<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 11-K
Annual Report Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
For the Fiscal Year Ended June 30, 1995
Commission File Number 0-12591
Cardinal Health, Inc. Profit Sharing and Retirement Savings Plan
(Full Title of Plan)
Cardinal Health, Inc.
5555 Glendon Court
Dublin, Ohio 43016
(Name of Issuer of the Securities Held by the Plan and
Address of Principal Executive Office)
<PAGE> 2
CARDINAL HEALTH, INC.
PROFIT SHARING AND RETIREMENT
SAVINGS PLAN
TABLE OF CONTENTS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PAGE
<S> <C>
SIGNATURES 2
INDEPENDENT AUDITORS' REPORT 3-4
FINANCIAL STATEMENTS:
Statements of Net Assets Available for Benefits as of June 30, 1995 and 1994 5-6
Statements of Changes in Net Assets Available for Benefits for the Year
Ended June 30, 1995 and the Three Months Ended June 30, 1994 7-8
Notes to Financial Statements 9-10
SUPPLEMENTAL SCHEDULES AS OF JUNE 30, 1995 AND 1994 AND FOR THE YEAR
ENDED JUNE 30, 1995 AND THE THREE MONTHS ENDED JUNE 30, 1994:
Item 27a - Schedule of Assets Held for Investment Purposes 11-12
Item 27d - Schedule of Reportable Transactions 13-14
EXHIBIT INDEX 15
EXHIBITS:
Exhibit 23 - Independent Auditors' Consent 16
</TABLE>
-1-
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the members
of the Plan Committee have duly caused this annual report to be signed on its
behalf by the undersigned thereunto duly authorized.
CARDINAL HEALTH, INC.
PROFIT SHARING AND RETIREMENT
SAVINGS PLAN
Date: December 20, 1995 /s/ David Bearman
---------------------------------------------
David Bearman, Plan Committee Member
Date: December 20, 1995 /s/ George H. Bennett Jr.
---------------------------------------------
George H. Bennett, Jr., Plan Committee Member
Date: December 20, 1995 /s/ Carole W. Tomko
---------------------------------------------
Carole W. Tomko, Plan Committee Member
-2-
<PAGE> 4
INDEPENDENT AUDITORS' REPORT
To the Plan Committee of
Cardinal Health, Inc.
Profit Sharing and Retirement
Savings Plan:
We have audited the accompanying statements of net assets available for benefits
of the Cardinal Health, Inc. Profit Sharing and Retirement Savings Plan as of
June 30, 1995 and 1994 and the related statements of changes in net assets
available for benefits for the year ended June 30, 1995 and the three months
ended June 30, 1994. These financial statements are the responsibility of the
Plan's management. Our responsibility is to express an opinion on these
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 audit 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, such financial statements present fairly, in all material
respects, the net assets available for benefits of the Cardinal Health, Inc.
Profit Sharing and Retirement Savings Plan as of June 30, 1995 and 1994, and the
changes in net assets available for benefits for the year ended June 30, 1995
and the three months ended June 30, 1994 in conformity with generally accepted
accounting principles.
-3-
<PAGE> 5
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental information by fund is
presented for the purpose of additional analysis of the basic financial
statements rather than to present information regarding the net assets available
for benefits and changes in net assets available for benefits of the individual
funds, and is not a required part of the basic financial statements. The
supplemental schedules listed in the Table of Contents 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. This supplemental
information and the supplemental schedules are the responsibility of the Plan's
management. Such supplemental information by fund and schedules have been
subjected to the auditing procedures applied in our audit of the basic financial
statements and, in our opinion, are fairly stated in all material respects when
considered in relation to the basic financial statements taken as a whole.
DELOITTE & TOUCHE LLP
Columbus, Ohio
December 15, 1995
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<PAGE> 6
CARDINAL HEALTH, INC.
PROFIT SHARING AND RETIREMENT
SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS AS OF JUNE 30, 1995
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SUPPLEMENTAL INFORMATION BY FUND
--------------------------------------------------------------
SHORT-TERM ASSET
EQUITY EQUITY INVESTMENT MANAGER
FUND A FUND B FUND FUND
<S> <C> <C> <C> <C>
ASSETS:
Contribution receivable, primarily
from Plan sponsor $ 587,517 $ 994,279 $ 562,731 $ 142,585
Participant notes receivable
Investments (Notes 1 and 3):
Mutual funds 8,905,713 19,235,788 1,154,109
Money market fund 12,703,009
Stable value fund
Equity securities
---------- ----------- ----------- ----------
Total investments 8,905,713 19,235,788 12,703,009 1,154,109
---------- ----------- ----------- ----------
NET ASSETS AVAILABLE FOR BENEFITS $9,493,230 $20,230,067 $13,265,740 $1,296,694
========== =========== =========== ==========
<CAPTION>
SUPPLEMENTAL INFORMATION BY FUND
------------------------------------------------------------------------
ASSET ASSET MANAGED
MANAGER MANAGER INCOME PARTICIPANT
GROWTH INCOME PORTFOLIO COMPANY NOTES COMBINED
FUND FUND FUND STOCK RECEIVABLE FUNDS
<S> <C> <C> <C> <C> <C> <C>
ASSETS:
Contribution receivable, primarily
from Plan sponsor $ 264,912 $ 74,988 $ 113,840 $ 521,342 $ 3,262,194
Participant notes receivable $1,175,221 1,175,221
Investments (Notes 1 and 3):
Mutual funds 1,437,292 2,288,311 33,021,213
Money market fund 12,703,009
Stable value fund 974,319 974,319
Equity securities 5,022,333 5,022,333
---------- ---------- ---------- ---------- ---------- -----------
Total investments 1,437,292 2,288,311 974,319 5,022,333 51,720,874
---------- ---------- ---------- ---------- ---------- -----------
NET ASSETS AVAILABLE FOR BENEFITS $1,702,204 $2,363,299 $1,088,159 $5,543,675 $1,175,221 $56,158,289
========== ========== ========== ========== ========== ===========
</TABLE>
See notes to financial statements.
-5-
<PAGE> 7
CARDINAL HEALTH, INC.
PROFIT SHARING AND RETIREMENT
SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS AS OF JUNE 30, 1994
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SUPPLEMENTAL INFORMATION BY FUND
----------------------------------------------------------
SHORT-TERM ASSET
EQUITY EQUITY INVESTMENT MANAGER
FUND A FUND B FUND FUND
<S> <C> <C> <C> <C>
ASSETS:
Contribution receivable, primarily from Plan sponsor $ 138,745 $ 226,956 $ 116,876 $ 21,708
Investments (Notes 1 and 3): 6,419,321 9,050,073 488,427
Mutual funds
Money market fund 7,301,501
Stable value fund
Equity securities
---------- ---------- ---------- ----------
Total investments 6,419,321 9,050,073 7,301,501 488,427
---------- ---------- ---------- ----------
NET ASSETS AVAILABLE FOR BENEFITS $6,558,066 $9,277,029 $7,418,377 $ 510,135
========== ========== ========== ==========
<CAPTION>
SUPPLEMENTAL INFORMATION BY FUND
-------------------------------------------------------
ASSET ASSET MANAGED
MANAGER MANAGER INCOME
GROWTH INCOME PORTFOLIO COMPANY COMBINED
FUND FUND FUND STOCK FUNDS
<S> <C> <C> <C> <C> <C>
ASSETS:
Contribution receivable, primarily from Plan sponsor $ 40,432 $ 9,947 $ 21,263 $ 102,210 $ 678,137
Investments (Notes 1 and 3):
Mutual funds 568,118 378,057 16,903,996
Money market fund 7,301,501
Stable value fund 588,552 588,552
Equity securities 3,083,182 3,083,182
---------- ---------- ---------- ---------- -----------
Total investments 568,118 378,057 588,552 3,083,182 27,877,231
---------- ---------- ---------- ---------- -----------
NET ASSETS AVAILABLE FOR BENEFITS $ 608,550 $ 388,004 $ 609,815 $3,185,392 $28,555,368
========== ========== ========== ========== ===========
</TABLE>
See notes to financial statements.
-6-
<PAGE> 8
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE
FOR BENEFITS FOR THE YEAR ENDED JUNE 30, 1995
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SUPPLEMENTAL INFORMATION BY FUND
------------------------------------------------------------------------------
ASSET ASSET
SHORT-TERM ASSET MANAGER MANAGER
EQUITY EQUITY INVESTMENT MANAGER GROWTH INCOME
FUND A FUND B FUND FUND FUND FUND
<S> <C> <C> <C> <C> <C> <C>
INCREASES IN NET ASSETS:
Contributions transferred from previous
qualified plans (Note 2) $1,498,553 $ 5,417,705 $ 5,487,806 $ 422,749 $ 341,574 $1,883,732
Contributions from Plan sponsor 817,522 1,359,057 743,832 198,898 356,455 106,127
Contributions from Plan participants 685,112 1,132,393 444,370 162,900 317,941 95,584
Investment income:
Dividends 517,776 74,596 451,478 31,770 27,830 31,605
Interest 1,918 3,063 2,383 3,097 2,109 262
Net appreciation in fair value of investments 340,666 4,302,764 38,603 58,538 85,202
---------- ----------- ----------- ---------- ---------- ----------
Total increases 3,861,547 12,289,578 7,129,869 858,017 1,104,447 2,202,512
---------- ----------- ----------- ---------- ---------- ----------
DECREASES IN NET ASSETS:
Retirement benefits (538,452) (958,622) (1,124,618) (131,061) (65,002) (71,451)
Loan withdrawals (63,670) (217,416) (178,251) (8,185) (11,899) 324
Miscellaneous - other (160) (265) (664) (39) (40)
Interfund transfers (324,101) (160,237) 21,027 67,827 66,108 (156,050)
---------- ----------- ----------- ---------- ---------- ----------
Total (decreases) increases (926,383) (1,336,540) (1,282,506) (71,458) (10,793) (227,217)
---------- ----------- ----------- ---------- ---------- ----------
INCREASE IN NET ASSETS AVAILABLE
FOR BENEFITS 2,935,164 10,953,038 5,847,363 786,559 1,093,654 1,975,295
NET ASSETS AVAILABLE FOR
BENEFITS, BEGINNING OF YEAR 6,558,066 9,277,029 7,418,377 510,135 608,550 388,004
---------- ----------- ----------- ---------- ---------- ----------
NET ASSETS AVAILABLE FOR
BENEFITS, END OF YEAR $9,493,230 $20,230,067 $13,265,740 $1,296,694 $1,702,204 $2,363,299
========== =========== =========== ========== ========== ==========
<CAPTION>
SUPPLEMENTAL INFORMATION BY FUND
--------------------------------------
MANAGED
INCOME PARTICIPANT
PORTFOLIO COMPANY NOTES COMBINED
FUND STOCK RECEIVABLE FUNDS
<S> <C> <C> <C> <C>
INCREASES IN NET ASSETS:
Contributions transferred from previous
qualified plans (Note 2) $ 184,351 $ 298,371 $ 695,154 $16,229,995
Contributions from Plan sponsor 155,568 701,384 4,438,843
Contributions from Plan participants 118,260 516,506 3,473,066
Investment income:
Dividends 44,395 10,134 1,189,584
Interest 963 972 14,767
Net appreciation in fair value of investments 695,859 5,521,632
---------- ---------- ---------- -----------
Total increases 503,537 2,223,226 695,154 30,867,887
---------- ---------- ---------- -----------
DECREASES IN NET ASSETS:
Retirement benefits (184,366) (190,226) (3,263,798)
Loan withdrawals (6,421) 5,451 480,067
Miscellaneous - other (1,168)
Interfund transfers 165,594 319,832
---------- ---------- ---------- -----------
Total (decreases) increases (25,193) 135,057 480,067 (3,264,966)
---------- ---------- ---------- -----------
INCREASE IN NET ASSETS AVAILABLE
FOR BENEFITS 478,344 2,358,283 1,175,221 27,602,921
NET ASSETS AVAILABLE FOR
BENEFITS, BEGINNING OF YEAR 609,815 3,185,392 28,555,368
---------- ---------- ---------- -----------
NET ASSETS AVAILABLE FOR
BENEFITS, END OF YEAR $1,088,159 $5,543,675 $1,175,221 $56,158,289
========== ========== ========== ===========
</TABLE>
See notes to financial statements.
-7-
<PAGE> 9
CARDINAL HEALTH, INC.
PROFIT SHARING AND RETIREMENT
SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE
FOR BENEFITS FOR THE THREE MONTHS ENDED JUNE 30, 1994
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SUPPLEMENTAL INFORMATION BY FUND
--------------------------------------------------------------------
ASSET
SHORT-TERM ASSET MANAGER
EQUITY EQUITY INVESTMENT MANAGER GROWTH
FUND A FUND B FUND FUND FUND
<S> <C> <C> <C> <C> <C>
INCREASES IN NET ASSETS:
Contributions transferred from previous qualified
plans (Note 2) $ 9,765 $ 43,835 $ 13,167 $ 13,620
Contributions from Plan sponsor 167,255 265,977 $ 137,590 25,969 47,075
Contributions from Plan participants 86,870 140,744 50,983 12,167 26,482
Investment income - dividends 49,596 347,373 62,015 2,770
Net appreciation (depreciation) in fair value of
investments 6,049 (748,403) (9,403) (12,359)
---------- ---------- ---------- -------- --------
Total increases 319,535 49,526 250,588 44,670 74,818
---------- ---------- ---------- -------- --------
DECREASES IN NET ASSETS:
Retirement benefits (54,348) (84,959) (568,573) (102) (70)
Interfund transfers (14,290) (36,096) (148,401) 46,008 8,508
---------- ---------- ---------- -------- --------
Total (decreases) increases (68,638) (121,055) (716,974) 45,906 8,438
---------- ---------- ---------- -------- --------
INCREASE (DECREASE) IN NET
ASSETS AVAILABLE FOR BENEFITS 250,897 (71,529) (466,386) 90,576 83,256
NET ASSETS AVAILABLE FOR
BENEFITS, BEGINNING OF PERIOD 6,307,169 9,348,558 7,884,763 419,559 525,294
---------- ---------- ---------- -------- --------
NET ASSETS AVAILABLE FOR
BENEFITS, END OF PERIOD $6,558,066 $9,277,029 $7,418,377 $510,135 $608,550
========== ========== ========== ======== ========
<CAPTION>
SUPPLEMENTAL INFORMATION BY FUND
--------------------------------
ASSET MANAGED
MANAGER INCOME
INCOME PORTFOLIO COMPANY COMBINED
FUND FUND STOCK FUNDS
<S> <C> <C> <C> <C>
INCREASES IN NET ASSETS:
Contributions transferred from previous qualified
plans (Note 2) $ 16,043 $ 5,460 $ 15,968 $ 117,858
Contributions from Plan sponsor 12,302 18,362 120,798 795,328
Contributions from Plan participants 8,035 10,557 56,012 391,850
Investment income - dividends 3,189 7,338 1,620 473,901
Net appreciation (depreciation) in fair value of
investments (3,970) (1,865) 193,208 (576,743)
-------- -------- ---------- -----------
Total increases 35,599 39,852 387,606 1,202,194
-------- -------- ---------- -----------
DECREASES IN NET ASSETS:
Retirement benefits (87) (71,769) (779,908)
Interfund transfers 3,199 39,243 101,829
-------- -------- ---------- -----------
Total (decreases) increases 3,199 39,156 30,060 (779,908)
-------- -------- ---------- -----------
INCREASE (DECREASE) IN NET
ASSETS AVAILABLE FOR BENEFITS 38,798 79,008 417,666 422,286
NET ASSETS AVAILABLE FOR
BENEFITS, BEGINNING OF PERIOD 349,206 530,807 2,767,726 28,133,082
-------- -------- ---------- -----------
NET ASSETS AVAILABLE FOR
BENEFITS, END OF PERIOD $388,004 $609,815 $3,185,392 $28,555,368
======== ======== ========== ===========
</TABLE>
See notes to financial statements.
-8-
<PAGE> 10
CARDINAL HEALTH, INC.
PROFIT SHARING AND RETIREMENT
SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED
JUNE 30, 1995 AND THE THREE MONTHS ENDED JUNE 30, 1994
- --------------------------------------------------------------------------------
1. ACCOUNTING POLICIES
The accompanying financial statements have been prepared on the accrual
basis. Purchases and sales of securities are recorded on the trade date.
Interest income is recorded as earned and dividend income is recorded on
the ex-dividend date.
The statements of net assets available for benefits include investments in
mutual funds, money market funds, stable value funds and equity securities
valued at quoted market prices on the last business day of the plan year.
2. DESCRIPTION OF PLAN
Substantially all employees of Cardinal Health, Inc. and its subsidiaries
(collectively referred to as the employer, Plan sponsor or Company) not
covered by a collective bargaining agreement and who have completed 1,000
or more hours of credited service are eligible to participate in the
Plan. The Plan was adopted on March 25, 1987, and replaced a variety of
non-collectively bargained retirement plans the Company previously
maintained at the subsidiary level. Contributions transferred from or
receivable from previous qualified plans are comprised of transfer
contributions of new employees from other previously unrelated qualified
plans.
Effective October 1, 1993, the Plan allows employees to authorize payroll
deductions up to the lesser of 15% of their credited compensation or the
maximum allowed under the IRS guidelines. In addition, Company Matching
Contributions are 75% of the Participant Elected Contributions up to 3% of
credited compensation. The Company also makes profit sharing contributions
("Profit Sharing Contributions") to the Plan on behalf of each eligible
employee who completes at least 1,000 hours of service and was an eligible
employee on the last day of the plan year. The Company's Profit Sharing
Contributions each plan year consist of: (a) automatic contributions equal
to 3% of total credited compensation for all eligible participants; and
(b) additional contributions, if any, determined at the sole discretion of
the Company, which are allocated to participants based first upon their
credited compensation in excess of the Social Security taxable wage base
(up to 6.06% of such excess) and next, pro rata, based upon total credited
compensation. The investment of such contributions is generally directed
by the employee into one or more of the following investment options: a
money market fund, a stable value fund, one of five mutual funds or the
Company's common stock fund established under the Plan.
All participants in the Plan who were employed by the Company on its
commencement date are fully vested in all plan benefits which accrue to
their account. Subsequently hired participants have a nonforfeitable right
to accrued benefits pertaining to Participant Elected Contributions and
transfer contributions at all times, and a nonforfeitable right to accrued
benefits from Company Matching Contributions and Profit Sharing
Contributions in the event of retirement or other termination of
employment: (a) on or after the participant's 65th birthday; (b) on
account of permanent disability;
-9-
<PAGE> 11
(c) by reason of death; or (d) after completion of 5 years of service. A
newly hired participant whose employment terminates under other
circumstances will have a nonforfeitable right to a portion of the accrued
benefits from Company Matching Contributions and Profit Sharing
Contributions determined under a 5-year schedule, based on years of
service. All other unvested accrued benefits will be forfeited and used to
reduce Company contributions. All administrative expenses are paid by the
Plan sponsor, excluding loan fees which are paid by the borrowing
participant.
Effective January 1, 1995 participants may borrow from their fund accounts
a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50
percent of their vested account balance. Loan transactions are treated as
a transfer to (from) the investment fund from (to) the Participant Notes
fund. Loan terms range from 1-5 years or up to 15 years for the purchase
of a primary residence. The loans are secured by the remaining vested
balance in the participant's account and bear interest at a rate
commensurate with local prevailing rates as determined monthly by the
Plan administrator. Interest rates for outstanding loans range from 6
percent to 13 percent. Principal and interest are paid ratably through
payroll deductions.
As of June 30, 1995, benefits payable to terminated employees were
$54,774. There were no benefits payable as of June 30, 1994. These amounts
are included on line 31g of the Plan's Form 5500.
Although it has not expressed any intent to do so, the Company reserves
the right to terminate the Plan. In this event, the accounts of all
participants and beneficiaries would become fully vested and all benefits
nonforfeitable.
In September 1994, the Plan was approved as a qualified defined
contribution plan by the Internal Revenue Service. The Plan has been
amended since receiving the determination letter. However, the Plan
administrator believes that the Plan is currently designed and being
operated in compliance with the applicable requirements of the Internal
Revenue Code. Therefore, the administrator believes that the Plan was
qualified and was tax-exempt as of the financial statement date.
For further information, participants should refer to the Summary Plan
Description provided by the Plan sponsor.
3. PLAN INVESTMENTS
Investments of more than five percent of net assets at June 30, 1995 and
1994 consisted of:
<TABLE>
<CAPTION>
1995 1994
--------------------------- ------------------------
MARKET MARKET
VALUE COST VALUE COST
<S> <C> <C> <C> <C>
Equity Securities - Cardinal
Health, Inc. Common Shares $ 5,022,333 $ 3,564,853 $3,083,182 $2,180,898
Mutual Funds:
Fidelity Puritan Fund 8,905,713 8,366,002 6,419,321 6,215,828
Fidelity Magellan Fund 19,235,788 15,230,954 9,050,073 9,244,360
Fidelity Retirement Government
Money Market Portfolio 12,703,009 12,703,009 7,301,501 7,301,501
</TABLE>
* * * * * *
-10-
<PAGE> 12
CARDINAL HEALTH, INC.
PROFIT SHARING AND RETIREMENT
SAVINGS PLAN
SUPPLEMENTAL SCHEDULE - ITEM 27a - SCHEDULE OF ASSETS HELD
FOR INVESTMENT PURPOSES AS OF JUNE 30, 1995
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
UNITS/ MARKET
SHARES DESCRIPTION VALUE COST
<S> <C> <C> <C>
Mutual Funds:
551,437 Fidelity Puritan Fund $ 8,905,713 $ 8,366,002
230,369 Fidelity Magellan Fund 19,235,788 15,230,954
12,703,009 Fidelity Retirement Government
Money Market Portfolio 12,703,009 12,703,009
77,980 Fidelity Asset Manager Fund 1,154,109 1,132,847
102,884 Fidelity Asset Manager Growth Fund 1,437,292 1,398,924
205,598 Fidelity Asset Manager Income Fund 2,288,311 2,210,934
974,319 Fidelity Managed Income Portfolio Fund 974,319 974,319
------------ ------------
Total Mutual Funds 46,698,541 42,016,989
106,293 Equity Securities - Cardinal Health, Inc. 5,022,333 3,564,853
Participant Notes Receivable - interest rate
6% - 13% maturing 1996 through 2010 1,175,221 1,175,221
------------ ------------
TOTAL $ 52,896,095 $ 46,757,063
============ ============
</TABLE>
-11-
<PAGE> 13
CARDINAL HEALTH, INC.
PROFIT SHARING AND RETIREMENT
SAVINGS PLAN
SUPPLEMENTAL SCHEDULE - ITEM 27a - SCHEDULE OF ASSETS HELD
FOR INVESTMENT PURPOSES AS OF JUNE 30, 1994
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
UNITS/ MARKET
SHARES DESCRIPTION VALUE COST
<S> <C> <C> <C>
Mutual Funds:
413,084 Fidelity Puritan Fund $ 6,419,321 $ 6,215,828
141,540 Fidelity Magellan Fund 9,050,073 9,244,360
7,301,501 Fidelity Retirement Government
Money Market Portfolio 7,301,501 7,301,501
34,324 Fidelity Asset Manager Fund 488,427 515,769
42,684 Fidelity Asset Manager Growth Fund 568,118 597,460
35,498 Fidelity Asset Manager Income Fund 378,057 390,891
588,552 Fidelity Managed Income Portfolio Fund 588,552 588,552
----------- -----------
Total Mutual Funds 24,794,049 24,854,361
62,922 Equity Securities - Cardinal Health, Inc. 3,083,182 2,180,898
----------- -----------
TOTAL $27,877,231 $27,035,259
=========== ===========
</TABLE>
-12-
<PAGE> 14
CARDINAL HEALTH, INC.
PROFIT SHARING AND RETIREMENT
SAVINGS PLAN
SUPPLEMENTAL SCHEDULE - ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED JUNE 30, 1995
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
COST OF ASSET NET
PURCHASES(1) PROCEEDS(1) AT DATE OF SALE GAIN
<S> <C> <C> <C> <C>
SERIES OF REPORTABLE TRANSACTIONS:(2)
Fidelity Puritan Fund $3,307,788 $1,162,062 $1,157,610 $ 4,452
Fidelity Magellan Fund 7,708,701 1,825,750 1,722,108 103,642
Company Stock Fund 1,663,210 419,918 279,253 140,665
Fidelity Asset Manager Income Fund 2,088,406 263,354 258,344 5,010
Fidelity Short Term Investment Fund 7,124,343 1,722,835 1,722,835
SINGLE REPORTABLE TRANSACTIONS:
Fidelity Magellan Fund 5,205,213
Fidelity Short Term Investment Fund 5,431,175
Fidelity Asset Manager Income Fund 1,857,690
</TABLE>
(1) Purchase price and selling price are equal to current value at date of
transaction.
(2) Includes single reportable transactions.
-13-
<PAGE> 15
CARDINAL HEALTH, INC.
PROFIT SHARING AND RETIREMENT
SAVINGS PLAN
SUPPLEMENTAL SCHEDULE - ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE THREE MONTHS ENDED JUNE 30, 1994
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
COST OF ASSET NET
PURCHASES(1) PROCEEDS(1) AT DATE OF SALE GAIN
<S> <C> <C> <C> <C>
SERIES OF REPORTABLE TRANSACTIONS -
Fidelity Magellan Fund $1,403,247 $269,878 $269,517 $361
</TABLE>
(1) Purchase price and selling price are equal to current value at date of
transaction.
-14-
<PAGE> 16
CARDINAL HEALTH, INC.
PROFIT SHARING AND RETIREMENT
SAVINGS PLAN
EXHIBIT INDEX
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Page
<S> <C>
Exhibit 23 - Independent Auditors' Consent 16
</TABLE>
-15-
<PAGE> 1
EXHIBIT 23
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in Registration Statement No.
33-42357 of Cardinal Health, Inc. on Form S-8 of our report dated December 15,
1995, appearing in this Annual Report on Form 11-K of the Cardinal Health, Inc.
Profit Sharing and Retirement Savings Plan for the year ended June 30, 1995.
DELOITTE & TOUCHE LLP
Columbus, Ohio
December 26, 1995
-16-
