McKesson Corporation (MCK) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,9153,0273,8786,5474,0152,981
Cash and cash equivalents4,6782,7743,5326,2784,0152,981
Short-term investments237253346269  
Restricted cash and investments 14403118  
Receivables19,41020,53718,58319,18119,95018,246
Inventory, net of allowances, customer advances and progress billings19,69120,65718,70219,24616,73416,709
Inventory19,69120,65718,70219,24616,73416,709
Disposal group, including discontinued operation 17144,51612906 
Other undisclosed current assets258418149278617529
Total current assets:44,29244,65746,23145,38242,22238,465
Noncurrent Assets
Operating lease, right-of-use asset1,6351,6531,5482,1001,886
Property, plant and equipment2,1772,1402,0922,5812,3652,548
Long-term investments and receivables      3,513
Long-term investments      3,513
Intangible assets, net (including goodwill)12,22412,20711,51012,37112,51613,047
Goodwill9,9479,9349,4519,4939,3609,358
Intangible assets, net (excluding goodwill)2,2772,2732,0592,8783,1563,689
Other noncurrent assets1,9922,0331,9172,5812,2582,099
Total noncurrent assets:18,02818,03317,06719,63319,02521,207
TOTAL ASSETS:62,32062,69063,29865,01561,24759,672
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities46,68546,69142,62942,96240,53537,296
Accounts payable42,49042,23838,08638,97537,19533,853
Accrued liabilities4,1954,4534,5433,9873,3403,443
Debt9681,0217997421,052330
Disposal group, including discontinued operation 524,7419683 
Other undisclosed current liabilities299292297390354 
Total current liabilities:47,95748,00648,46644,10342,62437,626
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,6265,4525,0806,4066,3357,265
Finance lease, liability 173 185206151
Other undisclosed long-term debt and lease obligation4,4535,4523,5294,3334,5247,265
Liabilities, other than long-term debt11,22711,32110,17811,1933,9175,101
Deferred tax liabilities, net2,998
Deferred income tax liabilities1,3871,4651,4181,4112,255
Estimated litigation liability6,6256,6427,2208,067  
Other liabilities1,8131,8041,5401,7151,6622,103
Operating lease, liability1,4021,4101,3661,8671,660
Other undisclosed noncurrent liabilities   1,3661,8671,660 
Total noncurrent liabilities:15,85316,77316,62419,46611,91212,366
Total liabilities:63,81064,77965,09063,56954,53649,992
Temporary equity, carrying amount    1,2711,4021,393
Equity
Equity, attributable to parent, including:(1,857)(2,455)(2,272)(21)5,0928,094
Common stock332223
Treasury stock, value(20,997)(20,677)(17,045)(13,670)(12,892)(8,902)
Additional paid in capital7,7477,5367,2756,9256,6636,435
Accumulated other comprehensive loss(905)(899)(1,534)(1,480)(1,703)(1,849)
Retained earnings12,29511,5829,0308,20213,02212,409
Other undisclosed equity, attributable to parent      (2)
Equity, attributable to noncontrolling interest367366480196217193
Total equity:(1,490)(2,089)(1,792)1755,3098,287
TOTAL LIABILITIES AND EQUITY:62,32062,69063,29865,01561,24759,672

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues276,711292,681263,966238,228231,051214,319
Cost of revenue(264,353)(279,110)(250,836)(226,080)(219,028)(202,565)
Cost of goods and services sold(264,353)(279,110)(250,836)(226,080)(219,028) 
Gross profit:12,35813,57113,13012,14812,02311,754
Operating expenses(7,977)(2,082)(11,092)(17,188)(9,534)(10,868)
Operating income (loss):4,38111,4892,038(5,040)2,489886
Nonoperating income49757325922312182
Investment income, nonoperating 107 10124939
Other nonoperating income279466103305444
Interest and debt expense(248)(373)(369)(217)(249)(264)
Income (loss) from continuing operations before equity method investments, income taxes:4,63011,6891,928(5,034)2,252804
Other undisclosed loss from continuing operations before income taxes     (1,108)(194)
Income (loss) from continuing operations before income taxes:4,63011,6891,928(5,034)1,144610
Income tax expense (benefit)(905)(2,446)(636)695(18)(356)
Income (loss) from continuing operations:3,7259,2431,292(4,339)1,126254
Income (loss) before gain (loss) on sale of properties:8,1161,287(4,340)1,120255
Income (loss) from discontinued operations(3)(7)(5)(1)(6)1
Net income (loss):3,7229,2361,287(4,340)1,120255
Net loss attributable to noncontrolling interest(162)(144)(173)(199)(220)(221)
Net income (loss) available to common stockholders, diluted:3,5609,0921,114(4,539)90034

Comprehensive Income ($ in millions)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):3,7229,2361,287(4,340)1,120255
Other comprehensive income (loss)673633115170149(198)
Comprehensive income (loss):4,3959,8691,402(4,170)1,26957
Comprehensive loss, net of tax, attributable to noncontrolling interest(206)(226)(172)(146)(223)(155)
Comprehensive income (loss), net of tax, attributable to parent:4,1899,6431,230(4,316)1,046(98)

Statements Sources

The financial statements are based on the Company's filings with 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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