McKesson Corporation (MCK) financial statements (2022 and earlier)

Company profile

Business Address 6555 STATE HIGHWAY 161
IRVING, TX 75039
State of Incorp. DE
Fiscal Year End March 31
SIC 5122 - Drugs, Drug Proprietaries, and Druggists' Sundries (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1126,5474,0152,9812,6722,7834,048
Cash and cash equivalents2,7546,2784,0152,9812,6722,7834,048
Short-term investments358269     
Restricted cash and investments405118     
Receivables18,35519,18119,95018,24617,71118,21517,980
Inventory, net of allowances, customer advances and progress billings19,02419,24616,73416,70916,31015,27815,335
Inventory19,02419,24616,73416,70916,31015,27815,335
Disposal group, including discontinued operation5,53412906    
Other undisclosed current assets682786175294436721,074
Total current assets:46,49845,38242,22238,46537,13636,94838,437
Noncurrent Assets
Operating lease, right-of-use asset1,5812,1001,886
Property, plant and equipment2,0642,5812,3652,5482,4642,2922,278
Long-term investments and receivables   3,5133,7284,063 
Long-term investments   3,5133,7284,063 
Intangible assets, net (including goodwill)11,59212,37112,51613,04715,02614,25112,807
Goodwill9,4629,4939,3609,35810,92410,5869,786
Intangible assets, net (excluding goodwill)2,1302,8783,1563,6894,1023,6653,021
Other noncurrent assets1,9732,5812,2582,0992,0273,4153,041
Total noncurrent assets:17,21019,63319,02521,20723,24524,02118,126
TOTAL ASSETS:63,70865,01561,24759,67260,38160,96956,563
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities41,51542,96240,53537,29635,49334,02632,533
Accounts payable37,18338,97537,19533,85332,17731,02228,585
Accrued liabilities4,3323,9873,3403,4433,3163,0043,948
Debt8107421,0523301,1291,2401,619
Disposal group, including discontinued operation4,8339683    
Deferred revenue and credits63346919
Other undisclosed current liabilities294390354    
Total current liabilities:47,45244,10342,62437,62636,68535,61235,071
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,5186,4066,3357,2656,7517,3056,535
Long-term debt, excluding current maturities5,518      
Finance lease, liability 206151
Operating lease, liability1,3911,8671,660
Other undisclosed long-term debt and lease obligation(1,391)4,3334,5247,2656,7517,3056,535
Liabilities, other than long-term debt10,13411,1933,9175,1015,4295,4524,543
Deferred tax liabilities, net2,9982,8043,6782,734
Deferred income tax liabilities1,3691,4112,255
Estimated litigation liability7,1538,067     
Other liabilities1,6121,7151,6622,1032,6251,7741,809
Other undisclosed noncurrent liabilities1,3911,8671,660    
Total noncurrent liabilities:17,04319,46611,91212,36612,18012,75711,078
Total liabilities:64,49563,56954,53649,99248,86548,36946,149
Temporary equity, carrying amount 1,2711,4021,3931,4591,3271,406
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,274)(21)5,0928,0949,80411,0958,924
Common stock2223333
Treasury stock, value(15,766)(13,670)(12,892)(8,902)(7,655)(5,982)(3,721)
Additional paid in capital7,4116,9256,6636,4356,1886,0285,845
Accumulated other comprehensive loss(1,655)(1,480)(1,703)(1,849)(1,717)(2,141)(1,561)
Retained earnings8,7348,20213,02212,40912,98613,1898,360
Other additional capital     (2)(2)
Other undisclosed stockholders' equity attributable to parent   (2)(1)  
Stockholders' equity attributable to noncontrolling interest48719621719325317884
Total stockholders' equity:(787)1755,3098,28710,05711,2739,008
TOTAL LIABILITIES AND EQUITY:63,70865,01561,24759,67260,38160,96956,563

Income statement (P&L) ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues263,576238,228231,051214,319208,357198,533190,884
Revenue, net208,357198,533190,884
Cost of revenue(250,303)(226,080)(219,028)(202,565)(197,173)(187,262)(179,468)
Cost of goods and services sold(250,303)(226,080)(219,028)    
Gross profit:13,27312,14812,02311,75411,18411,27111,416
Operating expenses(18,528)(17,188)(9,534)(10,868)(10,422)(4,162)(7,871)
Operating income (loss):(5,255)(5,040)2,4898867627,1093,545
Nonoperating income440223121821309058
Investment income, nonoperating 124939912918
Other nonoperating income20230544473125
Interest and debt expense(359)(217)(249)(264)(283)(308)(353)
Income (loss) from continuing operations before equity method investments, income taxes:(5,174)(5,034)2,2528046096,8913,250
Income from equity method investments1,478      
Other undisclosed loss from continuing operations before income taxes  (1,108)(194)(370)  
Income (loss) from continuing operations before income taxes:(3,696)(5,034)1,1446102396,8913,250
Income tax expense (benefit)188695(18)(356)53(1,614)(908)
Income (loss) from continuing operations:(3,508)(4,339)1,1262542925,2772,342
Income (loss) from discontinued operations8(1)(6)15(124)(32)
Net income (loss):(3,500)(4,340)1,1202552975,1532,310
Net loss attributable to noncontrolling interest(172)(199)(220)(221)(230)(83)(52)
Net income (loss) available to common stockholders, diluted:(3,672)(4,539)90034675,0702,258

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):(3,500)(4,340)1,1202552975,1532,310
Other comprehensive income (loss)(18)170149(198)609(659)172
Comprehensive income (loss):(3,518)(4,170)1,269579064,4942,482
Comprehensive loss, net of tax, attributable to noncontrolling interest(122)(146)(223)(155)(415)(4)(72)
Comprehensive income (loss), net of tax, attributable to parent:(3,640)(4,316)1,046(98)4914,4902,410

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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