Exhibit 99.2
Owens & Minor, Inc.
Summary Segment Information (unaudited)
The unaudited reclassified summary segment financial information below is provided to reflect the realignment of the Company's reporting segments effective during the first quarter of 2018. The Company did not operate under the realigned structure for any of these prior periods and has begun to report comparative results under the new structure effective with the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018.
Reportable segment data on a quarterly basis for the year ended December 31, 2017 and on an annual basis for the years ended December 31, 2017 and 2016 is presented in the table below:
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| | | | | | | | | | | | | | | | | | | | | | | | |
| | | Year ended December 31, 2017 | | |
| | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | | Total | | Year ended December 31, 2016 |
| Net revenue: | | | | | | | | | | | | |
| Segment net revenue | | | | | | | | | | | | |
| Global Solutions | | $ | 2,288,955 |
| | $ | 2,226,367 |
| | $ | 2,290,804 |
| | $ | 2,379,892 |
| | $ | 9,186,018 |
| | $ | 9,535,248 |
|
| Global Products | | 137,153 |
| | 130,959 |
| | 124,542 |
| | 111,373 |
| | 504,026 |
| | 539,580 |
|
| Total segment net revenue | | 2,426,108 |
| | 2,357,326 |
| | 2,415,346 |
| | 2,491,265 |
| | 9,690,044 |
| | 10,074,828 |
|
| Inter-segment revenue | | | | | | | | | | | | |
| Global Products | | (97,535 | ) | | (91,419 | ) | | (81,385 | ) | | (101,431 | ) | | (371,769 | ) | | (351,397 | ) |
| Total inter-segment revenue | | (97,535 | ) | | (91,419 | ) | | (81,385 | ) | | (101,431 | ) | | (371,769 | ) | | (351,397 | ) |
| Consolidated net revenue | | $ | 2,328,573 |
| | $ | 2,265,907 |
| | $ | 2,333,961 |
| | $ | 2,389,834 |
| | $ | 9,318,275 |
| | $ | 9,723,431 |
|
| | | | | | | | | | | | | |
| Operating income (loss): | | | | | | | | | | | | |
| Global Solutions | | $ | 37,951 |
| | $ | 30,212 |
| | $ | 33,893 |
| | $ | 28,141 |
| | $ | 130,198 |
| | $ | 171,091 |
|
| Global Products | | 8,128 |
| | 8,810 |
| | 9,102 |
| | 6,910 |
| | 32,950 |
| | 53,799 |
|
| Inter-segment eliminations | | (698 | ) | | 19 |
| | 416 |
| | 508 |
| | 243 |
| | (616 | ) |
| Acquisition-related and exit and realignment charges | | (8,942 | ) | | (2,893 | ) | | (9,299 | ) | | (39,573 | ) | | (60,707 | ) | | (24,675 | ) |
Other (1) | | (922 | ) | | (3,311 | ) | | (4,441 | ) | | (4,758 | ) | | (13,433 | ) | | — |
|
| Consolidated operating income | | $ | 35,517 |
| | $ | 32,837 |
| | $ | 29,671 |
| | $ | (8,772 | ) | | $ | 89,251 |
| | $ | 199,599 |
|
| | | | | | | | | | | | | |
| Depreciation and amortization: | | | | | | | | | | | | |
| Global Solutions | | $ | 10,664 |
| | $ | 10,733 |
| | $ | 13,906 |
| | $ | 15,506 |
| | $ | 50,809 |
| | $ | 46,586 |
|
| Global Products | | 1,894 |
| | 1,915 |
| | 1,947 |
| | 2,878 |
| | 8,634 |
| | 8,807 |
|
| Consolidated depreciation and amortization | | $ | 12,558 |
| | $ | 12,648 |
| | $ | 15,853 |
| | $ | 18,384 |
| | $ | 59,443 |
| | $ | 55,393 |
|
| | | | | | | | | | | | | |
| Capital expenditures: | | | | | | | | | | | | |
| Global Solutions | | $ | 13,840 |
| | $ | 8,417 |
| | $ | 12,778 |
| | $ | 11,897 |
| | $ | 46,932 |
| | $ | 27,207 |
|
| Global Products | | 928 |
| | 1,105 |
| | 718 |
| | 1,051 |
| | 3,805 |
| | 2,914 |
|
| Consolidated capital expenditures | | $ | 14,768 |
| | $ | 9,522 |
| | $ | 13,496 |
| | $ | 12,948 |
| | $ | 50,737 |
| | $ | 30,121 |
|
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(1) 2017 included software as a service (SaaS) implementation costs associated with the upgrading of our global IT platforms in connection with the redesign of our global information system strategy. |
