Goodwill and Intangible Asset Disclosure
Adjustments to Financial Statements: Removal of Goodwill
Adjusted Financial Ratios: Removal of Goodwill (Summary)
Adjusted Net Profit Margin
Adjusted Total Asset Turnover
Adjusted Financial Leverage
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

AmerisourceBergen Corp., balance sheet: goodwill and intangible assets

US$ in thousands

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Goodwill	8,503,886)	9,030,531)	6,706,719)	6,705,507)	6,664,272)	6,044,281)
Indefinite-lived trade names	667,932)	668,119)	685,312)	685,324)	685,380)	685,088)
Customer relationships	4,226,547)	4,838,549)	1,671,888)	1,931,212)	2,549,245)	2,329,665)
Trade names and other	542,346)	609,050)	210,394)	271,521)	397,946)	325,353)
Finite-lived, gross carrying amount	4,768,893)	5,447,599)	1,882,282)	2,202,733)	2,947,191)	2,655,018)
Accumulated amortization	(1,104,088)	(858,791)	(681,487)	(593,221)	(684,743)	(506,825)
Finite-lived, net carrying amount	3,664,805)	4,588,808)	1,200,795)	1,609,512)	2,262,448)	2,148,193)
Other intangible assets	4,332,737)	5,256,927)	1,886,107)	2,294,836)	2,947,828)	2,833,281)
Goodwill and other intangible assets	12,836,623)	14,287,458)	8,592,826)	9,000,343)	9,612,100)	8,877,562)

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

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Item	Description	The company
Goodwill	Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.	AmerisourceBergen Corp. goodwill increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Other intangible assets	Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.	AmerisourceBergen Corp. other intangible assets increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Goodwill and other intangible assets	Sum of the carrying amounts of all intangible assets, including goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.	AmerisourceBergen Corp. goodwill and other intangible assets increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

AmerisourceBergen Corp., adjustments to financial statements

US$ in thousands

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Adjustment to Total Assets
Total assets (as reported)	56,560,616)	57,337,805)	44,274,830)	39,171,980)	37,669,838)	35,316,470)
Less: Goodwill	8,503,886)	9,030,531)	6,706,719)	6,705,507)	6,664,272)	6,044,281)
Total assets (adjusted)	48,056,730)	48,307,274)	37,568,111)	32,466,473)	31,005,566)	29,272,189)
Adjustment to Total AmerisourceBergen Corporation Stockholders’ Equity (deficit)
Total AmerisourceBergen Corporation stockholders’ equity (deficit) (as reported)	(211,559)	223,354)	(1,018,924)	2,878,917)	2,932,824)	2,064,461)
Less: Goodwill	8,503,886)	9,030,531)	6,706,719)	6,705,507)	6,664,272)	6,044,281)
Total AmerisourceBergen Corporation stockholders’ equity (deficit) (adjusted)	(8,715,445)	(8,807,177)	(7,725,643)	(3,826,590)	(3,731,448)	(3,979,820)
Adjustment to Net Income (loss) Attributable To AmerisourceBergen Corporation
Net income (loss) attributable to AmerisourceBergen Corporation (as reported)	1,698,820)	1,539,932)	(3,408,716)	855,365)	1,658,405)	364,484)
Add: Goodwill impairment	75,936)	6,373)	—)	—)	59,684)	—)
Net income (loss) attributable to AmerisourceBergen Corporation (adjusted)	1,774,756)	1,546,305)	(3,408,716)	855,365)	1,718,089)	364,484)

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

AmerisourceBergen Corp., Financial Data: Reported vs. Adjusted

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AmerisourceBergen Corp., adjusted financial ratios

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Net Profit Margin
Reported net profit margin	0.71%	0.72%	-1.80%	0.48%	0.99%	0.24%
Adjusted net profit margin	0.74%	0.72%	-1.80%	0.48%	1.02%	0.24%
Total Asset Turnover
Reported total asset turnover	4.22	3.73	4.29	4.58	4.46	4.34
Adjusted total asset turnover	4.96	4.43	5.05	5.53	5.42	5.23
Financial Leverage
Reported financial leverage	—	256.71	—	13.61	12.84	17.11
Adjusted financial leverage	—	—	—	—	—	—
Return on Equity (ROE)
Reported ROE	—	689.46%	—	29.71%	56.55%	17.66%
Adjusted ROE	—	—	—	—	—	—
Return on Assets (ROA)
Reported ROA	3.00%	2.69%	-7.70%	2.18%	4.40%	1.03%
Adjusted ROA	3.69%	3.20%	-9.07%	2.63%	5.54%	1.25%

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

Financial ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	AmerisourceBergen Corp. adjusted net profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	AmerisourceBergen Corp. adjusted total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	AmerisourceBergen Corp. adjusted ROA improved from 2020 to 2021 and from 2021 to 2022.

AmerisourceBergen Corp., Financial Ratios: Reported vs. Adjusted

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	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss) attributable to AmerisourceBergen Corporation	1,698,820)	1,539,932)	(3,408,716)	855,365)	1,658,405)	364,484)
Revenue	238,587,006)	213,988,843)	189,893,926)	179,589,121)	167,939,635)	153,143,826)
Profitability Ratio
Net profit margin¹	0.71%	0.72%	-1.80%	0.48%	0.99%	0.24%
Adjusted for Goodwill
Selected Financial Data (US$ in thousands)
Adjusted net income (loss) attributable to AmerisourceBergen Corporation	1,774,756)	1,546,305)	(3,408,716)	855,365)	1,718,089)	364,484)
Revenue	238,587,006)	213,988,843)	189,893,926)	179,589,121)	167,939,635)	153,143,826)
Profitability Ratio
Adjusted net profit margin²	0.74%	0.72%	-1.80%	0.48%	1.02%	0.24%

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

2022 Calculations

¹ Net profit margin = 100 × Net income (loss) attributable to AmerisourceBergen Corporation ÷ Revenue
= 100 × 1,698,820 ÷ 238,587,006 = 0.71%

² Adjusted net profit margin = 100 × Adjusted net income (loss) attributable to AmerisourceBergen Corporation ÷ Revenue
= 100 × 1,774,756 ÷ 238,587,006 = 0.74%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	AmerisourceBergen Corp. adjusted net profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
As Reported
Selected Financial Data (US$ in thousands)
Revenue	238,587,006)	213,988,843)	189,893,926)	179,589,121)	167,939,635)	153,143,826)
Total assets	56,560,616)	57,337,805)	44,274,830)	39,171,980)	37,669,838)	35,316,470)
Activity Ratio
Total asset turnover¹	4.22	3.73	4.29	4.58	4.46	4.34
Adjusted for Goodwill
Selected Financial Data (US$ in thousands)
Revenue	238,587,006)	213,988,843)	189,893,926)	179,589,121)	167,939,635)	153,143,826)
Adjusted total assets	48,056,730)	48,307,274)	37,568,111)	32,466,473)	31,005,566)	29,272,189)
Activity Ratio
Adjusted total asset turnover²	4.96	4.43	5.05	5.53	5.42	5.23

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

2022 Calculations

¹ Total asset turnover = Revenue ÷ Total assets
= 238,587,006 ÷ 56,560,616 = 4.22

² Adjusted total asset turnover = Revenue ÷ Adjusted total assets
= 238,587,006 ÷ 48,056,730 = 4.96

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	AmerisourceBergen Corp. adjusted total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
As Reported
Selected Financial Data (US$ in thousands)
Total assets	56,560,616)	57,337,805)	44,274,830)	39,171,980)	37,669,838)	35,316,470)
Total AmerisourceBergen Corporation stockholders’ equity (deficit)	(211,559)	223,354)	(1,018,924)	2,878,917)	2,932,824)	2,064,461)
Solvency Ratio
Financial leverage¹	—	256.71	—	13.61	12.84	17.11
Adjusted for Goodwill
Selected Financial Data (US$ in thousands)
Adjusted total assets	48,056,730)	48,307,274)	37,568,111)	32,466,473)	31,005,566)	29,272,189)
Adjusted total AmerisourceBergen Corporation stockholders’ equity (deficit)	(8,715,445)	(8,807,177)	(7,725,643)	(3,826,590)	(3,731,448)	(3,979,820)
Solvency Ratio
Adjusted financial leverage²	—	—	—	—	—	—

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

2022 Calculations

¹ Financial leverage = Total assets ÷ Total AmerisourceBergen Corporation stockholders’ equity (deficit)
= 56,560,616 ÷ -211,559 = —

² Adjusted financial leverage = Adjusted total assets ÷ Adjusted total AmerisourceBergen Corporation stockholders’ equity (deficit)
= 48,056,730 ÷ -8,715,445 = —

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	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss) attributable to AmerisourceBergen Corporation	1,698,820)	1,539,932)	(3,408,716)	855,365)	1,658,405)	364,484)
Total AmerisourceBergen Corporation stockholders’ equity (deficit)	(211,559)	223,354)	(1,018,924)	2,878,917)	2,932,824)	2,064,461)
Profitability Ratio
ROE¹	—	689.46%	—	29.71%	56.55%	17.66%
Adjusted for Goodwill
Selected Financial Data (US$ in thousands)
Adjusted net income (loss) attributable to AmerisourceBergen Corporation	1,774,756)	1,546,305)	(3,408,716)	855,365)	1,718,089)	364,484)
Adjusted total AmerisourceBergen Corporation stockholders’ equity (deficit)	(8,715,445)	(8,807,177)	(7,725,643)	(3,826,590)	(3,731,448)	(3,979,820)
Profitability Ratio
Adjusted ROE²	—	—	—	—	—	—

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

2022 Calculations

¹ ROE = 100 × Net income (loss) attributable to AmerisourceBergen Corporation ÷ Total AmerisourceBergen Corporation stockholders’ equity (deficit)
= 100 × 1,698,820 ÷ -211,559 = —

² Adjusted ROE = 100 × Adjusted net income (loss) attributable to AmerisourceBergen Corporation ÷ Adjusted total AmerisourceBergen Corporation stockholders’ equity (deficit)
= 100 × 1,774,756 ÷ -8,715,445 = —

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	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss) attributable to AmerisourceBergen Corporation	1,698,820)	1,539,932)	(3,408,716)	855,365)	1,658,405)	364,484)
Total assets	56,560,616)	57,337,805)	44,274,830)	39,171,980)	37,669,838)	35,316,470)
Profitability Ratio
ROA¹	3.00%	2.69%	-7.70%	2.18%	4.40%	1.03%
Adjusted for Goodwill
Selected Financial Data (US$ in thousands)
Adjusted net income (loss) attributable to AmerisourceBergen Corporation	1,774,756)	1,546,305)	(3,408,716)	855,365)	1,718,089)	364,484)
Adjusted total assets	48,056,730)	48,307,274)	37,568,111)	32,466,473)	31,005,566)	29,272,189)
Profitability Ratio
Adjusted ROA²	3.69%	3.20%	-9.07%	2.63%	5.54%	1.25%

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

2022 Calculations

¹ ROA = 100 × Net income (loss) attributable to AmerisourceBergen Corporation ÷ Total assets
= 100 × 1,698,820 ÷ 56,560,616 = 3.00%

² Adjusted ROA = 100 × Adjusted net income (loss) attributable to AmerisourceBergen Corporation ÷ Adjusted total assets
= 100 × 1,774,756 ÷ 48,056,730 = 3.69%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	AmerisourceBergen Corp. adjusted ROA improved from 2020 to 2021 and from 2021 to 2022.

AmerisourceBergen Corp. (NYSE:ABC)

Analysis of Goodwill and Intangible Assets

Goodwill and Intangible Asset Disclosure

Adjustments to Financial Statements: Removal of Goodwill

AmerisourceBergen Corp., Financial Data: Reported vs. Adjusted

Adjusted Financial Ratios: Removal of Goodwill (Summary)

AmerisourceBergen Corp., Financial Ratios: Reported vs. Adjusted

Adjusted Net Profit Margin

Adjusted Total Asset Turnover

Adjusted Financial Leverage

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)