美国最大医药零售企业沃尔格林2013年年报WAG_2013_AR_final

2010 388 282 120 550 8,046 83,719 65% 10% 25%
2009 602 89 129 562 7,496 78,782 65% 10% 25%
Locations Product Class Sales
Openings New Locations Acquisitions Closings Net Openings Locations (1) Sales Area (2) Prescription Drugs Non-prescription Drugs General Merchandise
About the Cover Francesca Eulo is a regular fixture at her Walgreens in Tamarac, Florida. Since becoming the primary caregiver for her father, Raymond, three years ago, Francesca stops by her Walgreens once or twice each week to pick up his medications.
through multiyear agreements reached with Express Scripts Inc., Caremark and other leading commercial payers. Walgreens strengthened its position to create the first global pharmacy-led, health and well-being enterprise by forging a game-changing strategic relationship with AmerisourceBergen. reaching more than 500 stores opened or converted across the chain by the end of fiscal 2013. In addition, the company now has 12 flagship stores, with new locations opened in Boston, Chicago, Los Angeles, New York City, San Francisco, Washington, D.C., and Philadelphia.
Increase 0.8% 15.2% 16.3% 5.7% 6.5% 6.7%
(1) This is a non-GAAP measure. See Reconciliation of Non-GAAP Financial Measures on page 46.
Company Highlights
(1) Includes drugstores, worksite health and wellness centers, infusion and respiratory services facilities, specialty pharmacies and mail service facilities. (2) In thousands of square feet.
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Letter to Shareholders
Gregory D. Wasson (left)
President and Chief Executive Officer
James A. Skinner
Chairman of the Board
Growing Shareholder Value by Helping People Get, Stay and Live Well
• Walgreens and the Blue Cross and Blue Shield Associntinued to return significant cash to shareholders, • Walgreens stabilized its commercial book of pharmacy business •
Net Sales Net Earnings Adjusted Net Earnings (1) Net Earnings per Common Share (diluted) Adjusted Net Earnings per Common Share (diluted) (1) Shareholders’ Equity Return on Average Shareholders’ Equity Closing Stock Price per Common Share Total Market Value of Common Stock Dividends Declared per Common Share Average Shares Outstanding (diluted)
Get Stay Live
Well at Walgreens
2013 Annual Report
Well at Walgreens
At Walgreens, everything our company does is designed to help people get, stay and live well. To do this, Walgreens is focused on three key strategies: Create a Well Experience, Transform the Role of Community Pharmacy and Establish an Efficient Global Platform. By focusing efforts on these strategies, Walgreens is building on its successful history while reinventing the traditional drugstore model.
Walgreens Fiscal Year Stock Performance
Fiscal year-end closing price per share in dollars
50 40 30 20 10 0 04 05 06 07 08 09 10 11 12 13
2013 Walgreens Annual Report
2013 Milestones
• Walgreens is the nation’s largest drugstore chain, with fiscal 2013 net
sales of $72.2 billion and net earnings of $2.5 billion. The company has 248,000 employees, and 8,582 locations. Cash flow from operations for fiscal 2013 was $4.3 billion, with record free cash flow of $3.1 billion.* with $1.0 billion in dividends.
* This is a non-GAAP measure. See Reconciliation of Non-GAAP Financial Measures on page 46.
Financial Highlights
For the years ended August 31, 2013 and 2012 (In millions, except per share amounts)
Companies list for the 20th consecutive year, and was ranked 37th overall in revenue on the Fortune 500 list of largest U.S.-based companies. The company was ranked 120th overall in revenue on the Fortune Global 500 largest companies list.
• Walgreens HIV/AIDS program and Centers of Excellence were honored • Walgreens was named to Fortune magazine’s World’s Most Admired
• Walgreens continued the expansion of its Well Experience pilot format,
2013 $72,217 $ 2,450 $ 2,982 $ 2.56 $ 3.12 $19,454 13.0% $ 48.07 $45,503 $ 1.14 955
2012 $ 71,633 $ 2,127 $ 2,565 $ 2.42 $ 2.93 $ 18,236 12.9% $ 35.76 $ 33,759 $ .95 880
Dear Shareholders: We are pleased to update you on Walgreens performance this year as we achieved record sales of $72.2 billion, strong profits of $2.5 billion and record free cash flow of $3.1 billion.* Most of all, fiscal 2013 was a year of major strategic progress as we crystalized and advanced the transformation of our company for long-term sustainable growth and value creation. We are “Well” positioned for a strong future. Continuing to meet our long-term goal of delivering top-tier shareholder returns, Walgreens returned $1.0 billion to shareholders this year through dividends. Over the past five years, Walgreens dividend has grown at a compound annual growth rate of nearly 23 percent, compared with 10 percent for the Dow Jones Industrial Average and 6 percent for the S&P 500. We believe the best is yet to come, as we took significant steps in 2013 to continue to reimagine and redefine the drugstore experience in America – and the world. The humble Chicago corner drugstore that opened in 1901 grew into the nation’s largest retail pharmacy chain through unmatched customer service, relentless innovation, and a nationwide store network on the best corners in America. Today, we are establishing the first global pharmacy-led health, beauty and well-being enterprise, seizing opportunities to lead the market in the decades ahead. As we think globally and long term, Walgreens is keenly focused locally every day on the customers and patients in communities across America who count on us to meet their health and daily living needs. Many families are still struggling with the weak jobs market. The healthcare system we rely on is undergoing rapid and fundamental change. While the national Affordable Care Act is expanding coverage, the cost of care is rising and demand is challenging supply, affecting people’s financial security and stressing providers.
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Walgreens introduced its Healthcare Clinic at select Walgreens as the new branding for nearly 400 in-store retail clinics, replacing the former Take Care Clinic name that has stood since the brand’s inception in 2004. a national campaign to educate consumers about the new healthcare reform law and provide them with key information so they can decide how best to participate in new insurance options as a result of the Affordable Care Act. by Profiles in Diversity Journal as No. 2 in its top 10 international list for its Innovations in Diversity Award.
2013 198 152 153 197 8,582 88,802 63% 10% 27%
2012 212 54 91 175 8,385 87,049 63% 12% 25%
2011 261 36 133 164 8,210 85,619 65% 10% 25%