McKesson Corporation (MCK) financial statements (2020 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)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0652,9812,6722,7834,0485,3414,193
Cash and cash equivalents2,0652,9812,6722,7834,0485,3414,193
Receivables18,83118,24617,71118,21517,98015,91414,193
Inventory, net of allowances, customer advances and progress billings17,02016,70916,31015,27815,33514,29613,308
Inventory17,02016,70916,31015,27815,33514,29613,308
Disposal group, including discontinued operation856      
Deferred tax assets    2651
Other undisclosed current assets6185294436721,0741,093828
Total current assets:39,39038,46537,13636,94838,43736,67032,573
Noncurrent Assets
Operating lease, right-of-use asset2,013
Property, plant and equipment2,4082,5482,4642,2922,2782,0452,222
Long-term investments and receivables2,1433,5133,7284,063   
Long-term investments2,1433,5133,7284,063   
Intangible assets, net (including goodwill)12,82013,04715,02614,25112,80713,25814,949
Goodwill9,4569,35810,92410,5869,7869,8179,927
Intangible assets, net (excluding goodwill)3,3643,6894,1023,6653,0213,4415,022
Deferred costs     91 
Other noncurrent assets2,0992,0992,0273,4153,0411,8972,015
Deferred tax assets, net    5019
Other undisclosed noncurrent assets     (141)(19)
Total noncurrent assets:21,48321,20723,24524,02118,12617,20019,186
TOTAL ASSETS:60,87359,67260,38160,96956,56353,87051,759
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities36,10337,29635,49334,02632,53328,93524,907
Accounts payable32,74433,85332,17731,02228,58525,16621,429
Accrued liabilities3,3593,4433,3163,0043,9483,7693,478
Debt3,4813301,1291,2401,6191,6641,770
Disposal group, including discontinued operation471      
Deferred revenue and credits633469191,0781,236
Deferred tax liabilities    1,8201,588
Total current liabilities:40,05537,62636,68535,61235,07133,49729,501
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,6647,2656,7517,3056,5358,1808,949
Long-term debt, excluding current maturities6,734      
Finance lease, liability150
Operating lease, liability1,780
Other undisclosed long-term debt and lease obligation 7,2656,7517,3056,5358,1808,949
Liabilities, other than long-term debt1,8365,1015,4295,4524,5433,5814,274
Deferred tax liabilities, net2,9982,8043,6782,7348591,283
Other liabilities1,8362,1032,6251,7741,8092,7222,991
Other undisclosed noncurrent liabilities2,536    (859)(1,283)
Total noncurrent liabilities:13,03612,36612,18012,75711,07810,90211,940
Total liabilities:53,09149,99248,86548,36946,14944,39941,441
Temporary equity, carrying amount1,3971,3931,4591,3271,4061,386 
Stockholders' equity
Stockholders' equity attributable to parent, including:6,1748,0949,80411,0958,9248,0018,522
Common stock3333344
Treasury stock, value(10,853)(8,902)(7,655)(5,982)(3,721)(9,956)(9,507)
Additional paid in capital6,6146,4356,1886,0285,8456,9686,552
Accumulated other comprehensive loss(1,663)(1,849)(1,717)(2,141)(1,561)(1,713)(3)
Retained earnings12,07512,40912,98613,1898,36012,70511,453
Other additional capital   (2)(2)(7)23
Other undisclosed stockholders' equity attributable to parent(2)(2)(1)    
Stockholders' equity attributable to noncontrolling interest21119325317884841,796
Total stockholders' equity:6,3858,28710,05711,2739,0088,08510,318
TOTAL LIABILITIES AND EQUITY:60,87359,67260,38160,96956,56353,87051,759

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues224,945214,319208,357198,533190,884179,045137,609
Revenue, net208,357198,533190,884179,045137,609
Cost of revenue(213,057)(202,565)(197,173)(187,262)(179,468)(167,634)(129,300)
Cost of goods and services sold(163,829)      
Gross profit:11,88811,75411,18411,27111,41611,4118,309
Operating expenses(10,837)(10,868)(10,422)(4,162)(7,871)(8,443)(5,942)
Operating income:1,0518867627,1093,5452,9682,367
Nonoperating income2318213090586332
Investment income, nonoperating 399129182023
Other nonoperating income (expense)(15)44731253112
Interest and debt expense(254)(264)(283)(308)(353)(374)(303)
Income from continuing operations before equity method investments, income taxes:8208046096,8913,2502,6572,096
Income (loss) from equity method investments(1,478)    12(3)
Other undisclosed income (loss) from continuing operations before income taxes(32)(194)(370)  (12)3
Income (loss) from continuing operations before income taxes:(690)6102396,8913,2502,6572,096
Income tax expense (benefit) (356)53(1,614)(908)(815)(742)
Income (loss) from continuing operations:(690)2542925,2772,3421,8421,354
Income (loss) from discontinued operations(12)15(124)(32)(299)(96)
Net income (loss):(702)2552975,1532,3101,5431,258
Net income (loss) attributable to noncontrolling interest(215)(221)(230)(83)(52)(67)5
Net income (loss) available to common stockholders, diluted:(917)34675,0702,2581,4761,263

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):(702)2552975,1532,3101,5431,258
Other comprehensive income (loss)150(198)609(659)172(1,989)83
Comprehensive income (loss):(552)579064,4942,482(446)1,341
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(202)(155)(415)(4)(72)21216
Other undisclosed comprehensive loss, net of tax, attributable to parent      (32)
Comprehensive income (loss), net of tax, attributable to parent:(754)(98)4914,4902,410(234)1,325

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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