Exhibit 99.3
PSS WORLD MEDICAL, INC.
Unaudited Consolidated Return on Committed Capital
(Dollars in millions)
Year Ended April 1, 2005 | ||||
Annualized Return | $ | 67.3 | ||
Average Committed Capital(h) | 283.4 | |||
ROCC(b) | 23.7 | % | ||
Return: | ||||
Income from continuing operations | $ | 39.4 | ||
Provision for income taxes | 16.8 | |||
Interest expense | 6.8 | |||
Amortization of intangible assets | 4.5 | |||
Interest and investment income | (0.2 | ) | ||
$ | 67.3 | |||
As of | ||||||||
April 1, 2005 | April 2, 2004 | |||||||
Average committed capital: | ||||||||
Total assets | $ | 646.3 | $ | 586.8 | ||||
Less assets excluded: | ||||||||
Cash | (17.9 | ) | (58.9 | ) | ||||
Goodwill | (85.6 | ) | (69.9 | ) | ||||
Intangibles, net | (21.9 | ) | (11.3 | ) | ||||
Deferred tax asset from sale of Imaging Business | (15.8 | ) | (30.5 | ) | ||||
Total liabilities | (369.5 | ) | (347.6 | ) | ||||
Plus liabilities excluded: | ||||||||
Revolving line of credit | 25.0 | 35.0 | ||||||
Convertible senior notes | 150.0 | 150.0 | ||||||
Accrued loss on disposal of discontinued operations | — | 2.5 | ||||||
$ | 310.6 | $ | 256.1 | |||||
Average committed capital(h) | $ | 283.4 | ||||||