|
Guarantor Subsidiaries (Details) (USD $) In Thousands, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
|
Sep. 30, 2014
|
Sep. 30, 2013
|
Sep. 30, 2014
|
Sep. 30, 2013
|
Dec. 31, 2013
|
| Summary Consolidating Statements of Income [Abstract] |
|
|
|
|
|
| Net sales |
$ 1,608,055 |
$ 1,515,168 |
$ 4,789,677 |
$ 4,477,229 |
|
| Cost of sales |
1,256,595 |
1,163,197 |
3,725,533 |
3,416,039 |
|
| Gross profit |
351,460 |
351,971 |
1,064,144 |
1,061,190 |
|
| Selling, general and administrative expenses |
178,940 |
182,668 |
549,816 |
565,276 |
|
| Provision for doubtful accounts |
19,911 |
24,963 |
62,562 |
75,113 |
|
| Settlement, litigation and other related charges |
12,868 |
143,484 |
27,467 |
169,615 |
|
| Other miscellaneous charges |
3,999 |
61,632 |
25,559 |
96,906 |
|
| Operating income |
135,742 |
(60,776) |
398,740 |
154,280 |
|
| Interest expense, net of investment income |
(28,717) |
(34,925) |
(88,138) |
(94,011) |
|
| Income before income taxes |
107,025 |
(95,701) |
310,602 |
60,269 |
|
| Income tax (benefit) expense |
38,948 |
(26,350) |
117,641 |
34,004 |
|
| Income (Loss) from Continuing Operations Attributable to Parent |
68,077 |
(69,351) |
192,961 |
26,265 |
|
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest |
(3,246) |
3,042 |
(42,385) |
13,999 |
|
| Equity of net income (loss) of subsidiaries |
0 |
0 |
0 |
0 |
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest |
64,831 |
(66,309) |
150,576 |
40,264 |
|
| Comprehensive income (loss) |
65,170 |
(66,305) |
151,182 |
40,170 |
|
| ASSETS |
|
|
|
|
|
| Cash and Cash Equivalents, at Carrying Value |
286,943 |
498,263 |
286,943 |
498,263 |
|
| Accounts Receivable, Net, Current |
651,224 |
|
651,224 |
|
695,684 |
| Inventory, Net |
494,563 |
|
494,563 |
|
512,418 |
| Deferred Tax Assets, Net of Valuation Allowance, Current |
56,084 |
|
56,084 |
|
135,094 |
| Other Assets, Current |
315,165 |
|
315,165 |
|
265,536 |
| Assets of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
49,995 |
| Total current assets |
1,803,979 |
|
1,803,979 |
|
2,014,728 |
| Property, Plant and Equipment, Net |
330,601 |
|
330,601 |
|
305,888 |
| Goodwill |
4,060,683 |
|
4,060,683 |
|
4,057,456 |
| Intangible Assets, Net (Excluding Goodwill) |
106,425 |
|
106,425 |
|
129,974 |
| Other Assets, Noncurrent |
95,649 |
|
95,649 |
|
96,722 |
| Disposal Group, Including Discontinued Operation, Long Lived Assets, Noncurrent |
0 |
|
0 |
|
87,078 |
| Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures |
0 |
|
0 |
|
0 |
| Total assets |
6,397,337 |
|
6,397,337 |
|
6,691,846 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
| Current liabilities of continuing operations, excluding current portion of long-term debt |
443,006 |
|
443,006 |
|
587,107 |
| Debt, Current |
495,713 |
|
495,713 |
|
527,204 |
| Liabilities of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
18,846 |
| Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent |
0 |
|
0 |
|
1,398 |
| Temporary Equity, Liquidation Preference |
308,787 |
|
308,787 |
|
331,101 |
| Long-term Debt, Excluding Current Maturities |
1,411,470 |
|
1,411,470 |
|
1,418,819 |
| Deferred income tax liabilities |
1,022,857 |
|
1,022,857 |
|
1,012,733 |
| Other noncurrent liabilities |
60,701 |
|
60,701 |
|
53,835 |
| Stockholders' equity |
2,654,803 |
|
2,654,803 |
|
2,740,803 |
| Total liabilities and stockholders' equity |
6,397,337 |
|
6,397,337 |
|
6,691,846 |
| Cash flows from operating activities: |
|
|
|
|
|
| Net cash flows (used in) from operating activities |
|
|
355,417 |
454,665 |
|
| Cash flows from investing activities: |
|
|
|
|
|
| Acquisition of businesses, net of cash received |
|
|
0 |
3,798 |
|
| Proceeds from Divestiture of Businesses |
|
|
71,194 |
11,083 |
|
| Capital expenditures |
|
|
(67,871) |
(73,279) |
|
| Other Investing Activities |
|
|
881 |
407 |
|
| Net cash flows used in investing activities |
|
|
2,442 |
(66,401) |
|
| Cash flows from financing activities: |
|
|
|
|
|
| Payments on Term Loans |
|
|
(15,938) |
(15,938) |
|
| Payments on long-term borrowings and obligations |
|
|
(176,983) |
(190,403) |
|
| Payments of Debt Issuance Costs |
|
|
0 |
(4,851) |
|
| Proceeds from (Repayments of) Bank Overdrafts |
|
|
(19,786) |
(11,490) |
|
| Payments for Omnicare common stock repurchase |
|
|
(160,438) |
(91,259) |
|
| Dividends paid |
|
|
(58,419) |
(43,011) |
|
| Proceeds from (payments for) Other Financing Activities including disc Ops |
|
|
4,647 |
20,162 |
|
| Net Cash Provided by (Used in) Financing Activities |
|
|
(426,917) |
(336,790) |
|
| Net increase (decrease) in cash and cash equivalents |
|
|
(69,058) |
51,474 |
|
| Cash and cash equivalents at beginning of period |
|
|
356,001 |
444,620 |
|
| Cash and cash equivalents at end of period |
286,943 |
498,263 |
286,943 |
498,263 |
|
| Net Cash Provided by (Used in) Discontinued Operations |
|
|
0 |
(2,169) |
|
| Net Cash Provided by (Used in) Continuing Operations |
|
|
(69,058) |
53,643 |
|
|
Parent Company [Member]
|
|
|
|
|
|
| Summary Consolidating Statements of Income [Abstract] |
|
|
|
|
|
| Net sales |
0 |
0 |
0 |
0 |
|
| Cost of sales |
0 |
0 |
0 |
0 |
|
| Gross profit |
0 |
0 |
0 |
0 |
|
| Selling, general and administrative expenses |
1,053 |
1,504 |
3,481 |
3,696 |
|
| Provision for doubtful accounts |
0 |
0 |
0 |
0 |
|
| Settlement, litigation and other related charges |
0 |
0 |
0 |
0 |
|
| Other miscellaneous charges |
0 |
0 |
0 |
0 |
|
| Operating income |
(1,053) |
(1,504) |
(3,481) |
(3,696) |
|
| Interest expense, net of investment income |
(28,456) |
(34,583) |
(86,676) |
(92,757) |
|
| Income before income taxes |
(29,509) |
(36,087) |
(90,157) |
(96,453) |
|
| Income tax (benefit) expense |
(11,503) |
(14,190) |
(34,846) |
(37,395) |
|
| Income (Loss) from Continuing Operations Attributable to Parent |
(18,006) |
(21,897) |
(55,311) |
(59,058) |
|
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest |
0 |
0 |
0 |
0 |
|
| Equity of net income (loss) of subsidiaries |
82,837 |
(44,412) |
205,887 |
99,322 |
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest |
64,831 |
(66,309) |
150,576 |
40,264 |
|
| Comprehensive income (loss) |
65,170 |
(66,305) |
151,182 |
40,170 |
|
| ASSETS |
|
|
|
|
|
| Cash and Cash Equivalents, at Carrying Value |
248,786 |
428,003 |
248,786 |
428,003 |
|
| Accounts Receivable, Net, Current |
0 |
|
0 |
|
0 |
| Inventory, Net |
0 |
|
0 |
|
0 |
| Deferred Tax Assets, Net of Valuation Allowance, Current |
0 |
|
0 |
|
0 |
| Other Assets, Current |
30,506 |
|
30,506 |
|
1,989 |
| Assets of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
0 |
| Total current assets |
279,292 |
|
279,292 |
|
277,899 |
| Property, Plant and Equipment, Net |
0 |
|
0 |
|
0 |
| Goodwill |
0 |
|
0 |
|
0 |
| Intangible Assets, Net (Excluding Goodwill) |
0 |
|
0 |
|
0 |
| Other Assets, Noncurrent |
38,039 |
|
38,039 |
|
41,825 |
| Disposal Group, Including Discontinued Operation, Long Lived Assets, Noncurrent |
0 |
|
0 |
|
0 |
| Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures |
4,952,869 |
|
4,952,869 |
|
5,131,280 |
| Total assets |
5,270,200 |
|
5,270,200 |
|
5,451,004 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
| Current liabilities of continuing operations, excluding current portion of long-term debt |
30,230 |
|
30,230 |
|
83,028 |
| Debt, Current |
495,713 |
|
495,713 |
|
527,204 |
| Liabilities of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
0 |
| Temporary Equity, Liquidation Preference |
308,787 |
|
308,787 |
|
331,101 |
| Long-term Debt, Excluding Current Maturities |
1,402,712 |
|
1,402,712 |
|
1,405,628 |
| Deferred income tax liabilities |
377,955 |
|
377,955 |
|
363,240 |
| Other noncurrent liabilities |
0 |
|
0 |
|
0 |
| Stockholders' equity |
2,654,803 |
|
2,654,803 |
|
2,740,803 |
| Total liabilities and stockholders' equity |
5,270,200 |
|
5,270,200 |
|
5,451,004 |
| Cash flows from operating activities: |
|
|
|
|
|
| Net cash flows (used in) from operating activities |
|
|
(68,865) |
(42,519) |
|
| Cash flows from investing activities: |
|
|
|
|
|
| Acquisition of businesses, net of cash received |
|
|
|
0 |
|
| Proceeds from Divestiture of Businesses |
|
|
0 |
0 |
|
| Capital expenditures |
|
|
0 |
0 |
|
| Other Investing Activities |
|
|
0 |
227 |
|
| Net cash flows used in investing activities |
|
|
0 |
(227) |
|
| Cash flows from financing activities: |
|
|
|
|
|
| Payments on Term Loans |
|
|
(15,938) |
(15,938) |
|
| Payments on long-term borrowings and obligations |
|
|
(176,983) |
(190,403) |
|
| Payments of Debt Issuance Costs |
|
|
|
(4,851) |
|
| Proceeds from (Repayments of) Bank Overdrafts |
|
|
(10,036) |
(10,232) |
|
| Payments for Omnicare common stock repurchase |
|
|
(160,438) |
(91,259) |
|
| Dividends paid |
|
|
(58,419) |
(43,011) |
|
| Proceeds from (payments for) Other Financing Activities including disc Ops |
|
|
463,555 |
442,769 |
|
| Net Cash Provided by (Used in) Financing Activities |
|
|
41,741 |
87,075 |
|
| Net increase (decrease) in cash and cash equivalents |
|
|
(27,124) |
44,329 |
|
| Cash and cash equivalents at beginning of period |
|
|
275,910 |
383,674 |
|
| Cash and cash equivalents at end of period |
248,786 |
428,003 |
248,786 |
428,003 |
|
| Net Cash Provided by (Used in) Discontinued Operations |
|
|
0 |
0 |
|
| Cash and Cash Equivalents Period Increase (Decrease) from Continuing Operations |
|
|
(27,124) |
44,329 |
|
|
Guarantor Subsidiaries [Member] | Convertible Senior Debentures [Member]
|
|
|
|
|
|
| Summary Consolidating Statements of Income [Abstract] |
|
|
|
|
|
| Net sales |
0 |
0 |
0 |
0 |
|
| Cost of sales |
0 |
0 |
0 |
0 |
|
| Gross profit |
0 |
0 |
0 |
0 |
|
| Selling, general and administrative expenses |
430 |
417 |
1,309 |
1,233 |
|
| Provision for doubtful accounts |
0 |
0 |
0 |
0 |
|
| Settlement, litigation and other related charges |
0 |
0 |
0 |
0 |
|
| Other miscellaneous charges |
0 |
0 |
0 |
0 |
|
| Operating income |
(430) |
(417) |
(1,309) |
(1,233) |
|
| Interest expense, net of investment income |
0 |
0 |
0 |
0 |
|
| Income before income taxes |
(430) |
(417) |
(1,309) |
(1,233) |
|
| Income tax (benefit) expense |
(168) |
(164) |
(506) |
(478) |
|
| Income (Loss) from Continuing Operations Attributable to Parent |
(262) |
(253) |
(803) |
(755) |
|
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest |
0 |
0 |
0 |
0 |
|
| Equity of net income (loss) of subsidiaries |
0 |
0 |
0 |
0 |
|
| Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest |
(262) |
(253) |
(803) |
(755) |
|
| Comprehensive income (loss) |
(262) |
(253) |
(803) |
(755) |
|
| ASSETS |
|
|
|
|
|
| Cash and Cash Equivalents, at Carrying Value |
0 |
0 |
0 |
0 |
|
| Accounts Receivable, Net, Current |
192 |
|
192 |
|
210 |
| Inventory, Net |
0 |
|
0 |
|
0 |
| Deferred Tax Assets, Net of Valuation Allowance, Current |
0 |
|
0 |
|
0 |
| Other Assets, Current |
0 |
|
0 |
|
0 |
| Assets of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
0 |
| Total current assets |
192 |
|
192 |
|
210 |
| Property, Plant and Equipment, Net |
13 |
|
13 |
|
19 |
| Goodwill |
0 |
|
0 |
|
0 |
| Intangible Assets, Net (Excluding Goodwill) |
0 |
|
0 |
|
0 |
| Other Assets, Noncurrent |
19 |
|
19 |
|
19 |
| Disposal Group, Including Discontinued Operation, Long Lived Assets, Noncurrent |
0 |
|
0 |
|
0 |
| Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures |
0 |
|
0 |
|
0 |
| Total assets |
224 |
|
224 |
|
248 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
| Current liabilities of continuing operations, excluding current portion of long-term debt |
0 |
|
0 |
|
0 |
| Debt, Current |
0 |
|
0 |
|
0 |
| Liabilities of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
0 |
| Temporary Equity, Liquidation Preference |
0 |
|
0 |
|
0 |
| Long-term Debt, Excluding Current Maturities |
0 |
|
0 |
|
0 |
| Deferred income tax liabilities |
0 |
|
0 |
|
0 |
| Other noncurrent liabilities |
0 |
|
0 |
|
0 |
| Stockholders' equity |
224 |
|
224 |
|
248 |
| Total liabilities and stockholders' equity |
224 |
|
224 |
|
248 |
| Cash flows from operating activities: |
|
|
|
|
|
| Net cash flows (used in) from operating activities |
|
|
0 |
0 |
|
| Cash flows from investing activities: |
|
|
|
|
|
| Acquisition of businesses, net of cash received |
|
|
|
0 |
|
| Proceeds from Divestiture of Businesses |
|
|
0 |
0 |
|
| Capital expenditures |
|
|
0 |
0 |
|
| Other Investing Activities |
|
|
0 |
0 |
|
| Net cash flows used in investing activities |
|
|
0 |
0 |
|
| Cash flows from financing activities: |
|
|
|
|
|
| Payments on Term Loans |
|
|
0 |
0 |
|
| Payments on long-term borrowings and obligations |
|
|
0 |
0 |
|
| Payments of Debt Issuance Costs |
|
|
|
0 |
|
| Proceeds from (Repayments of) Bank Overdrafts |
|
|
0 |
0 |
|
| Payments for Omnicare common stock repurchase |
|
|
0 |
0 |
|
| Dividends paid |
|
|
0 |
0 |
|
| Proceeds from (payments for) Other Financing Activities including disc Ops |
|
|
0 |
0 |
|
| Net Cash Provided by (Used in) Financing Activities |
|
|
0 |
0 |
|
| Net increase (decrease) in cash and cash equivalents |
|
|
0 |
0 |
|
| Cash and cash equivalents at beginning of period |
|
|
0 |
0 |
|
| Cash and cash equivalents at end of period |
0 |
0 |
0 |
0 |
|
| Net Cash Provided by (Used in) Discontinued Operations |
|
|
0 |
0 |
|
| Cash and Cash Equivalents Period Increase (Decrease) from Continuing Operations |
|
|
0 |
0 |
|
|
Guarantor Subsidiaries [Member] | Guaranteed Senior Notes Payable [Member]
|
|
|
|
|
|
| Summary Consolidating Statements of Income [Abstract] |
|
|
|
|
|
| Net sales |
1,576,811 |
1,485,545 |
4,697,025 |
4,383,420 |
|
| Cost of sales |
1,236,644 |
1,146,140 |
3,669,163 |
3,362,356 |
|
| Gross profit |
340,167 |
339,405 |
1,027,862 |
1,021,064 |
|
| Selling, general and administrative expenses |
172,857 |
176,970 |
531,899 |
547,264 |
|
| Provision for doubtful accounts |
19,570 |
24,487 |
61,202 |
73,671 |
|
| Settlement, litigation and other related charges |
12,868 |
143,484 |
27,467 |
169,615 |
|
| Other miscellaneous charges |
3,999 |
54,361 |
25,559 |
89,635 |
|
| Operating income |
130,873 |
(59,897) |
381,735 |
140,879 |
|
| Interest expense, net of investment income |
(261) |
(344) |
(1,462) |
(890) |
|
| Income before income taxes |
130,612 |
(60,241) |
380,273 |
139,989 |
|
| Income tax (benefit) expense |
48,139 |
(15,270) |
144,569 |
62,093 |
|
| Income (Loss) from Continuing Operations Attributable to Parent |
82,473 |
(44,971) |
235,704 |
77,896 |
|
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest |
(526) |
(2,100) |
(1,245) |
(9,115) |
|
| Equity of net income (loss) of subsidiaries |
0 |
0 |
0 |
0 |
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest |
81,947 |
(47,071) |
234,459 |
68,781 |
|
| Comprehensive income (loss) |
81,947 |
(47,071) |
234,459 |
68,781 |
|
| ASSETS |
|
|
|
|
|
| Cash and Cash Equivalents, at Carrying Value |
26,183 |
57,940 |
26,183 |
57,940 |
|
| Accounts Receivable, Net, Current |
648,877 |
|
648,877 |
|
693,729 |
| Inventory, Net |
486,761 |
|
486,761 |
|
505,567 |
| Deferred Tax Assets, Net of Valuation Allowance, Current |
56,135 |
|
56,135 |
|
135,148 |
| Other Assets, Current |
257,138 |
|
257,138 |
|
242,166 |
| Assets of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
12,305 |
| Total current assets |
1,475,094 |
|
1,475,094 |
|
1,656,965 |
| Property, Plant and Equipment, Net |
325,405 |
|
325,405 |
|
301,200 |
| Goodwill |
4,031,878 |
|
4,031,878 |
|
4,028,651 |
| Intangible Assets, Net (Excluding Goodwill) |
104,884 |
|
104,884 |
|
127,798 |
| Other Assets, Noncurrent |
57,571 |
|
57,571 |
|
54,834 |
| Disposal Group, Including Discontinued Operation, Long Lived Assets, Noncurrent |
0 |
|
0 |
|
3,762 |
| Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures |
0 |
|
0 |
|
0 |
| Total assets |
5,994,832 |
|
5,994,832 |
|
6,173,210 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
| Current liabilities of continuing operations, excluding current portion of long-term debt |
472,964 |
|
472,964 |
|
793,461 |
| Debt, Current |
0 |
|
0 |
|
0 |
| Liabilities of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
1,894 |
| Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent |
0 |
|
0 |
|
176 |
| Temporary Equity, Liquidation Preference |
0 |
|
0 |
|
0 |
| Long-term Debt, Excluding Current Maturities |
8,758 |
|
8,758 |
|
13,191 |
| Deferred income tax liabilities |
645,327 |
|
645,327 |
|
635,640 |
| Other noncurrent liabilities |
58,891 |
|
58,891 |
|
52,072 |
| Stockholders' equity |
4,808,892 |
|
4,808,892 |
|
4,676,776 |
| Total liabilities and stockholders' equity |
5,994,832 |
|
5,994,832 |
|
6,173,210 |
| Cash flows from operating activities: |
|
|
|
|
|
| Net cash flows (used in) from operating activities |
|
|
425,119 |
507,984 |
|
| Cash flows from investing activities: |
|
|
|
|
|
| Acquisition of businesses, net of cash received |
|
|
|
3,798 |
|
| Proceeds from Divestiture of Businesses |
|
|
71,194 |
675 |
|
| Capital expenditures |
|
|
(67,217) |
(71,984) |
|
| Other Investing Activities |
|
|
881 |
180 |
|
| Net cash flows used in investing activities |
|
|
3,096 |
(75,287) |
|
| Cash flows from financing activities: |
|
|
|
|
|
| Payments on Term Loans |
|
|
0 |
0 |
|
| Payments on long-term borrowings and obligations |
|
|
0 |
|
|
| Payments of Debt Issuance Costs |
|
|
|
0 |
|
| Proceeds from (Repayments of) Bank Overdrafts |
|
|
(9,750) |
(1,258) |
|
| Payments for Omnicare common stock repurchase |
|
|
0 |
0 |
|
| Dividends paid |
|
|
0 |
0 |
|
| Proceeds from (payments for) Other Financing Activities including disc Ops |
|
|
(458,908) |
(422,607) |
|
| Net Cash Provided by (Used in) Financing Activities |
|
|
(468,658) |
(423,865) |
|
| Net increase (decrease) in cash and cash equivalents |
|
|
(40,443) |
8,832 |
|
| Cash and cash equivalents at beginning of period |
|
|
68,050 |
49,108 |
|
| Cash and cash equivalents at end of period |
26,183 |
57,940 |
26,183 |
57,940 |
|
| Net Cash Provided by (Used in) Discontinued Operations |
|
|
1,424 |
0 |
|
| Cash and Cash Equivalents Period Increase (Decrease) from Continuing Operations |
|
|
(41,867) |
8,832 |
|
|
Non-Guarantor Subsidiaries [Member] | Convertible Senior Debentures [Member]
|
|
|
|
|
|
| Summary Consolidating Statements of Income [Abstract] |
|
|
|
|
|
| Net sales |
1,608,055 |
1,515,168 |
4,789,677 |
4,477,229 |
|
| Cost of sales |
1,256,595 |
1,163,197 |
3,725,533 |
3,416,039 |
|
| Gross profit |
351,460 |
351,971 |
1,064,144 |
1,061,190 |
|
| Selling, general and administrative expenses |
177,457 |
180,747 |
545,026 |
560,347 |
|
| Provision for doubtful accounts |
19,911 |
24,963 |
62,562 |
75,113 |
|
| Settlement, litigation and other related charges |
12,868 |
143,484 |
27,467 |
169,615 |
|
| Other miscellaneous charges |
3,999 |
61,632 |
25,559 |
96,906 |
|
| Operating income |
137,225 |
(58,855) |
403,530 |
159,209 |
|
| Interest expense, net of investment income |
(261) |
(342) |
(1,462) |
(1,254) |
|
| Income before income taxes |
136,964 |
(59,197) |
402,068 |
157,955 |
|
| Income tax (benefit) expense |
50,619 |
(11,996) |
152,993 |
71,877 |
|
| Income (Loss) from Continuing Operations Attributable to Parent |
86,345 |
(47,201) |
249,075 |
86,078 |
|
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest |
(3,246) |
3,042 |
(42,385) |
13,999 |
|
| Equity of net income (loss) of subsidiaries |
0 |
0 |
0 |
0 |
|
| Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest |
83,099 |
(44,159) |
206,690 |
100,077 |
|
| Comprehensive income (loss) |
83,099 |
(44,159) |
206,690 |
100,077 |
|
| ASSETS |
|
|
|
|
|
| Cash and Cash Equivalents, at Carrying Value |
38,157 |
70,260 |
38,157 |
70,260 |
|
| Accounts Receivable, Net, Current |
651,224 |
|
651,224 |
|
695,684 |
| Inventory, Net |
494,563 |
|
494,563 |
|
512,418 |
| Deferred Tax Assets, Net of Valuation Allowance, Current |
56,084 |
|
56,084 |
|
135,094 |
| Other Assets, Current |
284,659 |
|
284,659 |
|
263,547 |
| Assets of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
49,995 |
| Total current assets |
1,524,687 |
|
1,524,687 |
|
1,736,829 |
| Property, Plant and Equipment, Net |
330,588 |
|
330,588 |
|
305,869 |
| Goodwill |
4,060,683 |
|
4,060,683 |
|
4,057,456 |
| Intangible Assets, Net (Excluding Goodwill) |
106,425 |
|
106,425 |
|
129,974 |
| Other Assets, Noncurrent |
57,591 |
|
57,591 |
|
54,878 |
| Disposal Group, Including Discontinued Operation, Long Lived Assets, Noncurrent |
0 |
|
0 |
|
87,078 |
| Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures |
0 |
|
0 |
|
0 |
| Total assets |
6,079,974 |
|
6,079,974 |
|
6,372,084 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
| Current liabilities of continuing operations, excluding current portion of long-term debt |
412,968 |
|
412,968 |
|
504,289 |
| Debt, Current |
0 |
|
0 |
|
0 |
| Liabilities of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
18,846 |
| Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent |
0 |
|
0 |
|
1,398 |
| Temporary Equity, Liquidation Preference |
0 |
|
0 |
|
0 |
| Long-term Debt, Excluding Current Maturities |
8,758 |
|
8,758 |
|
13,191 |
| Deferred income tax liabilities |
644,902 |
|
644,902 |
|
649,493 |
| Other noncurrent liabilities |
60,701 |
|
60,701 |
|
53,835 |
| Stockholders' equity |
4,952,645 |
|
4,952,645 |
|
5,131,032 |
| Total liabilities and stockholders' equity |
6,079,974 |
|
6,079,974 |
|
6,372,084 |
| Cash flows from operating activities: |
|
|
|
|
|
| Net cash flows (used in) from operating activities |
|
|
424,282 |
497,184 |
|
| Cash flows from investing activities: |
|
|
|
|
|
| Acquisition of businesses, net of cash received |
|
|
|
3,798 |
|
| Proceeds from Divestiture of Businesses |
|
|
71,194 |
11,083 |
|
| Capital expenditures |
|
|
(67,871) |
(73,279) |
|
| Other Investing Activities |
|
|
881 |
180 |
|
| Net cash flows used in investing activities |
|
|
2,442 |
(66,174) |
|
| Cash flows from financing activities: |
|
|
|
|
|
| Payments on Term Loans |
|
|
0 |
0 |
|
| Payments on long-term borrowings and obligations |
|
|
0 |
0 |
|
| Payments of Debt Issuance Costs |
|
|
|
0 |
|
| Proceeds from (Repayments of) Bank Overdrafts |
|
|
(9,750) |
(1,258) |
|
| Payments for Omnicare common stock repurchase |
|
|
0 |
0 |
|
| Dividends paid |
|
|
0 |
0 |
|
| Proceeds from (payments for) Other Financing Activities including disc Ops |
|
|
(458,908) |
(422,607) |
|
| Net Cash Provided by (Used in) Financing Activities |
|
|
(468,658) |
(423,865) |
|
| Net increase (decrease) in cash and cash equivalents |
|
|
(41,934) |
7,145 |
|
| Cash and cash equivalents at beginning of period |
|
|
80,091 |
60,946 |
|
| Cash and cash equivalents at end of period |
38,157 |
70,260 |
38,157 |
70,260 |
|
| Net Cash Provided by (Used in) Discontinued Operations |
|
|
0 |
(2,169) |
|
| Cash and Cash Equivalents Period Increase (Decrease) from Continuing Operations |
|
|
(41,934) |
9,314 |
|
|
Non-Guarantor Subsidiaries [Member] | Guaranteed Senior Notes Payable [Member]
|
|
|
|
|
|
| Summary Consolidating Statements of Income [Abstract] |
|
|
|
|
|
| Net sales |
31,244 |
29,623 |
92,652 |
93,809 |
|
| Cost of sales |
19,951 |
17,057 |
56,370 |
53,683 |
|
| Gross profit |
11,293 |
12,566 |
36,282 |
40,126 |
|
| Selling, general and administrative expenses |
5,030 |
4,194 |
14,436 |
14,316 |
|
| Provision for doubtful accounts |
341 |
476 |
1,360 |
1,442 |
|
| Settlement, litigation and other related charges |
0 |
0 |
0 |
0 |
|
| Other miscellaneous charges |
0 |
7,271 |
0 |
7,271 |
|
| Operating income |
5,922 |
625 |
20,486 |
17,097 |
|
| Interest expense, net of investment income |
0 |
2 |
0 |
(364) |
|
| Income before income taxes |
5,922 |
627 |
20,486 |
16,733 |
|
| Income tax (benefit) expense |
2,312 |
3,110 |
7,918 |
9,306 |
|
| Income (Loss) from Continuing Operations Attributable to Parent |
3,610 |
(2,483) |
12,568 |
7,427 |
|
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest |
(2,720) |
5,142 |
(41,140) |
23,114 |
|
| Equity of net income (loss) of subsidiaries |
0 |
0 |
0 |
0 |
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest |
890 |
2,659 |
(28,572) |
30,541 |
|
| Comprehensive income (loss) |
890 |
2,659 |
(28,572) |
30,541 |
|
| ASSETS |
|
|
|
|
|
| Cash and Cash Equivalents, at Carrying Value |
11,974 |
12,320 |
11,974 |
12,320 |
|
| Accounts Receivable, Net, Current |
94,673 |
|
94,673 |
|
315,323 |
| Inventory, Net |
7,802 |
|
7,802 |
|
6,851 |
| Deferred Tax Assets, Net of Valuation Allowance, Current |
374 |
|
374 |
|
0 |
| Other Assets, Current |
27,521 |
|
27,521 |
|
21,381 |
| Assets of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
37,690 |
| Total current assets |
142,344 |
|
142,344 |
|
393,286 |
| Property, Plant and Equipment, Net |
5,196 |
|
5,196 |
|
4,688 |
| Goodwill |
28,805 |
|
28,805 |
|
28,805 |
| Intangible Assets, Net (Excluding Goodwill) |
1,541 |
|
1,541 |
|
2,176 |
| Other Assets, Noncurrent |
39 |
|
39 |
|
63 |
| Disposal Group, Including Discontinued Operation, Long Lived Assets, Noncurrent |
0 |
|
0 |
|
83,316 |
| Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures |
0 |
|
0 |
|
0 |
| Total assets |
177,925 |
|
177,925 |
|
512,334 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
| Current liabilities of continuing operations, excluding current portion of long-term debt |
32,138 |
|
32,138 |
|
23,986 |
| Debt, Current |
0 |
|
0 |
|
0 |
| Liabilities of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
16,952 |
| Liabilities of Disposal Group, Including Discontinued Operation, Noncurrent |
0 |
|
0 |
|
1,222 |
| Temporary Equity, Liquidation Preference |
0 |
|
0 |
|
0 |
| Long-term Debt, Excluding Current Maturities |
0 |
|
0 |
|
0 |
| Deferred income tax liabilities |
0 |
|
0 |
|
13,907 |
| Other noncurrent liabilities |
1,810 |
|
1,810 |
|
1,763 |
| Stockholders' equity |
143,977 |
|
143,977 |
|
454,504 |
| Total liabilities and stockholders' equity |
177,925 |
|
177,925 |
|
512,334 |
| Cash flows from operating activities: |
|
|
|
|
|
| Net cash flows (used in) from operating activities |
|
|
(837) |
(10,800) |
|
| Cash flows from investing activities: |
|
|
|
|
|
| Acquisition of businesses, net of cash received |
|
|
|
0 |
|
| Proceeds from Divestiture of Businesses |
|
|
0 |
10,408 |
|
| Capital expenditures |
|
|
(654) |
(1,295) |
|
| Other Investing Activities |
|
|
0 |
0 |
|
| Net cash flows used in investing activities |
|
|
(654) |
9,113 |
|
| Cash flows from financing activities: |
|
|
|
|
|
| Payments on Term Loans |
|
|
0 |
0 |
|
| Payments on long-term borrowings and obligations |
|
|
0 |
|
|
| Payments of Debt Issuance Costs |
|
|
|
0 |
|
| Proceeds from (Repayments of) Bank Overdrafts |
|
|
0 |
0 |
|
| Payments for Omnicare common stock repurchase |
|
|
0 |
0 |
|
| Dividends paid |
|
|
0 |
0 |
|
| Proceeds from (payments for) Other Financing Activities including disc Ops |
|
|
0 |
0 |
|
| Net Cash Provided by (Used in) Financing Activities |
|
|
0 |
0 |
|
| Net increase (decrease) in cash and cash equivalents |
|
|
(1,491) |
(1,687) |
|
| Cash and cash equivalents at beginning of period |
|
|
12,041 |
11,838 |
|
| Cash and cash equivalents at end of period |
11,974 |
12,320 |
11,974 |
12,320 |
|
| Net Cash Provided by (Used in) Discontinued Operations |
|
|
(1,424) |
(2,169) |
|
| Cash and Cash Equivalents Period Increase (Decrease) from Continuing Operations |
|
|
(67) |
482 |
|
|
Consolidating, Eliminating Adjustments [Member]
|
|
|
|
|
|
| Summary Consolidating Statements of Income [Abstract] |
|
|
|
|
|
| Comprehensive income (loss) |
(82,837) |
44,412 |
(205,887) |
(99,322) |
|
|
Consolidating, Eliminating Adjustments [Member] | Convertible Senior Debentures [Member]
|
|
|
|
|
|
| Summary Consolidating Statements of Income [Abstract] |
|
|
|
|
|
| Net sales |
0 |
0 |
0 |
0 |
|
| Cost of sales |
0 |
0 |
0 |
0 |
|
| Gross profit |
0 |
0 |
0 |
0 |
|
| Selling, general and administrative expenses |
0 |
0 |
0 |
0 |
|
| Provision for doubtful accounts |
0 |
0 |
0 |
0 |
|
| Settlement, litigation and other related charges |
0 |
0 |
0 |
0 |
|
| Other miscellaneous charges |
0 |
0 |
0 |
0 |
|
| Operating income |
0 |
0 |
0 |
0 |
|
| Interest expense, net of investment income |
0 |
0 |
0 |
0 |
|
| Income before income taxes |
0 |
0 |
0 |
0 |
|
| Income tax (benefit) expense |
0 |
0 |
0 |
0 |
|
| Income (Loss) from Continuing Operations Attributable to Parent |
0 |
0 |
0 |
0 |
|
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest |
0 |
0 |
0 |
0 |
|
| Equity of net income (loss) of subsidiaries |
(82,837) |
44,412 |
(205,887) |
(99,322) |
|
| Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest |
(82,837) |
44,412 |
(205,887) |
(99,322) |
|
| ASSETS |
|
|
|
|
|
| Cash and Cash Equivalents, at Carrying Value |
0 |
|
0 |
|
|
| Accounts Receivable, Net, Current |
(192) |
|
(192) |
|
(210) |
| Inventory, Net |
0 |
|
0 |
|
0 |
| Deferred Tax Assets, Net of Valuation Allowance, Current |
0 |
|
0 |
|
0 |
| Other Assets, Current |
0 |
|
0 |
|
0 |
| Assets of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
0 |
| Total current assets |
(192) |
|
(192) |
|
(210) |
| Property, Plant and Equipment, Net |
0 |
|
0 |
|
0 |
| Goodwill |
0 |
|
0 |
|
0 |
| Intangible Assets, Net (Excluding Goodwill) |
0 |
|
0 |
|
0 |
| Other Assets, Noncurrent |
0 |
|
0 |
|
0 |
| Disposal Group, Including Discontinued Operation, Long Lived Assets, Noncurrent |
0 |
|
0 |
|
0 |
| Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures |
(4,952,869) |
|
(4,952,869) |
|
(5,131,280) |
| Total assets |
(4,953,061) |
|
(4,953,061) |
|
(5,131,490) |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
| Current liabilities of continuing operations, excluding current portion of long-term debt |
(192) |
|
(192) |
|
(210) |
| Debt, Current |
0 |
|
0 |
|
0 |
| Liabilities of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
0 |
| Temporary Equity, Liquidation Preference |
0 |
|
0 |
|
0 |
| Long-term Debt, Excluding Current Maturities |
0 |
|
0 |
|
0 |
| Deferred income tax liabilities |
0 |
|
0 |
|
0 |
| Other noncurrent liabilities |
0 |
|
0 |
|
0 |
| Stockholders' equity |
(4,952,869) |
|
(4,952,869) |
|
(5,131,280) |
| Total liabilities and stockholders' equity |
(4,953,061) |
|
(4,953,061) |
|
(5,131,490) |
| Cash flows from financing activities: |
|
|
|
|
|
| Cash and cash equivalents at beginning of period |
|
|
0 |
|
|
| Cash and cash equivalents at end of period |
0 |
|
0 |
|
|
|
Consolidating, Eliminating Adjustments [Member] | Guaranteed Senior Notes Payable [Member]
|
|
|
|
|
|
| Summary Consolidating Statements of Income [Abstract] |
|
|
|
|
|
| Net sales |
0 |
0 |
0 |
0 |
|
| Cost of sales |
0 |
0 |
0 |
0 |
|
| Gross profit |
0 |
0 |
0 |
0 |
|
| Selling, general and administrative expenses |
0 |
0 |
0 |
0 |
|
| Provision for doubtful accounts |
0 |
0 |
0 |
0 |
|
| Settlement, litigation and other related charges |
0 |
0 |
0 |
0 |
|
| Other miscellaneous charges |
0 |
0 |
0 |
0 |
|
| Operating income |
0 |
0 |
0 |
0 |
|
| Interest expense, net of investment income |
0 |
0 |
0 |
0 |
|
| Income before income taxes |
0 |
0 |
0 |
0 |
|
| Income tax (benefit) expense |
0 |
0 |
0 |
0 |
|
| Income (Loss) from Continuing Operations Attributable to Parent |
0 |
0 |
0 |
0 |
|
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest |
0 |
0 |
0 |
0 |
|
| Equity of net income (loss) of subsidiaries |
(82,837) |
44,412 |
(205,887) |
(99,322) |
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest |
(82,837) |
44,412 |
(205,887) |
(99,322) |
|
| ASSETS |
|
|
|
|
|
| Cash and Cash Equivalents, at Carrying Value |
0 |
|
0 |
|
|
| Accounts Receivable, Net, Current |
(92,326) |
|
(92,326) |
|
(313,368) |
| Inventory, Net |
0 |
|
0 |
|
0 |
| Deferred Tax Assets, Net of Valuation Allowance, Current |
(425) |
|
(425) |
|
(54) |
| Other Assets, Current |
0 |
|
0 |
|
0 |
| Assets of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
0 |
| Total current assets |
(92,751) |
|
(92,751) |
|
(313,422) |
| Property, Plant and Equipment, Net |
0 |
|
0 |
|
0 |
| Goodwill |
0 |
|
0 |
|
0 |
| Intangible Assets, Net (Excluding Goodwill) |
0 |
|
0 |
|
0 |
| Other Assets, Noncurrent |
0 |
|
0 |
|
0 |
| Disposal Group, Including Discontinued Operation, Long Lived Assets, Noncurrent |
0 |
|
0 |
|
0 |
| Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures |
(4,952,869) |
|
(4,952,869) |
|
(5,131,280) |
| Total assets |
(5,045,620) |
|
(5,045,620) |
|
(5,444,702) |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
| Current liabilities of continuing operations, excluding current portion of long-term debt |
(92,326) |
|
(92,326) |
|
(313,368) |
| Debt, Current |
0 |
|
0 |
|
0 |
| Liabilities of Disposal Group, Including Discontinued Operation, Current |
0 |
|
0 |
|
0 |
| Temporary Equity, Liquidation Preference |
0 |
|
0 |
|
0 |
| Long-term Debt, Excluding Current Maturities |
0 |
|
0 |
|
0 |
| Deferred income tax liabilities |
(425) |
|
(425) |
|
(54) |
| Other noncurrent liabilities |
0 |
|
0 |
|
0 |
| Stockholders' equity |
(4,952,869) |
|
(4,952,869) |
|
(5,131,280) |
| Total liabilities and stockholders' equity |
(5,045,620) |
|
(5,045,620) |
|
(5,444,702) |
| Cash flows from financing activities: |
|
|
|
|
|
| Cash and cash equivalents at beginning of period |
|
|
0 |
|
|
| Cash and cash equivalents at end of period |
$ 0 |
|
$ 0 |
|
|