þ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|
Commission
File Number |
Registrant, State of Incorporation
Address and Telephone Number |
I.R.S. Employer
Identification Number |
||
1-16671 | AmerisourceBergen Corporation | 23-3079390 |
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Non-accelerated filer
o
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EX-101 INSTANCE DOCUMENT | ||||||||
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EX-101 CALCULATION LINKBASE DOCUMENT | ||||||||
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EX-101 PRESENTATION LINKBASE DOCUMENT | ||||||||
EX-101 DEFINITION LINKBASE DOCUMENT |
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
ITEM 1.
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
ITEM 1A.
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
ITEM 1B.
ITEM 2.
ITEM 3.
Table of Contents
Name
Age
Current Position with the Company
50
President and Chief Executive Officer
55
Executive Vice President, General Counsel and Secretary
50
Executive Vice President and Chief Financial Officer
60
Senior Vice President, Human Resources
39
Senior Vice President and President, AmerisourceBergen Specialty
Distribution and Services
44
Senior Vice President, AmerisourceBergen Business Development
and President, AmerisourceBergen Consulting Services
54
Senior Vice President and President, AmerisourceBergen Drug Corporation
Table of Contents
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
ITEM 5.
Fiscal Year Ended September 30, 2011
High
Low
$
34.64
$
30.74
$
39.73
$
33.94
$
42.44
$
39.50
$
43.09
$
34.63
$
26.41
$
21.62
$
29.29
$
25.77
$
32.88
$
28.59
$
32.79
$
27.28
Table of Contents
Approximate
Total Number of
Dollar Value of
Average
Shares Purchased
Shares that May
Total Number
Price
as Part of Publicly
Yet Be Purchased
of Shares
Paid per
Announced
Under the
Period
Purchased
Share
Programs
Programs
1,421,316
$
30.74
1,421,316
$
554,396,942
3,458,503
$
31.05
3,456,231
$
447,077,111
1,077,385
$
31.83
1,074,760
$
412,869,237
$
$
412,869,237
95,704
$
37.39
$
412,869,237
1,902,616
$
36.64
1,902,616
$
343,149,418
394
$
40.35
$
343,149,418
2,110,292
$
41.42
2,109,473
$
255,755,641
1,409,098
$
40.94
1,408,985
$
198,087,242
2,995,566
$
39.12
2,992,121
$
81,033,599
6,584,883
$
37.80
6,584,883
$
582,101,954
2,165,027
$
37.92
2,165,027
$
500,000,113
23,220,784
$
36.69
23,115,412
(a)
(b)
(c)
(d)
Table of Contents
*
Table of Contents
ITEM 6.
As of or for the Fiscal Year Ended September 30,
2011(a)
2010(b)
2009(c)
2008(d)
2007(e)
(Amounts in thousands, except per share amounts)
$
80,217,558
$
77,953,979
$
71,759,990
$
70,189,733
$
65,672,072
2,539,096
2,356,642
2,100,075
2,047,002
2,219,059
1,336,351
1,253,007
1,216,326
1,219,141
1,430,322
1,202,745
1,103,635
883,749
827,861
788,737
76,721
72,494
58,307
64,496
32,244
706,624
636,748
511,852
469,064
474,803
706,624
636,748
503,397
250,559
469,167
$
2.54
$
2.22
$
1.69
$
1.44
$
1.26
$
2.54
$
2.22
$
1.66
$
0.77
$
1.25
$
0.43
$
0.32
$
0.21
$
0.15
$
0.10
277,717
287,246
302,754
324,920
375,772
$
1,825,990
$
1,658,182
$
1,009,368
$
878,114
$
640,204
467,419
3,837,203
3,827,484
3,916,509
3,480,267
3,415,772
5,466,534
5,210,098
4,972,820
4,211,775
4,097,811
772,916
711,712
619,238
552,159
493,647
14,982,671
14,434,843
13,572,740
12,217,786
12,310,064
9,202,115
8,833,285
8,517,162
7,326,580
6,964,594
1,364,952
1,343,580
1,178,001
1,189,131
1,227,553
2,866,858
2,954,297
2,716,469
2,710,045
3,099,720
$
14,982,671
$
14,434,843
$
13,572,740
$
12,217,786
$
12,310,064
(a)
(b)
(c)
(d)
(e)
Table of Contents
ITEM 7.
Table of Contents
Summary Financial Information
2011
2010
vs.
vs.
Fiscal Year Ended September 30,
2010
2009
(dollars in thousands)
2011
2010
2009
Change
Change
$
80,217,558
$
77,953,979
$
71,759,990
2.9
%
8.6
%
$
2,539,096
$
2,356,642
$
2,100,075
7.7
%
12.2
%
$
1,202,745
$
1,103,635
$
883,749
9.0
%
24.9
%
3.17
%
3.02
%
2.93
%
1.67
%
1.61
%
1.69
%
1.50
%
1.42
%
1.23
%
Table of Contents
Table of Contents
2011
2010
Weighted Average
Weighted Average
Amount
Interest Rate
Amount
Interest Rate
$
78,902
5.31
%
$
74,805
5.19
%
(2,181
)
0.19
%
(2,311
)
0.21
%
$
76,721
$
72,494
Table of Contents
Table of Contents
2010
2009
Weighted Average
Weighted Average
Amount
Interest Rate
Amount
Interest Rate
$
74,805
5.19
%
$
63,502
4.88
%
(2,311
)
0.21
%
(5,195
)
0.85
%
$
72,494
$
58,307
Table of Contents
Table of Contents
Table of Contents
Outstanding
Additional
Balance
Availability
$
392,000
$
498,822
397,190
89
1,288,101
55,000
21,851
667,779
700,000
1,558
76,851
1,369,337
$
1,364,952
$
1,369,337
Table of Contents
Table of Contents
Payments Due by Period
Within 1
After 5
Total
Year
1-3 Years
4-5 Years
Years
$
1,676,831
$
519,271
$
98,832
$
590,478
$
468,250
215,524
43,791
69,370
49,301
53,062
277,832
148,275
106,286
23,271
$
2,170,187
$
711,337
$
274,488
$
663,050
$
521,312
Table of Contents
Table of Contents
Table of Contents
ITEM 7A.
Table of Contents
ITEM 8.
Page
36
37
38
39
40
41
Table of Contents
/s/ Ernst & Young LLP
November 22, 2011
Table of Contents
September 30,
September 30,
2011
2010
(In thousands, except share and per
share data)
$
1,825,990
$
1,658,182
3,837,203
3,827,484
5,466,534
5,210,098
87,896
52,586
11,217,623
10,748,350
35,998
36,407
316,199
307,448
977,320
841,586
1,329,517
1,185,441
(556,601
)
(473,729
)
772,916
711,712
2,863,084
2,845,343
129,048
129,438
$
14,982,671
$
14,434,843
$
9,202,115
$
8,833,285
422,917
369,016
392,089
422
837,999
703,621
10,855,120
9,906,344
972,863
1,343,158
287,830
231,044
4,965
4,898
4,082,978
3,899,381
4,055,664
3,465,886
(50,868
)
(42,536
)
8,092,739
7,327,629
(5,225,881
)
(4,373,332
)
2,866,858
2,954,297
$
14,982,671
$
14,434,843
Table of Contents
Fiscal Year Ended September 30,
2011
2010
2009
(In thousands, except per share data)
$
80,217,558
$
77,953,979
$
71,759,990
77,678,462
75,597,337
69,659,915
2,539,096
2,356,642
2,100,075
1,197,969
1,167,828
1,120,240
91,819
70,004
63,488
16,490
16,457
15,420
23,567
(4,482
)
5,406
6,506
3,200
11,772
1,202,745
1,103,635
883,749
(4,617
)
3,372
1,368
76,721
72,494
58,307
1,130,641
1,027,769
824,074
424,017
391,021
312,222
706,624
636,748
511,852
(8,455
)
$
706,624
$
636,748
$
503,397
$
2.59
$
2.26
$
1.70
(0.03
)
$
2.59
$
2.26
$
1.67
$
2.54
$
2.22
$
1.69
(0.03
)
$
2.54
$
2.22
$
1.66
272,471
282,258
300,573
277,717
287,246
302,754
Table of Contents
Accumulated
Additional
Other
Common
Paid-in
Retained
Comprehensive
Treasury
Stock
Capital
Earnings
Loss
Stock
Total
(In thousands, except per share data)
$
4,812
$
3,689,617
$
2,479,078
$
(16,490
)
$
(3,446,972
)
$
2,710,045
503,397
503,397
(4,707
)
(4,707
)
(25,007
)
(25,007
)
108
108
473,791
(62,696
)
(62,696
)
13
20,543
20,556
1,510
1,510
27,138
27,138
(985
)
(985
)
(450,350
)
(450,350
)
(2,521
)
(2,521
)
4
12
(19
)
(16
)
(19
)
4,829
3,737,835
2,919,760
(46,096
)
(3,899,859
)
2,716,469
636,748
636,748
6,608
6,608
(3,158
)
(3,158
)
108
108
640,306
(90,622
)
(90,622
)
66
111,617
111,683
21,036
21,036
30,844
30,844
(1,948
)
(1,948
)
(470,356
)
(470,356
)
(3,117
)
(3,117
)
3
(3
)
2
2
4,898
3,899,381
3,465,886
(42,536
)
(4,373,332
)
2,954,297
706,624
706,624
(5,301
)
(5,301
)
(3,139
)
(3,139
)
108
108
698,292
(117,624
)
(117,624
)
64
115,756
115,820
39,711
39,711
28,365
28,365
(232
)
(232
)
(848,614
)
(848,614
)
(3,935
)
(3,935
)
3
(3
)
778
778
$
4,965
$
4,082,978
$
4,055,664
$
(50,868
)
$
(5,225,881
)
$
2,866,858
Table of Contents
Fiscal Year Ended September 30,
2011
2010
2009
(In thousands)
$
706,624
$
636,748
$
503,397
8,455
706,624
636,748
511,852
104,743
82,753
74,612
21,198
21,419
19,704
39,315
43,124
31,830
194,997
85,478
84,324
28,365
30,844
27,138
853
8,795
3,318
4,489
7,555
13,031
(35,457
)
61,160
(457,771
)
(272,294
)
(242,967
)
(765,011
)
(27,472
)
10,325
(15,379
)
406,387
385,385
1,259,604
(3,800
)
(21,995
)
3,744
1,167,948
1,108,624
790,996
(7,233
)
1,167,948
1,108,624
783,763
(167,954
)
(184,635
)
(145,837
)
(45,380
)
(13,422
)
916
264
108
11,940
(212,418
)
(184,371
)
(147,211
)
(1,138
)
(212,418
)
(184,371
)
(148,349
)
396,696
(7,664
)
866,631
1,027,738
2,153,527
(844,204
)
(1,253,731
)
(2,162,365
)
(840,577
)
(470,356
)
(450,350
)
155,531
132,719
22,066
(117,624
)
(90,622
)
(62,696
)
(7,479
)
(10,219
)
(4,342
)
(787,722
)
(275,439
)
(504,160
)
167,808
648,814
131,254
1,658,182
1,009,368
878,114
$
1,825,990
$
1,658,182
$
1,009,368
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Fiscal Year Ended September 30,
2011
2010
2009
$
198,410
$
269,218
$
200,902
27,136
34,828
24,942
3,474
1,497
2,054
229,020
305,543
227,898
176,226
69,295
81,711
20,095
12,995
6,178
(1,324
)
3,188
(3,565
)
194,997
85,478
84,324
$
424,017
$
391,021
$
312,222
Fiscal Year Ended September 30,
2011
2010
2009
35.0
%
35.0
%
35.0
%
1.8
3.3
2.3
(0.1
)
(0.1
)
0.8
(0.3
)
0.7
37.5
%
38.0
%
37.9
%
September 30,
2011
2010
$
898,440
$
784,144
139,890
71,582
155,183
156,244
1,588
1,930
1,195,101
1,013,900
(41,410
)
(27,640
)
(230,122
)
(226,322
)
(32,925
)
(36,217
)
(923
)
(14,518
)
(24,056
)
(20,987
)
(26,358
)
(27,016
)
(44,703
)
(47,869
)
(400,497
)
(400,569
)
249,906
235,260
(150,591
)
(165,309
)
$
1,044,510
$
848,591
Table of Contents
$
34,020
8,250
624
(2,114
)
(1,073
)
(2,058
)
37,649
6,710
737
(4,826
)
(2,810
)
(630
)
36,830
5,866
3,592
(386
)
(7,136
)
(2,963
)
$
35,803
Table of Contents
$
2,542,352
2,722
(707
)
2,544,367
25,907
(2,046
)
(3,001
)
$
2,565,227
September 30, 2011
September 30, 2010
Gross
Net
Gross
Net
Carrying
Accumulated
Carrying
Carrying
Accumulated
Carrying
Amount
Amortization
Amount
Amount
Amortization
Amount
$
237,711
$
$
237,711
$
238,355
$
$
238,355
117,540
(73,987
)
43,553
121,940
(69,207
)
52,733
47,304
(30,711
)
16,593
36,330
(26,442
)
9,888
$
402,555
$
(104,698
)
$
297,857
$
396,625
$
(95,649
)
$
300,976
Table of Contents
September 30,
2011
2010
(Dollars in thousands)
$
55,000
$
55,000
21,851
907
392,000
391,682
498,822
498,568
397,190
396,915
89
508
1,364,952
1,343,580
392,089
422
$
972,863
$
1,343,158
Table of Contents
Table of Contents
September 30,
2011
2010
$
(47,366
)
$
(44,227
)
(3,228
)
2,073
(274
)
(382
)
$
(50,868
)
$
(42,536
)
Table of Contents
September 30,
2011
2010
2009
272,471
282,258
300,573
5,246
4,988
2,181
277,717
287,246
302,754
Table of Contents
Fiscal Year Ended
September 30,
2011
2010
$
142,982
$
128,928
7,036
6,959
11,287
11,801
(6,446
)
(4,706
)
28
$
154,887
$
142,982
$
113,475
$
81,294
4,014
13,072
12,185
24,525
(986
)
(710
)
(6,446
)
(4,706
)
$
122,242
$
113,475
$
(32,645
)
$
(29,507
)
$
(32,645
)
$
(29,507
)
$
(10,730
)
$
(4,438
)
(21,915
)
(25,069
)
$
(32,645
)
$
(29,507
)
2011
2010
4.60
%
5.00
%
N/A
N/A
8.00
%
8.00
%
Fiscal Year Ended September 30,
2011
2010
2009
$
7,036
$
6,959
$
6,958
(9,289
)
(7,918
)
(8,102
)
4,768
3,964
1,313
828
52
297
3,343
3,057
466
340
364
385
$
3,683
$
3,421
$
851
Table of Contents
2011
2010
2009
5.00
%
5.55
%
6.85
%
N/A
N/A
N/A
8.00
%
8.00
%
8.00
%
Pension Benefits
Target
Allocation
Allocation
2011
2010
2011
2010
53
%
60
%
60
%
60
%
47
40
40
40
100
%
100
%
100
%
100
%
Table of Contents
2011
2010
$
154,887
$
142,982
$
154,887
$
142,982
$
122,242
$
113,475
Pension Benefits
$
16,035
6,036
6,398
6,748
8,041
40,347
$
83,605
Table of Contents
Fiscal Year Ended
September 30,
2011
2010
$
12,777
$
12,251
604
635
(538
)
1,287
(1,343
)
(1,396
)
$
11,500
$
12,777
$
$
1,343
1,396
(1,343
)
(1,396
)
$
$
$
(11,500
)
$
(12,777
)
$
(11,500
)
$
(12,777
)
$
(1,186
)
$
(1,302
)
(10,314
)
(11,475
)
$
(11,500
)
$
(12,777
)
2011
2010
4.60
%
5.00
%
8.10
%
8.39
%
4.50
%
4.50
%
2021
2020
One Percentage Point
Increase
Decrease
$
54
$
(46
)
$
1,195
$
(1,011
)
Table of Contents
Fiscal Year Ended
September 30,
2011
2010
2009
$
604
$
634
$
703
(455
)
(532
)
(879
)
$
149
$
102
$
(176
)
2011
2010
2009
5.00
%
5.55
%
6.85
%
8.39
%
8.25
%
9.00
%
4.50
%
5.00
%
5.00
%
2021
2020
2019
Postretirement
Benefits
$
1,186
1,023
951
783
745
3,209
$
7,897
Table of Contents
Fiscal Year Ended September 30,
2011
2010
2009
1.80
%
1.76
%
1.59
%
1.10
%
1.14
%
1.13
%
26.46
%
27.11
%
31.82
%
3.83 years
3.84 years
3.83 years
Table of Contents
Weighted
Weighted
Average
Average
Remaining
Aggregate
Exercise
Contractual
Intrinsic
Options
Price
Term
Value
(000s)
(000s)
21,289
$
21
5 years
3,301
$
36
(6,349
)
$
18
(393
)
$
25
17,848
$
24
5 years
$
230,285
9,936
$
21
4 years
$
164,616
7,170
$
29
6 years
$
57,778
Weighted
Average
Grant Date
Options
Fair Value
(000s)
8,107
$
5
3,301
7
(3,281
)
5
(215
)
6
7,912
$
6
Table of Contents
Weighted
Average
Restricted
Grant Date
Shares
Fair Value
(000s)
1,003
$
23
336
36
(342
)
21
(39
)
25
958
$
28
Table of Contents
2011
2010
2009
$
4,382
$
(4,482
)
$
5,406
16,000
3,185
$
23,567
$
(4,482
)
$
5,406
Employee
Litigation and
Severance
Other
Total
$
7,876
$
3,549
$
11,425
(4,482
)
(4,482
)
(2,260
)
(692
)
(2,952
)
1,134
2,857
3,991
4,382
19,185
23,567
(1,906
)
(1,752
)
(3,658
)
$
3,610
$
20,290
$
23,900
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Fiscal Year Ended September 30, 2011
First
Second
Third
Fourth
Fiscal
Quarter
Quarter
Quarter
Quarter
Year
(In thousands, except per share amounts)
$
19,888,609
$
19,760,257
$
20,161,022
$
20,407,670
$
80,217,558
$
580,232
$
687,336
$
653,581
$
617,947
$
2,539,096
303,466
322,087
336,422
344,303
1,306,278
23,567
23,567
6,506
6,506
$
276,766
$
365,249
$
317,159
$
243,571
$
1,202,745
$
160,500
$
214,381
$
184,419
$
147,324
$
706,624
$
0.58
$
0.78
$
0.67
$
0.55
$
2.59
$
0.57
$
0.77
$
0.66
$
0.54
$
2.54
(a)
Table of Contents
Fiscal Year Ended September 30, 2010
First
Second
Third
Fourth
Fiscal
Quarter
Quarter
Quarter
Quarter
Year
(In thousands, except per share amounts)
$
19,335,859
$
19,300,627
$
19,602,120
$
19,715,373
$
77,953,979
$
563,370
$
612,068
$
588,370
$
592,834
$
2,356,642
301,036
300,178
310,913
342,162
1,254,289
(48
)
(37
)
(4,397
)
(4,482
)
700
2,500
3,200
$
262,382
$
311,227
$
281,854
$
248,172
$
1,103,635
$
151,307
$
181,008
$
163,205
$
141,228
$
636,748
$
0.53
$
0.64
$
0.58
$
0.51
$
2.26
$
0.52
$
0.63
$
0.57
$
0.50
$
2.22
(a)
(b)
(c)
Table of Contents
Table of Contents
September 30, 2011
Guarantor
Non-Guarantor
Consolidated
Parent
Subsidiaries
Subsidiaries
Eliminations
Total
(In thousands)
$
1,299,181
$
467,820
$
58,989
$
$
1,825,990
35
1,235,505
2,601,663
3,837,203
5,299,041
167,493
5,466,534
2,483
82,214
3,199
87,896
1,301,699
7,084,580
2,831,344
11,217,623
746,782
26,134
772,916
2,731,881
131,203
2,863,084
10,316
116,351
2,381
129,048
2,576,456
2,465,540
(10,222
)
(5,031,774
)
$
3,888,471
$
13,145,134
$
2,980,840
$
(5,031,774
)
$
14,982,671
$
$
9,025,761
$
176,354
$
$
9,202,115
(266,399
)
682,305
7,011
422,917
392,000
89
392,089
837,999
837,999
125,601
10,546,154
183,365
10,855,120
896,012
76,851
972,863
284,199
3,631
287,830
2,866,858
2,314,781
2,716,993
(5,031,774
)
2,866,858
$
3,888,471
$
13,145,134
$
2,980,840
$
(5,031,774
)
$
14,982,671
Table of Contents
September 30, 2010
Guarantor
Non-Guarantor
Consolidated
Parent
Subsidiaries
Subsidiaries
Eliminations
Total
(In thousands)
$
1,552,122
$
79,700
$
26,360
$
$
1,658,182
227
1,303,333
2,523,924
3,827,484
5,090,604
119,494
5,210,098
87
49,753
2,746
52,586
1,552,436
6,523,390
2,672,524
10,748,350
683,855
27,857
711,712
2,708,901
136,442
2,845,343
10,332
116,917
2,189
129,438
2,404,018
1,905,733
23,401
(4,333,152
)
$
3,966,786
$
11,938,796
$
2,862,413
$
(4,333,152
)
$
14,434,843
$
$
8,680,923
$
152,362
$
$
8,833,285
(274,676
)
634,437
9,255
369,016
346
76
422
703,621
703,621
(274,676
)
10,019,327
161,693
9,906,344
1,287,165
86
55,907
1,343,158
228,768
2,276
231,044
2,954,297
1,690,615
2,642,537
(4,333,152
)
2,954,297
$
3,966,786
$
11,938,796
$
2,862,413
$
(4,333,152
)
$
14,434,843
Table of Contents
Fiscal Year Ended September 30, 2011
Guarantor
Non-Guarantor
Consolidated
Parent
Subsidiaries
Subsidiaries
Eliminations
Total
(In thousands)
$
$
78,405,793
$
1,942,980
$
(131,215
)
$
80,217,558
75,949,984
1,728,478
77,678,462
2,455,809
214,502
(131,215
)
2,539,096
1,258,983
70,201
(131,215
)
1,197,969
88,284
3,535
91,819
13,287
3,203
16,490
23,567
23,567
6,506
6,506
1,065,182
137,563
1,202,745
(4,566
)
(51
)
(4,617
)
(320
)
67,797
9,244
76,721
320
1,001,951
128,370
1,130,641
117
377,849
46,051
424,017
706,421
(706,421
)
$
706,624
$
624,102
$
82,319
$
(706,421
)
$
706,624
Table of Contents
Fiscal Year Ended September 30, 2010
Guarantor
Non-Guarantor
Consolidated
Parent
Subsidiaries
Subsidiaries
Eliminations
Total
(In thousands)
$
$
76,268,384
$
1,810,873
$
(125,278
)
$
77,953,979
73,993,459
1,603,878
75,597,337
2,274,925
206,995
(125,278
)
2,356,642
1,228,523
64,583
(125,278
)
1,167,828
66,610
3,394
70,004
13,195
3,262
16,457
(4,482
)
(4,482
)
3,200
3,200
967,879
135,756
1,103,635
3,383
(11
)
3,372
1,609
59,961
10,924
72,494
(1,609
)
904,535
124,843
1,027,769
(563
)
347,957
43,627
391,021
637,794
(637,794
)
$
636,748
$
556,578
$
81,216
$
(637,794
)
$
636,748
Table of Contents
Fiscal Year Ended September 30, 2009
Guarantor
Non-Guarantor
Consolidated
Parent
Subsidiaries
Subsidiaries
Eliminations
Total
(In thousands)
$
$
70,282,349
$
1,591,713
$
(114,072
)
$
71,759,990
68,248,235
1,411,680
69,659,915
2,034,114
180,033
(114,072
)
2,100,075
1,173,009
61,303
(114,072
)
1,120,240
60,552
2,936
63,488
12,422
2,998
15,420
3,996
1,410
5,406
10,200
1,572
11,772
773,935
109,814
883,749
1,305
63
1,368
(3,040
)
48,207
13,140
58,307
3,040
724,423
96,611
824,074
1,064
276,979
34,179
312,222
501,421
(501,421
)
503,397
447,444
62,432
(501,421
)
511,852
(8,455
)
(8,455
)
$
503,397
$
438,989
$
62,432
$
(501,421
)
$
503,397
Table of Contents
Twelve Months Ended September 30, 2011
Guarantor
Non-Guarantor
Consolidated
Parent
Subsidiaries
Subsidiaries
Eliminations
Total
(In thousands)
$
706,624
$
624,102
$
82,319
$
(706,421
)
$
706,624
(697,385
)
548,054
(95,766
)
706,421
461,324
9,239
1,172,156
(13,447
)
1,167,948
(164,077
)
(3,877
)
(167,954
)
(45,380
)
(45,380
)
913
3
916
(208,544
)
(3,874
)
(212,418
)
22,427
22,427
(7,114
)
368
(733
)
(7,479
)
(840,577
)
(840,577
)
155,531
155,531
(117,624
)
(117,624
)
547,604
(575,860
)
28,256
(262,180
)
(575,492
)
49,950
(787,722
)
(252,941
)
388,120
32,629
167,808
1,552,122
79,700
26,360
1,658,182
$
1,299,181
$
467,820
$
58,989
$
$
1,825,990
Table of Contents
Twelve Months Ended September 30, 2010
Guarantor
Non-Guarantor
Consolidated
Parent
Subsidiaries
Subsidiaries
Eliminations
Total
(In thousands)
$
636,748
$
556,578
$
81,216
$
(637,794
)
$
636,748
(637,701
)
369,175
102,608
637,794
471,876
(953
)
925,753
183,824
1,108,624
(181,260
)
(3,375
)
(184,635
)
145
119
264
(181,115
)
(3,256
)
(184,371
)
389,032
389,032
(225,993
)
(225,993
)
(8,750
)
(564
)
(905
)
(10,219
)
(470,356
)
(470,356
)
132,719
132,719
(90,622
)
(90,622
)
674,003
(723,274
)
49,271
626,026
(723,838
)
(177,627
)
(275,439
)
625,073
20,800
2,941
648,814
927,049
58,900
23,419
1,009,368
$
1,552,122
$
79,700
$
26,360
$
$
1,658,182
Table of Contents
Twelve Months Ended September 30, 2009
Guarantor
Non-Guarantor
Consolidated
Parent
Subsidiaries
Subsidiaries
Eliminations
Total
(In thousands)
$
503,397
$
438,989
$
62,432
$
(501,421
)
$
503,397
8,455
8,455
503,397
447,444
62,432
(501,421
)
511,852
(436,182
)
625,614
(411,709
)
501,421
279,144
67,215
1,073,058
(349,277
)
790,996
(7,233
)
(7,233
)
67,215
1,065,825
(349,277
)
783,763
(138,865
)
(6,972
)
(145,837
)
(13,422
)
(13,422
)
11,940
11,940
73
35
108
(126,852
)
(20,359
)
(147,211
)
(1,138
)
(1,138
)
(127,990
)
(20,359
)
(148,349
)
(8,838
)
(8,838
)
(3,506
)
273
(1,109
)
(4,342
)
(450,350
)
(450,350
)
22,066
22,066
(62,696
)
(62,696
)
634,750
(979,831
)
345,081
140,264
(979,558
)
335,134
(504,160
)
207,479
(41,723
)
(34,502
)
131,254
719,570
100,623
57,921
878,114
$
927,049
$
58,900
$
23,419
$
$
1,009,368
Table of Contents
ITEM 9.
ITEM 9A.
Table of Contents
CONTROL OVER FINANCIAL REPORTING
/s/ Ernst & Young LLP
November 22, 2011
Table of Contents
ITEM 9B.
ITEM 10.
ITEM 11.
ITEM 12.
ITEM 13.
ITEM 14.
Table of Contents
ITEM 15.
Page
36
37
38
39
40
41
85
Table of Contents
Exhibit
Number
Description
2
3.1
3.2
4.1
4.2
4.3
4.4
4.5
4.6
4.7
4.8
4.9
10.1
10.2
Table of Contents
Exhibit
Number
Description
10.3
10.4
10.5
10.6
10.7
10.8
10.9
10.10
10.11
10.12
10.13
10.14
10.15
10.16
10.17
10.18
10.19
10.20
10.21
10.22
Table of Contents
Exhibit
Number
Description
10.23
10.24
10.25
10.26
10.27
10.28
10.29
10.30
10.31
10.32
10.33
10.34
14
21
23
31.1
31.2
Table of Contents
Exhibit
Number
Description
32.1
32.2
101
*
Table of Contents
AMERISOURCEBERGEN CORPORATION
Date: November 22, 2011
By:
/s/ STEVEN H. COLLIS
Steven H. Collis
President, Chief Executive Officer and Director
Signature
Title
President, Chief Executive Officer and Director
(Principal
Executive Officer)
Executive Vice President and
Chief Financial Officer
(Principal
Financial and Accounting Officer)
Vice President, Corporate Controller
Director and Chairman
Director
Director
Director
Director
Director
Director
Director
Table of Contents
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
Additions
Balance at
Charged to
Charged to
Balance at
Beginning
Costs and
Other
Deductions-
End of
Description
of Period
Expenses (1)
Accounts (2)
Describe (3)
Period
(In thousands)
$
96,345
$
39,315
62
(42,590
)
93,132
$
90,998
$
43,124
$
$
(37,777
)
$
96,345
$
111,128
$
31,830
$
$
(51,960
)
$
90,998
(1)
(2)
(3)
2
3
4
5
6
7
8
9
AMERISOURCEBERGEN CORPORATION | ||||||
|
||||||
By:
|
/s/ John Chou | |||||
|
Name: | John G. Chou | ||||
|
|
|||||
|
Title: | SVP, General Counsel & Secretary | ||||
|
||||||
|
Date: | 7/14/11 | ||||
|
||||||
EXECUTIVE | ||||||
|
||||||
/s/ Peyton Howell | ||||||
Peyton R. Howell | ||||||
Date: 7/13/11 |
10
11
12
13
14
|
Witness: | |||||||||
[ Executive ] | ||||||||||
|
||||||||||
AMERISOURCEBERGEN CORPORATION | ||||||||||
|
||||||||||
By:
|
Witness: | |||||||||
|
Name: | |||||||||
|
||||||||||
|
Title: | |||||||||
|
15
(1) | During the Employment Period, the Company shall reimburse Executive for the cost of coach class airfare to travel to and from California up to four times per contract year (September 1 through August 31) for the purpose of visiting Executives youngest daughter. During the Employment Period, the Company also shall reimburse the Executives spouse for the cost of coach class airfare to accompany Executive on such visits up to twice per calendar year. Any such reimbursements shall be subject to the conditions and limitations of the Companys travel policy as in effect from time to time. Executive and his spouse shall use all reasonable efforts, including without limitation combining business travel and such travel to California to the extent possible, so as to minimize the cost to the Company of such travel to California. Notwithstanding anything to the contrary set forth above, the Companys obligation hereunder shall terminate in any event upon Executives daughter attaining the age of 18. | ||
(2) | In addition to the foregoing, the Executive shall be entitled to annual reimbursement of up to $5,000 per year for tax and financial planning and tax preparation, or such greater amount as may be authorized by the Committee, in its sole discretion, or by any person or persons to whom such authority has been delegated. |
2
3
4
5
6
7
8
9
10
AMERISOURCEBERGEN CORPORATION | ||||||
|
||||||
By:
|
/s/ R. David Yost | |||||
|
Name: | R. David Yost | ||||
|
Title: | President and Chief Executive Officer | ||||
|
||||||
|
Date: | 12/28/08 | ||||
|
||||||
EXECUTIVE | ||||||
|
||||||
/s/ David W. Neu | ||||||
David W. Neu | ||||||
|
||||||
Date: 12/22/08 |
11
12
13
14
15
|
Witness: | |||||||||
[ Executive ] | ||||||||||
|
||||||||||
AMERISOURCEBERGEN CORPORATION | ||||||||||
|
||||||||||
By:
|
Witness: | |||||||||
|
Name: | |||||||||
|
||||||||||
|
Title: | |||||||||
|
16
AMERISOURCEBERGEN CORPORATION
|
||||
By: | /s/ R. David Yost | |||
Name: | R. David Yost | |||
Title: | President and Chief Executive Officer |
2
1. | AmerisourceBergen Drug Corporation (the Originator ) and Recipient have entered into a Receivables Sale Agreement, dated as of July 10,2003 (as amended, restated or otherwise modified from time to time, the Sale Agreement ), pursuant to which Originator, subject to the terms and conditions contained therein, is selling and/or contributing its right, title and interest in its accounts receivable to Recipient. | |
2. | Performance Guarantor owns one hundred percent (100%) of the capital stock of the Originator and Recipient, and Originator, and accordingly, Performance Guarantor has and is expected to continue to receive substantial direct and indirect benefits from its sale or contribution of receivables to Recipient pursuant to the Sale Agreement (which benefits are hereby acknowledged). | |
3. | As an inducement for Recipient to acquire Originators accounts receivable pursuant to the Sale Agreement, Performance Guarantor has agreed to guaranty the due and punctual performance by Originator of its obligations under the Sale Agreement, as well as the Servicing Related Obligations (as hereinafter defined). | |
4. | Performance Guarantor wishes to guaranty the due and punctual performance by Originator of its obligations to Recipient under or in respect of the Sale Agreement and the Servicing Related Obligations (as hereinafter defined), as provided herein. |
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Name | Jurisdiction of Formation | |
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AmerisourceBergen Drug Corporation
|
Delaware | |
AmerisourceBergen Services Corporation
|
Delaware | |
AmerisourceBergen Specialty Group, Inc.
|
Delaware | |
Amerisource Heritage Corporation
|
Delaware | |
Amerisource Receivables Financial Corporation
|
Delaware | |
Medical Initiatives, Inc.
|
Florida |
Exhibit 23
Consent of Independent Registered
Public Accounting Firm
We consent to the incorporation by
reference in the Registration Statements Nos. 333-102090, 333-105743 and
333-162227 on Form S-3, Nos. 333-69254, 333-88230, 333-101042, 333-101043,
333-110431, 333-140470, 333-159924, and 333-173982 on Form S-8,
No. 333-61440 on Form S-4/S-8, and No. 333-132017 on Form S-4 of
AmerisourceBergen Corporation of our reports dated November 22, 2011, with
respect to the consolidated financial statements and schedule of
AmerisourceBergen Corporation and subsidiaries and the effectiveness of
internal control over financial reporting of AmerisourceBergen Corporation and
subsidiaries, included in this Annual Report (Form 10-K) for the year ended
September 30, 2011.
Philadelphia, Pennsylvania
November 22, 2011
/s/ Steven H. Collis | ||||
Steven H. Collis | ||||
President and Chief Executive Officer |
/s/ Michael D. DiCandilo | ||||
Michael D. DiCandilo | ||||
Executive Vice President and Chief Financial Officer |
/s/ Steven H. Collis | ||||
Steven H. Collis | ||||
President and Chief Executive Officer |
/s/ Michael D. DiCandilo | ||||
Michael D. DiCandilo | ||||
Executive Vice President and Chief Financial Officer |