1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
X ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
--------- ACT OF 1934
For the period ended December 31, 2000
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
--------- EXCHANGE ACT OF 1934
For the transition period from __________ to __________
Commission file number 001-11373
A. Full title of the plan and the address of the plan, if different from that
of the issuer named below:
PROFIT SHARING PLAN OF
BINDLEY WESTERN INDUSTRIES, INC. AND SUBSIDIARIES
B. Name of issuer of the securities held pursuant to the plan and the address
of its principal executive office:
Cardinal Health, Inc.
7000 Cardinal Place
Dublin, Ohio 43017
Telephone: 614-757-5000
2
REQUIRED INFORMATION
The Profit Sharing Plan of Bindley Western Industries, Inc. and Subsidiaries
(the "Plan") is subject to the Employee Retirement Income Security Act of 1974
("ERISA") and the Plan's financial statements and schedules have been prepared
in accordance with the financial reporting requirements of ERISA. Such financial
statements and schedules are included in this Report in lieu of the information
required by Items 1-3 of Form 11-K.
SIGNATURE
The Plan
Pursuant to the requirements of the Securities Exchange Act of 1934, the
trustees (or other persons who administer the employee benefit plan) have duly
caused this annual report to be signed on its behalf by the undersigned hereunto
duly authorized.
PROFIT SHARING PLAN OF BINDLEY WESTERN INDUSTRIES, INC. AND SUBSIDIARIES
By: Employee Benefits Policy Committee
/s/ Richard J. Miller June 29, 2001
--------------------------------
Richard J. Miller
Plan Committee Member
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TABLE OF CONTENTS
INDEPENDENT AUDITORS' REPORT..................................................1
FINANCIAL STATEMENTS:
STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION, AT DECEMBER 31, 2000 AND 1999...................2-3
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION,
FOR THE YEAR ENDED DECEMBER 31, 2000.....................................4
NOTES TO FINANCIAL STATEMENTS.............................................5-9
SCHEDULES*:
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT
DECEMBER 31, 2000 (SCHEDULE I)..........................................10
SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE YEAR
ENDED DECEMBER 31, 2000 (SCHEDULE II)...................................11
*NOTE - OTHER SCHEDULES HAVE BEEN OMITTED BECAUSE THEY
ARE NOT APPLICABLE.
EXHIBITS:
EXHIBIT 23 - CONSENT OF INDEPENDENT ACCOUNTANTS'
4
INDEPENDENT AUDITORS' REPORT
To the Administrator and
Administrative Committee of
The Profit Sharing Plan of Bindley
Western Industries, Inc. and Subsidiaries:
We have audited the accompanying statements of net assets available for
plan benefits, with fund information, of The Profit Sharing Plan of Bindley
Western Industries, Inc. and Subsidiaries as of December 31, 2000 and 1999, and
the related statement of changes in net assets available for plan benefits, with
fund information, for the year ended December 31, 2000. These financial
statements are the responsibility of the Plan's management. Our responsibility
is to express an opinion on the financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present
fairly, in all material respects, the net assets available for benefits as of
December 31, 2000 and 1999, and the changes in net assets available for benefits
for the year ended December 31, 2000 in conformity with generally accepted
accounting principles.
Our audits were conducted for the purpose of forming an opinion on the
basic financial statements taken as a whole. The supplemental schedules of
assets held for investment purposes and reportable transactions are presented
for the purpose of additional analysis and are not a required part of the basic
financial statements, but are supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974. These supplemental
schedules are the responsibility of the Plan's management. The supplemental
schedules have been subjected to the auditing procedures applied in the audits
of the basic financial statements and, in our opinion, are fairly stated in all
material respects in relation to the basic financial statements taken as a
whole.
/s/ ENT & IMLER CPA GROUP, PC
Indianapolis, Indiana
June 27, 2001
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PROFIT SHARING PLAN OF
BINDLEY WESTERN INDUSTRIES, INC.
AND SUBSIDIARIES
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS, WITH FUND INFORMATION
DECEMBER 31, 2000
Fund Information
--------------------------------------------------------------------------------------------------
Victory Victory American
BWI Investment Victory U.S. Gov't American Washington
Common Quality Bond Balanced Obligations EuroPacific Mutual Investors
Stock Fund Fund Fund Growth Fund Fund
----------- ------------ ----------- ----------- ----------- ----------------
Assets
Investments, at fair value: $15,113,504 1,192,174 2,788,702 9,520,792 1,095,152 4,318,533
Receivables:
Employer contributions 883,439 145,302 344,308 422,339 206,304 507,604
Employee contributions 32,866 3,061 8,222 7,032 5,938 12,774
Accrued investment income 1,435 -- -- -- -- --
----------- ---------- ---------- ---------- ---------- ----------
Total assets 16,031,244 1,340,537 3,141,232 9,950,163 1,307,394 4,838,911
Liabilities
Other liabilities -- (2,721) (6,930) (5,853) (4,943) (10,691)
----------- ----------- ----------- ----------- ----------- ----------
Net assets available for
plan benefits $16,031,244 $ 1,337,816 $ 3,134,302 $ 9,944,310 $ 1,302,451 $4,828,220
=========== =========== =========== =========== =========== ==========
Fund Information
----------------------------------------------------------------------------------------------
Franklin Victory Fidelity
PHC Small Cap Stock Adv Equity
Common Growth Index Growth Loan
Stock Fund Fund Fund Fund Total
----------- ----------- ----------- ----------- ----------- -----------
Assets
Investments, at fair value: 9,725,189 2,017,599 651,810 1,082,023 52,819 47,558,297
Receivables:
Employer contributions -- 369,645 141,177 191,974 -- 3,212,092
Employee contributions -- 10,904 2,868 4,909 -- 88,574
Accrued investment income 75 -- -- -- -- 1,510
----------- ----------- ----------- ----------- ----------- -----------
Total assets 9,725,264 2,398,148 795,855 1,278,906 52,819 50,860,473
Liabilities
Other liabilities -- (9,357) (2,399) (4,241) -- (47,135)
----------- ----------- ----------- ----------- ----------- -----------
Net assets available
for plan benefits $ 9,725,264 $ 2,388,791 $ 793,456 $ 1,274,665 $ 52,819 $50,813,338
=========== =========== =========== =========== =========== ===========
See auditors' report and accompanying notes to the financial statements.
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PROFIT SHARING PLAN OF
BINDLEY WESTERN INDUSTRIES, INC.
AND SUBSIDIARIES
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS, WITH FUND INFORMATION
DECEMBER 31, 1999
Fund Information
-----------------------------------------------------------------------------------
Victory Victory Victory
BWI Investment Victory Special U.S. Gov't
Common Quality Bond Balanced Value Obligations
Stock Fund Fund Stock Fund Fund
----------- ------------ ---------- ---------- -----------
Assets
Investments, at fair value: $ 5,630,326 639,605 3,125,705 1,065,612 4,045,550
Receivables:
Employer contributions 566,293 95,182 254,576 243,173 422,464
Employee contributions 2,269 315 953 925 644
Accrued investment income 254 -- 2 -- 3
----------- --------- ----------- ----------- -----------
Total assets 6,199,142 735,102 3,381,236 1,309,710 4,468,661
Liabilities
Other liabilities (9,825) -- -- -- --
----------- --------- ----------- ----------- -----------
Net assets available
for plan benefits $ 6,189,317 $ 735,102 $ 3,381,236 $ 1,309,710 $ 4,468,661
=========== ========= =========== =========== ===========
Fund Information
-----------------------------------------------------------------------------------
American
American Washington PHC
EuroPacific Mutual Investors Common Loan
Growth Fund Fund Stock Fund Total
------------ ---------------- -------- ---------- ----------
Assets
Investments, at fair value: 824,938 4,426,454 4,437,065 77,924 24,273,179
Receivables:
Employer contributions 138,209 357,158 -- -- 2,077,055
Employee contributions 660 2,055 -- -- 7,821
Accrued investment income -- 2 52 -- 313
---------- ---------- ----------- -------- ------------
Total assets 963,807 4,785,669 4,437,117 77,924 26,358,368
Liabilities
Other liabilities -- -- -- -- (9,825)
---------- ----------- ---------- -------- ------------
Net assets available
for plan benefits $ 963,807 $ 4,785,669 $4,437,117 $ 77,924 $ 26,348,543
========== =========== ========== ======== ============
See auditors' report and accompanying notes to the financial statements.
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PROFIT SHARING PLAN OF
BINDLEY WESTERN INDUSTRIES, INC.
AND SUBSIDIARIES
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 2000
Fund Information
----------------------------------------------------------------------------------------
Victory Victory Victory
BWI Investment Victory Special U.S. Gov't American
Common Quality Bond Balanced Value Obligations EuroPacific
Stock Fund Fund Stock Fund Fund Growth Fund
------------ ------------ ----------- ----------- ----------- -----------
Contributions:
Employer $ 883,439 $ 145,302 $ 344,308 $ -- $ 422,339 $ 206,304
Employee 631,630 81,482 279,372 13,505 177,430 226,479
Rollover 27,478 40,154 334,122 6,430 275,082 494,862
----------- ---------- ----------- ----------- ---------- ----------
Total contributions 1,542,547 266,938 957,802 19,935 874,851 927,645
----------- ---------- ----------- ----------- ---------- ----------
Investment Income:
Interest and dividends 45,454 48,974 249,370 -- 133 130,450
Realized gains and losses 5,163,226 (6,418) 97,907 (77,599) 289,875 34,995
Net appreciation (depreciation)
in fair value of investments 7,063,808 33,299 (216,147) 54,553 (15,631) (455,032)
----------- ---------- ----------- ----------- ---------- ----------
Total investment income 12,272,488 75,855 131,130 (23,046) 274,377 (289,587)
----------- ---------- ----------- ----------- ---------- ----------
Total additions (deductions) 13,815,035 342,793 1,088,932 (3,111) 1,149,228 638,058
Distributions to participants (756,919) (40,787) (536,762) (3,401) (580,344) (79,735)
Administrative expenses (31,465) (1,262) (3,302) -- (9,302) (1,786)
Net transfers (to) from
other funds (3,184,724) 301,970 (795,802) (1,303,198) 4,916,067 (217,893)
----------- ---------- ----------- ----------- ---------- ----------
Net increase (decrease) in
net assets available for
plan benefits 9,841,927 602,714 (246,934) (1,309,710) 5,475,649 338,644
Beginning of year 6,189,317 735,102 3,381,236 1,309,710 4,468,661 963,807
----------- ---------- ---------- ----------- ---------- ----------
End of year $16,031,244 $1,337,816 $3,134,302 $ -- $9,944,310 $1,302,451
=========== ========== ========== =========== ========== ==========
Fund Information
----------------------------------------------------------------------------------------------------
American Franklin Victory Fidelity
Washington PHC Small Cap Stock Adv Equity
Mutual Investors Common Growth Index Growth Loan
Fund Stock Fund Fund Fund Fund Total
---------------- ---------- ---------- --------- ----------- -------- -----------
Contributions:
Employer $ 507,604 $ -- $ 369,645 $ 141,177 $ 191,974 -- $ 3,212,092
Employee 467,858 -- 294,838 75,943 93,903 -- 2,342,440
Rollover 61,092 -- 387,272 571,888 491,542 -- 2,689,922
--------- ---------- ---------- --------- ----------- -------- -----------
Total contributions 1,036,554 -- 1,051,755 789,008 777,419 -- 8,244,454
--------- ---------- ---------- --------- ----------- -------- -----------
Investment Income:
Interest and dividends 419,206 679 23,394 22,945 56,634 6,399 1,003,638
Realized gains and losses 3,950 1,620,465 (115,112) (29,733) (14,928) -- 6,966,628
Net appreciation
(depreciation) in
fair value of investments
(97,606) 5,625,675 (345,355) (55,753) (242,043) -- 11,349,768
----------- ---------- ---------- --------- ----------- -------- -----------
Total investment income 325,550 7,246,819 (437,073) (62,541) (200,337) 6,399 19,320,034
----------- ---------- ----------- --------- ----------- -------- -----------
Total additions
(deductions)
1,362,104 7,246,819 614,682 726,467 577,082 6,399 27,564,488
Distributions to participants (343,653) (541,557) (113,482) (6,134) (2,895) (20,965) (3,026,634)
Administrative expenses (4,736) (17,631) (2,405) (497) (673) -- (73,059)
Net transfers (to) from
other funds (971,164) (1,399,484) 1,889,996 73,620 701,151 (10,539) --
----------- ---------- ----------- --------- ------------ -------- -----------
Net increase (decrease) in
net assets available for
plan benefits 42,551 5,288,147 2,388,791 793,456 1,274,665 (25,105) 24,464,795
Beginning of year 4,785,669 4,437,117 -- -- -- 77,924 26,348,543
---------- ---------- ---------- --------- ---------- -------- -----------
End of year $4,828,220 $9,725,264 $2,388,791 $ 793,456 $1,274,665 $ 52,819 $50,813,338
========== ========== ========== ========= ========== ======== ===========
See auditors' report and accompanying notes to the financial statements.
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PROFIT SHARING PLAN OF
BINDLEY WESTERN INDUSTRIES, INC.
AND SUBSIDIARIES
NOTES TO FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2000 AND 1999
NOTE 1 - DESCRIPTION OF THE PLAN
The following brief description of the Profit Sharing Plan of Bindley
Western Industries, Inc. and Subsidiaries is provided for general information
purposes only. Participants should refer to the plan agreement for more complete
information.
General
The Profit Sharing Plan of Bindley Western Industries, Inc. and
Subsidiaries (the "Plan") is a combined profit sharing and pre-tax savings plan.
The purpose of the Plan is to provide retirement income and other benefits to
eligible employees of Bindley Western Industries, Inc. and its Subsidiaries (the
"Company").
Effective January 1, 1994, the Company adopted the Prism Prototype Plan
and Trust (the "Prism Plan"), thereby amending and restating the Plan, which had
originally been established January 1, 1979.
Participation
Employees are eligible to participate in the Plan on January 1, April
1, July 1, or October 1, whichever comes first, after completing one year of
service and attaining age twenty-one. An employee is considered to have
completed one year of service at the end of the first twelve-month period during
which the employee has completed not fewer than 1,000 hours of service.
Administration
At December 31, 2000, the Plan was administered by a committee (the
"Committee") appointed by the Compensation and Stock Option Committee of the
Company's Board of Directors. The Plan has a trust agreement with Key Trust (the
"Trustee") whereby the Trustee receives contributions, invests Plan assets and
distributes amounts for benefit payments as directed by the Committee. All
trustee's fees and other administrative expenses, exclusive of those incurred in
relation to the Committee, are paid by the Plan. (See Note 8, "Subsequent
Event")
Contributions and Allocations to Participants
The Company's annual profit sharing contribution to the Plan is a
discretionary amount determined by the Board of Directors. The 2000 and 1999
profit sharing contribution approximated $3,212,000 and $2,077,000,
respectively.
5
9
Participants may authorize that a pre-tax amount between 1% and 13% of
their annual compensation be contributed on their behalf to the Plan. However,
the annual contribution per employee cannot exceed $10,500 for 2000 and $10,000
for 1999. Participants may also make qualified rollover contributions to the
Plan.
Profit sharing contributions are allocated to participants on the basis
of the ratio that each participant's compensation bears to the total
compensation paid to all Plan participants for the applicable Plan year.
Forfeitures (the non-vested portion of those participant's accounts who
have terminated service with the Company) are used to offset future employer
profit sharing contributions. At December 31, 2000 and 1999, forfeited
non-vested accounts totaled $378,197 and $263,685, respectively.
Income (net of expenses) is allocated on a daily basis based on the
ratio of each participant's adjusted beginning balance to the total of all
participants' adjusted beginning balances for the applicable investment fund.
Vesting and Distributions
A participant's interest in their pre-tax employee contributions and
the earnings thereon are 100% vested at all times.
A participant's interest in their profit sharing account is vested as
follows:
Number of Years Percentage
of Service Vested
------------------ ----------
Fewer than 3 0%
3 20%
4 40%
5 60%
6 80%
7 or more 100%
In the event of a participant's retirement on or after his 65th
birthday, total disability or death, his profit sharing account becomes fully
vested.
Distributions consist of benefit payments to eligible participants,
payments of vested amounts to terminated participants and payments to
participants who can demonstrate financial hardship. Participants are also able
to obtain loans from the Plan. Loans issued under the Prism Plan bear a rate of
interest of prime plus 1%. Any loans issued prior to the adoption of the Prism
Plan bear interest at a reasonable rate determined by the Committee. The loan
fund is utilized as the disbursement fund for loans granted by the Plan.
All distributions to participants must be approved by the Committee.
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Employee Rollover Contributions
During 2000, the employees of Central Pharmacy, Inc. rolled their
401(K)/Profit Sharing Plan assets into the Profit Sharing Plan of Bindley
Western Industries, Inc. and Subsidiaries. The rollover was recognized in the
accounts of Bindley Western Industries, Inc. and Subsidiaries as of July 1,
2000, at their balances as previously carried by the Central Pharmacy
401(K)/Profit Sharing Plan. The total rollover amount approximated $2,376,000
and is included in the accompanying statement of changes in net assets available
for benefits, with fund information.
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting
The accounts of the Plan are maintained on the accrual basis of
accounting.
Investments and Investment Income
Investments are stated at fair value which equals quoted market value
or unit values based upon quoted market values. Participant loans are valued at
cost, which approximates fair value. Interest and dividends are credited to the
accounts when earned.
Payment of Benefits
Upon termination of service, a participant may elect to receive a lump
sum amount equal to the value of their account. Benefits are recorded when paid.
Use of Estimates
The preparation of the financial statements in conformity with
generally accepted accounting principles requires management to make estimates
and assumptions that effect the reported amounts of assets, liabilities, and
changes therein, and disclosure of contingent assets and liabilities. Actual
results could differ from those estimates.
NOTE 3 - INVESTMENTS
The Plan's investments are held by a Trustee. The Plan provides that
the contributions will be invested in several different investment programs as
directed by each participant. At December 31, 2000, these investment programs
ranged from money market, government secured, fixed income, growth, aggressive
funds, and the Company's own stock. For the participants who fail to complete
the proper investment election forms, these participant accounts are
automatically invested in the low risk government secured investment. The net
appreciation (depreciation) in fair value for each significant class of
investment is shown in the accompanying financial statements as investment
income.
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Investment Options
Under the Prism Plan, participants are able to direct their
contributions among several investment options. The investment funds available
to participants are as follows:
1. Victory Investment Quality Bond Fund - invests primarily in
investment-grade bonds issued by corporations and the U.S.
Government and its agencies or instrumentalities.
2. Victory Balanced Fund - invests in a diversified portfolio of
common stocks and fixed income securities or other collective
funds holding these securities.
3. Victory Special Value Fund - invests primarily in common stocks
of small and medium-sized companies. This fund was closed as of
February 1, 2000 and all assets were transferred into other
available funds.
4. Bindley Western Industries Common Stock Fund - invests in the
common stock of the Company. (See Note 8, "Subsequent Event")
5. Victory U.S. Government Obligations Fund - invests only in
short-term securities issued or guaranteed by the U.S. Treasury
and repurchase agreements collateralized by U.S. Treasury
securities with maturities of thirteen months or less.
6. American EuroPacific Growth Fund - invests in small and large
companies based in industrial nations as well as smaller,
developing nations.
7. American Washington Mutual Investors Fund - invests primarily in
companies that consistently pay dividends and earn more than
their dividend payout.
8. Priority Healthcare Corporation Common Stock Fund - one time
investment in the common stock of Priority Healthcare
Corporation, resulting from the Bindley Western Industries, Inc.
January 1, 1999 spin-off.
9. Franklin Small-Cap Growth Fund - invests primarily in the equity
securities of small capitalization companies in the United
States.
10. Victory Stock Index Fund - invests primarily in the common
stocks that comprise the S&P 500 Index.
11. Fidelity Advisor Equity Growth Fund - invests primarily in the
common and preferred stocks of companies with above-average
growth characteristics.
Fund Transfers
Transfers between funds result from participants redirecting their
contributions between the funds listed above.
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NOTE 4 - PARTY-IN-INTEREST
Participants in the Plan may invest their contributions/account
balances in a Bindley Western Industries, Inc. Common Stock Fund, which
primarily holds shares of the Company's common stock. At December 31, 2000, this
fund held 356,386 shares with a historical cost of $5,804,048 and a market value
of $15,113,504. At December 31, 1999, this fund held 369,807 shares with a
historical cost of $3,708,889 and a market value of $5,630,326. (See Note 8,
"Subsequent Event")
NOTE 5 - INCOME TAX STATUS
The Internal Revenue Service issued a determination letter on October
2, 1996 stating that the Plan qualifies for tax-exempt status under the
applicable provisions of the Internal Revenue Code. The Plan has been amended
since receiving the determination letter. However, management believes the Plan
is designed and is currently being administered in accordance with the Internal
Revenue Code and ERISA.
NOTE 6 - PLAN TERMINATION
Although it has not expressed any intent to do so, the Company has the
right under the Plan to discontinue its contributions at any time and to
terminate the Plan subject to the provisions of ERISA. In the event of plan
termination, participants will become 100 percent vested in their accounts.
NOTE 7 - DIFFERENCE FROM FORM 5500
At December 31, 2000, there are no differences between the Annual
Return/Report of Employee Benefit Plan (Form 5500) filed with the Internal
Revenue Service and the accompanying financial statements.
NOTE 8 - SUBSEQUENT EVENT
On February 14, 2001, Bindley Western Industries, Inc. shareholders
voted to approve a merger with Cardinal Health, Inc. This was a stock-for-stock
transaction, where Bindley Western Industries, Inc. shareholders received 0.6413
Cardinal Health, Inc. common shares for each outstanding share of Bindley
Western Industries, Inc. As a result, all Company common stock held in
participants' accounts was converted into Cardinal Health, Inc. common stock at
the applicable exchange ratio, and the Bindley Western Industries Common Stock
Fund was converted to the Cardinal Health, Inc. Common Stock Fund.
Also, in connection with the merger, the Cardinal Health, Inc.
Employee Benefits Policy Committee has assumed responsibility for administration
of the Plan.
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Schedule I
PROFIT SHARING PLAN OF
BINDLEY WESTERN INDUSTRIES, INC.
AND SUBSIDIARIES
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 2000
Current
Identity of Issue Description of Investment Cost Value
---------- --------------------------------------------- ---------------------------- ------------- -------------
American EuroPacific Growth Fund Registered Investment Company $ 1,306,864 $ 1,095,152
Fidelity Adv Equity Growth Fund Registered Investment Company 1,324,066 1,082,023
Franklin Small Cap Growth Fund Registered Investment Company 2,362,953 2,017,599
Victory Stock Index Fund Registered Investment Company 707,563 651,810
Victory Balanced Fund Registered Investment Company 2,739,771 2,788,702
American Washington Mutual Investors Fund Registered Investment Company 4,311,016 4,318,533
Victory U.S. Government Obligations Fund Registered Investment Company 9,097,994 9,520,792
* Bindley Western Industries Common Stock Fund Equity Securities of Bindley Western 5,804,048 15,113,504
Industries, Inc.
Priority Healthcare Corp Common Stock Fund Equity Securities of Priority 1,209,352 9,725,189
Healthcare Corporation
Victory Investment Quality Bond Fund Registered Investment Company 1,192,590 1,192,174
* Loans to participants (Interest rates
of 8.25% to 9.25%) 52,819 52,819
----------- ------------
$30,109,036 $ 47,558,297
=========== ============
*Denotes party-in-interest.
See auditors' report and accompanying notes to the financial statements.
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Schedule II
PROFIT SHARING PLAN OF
BINDLEY WESTERN INDUSTRIES, INC.
AND SUBSIDIARIES
SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 2000
Current
Value of
Trans- Asset on
Identity of Purchase Selling Lease action Transaction Net Gain
Party Involved Description of Asset Price Price Rental Expenses Cost Date or (Loss)
--------------------- -------------------------- --------------------------------------------------------------------------
Key Trust Company of Victory U.S. Government
Indiana, NA Obligations Fund 8,355,957 8,355,957 8,355,957 --
Key Trust Company of American Washington
Indiana, NA Mutual Investors Fund 4,362,530 4,322,530 4,322,530 --
Key Trust Company of Bindley Western Industries
Indiana, NA Common Stock Fund 6,959,624 6,959,624 6,959,624 --
Key Trust Company of American Europacific
Indiana, NA Growth Fund 1,438,436 1,438,436 1,438,436 --
Key Trust Company of Victory Prime Obligation
Indiana, NA Money Market Fund 9,554,780 9,554,780 9,554,780 --
Key Trust Company of Victory Stock Index Fund 1,560,208 1,560,208 1,560,208 --
Indiana, NA
Key Trust Company of Victory Balanced Fund 1,230,401 1,230,401 1,230,401 --
Indiana, NA
Key Trust Company of Fidelity Adv Equity
Indiana, NA Growth Fund 1,592,051 1,592,051 1,592,051 --
Key Trust Company of Franklin Small Cap
Indiana, NA Growth Fund 4,018,772 4,018,772 4,018,772 --
Key Trust Company of Victory U.S. Government
Indiana, NA Obligations Fund 3,154,959 3,062,886 3,154,959 92,073
Key Trust Company of Victory Prime Obligation
Indiana, NA Money Market Fund 9,625,442 9,625,442 9,625,442 --
Key Trust Company of American Washington
Indiana, NA Mutual Investors Fund 4,376,794 4,437,093 4,376,794 (60,299)
Key Trust Company of Bindley Western Industries
Indiana, NA Common Stock Fund 9,737,556 5,777,145 9,737,556 3,960,411
Key Trust Company of American EuroPacific
Indiana, NA Growth Fund 748,185 824,411 748,185 (76,226)
Key Trust Company of Priority Healthcare Corp.
Indiana, NA Common Stock Fund 1,962,149 984,011 1,962,149 978,139
Key Trust Company of Victory Stock Index Fund 822,912 852,645 822,912 (29,733)
Indiana, NA
Key Trust Company of Victory Balanced Fund 1,449,163 1,457,696 1,449,163 (8,533)
Indiana, NA
Key Trust Company of Fidelity Adv Equity
Indiana, NA Growth Fund 253,057 267,985 253,057 (14,928)
Key Trust Company of Franklin Small Cap
Indiana, NA Growth Fund 1,540,706 1,656,179 1,540,706 (115,473)
See auditors' report and accompanying notes to the financial statements.
11