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1、7000 Cardinal PlaceDublin,Ohio 43017(614)757-GRS Job No.50723 Customer Cardinal A/R“Covers”Cyan Mag Yelo Black PMS 187 Varn95%70%50%30%5%FilmCheckedBy.FilmStrippedBy.Cardinal Health,Inc.1999 Annual Report Passion for Performancein HealthCare0723_Covers_2 10/7/99 10:02 AM Page 295%70%50%30%5%FilmChec
2、kedBy.FilmStrippedBy.F I N A N C I A L H I G H L I G H T SLetter to Shareholders1The Companies of Cardinal Health,Inc.4Performance Profiles6Financial Review20Investor Information53Directors and Officers55(In millions,except percentages and per share amounts)199919981997Summary of OperationsRevenues:
3、Operating Revenues$21,480.6$18,004.0$15,924.8Bulk deliveries to customer warehouses3,553.02,991.42,469.1Total Revenues$25,033.6$20,995.4$18,393.9Merger-Related Costs and Other Special Charges(142.6)(57.8)(50.9)Operating Earnings(1)877.0772.5664.8Net Earnings(1)$456.3$425.1$334.8Balance SheetWorking
4、Capital$2,187.6$2,060.7$1,760.6Total Assets$8,289.0$7,478.0$6,521.8Long Term Obligations$1,223.9$1,330.0$1,320.9Shareholders Equity$3,463.0$2,954.9$2,627.0Performance RatiosOperating Earnings(1)4.08%4.28%4.17%Return on Average Equity(1)14.35%15.18%13.81%Per Share ResultsDiluted Net Earnings(1)$1.64$
5、1.53$1.23Dividends Declared$0.10$0.07$0.06Weighted Average Shares Outstanding(Number)Diluted279.0277.9272.0See Note 1 of“Notes to Consolidated Financial Statements”regarding“Basis of Presentation.”(1)Merger-related and other special charges have been recorded in connection with various business comb
6、inations and facility rationalizations,the impact of which is included in the amounts summarized above.See“Managements Discussion and Analysis of Financial Condition and Results of Operations”and Note 2 of“Notes to Consolidated Financial Statements”for further analysis of special charges.Some of the