Analysis of Reportable Segments
AmerisourceBergen Corp. operates in 2 segments: U.S. Healthcare Solutions and International Healthcare Solutions.
Segment Profit Margin
AmerisourceBergen Corp., profit margin by reportable segment
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | |
|---|---|---|---|---|---|---|
| U.S. Healthcare Solutions | 1.16% | 1.12% | 1.08% | — | — | — |
| International Healthcare Solutions | 2.67% | 3.39% | 5.26% | — | — | — |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | U.S. Healthcare Solutions | U.S. Healthcare Solutions segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
| International Healthcare Solutions | International Healthcare Solutions segment profit margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Segment Profit Margin: U.S. Healthcare Solutions
AmerisourceBergen Corp.; U.S. Healthcare Solutions; segment profit margin calculation
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Operating income | 2,456,972) | 2,257,918) | 2,020,067) | —) | —) | —) |
| Revenue | 212,100,202) | 202,461,545) | 186,387,949) | —) | —) | —) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 1.16% | 1.12% | 1.08% | — | — | — |
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).
1 2022 Calculation
Segment profit margin = 100 × Operating income ÷ Revenue
= 100 × 2,456,972 ÷ 212,100,202 = 1.16%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | U.S. Healthcare Solutions | U.S. Healthcare Solutions segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Segment Profit Margin: International Healthcare Solutions
AmerisourceBergen Corp.; International Healthcare Solutions; segment profit margin calculation
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Operating income | 706,458) | 390,286) | 184,380) | —) | —) | —) |
| Revenue | 26,491,673) | 11,529,629) | 3,508,106) | —) | —) | —) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 2.67% | 3.39% | 5.26% | — | — | — |
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).
1 2022 Calculation
Segment profit margin = 100 × Operating income ÷ Revenue
= 100 × 706,458 ÷ 26,491,673 = 2.67%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | International Healthcare Solutions | International Healthcare Solutions segment profit margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Segment Capital Expenditures to Depreciation
AmerisourceBergen Corp., capital expenditures to depreciation by reportable segment
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | |
|---|---|---|---|---|---|---|
| U.S. Healthcare Solutions | 1.08 | 1.16 | 1.25 | — | — | — |
| International Healthcare Solutions | 1.75 | 2.05 | 1.99 | — | — | — |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | U.S. Healthcare Solutions | U.S. Healthcare Solutions segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
| International Healthcare Solutions | International Healthcare Solutions segment capital expenditures to depreciation ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Segment Capital Expenditures to Depreciation: U.S. Healthcare Solutions
AmerisourceBergen Corp.; U.S. Healthcare Solutions; segment capital expenditures to depreciation calculation
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Capital expenditures | 295,406) | 310,525) | 316,249) | —) | —) | —) |
| Depreciation and amortization | 274,554) | 266,575) | 253,687) | —) | —) | —) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 1.08 | 1.16 | 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).
1 2022 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 295,406 ÷ 274,554 = 1.08
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | U.S. Healthcare Solutions | U.S. Healthcare Solutions segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Segment Capital Expenditures to Depreciation: International Healthcare Solutions
AmerisourceBergen Corp.; International Healthcare Solutions; segment capital expenditures to depreciation calculation
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Capital expenditures | 200,912) | 127,692) | 53,428) | —) | —) | —) |
| Depreciation and amortization | 114,790) | 62,376) | 26,897) | —) | —) | —) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 1.75 | 2.05 | 1.99 | — | — | — |
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).
1 2022 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 200,912 ÷ 114,790 = 1.75
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | International Healthcare Solutions | International Healthcare Solutions segment capital expenditures to depreciation ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Revenue
AmerisourceBergen Corp., revenue by reportable segment
US$ in thousands
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | |
|---|---|---|---|---|---|---|
| U.S. Healthcare Solutions | 212,100,202) | 202,461,545) | 186,387,949) | —) | —) | —) |
| International Healthcare Solutions | 26,491,673) | 11,529,629) | 3,508,106) | —) | —) | —) |
| Intersegment eliminations | (4,869) | (2,331) | (2,129) | —) | —) | —) |
| Total | 238,587,006) | 213,988,843) | 189,893,926) | —) | —) | —) |
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).
Operating income
AmerisourceBergen Corp., operating income by reportable segment
US$ in thousands
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | |
|---|---|---|---|---|---|---|
| U.S. Healthcare Solutions | 2,456,972) | 2,257,918) | 2,020,067) | —) | —) | —) |
| International Healthcare Solutions | 706,458) | 390,286) | 184,380) | —) | —) | —) |
| Total | 3,163,430) | 2,648,204) | 2,204,447) | —) | —) | —) |
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).
Depreciation and amortization
AmerisourceBergen Corp., depreciation and amortization by reportable segment
US$ in thousands
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | |
|---|---|---|---|---|---|---|
| U.S. Healthcare Solutions | 274,554) | 266,575) | 253,687) | —) | —) | —) |
| International Healthcare Solutions | 114,790) | 62,376) | 26,897) | —) | —) | —) |
| Acquisition-related intangibles amortization | 304,551) | 176,221) | 110,478) | —) | —) | —) |
| Total | 693,895) | 505,172) | 391,062) | —) | —) | —) |
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).
Capital expenditures
AmerisourceBergen Corp., capital expenditures by reportable segment
US$ in thousands
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | |
|---|---|---|---|---|---|---|
| U.S. Healthcare Solutions | 295,406) | 310,525) | 316,249) | —) | —) | —) |
| International Healthcare Solutions | 200,912) | 127,692) | 53,428) | —) | —) | —) |
| Total | 496,318) | 438,217) | 369,677) | —) | —) | —) |
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).