Selected Financial Data
since 2005
Income Statement
AmerisourceBergen Corp., selected items from income statement, long-term trends
US$ in thousands
| 12 months ended: | Revenue | Operating income (loss) | Net income (loss) attributable to AmerisourceBergen Corporation |
|---|---|---|---|
| Sep 30, 2022 | 238,587,006) | 2,366,378) | 1,698,820) |
| Sep 30, 2021 | 213,988,843) | 2,354,197) | 1,539,932) |
| Sep 30, 2020 | 189,893,926) | (5,135,354) | (3,408,716) |
| Sep 30, 2019 | 179,589,121) | 1,111,923) | 855,365) |
| Sep 30, 2018 | 167,939,635) | 1,443,685) | 1,658,405) |
| Sep 30, 2017 | 153,143,826) | 1,060,342) | 364,484) |
| Sep 30, 2016 | 146,849,686) | 1,525,774) | 1,427,929) |
| Sep 30, 2015 | 135,961,803) | 417,370) | (134,887) |
| Sep 30, 2014 | 119,569,127) | 778,884) | 276,484) |
| Sep 30, 2013 | 87,959,167) | 898,399) | 433,707) |
| Sep 30, 2012 | 79,489,596) | 1,252,728) | 718,986) |
| Sep 30, 2011 | 80,217,558) | 1,202,745) | 706,624) |
| Sep 30, 2010 | 77,953,979) | 1,103,635) | 636,748) |
| Sep 30, 2009 | 71,759,990) | 883,749) | 503,397) |
| Sep 30, 2008 | 70,189,733) | 827,861) | 250,559) |
| Sep 30, 2007 | 66,074,312) | 820,342) | 469,167) |
| Sep 30, 2006 | 61,203,145) | 748,706) | 467,714) |
| Sep 30, 2005 | 54,577,321) | 636,946) | 264,645) |
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), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
The financial data of the company over the period from 2005 to 2022 reveals several notable trends in revenue, operating income, and net income attributable to the corporation.
- Revenue
- The company’s revenue showed a consistent upward trajectory throughout the analyzed period. Starting at approximately $54.6 billion in 2005, revenue increased steadily each year, with particularly strong growth observed from 2012 onward. By 2022, revenue had reached nearly $239 billion, representing more than a fourfold increase over the 17-year span. This trend indicates significant expansion in the company’s business activities and market presence.
- Operating Income (Loss)
- Operating income exhibited more variability compared to revenue. It grew from around $637 million in 2005, peaking generally in the period up to 2012 at about $1.25 billion. However, there were notable fluctuations and a decline in some years. For instance, operating income dropped considerably in 2013 and 2014, declining to $898 million and $779 million respectively, and decreased further to $417 million in 2015. Following this, the company experienced recovery and growth, reaching peaks above $1.4 billion in 2018. A significant operating loss occurred in 2020, with an operating loss of over $5.1 billion, indicating a major adverse event or expense impacting profitability. Nevertheless, the company returned to positive operating income in 2021 and 2022, with figures around $2.3 billion, maintaining stability and recovery post-loss.
- Net Income (Loss) Attributable to AmerisourceBergen Corporation
- Net income showed a similarly fluctuating pattern. Initial years saw positive and moderate growth from about $265 million in 2005 to around $719 million in 2012. Subsequently, there was a period of downturn with net income falling to negative $135 million in 2015, followed by a rebound to a peak of approximately $1.43 billion in 2016. Growth continued with highs around $1.66 billion in 2018. A steep decline was observed in 2020 when net income recorded a considerable loss of $3.4 billion. This loss coincided with the operating loss of the same year, suggesting a significant one-time charge or adverse event. By 2021 and 2022, net income had recovered to positive values around $1.5 billion and $1.7 billion, respectively, indicating the company’s resilience and return to profitability.
Overall, the data illustrates sustained revenue growth accompanied by more fluctuating income figures. The volatility in operating and net income, especially the pronounced losses in 2020, contrasts with the generally steady increase in revenue and subsequent recovery in profitability. This pattern could reflect external challenges or significant internal adjustments affecting earnings during specific periods, while the underlying business model appears to maintain long-term growth and profitability.
Balance Sheet: Assets
AmerisourceBergen Corp., selected items from assets, long-term trends
US$ in thousands
| Current assets | Total assets | |
|---|---|---|
| Sep 30, 2022 | 39,589,758) | 56,560,616) |
| Sep 30, 2021 | 38,802,609) | 57,337,805) |
| Sep 30, 2020 | 33,055,702) | 44,274,830) |
| Sep 30, 2019 | 28,132,054) | 39,171,980) |
| Sep 30, 2018 | 25,894,372) | 37,669,838) |
| Sep 30, 2017 | 24,303,299) | 35,316,470) |
| Sep 30, 2016 | 22,851,847) | 33,656,200) |
| Sep 30, 2015 | 20,334,488) | 27,736,157) |
| Sep 30, 2014 | 16,800,205) | 21,532,183) |
| Sep 30, 2013 | 14,393,651) | 18,918,638) |
| Sep 30, 2012 | 10,987,151) | 15,444,126) |
| Sep 30, 2011 | 11,217,623) | 14,982,671) |
| Sep 30, 2010 | 10,748,350) | 14,434,843) |
| Sep 30, 2009 | 9,953,753) | 13,572,740) |
| Sep 30, 2008 | 8,669,761) | 12,217,786) |
| Sep 30, 2007 | 8,714,300) | 12,310,064) |
| Sep 30, 2006 | 9,210,407) | 12,783,920) |
| Sep 30, 2005 | 7,987,692) | 11,381,174) |
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), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
The analysis of the financial data over the observed periods reveals notable trends in the current assets and total assets of the company. Both categories demonstrate overall growth, with fluctuations in certain years that merit attention.
- Current Assets
- The current assets exhibit a general upward trajectory from 7,987,692 thousand USD at the end of 2005 to 39,589,758 thousand USD by the end of 2022. This indicates a substantial increase in liquid or near-liquid resources available for meeting short-term obligations and operational needs. The growth, however, is not uniformly steady; for example, there is a slight decline observed between 2006 (9,210,407 thousand USD) and 2007 (8,714,300 thousand USD), as well as between 2011 (11,217,623 thousand USD) and 2012 (10,987,151 thousand USD). Subsequent years show more consistent increases, with notable acceleration post-2014, reflecting potentially enhanced operational capacity, improved cash flows, or strategic acquisitions increasing liquid assets. The most significant rises occur between 2019 (28,132,054 thousand USD) and 2021 (38,802,609 thousand USD), followed by a marginal increase in 2022.
- Total Assets
- Total assets also reflect a pattern of growth, expanding from 11,381,174 thousand USD in 2005 to 56,560,616 thousand USD in 2022. While this growth is generally positive, the trend reveals periods of plateauing and minor decreases, such as the drop from 12,783,920 thousand USD in 2006 to 12,310,064 thousand USD in 2007, and a decline between 2021 (57,337,805 thousand USD) and 2022 (56,560,616 thousand USD). Nevertheless, the overall increase demonstrates the company’s expanding resource base, including both short-term and long-term assets. Significant asset growth phases align closely with those observed in current assets, suggesting parallel expansion across asset categories.
Overall, the data indicates sustained asset growth with occasional periods of contraction, reflecting a dynamic balance between asset accumulation and possible asset reallocation or divestitures. The pronounced increases in recent years imply strategic expansion efforts or improved operational efficiencies, positioning the firm with enhanced financial capacity.
Balance Sheet: Liabilities and Stockholders’ Equity
AmerisourceBergen Corp., selected items from liabilities and stockholders’ equity, long-term trends
US$ in thousands
| Current liabilities | Total debt | Total AmerisourceBergen Corporation stockholders’ equity (deficit) | |
|---|---|---|---|
| Sep 30, 2022 | 43,477,955) | 5,702,833) | (211,559) |
| Sep 30, 2021 | 41,358,641) | 6,683,924) | 223,354) |
| Sep 30, 2020 | 33,853,077) | 4,119,520) | (1,018,924) |
| Sep 30, 2019 | 29,581,294) | 4,172,892) | 2,878,917) |
| Sep 30, 2018 | 27,869,687) | 4,310,189) | 2,932,824) |
| Sep 30, 2017 | 26,818,165) | 3,442,055) | 2,064,461) |
| Sep 30, 2016 | 25,281,308) | 4,205,402) | 2,129,404) |
| Sep 30, 2015 | 22,700,765) | 3,493,048) | 633,520) |
| Sep 30, 2014 | 17,250,160) | 1,995,632) | 1,956,899) |
| Sep 30, 2013 | 14,870,635) | 1,396,606) | 2,319,745) |
| Sep 30, 2012 | 11,214,482) | 1,446,770) | 2,456,712) |
| Sep 30, 2011 | 10,855,120) | 1,364,952) | 2,866,858) |
| Sep 30, 2010 | 9,906,344) | 1,343,580) | 2,954,297) |
| Sep 30, 2009 | 9,479,610) | 1,178,001) | 2,716,469) |
| Sep 30, 2008 | 8,167,589) | 1,189,131) | 2,710,045) |
| Sep 30, 2007 | 7,857,036) | 1,227,774) | 3,099,720) |
| Sep 30, 2006 | 7,459,188) | 1,095,491) | 4,141,157) |
| Sep 30, 2005 | 6,052,096) | 952,711) | 4,280,357) |
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), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
- Current liabilities
- Current liabilities exhibited a general upward trend from approximately 6.1 billion in 2005 to around 43.5 billion in 2022. Notably, the increase was relatively steady, with a marked acceleration occurring after 2012. The rise between 2012 and 2022 was particularly pronounced, suggesting growing operational scale or increasing short-term obligations over this period.
- Total debt
- Total debt demonstrated fluctuations with an overall increasing pattern from about 953 million in 2005 to a peak exceeding 6.6 billion in 2021, before declining to approximately 5.7 billion in 2022. There was a notable surge in total debt around 2014-2016, which then decreased considerably by 2017, followed by another substantial increase reaching the highest point in 2021. The subsequent decline in 2022 may indicate debt repayments or restructuring activities.
- Stockholders' equity
- Stockholders’ equity started at approximately 4.3 billion in 2005, followed by a consistent decline until 2015, reaching a low near 634 million. After 2015, equity values fluctuated, briefly recovering to about 2.9 billion in 2018 but then deteriorated significantly, leading to negative equity positions in 2020, 2022, and marginally positive in 2021. These trends suggest challenges in retained earnings or valuation adjustments, potentially affecting financial stability and indicating periods of financial strain.
- Overall observations
- The data reveals expanding current liabilities and fluctuating total debt with peaks in recent years, while equity displays a weakening trend culminating in negative values at times. The combination of rising liabilities and weakened equity could imply heightened financial leverage and increased financial risk. The negative equity points to times when liabilities exceed assets, warranting careful monitoring of capital structure and financial health.
Cash Flow Statement
AmerisourceBergen Corp., selected items from cash flow statement, long-term trends
US$ in thousands
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Sep 30, 2022 | 2,703,088) | (368,437) | (1,752,780) |
| Sep 30, 2021 | 2,666,586) | (6,141,577) | 1,952,849) |
| Sep 30, 2020 | 2,207,040) | (379,871) | (603,617) |
| Sep 30, 2019 | 2,344,023) | (375,832) | (1,086,513) |
| Sep 30, 2018 | 1,411,388) | (1,111,114) | (242,873) |
| Sep 30, 2017 | 1,504,138) | (498,041) | (1,312,814) |
| Sep 30, 2016 | 3,178,497) | (3,169,179) | 565,072) |
| Sep 30, 2015 | 3,920,379) | (2,931,165) | (630,285) |
| Sep 30, 2014 | 1,470,699) | (384,155) | (501,491) |
| Sep 30, 2013 | 701,988) | 128,932) | (690,449) |
| Sep 30, 2012 | 1,270,542) | (939,688) | (1,116,882) |
| Sep 30, 2011 | 1,167,948) | (212,418) | (787,722) |
| Sep 30, 2010 | 1,108,624) | (184,371) | (275,439) |
| Sep 30, 2009 | 790,996) | (147,211) | (504,160) |
| Sep 30, 2008 | 719,624) | 165,778) | (662,417) |
| Sep 30, 2007 | 1,207,904) | (674,437) | (1,154,531) |
| Sep 30, 2006 | 807,265) | (42,702) | (469,848) |
| Sep 30, 2005 | 1,526,638) | (152,305) | (929,993) |
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), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
The analysis of cash flow activities over the seventeen-year period reveals several notable trends and fluctuations in operating, investing, and financing cash flows.
- Net cash provided by operating activities
- The operating cash flow shows considerable volatility, with amounts ranging from a low of approximately 701,988 thousand USD in 2013 to a high of about 3,920,379 thousand USD in 2015. Initial years show fluctuations, with cash flow dropping significantly in 2006 and recovering intermittently until 2011. From 2011 onward, the operating cash flow generally remains above 1,000,000 thousand USD, exhibiting a moderately upward trend with peaks in 2015 and stable levels near 2,200,000 to 2,700,000 thousand USD from 2016 to 2022. This pattern suggests that operating performance strengthened significantly in the mid-2010s and stabilized at a relatively high level thereafter.
- Net cash (used in) provided by investing activities
- Investing activities predominantly show cash outflows, indicating ongoing investments or acquisitions. There are a few exceptions, such as in 2008 and 2013, where positive cash inflows occurred, signaling possible asset sales or divestitures during those years. The largest outflows are observed in 2015 and 2016, exceeding 2,900,000 and 3,100,000 thousand USD, respectively, indicating substantial capital expenditure or investment expansion during this period. Following these large outflows, investing cash outflows moderate somewhat but remain significant through 2022, pointing to sustained investment activity.
- Net cash provided by (used in) financing activities
- Financing cash flows are mainly negative, indicating net repayments or reductions in financing liabilities for much of the timeframe. Significant cash outflows occur intermittently, with remarkable negative spikes in 2007, 2011, 2012, and particularly in 2019, 2020, and 2022. Notably, positive cash flow is recorded in 2016 and 2021, attributed to new financing or borrowing activities. The net inflow of approximately 1,952,849 thousand USD in 2021 contrasts sharply with adjacent periods, suggesting a strategic financing event or capital raise that year. Overall, financing activities have fluctuated between funding and repayment phases, reflecting an active management of capital structure.
In summary, operating cash flows have improved and stabilized over time, investing activities indicate consistent investment with occasional asset disposals, and financing cash flows reflect a dynamic approach to managing debt and capital, with periods of both significant repayments and notable new borrowings. These patterns are indicative of evolving operational performance, investment strategy, and financial management across the analyzed period.
Per Share Data
AmerisourceBergen Corp., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Sep 30, 2022 | 8.15 | 8.04 | 0.00 |
| Sep 30, 2021 | 7.48 | 7.39 | 0.00 |
| Sep 30, 2020 | -16.65 | -16.65 | 0.00 |
| Sep 30, 2019 | 4.07 | 4.04 | 0.00 |
| Sep 30, 2018 | 7.61 | 7.53 | 0.00 |
| Sep 30, 2017 | 1.67 | 1.64 | 0.00 |
| Sep 30, 2016 | 6.73 | 6.32 | 0.00 |
| Sep 30, 2015 | -0.62 | -0.62 | 0.00 |
| Sep 30, 2014 | 1.22 | 1.17 | 0.00 |
| Sep 30, 2013 | 1.88 | 1.84 | 0.00 |
| Sep 30, 2012 | 2.84 | 2.80 | 0.00 |
| Sep 30, 2011 | 2.59 | 2.54 | 0.00 |
| Sep 30, 2010 | 2.26 | 2.22 | 0.00 |
| Sep 30, 2009 | 1.67 | 1.66 | 0.00 |
| Sep 30, 2008 | 0.78 | 0.77 | 0.00 |
| Sep 30, 2007 | 1.27 | 1.25 | 0.00 |
| Sep 30, 2006 | 1.14 | 1.13 | 0.00 |
| Sep 30, 2005 | 0.63 | 0.62 | 0.00 |
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), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1, 2, 3 Data adjusted for splits and stock dividends.
The analysis of the financial data reveals several notable trends in the earnings per share (EPS) metrics for the period under review. Both basic and diluted earnings per share exhibit similar patterns, indicating consistent reporting practices and minimal dilution effects over time.
- Trend in Basic and Diluted Earnings Per Share
-
From 2005 to 2007, there was a general upward movement in EPS, with basic earnings per share increasing from 0.63 US$ to 1.27 US$. This growth suggests improving profitability during these early years. However, in 2008, a notable decline occurred, with EPS dropping to 0.78 US$, potentially reflecting external economic pressures, followed by a strong recovery and peak in 2010 and 2011 at 2.26 US$ and 2.59 US$ respectively.
Subsequent years from 2012 through 2014 depict a gradual decline, reaching as low as 1.22 US$ in 2014. A significant anomaly appears in 2015, when both basic and diluted EPS turned negative at -0.62 US$, indicating a loss endured by the company during that fiscal year.
Post-2015, there was a sharp rebound, with EPS climbing to 6.73 US$ in 2016, followed by some volatility but maintaining generally high levels through 2018 and 2019. The year 2020 marks the most pronounced decline, plunging to -16.65 US$, which is a substantial loss and outlier in the dataset, likely attributable to extraordinary events affecting earnings that year.
Recovery is evident in 2021 and 2022, with EPS values reverting to positive territory at 7.48 US$ and 8.15 US$ respectively, indicating restored profitability and possibly improved operational performance or market conditions.
- Dividend per Share
-
The data set does not provide any dividend per share information for the entire period. The absence of this data prevents any analysis related to shareholder returns through dividends.
In summary, the company experienced periods of strong growth interspersed with volatility and occasional significant losses as reflected in negative EPS figures in certain years. The substantial drop in 2020 is particularly noteworthy and merits further investigation. Overall, the recent years show recovery and robustness in earnings performance.