The latest business news around the world. Written by Market Business News's very own editorial team to deliver reliable, up to date, and honest news.

Cardinal Health, Inc. – Company Information

0
Cardinal-Health-Inc. logo
Company Cardinal Health, Inc.
Headquarters 7000 Cardinal Place, Dublin, Ohio 43017, USA
Chairman and CEO George S. Barrett
CFO Michael C. Kaufmann
Industry Pharmaceutical/Medical Devices
Founder Robert D. Walter
Founded 1971
Type Public
NYSE stock symbol CAH
Revenue $102.531 billion (2015)
Net income $1,215 million (2015)
Earnings per share $3.62 USD (2015)
Employees 34,500 (2015)
Website http://www.cardinalhealth.com
Corporate contact number: 614-757-5000
Investor relations contact number: 614-757-4757
Investor relations contact number: [email protected]

Cardinal Health, Inc. is a health care services company that specializes in drug development services for the biotechnology and pharmaceutical industry.

The company claims that it provides medical products and services to more than 100,000 locations on a daily basis.

It is a leader in the manufacturing of certain medical and surgical products, such as gloves, fluid management products and surgical apparel.

Cardinal Health also operates the country’s most extensive network of radio-pharmacies.

As of May 2014, Cardinal Health is a Fortune 500 company, with a team of approximately 33,000 employees around the world.

The company is has two main business segments:

Pharmaceutical Segment: this segment focuses on providing pharmaceuticals and specialty plasma products to healthcare providers and pharmaceutical manufacturers. It integrates products from hundreds of manufacturers into site-specific deliveries.

Medical Segment: this segment focuses on delivering medical-surgical products and manufacturing medical products such as gloves, gowns, surgical drapes, scrubs and fluid management products.

Cardinal Health was originally founded in 1971 by Robert D. Walter under the name “Cardinal Foods”. At the beginning the company was a food wholesaler.

Through the acquisition of the Bailey Drug Company in 1979, the company changed its name to Cardinal Distribution, Incorporated. and began wholesaling drugs.

The company, which is based in Dublin, Ohio, is publicly traded on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘CAH’.

It announced in 2013 that it would work along with CVS Caremark to create the largest generic drug sourcing operation in the US. According to the company, the venture will begin in July 2014.


Income data (in $ millions) 2015* 2014*
Revenue $102,531 $91,084
Cost of products sold $96,819 $85,923
Gross margin $5,712 5,161
Distribution, selling, general and administrative expenses $3,240 $3,028
Restructuring and employee severance $44 $31
Amortization and other acquisition-related costs $281 $223
Impairments and (gain)/loss on disposal of assets $(19) $15
Litigation (recoveries)/charges, net $5 $(21)
Operating earnings $2,161 $1,885
Other income, net $(7) $(46)
Interest expense, net $141 $133
Earnings before income taxes and discontinued operations $1,967 $1,798
Provision for income taxes $755 $635
Earnings from continuing operations $1,212 $1,163
Earnings/(loss) from discontinued operations, net of tax $3 $3
Net earnings $1,215 $1,166
Balance sheet data (in $ millions)
Total assets $30,142 $26,033
Total current liabilities $17,243 $15,115
Long-term obligations, less current portion $5,211 $3,171
Deferred income taxes and other liabilities $1,432 $1,346
Total shareholders’ equity $6,256 $6,401
Common share data (in $)
Earnings per Common Share – Basic $3.66 $3.42
Earnings per Common Share – Diluted $3.62 $3.38
Cash flow data (in $ millions)
Net cash provided by operating activities $2,540 $2,524
Net cash used in investing activities $(849) $(850)
Net cash provided by/(used in) financing activities $60 $(710)
Cash and cash equivalents at beginning of period $2,865 $1,901
Cash and cash equivalents at end of period $4,616 $2,865

*Years Ended June 30
Source: “Cardinal Health, Inc. Form 10-K 2015”