
    Our Core Strength is U.S. Drug Distribution • Stable industry and a growing market • Extensive manufacturer relationships • Diverse base of high quality provider customers • Consistent performance • Tremendous cash generation AmerisourceBergen Drug Corporation is a consistent performer ...

  • Page 8
    AmerisourceBergen Specialty Group is a True Market Leader • Serves over 4,500 community oncologist practices • Number one in most physician specialties and in dialysis • Number one distributor of blood derivatives • Over 35,000 active customers for vaccines, biologicals and injectables ...

  • Page 9
    ... remedies, home healthcare products, and health and beauty aids. ABDC has 37 distribution centers across the United States and Canada supporting approximately 20,000 deliveries to customers per day. We have nearly completed the implementation of a new SAP enterprise resource planning system which...

  • Page 10
    ... Our Consulting Services Support Patient Access, Prove Product Value, and Improve Adherence • Trusted, essential partner to pharmaceutical manufacturers • Integrated expertise that directly aligns with manufacturer's commercial objectives • Market leader in manufacturer support programs for...

  • Page 11
    ... solutions across the pharmaceutical supply channel. Throughout fiscal 2012, we integrated TheraCom, a leading provider of patient support services for pharmaceutical manufacturers, into Lash Group and AmerisourceBergen Consulting Services (ABCS). The addition of TheraCom nearly doubled the size...

  • Page 12
    ...to patients and to payers. As AmerisourceBergen has expanded its role throughout the entire lifecycle of a pharmaceutical product, we have also taken steps to expand our business internationally. The fiscal 2012 acquisition of World Courier added a new line of business to our offerings, but also has...

  • Page 13
    World Courier Provides an International Platform • Global leader in niche clinical trial logistics • Highly specialized, premium services for biopharmaceutical manufacturers • Extensive owned network of global assets • Presence in over 50 countries • Comprehensive relationships with local ...

  • Page 14
    ... authorities to facilitate responses to changing market dynamics and to build awareness about our business and the customers we serve. Corporate Governance AmerisourceBergen regularly reviews its corporate governance principles, the Board Committee charters, codes of conduct, and other governance...

  • Page 15
    ...the safety of the pharmaceutical supply chain and implementation of healthcare reform under the Patient Protection and Affordable Care Act. Our commitment to participating responsibly and ethically in the political process is reflected in the AmerisourceBergen Corporation Code of Ethics and Business...

  • Page 16
    ...Peyton R. Howell* John G. Chou Executive Vice President, General Counsel & Assistant Secretary David W. Neu Senior Vice President and President, AmerisourceBergen Drug Corporation Senior Vice President and President, Global Sourcing and Manufacturer Relations James D. Frary* Senior Vice President...

  • Page 17
    ... Vice President, Constellation Energy and Chief Operating Officer, Constellation Energy Resources Michael J. Long 1,2 Chairman, President and Chief Executive Officer, Arrow Electronics, Inc. Henry W. McGee 1,4 President, HBO Home Entertainment Committees of the Board 1 Audit and Corporate...

  • Page 18
    ...215, and $4,661 for fiscal 2012, 2011, and 2010, respectively Net income Earnings per share: Basic earnings per share: Continuing operations Discontinued operations Rounding Total Diluted earnings per share: Continuing operations Discontinued operations Rounding Total Weighted average common shares...

  • Page 19
    ...capital Retained earnings Accumulated other comprehensive loss Treasury stock, at cost: 2012 - 27,148,378 shares; 2011 - 235,530,849 shares Total stockholders' equity Total Liabilities and Stockholders' Equity (in thousands, except per share data) 2012 2011 $ 1,066,608 3,938,597 5,689,147 73,811...

  • Page 20
    ...39,711, and $21,036, in fiscal 2012, 2011, and 2010, respectively Cash dividends on common stock Debt issuance costs and other Net cash used in financing activities - continuing operations Net cash used in financing activities - discontinued operations NET CASH USED IN FINANCING ACTIVITIES (DECREASE...

  • Page 21
    ... fiscal 2012 is comprised of the AmerisourceBergen Consulting Services (ABCS) operating segment and the World Courier Group, Inc. operating segment. Other in fiscal 2011 is comprised solely of the ABCS operating segment. See notes to consolidated financial statements in the Company's Annual Report...

  • Page 22
    ... were retroactively adjusted to reflect this stock split. As of or for the fiscal year ended September 30, Statement of Operations Data: Revenue Gross profit Operating expenses Operating income Interest expense, net Income from continuing operations Net income Earnings per share from continuing...

  • Page 23
    ... Information Financial documents, such as our Annual Report on Form 10-K, quarterly reports on Form 10-Q, the Company's Code of Ethics and Business Conduct, and other reports and filings may be obtained from the Company website at www.amerisourcebergen.com, or by calling the Company's Investor...

  • Page 24
    ... pharmaceutical packaging to reimbursement and pharmaceutical consulting services. With nearly $80 billion in annual revenue, AmerisourceBergen is headquartered in Valley Forge, PA, and employs approximately 13,000 people. AmerisourceBergen is ranked #29 on the Fortune 500 list. For more information...