McKesson Corporation (MCK) financial statements (2021 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
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0651,3561,9472,9811,8492,1182,199
Cash and cash equivalents2,0651,3561,9472,9811,8492,1182,199
Receivables18,83118,98419,28718,24618,93219,21319,093
Inventory, net of allowances, customer advances and progress billings17,02016,35616,60416,70916,95116,67116,364
Inventory17,02016,35616,60416,70916,95116,67116,364
Disposal group, including discontinued operation856      
Other undisclosed current assets618657590529587542558
Total current assets:39,39037,35338,42838,46538,31938,54438,214
Noncurrent Assets
Operating lease, right-of-use asset2,0132,0022,031 
Property, plant and equipment2,4082,4932,4662,5482,5032,4882,483
Long-term investments and receivables2,1432,1673,6173,5133,5663,6093,672
Long-term investments2,1432,1673,6173,5133,5663,6093,672
Intangible assets, net (including goodwill)12,82012,89713,04113,04714,43914,75514,843
Goodwill9,4569,4089,4419,35810,51910,62710,585
Intangible assets, net (excluding goodwill)3,3643,4893,6003,6893,9204,1284,258
Other noncurrent assets2,0992,0822,0972,0992,1842,0252,070
Total noncurrent assets:21,48321,64123,25221,20722,69222,87723,068
TOTAL ASSETS:60,87358,99461,68059,67261,01161,42161,282
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities36,10335,93237,26937,29635,25636,34335,188
Accounts payable32,74432,56034,02133,85332,09133,22732,063
Accrued liabilities3,3593,3723,2483,4433,1653,1163,125
Debt3,4811,2136833302,1682,5203,160
Disposal group, including discontinued operation471      
Total current liabilities:40,05537,14537,95237,62637,42438,86338,348
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,6649,2509,2737,2657,6166,5686,592
Long-term debt, excluding current maturities6,7347,3427,382 7,6166,5686,592
Finance lease, liability15014586 
Operating lease, liability1,7801,7631,805 
Other undisclosed long-term debt and lease obligation   7,265   
Liabilities, other than long-term debt1,8361,9502,0165,1012,1952,1972,448
Deferred tax liabilities, net2,998   
Other liabilities1,8361,9502,0162,1032,1952,1972,448
Other undisclosed noncurrent liabilities2,5362,5732,972 2,9832,8442,825
Total noncurrent liabilities:13,03613,77314,26112,36612,79411,60911,865
Total liabilities:53,09150,91852,21349,99250,21850,47250,213
Temporary equity, carrying amount1,3971,3841,3991,3931,4041,4151,422
Stockholders' equity
Stockholders' equity attributable to parent, including:6,1746,4827,8748,0949,1859,3269,407
Common stock3333333
Treasury stock, value(10,853)(10,353)(9,603)(8,902)(8,587)(8,678)(8,098)
Additional paid in capital6,6146,5736,4836,4356,3216,4116,372
Accumulated other comprehensive loss(1,663)(1,704)(1,778)(1,849)(1,826)(1,762)(1,801)
Retained earnings12,07511,96512,77012,40913,27613,35412,932
Other undisclosed stockholders' equity attributable to parent(2)(2)(1)(2)(2)(2)(1)
Stockholders' equity attributable to noncontrolling interest211210194193204208240
Total stockholders' equity:6,3856,6928,0688,2879,3899,5349,647
TOTAL LIABILITIES AND EQUITY:60,87358,99461,68059,67261,01161,42161,282

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

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
Revenues59,17257,61655,72852,42956,20853,07552,607
Cost of revenue(56,139)(54,749)(52,941)(49,228)(53,238)(50,271)(49,828)
Cost of goods and services sold(56,139)(54,749)(52,941) (53,238)(50,271)(49,828)
Gross profit:3,0332,8672,7873,2012,9702,8042,779
Operating expenses(2,673)(2,241)(2,153)(3,770)(2,287)(2,115)(2,696)
Operating income (loss):360626634(569)68368983
Nonoperating income (expense)26(78)3738842040
Other nonoperating income (expense)26(78)37 842040
Interest and debt expense(64)(64)(56)(70)(67)(66)(61)
Income (loss) from continuing operations before equity method investments, income taxes:322484615(601)70064362
Income (loss) from equity method investments(28)(1,454)4 (50)(56)(56)
Other undisclosed loss from continuing operations before income taxes   (32)   
Income (loss) from continuing operations before income taxes:294(970)619(633)6505876
Income tax expense (benefit)(47)294(136)(111)(123)(35)(87)
Income (loss) from continuing operations:247(676)483(744)527552(81)
Income (loss) from discontinued operations(5)(1)(6) (1)11
Net income (loss):242(677)477(744)526553(80)
Net loss attributable to noncontrolling interest(56)(53)(54)(52)(57)(54)(58)
Net income (loss) available to common stockholders, diluted:186(730)423(796)469499(138)

Comprehensive Income ($ in millions)

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
Net income (loss):242(677)477(744)526553(80)
Other comprehensive income (loss)515677(34)(75)32(121)
Comprehensive income (loss):293(621)554(778)451585(201)
Comprehensive loss, net of tax, attributable to noncontrolling interest(66)(35)(60)(41)(46)(47)(21)
Comprehensive income (loss), net of tax, attributable to parent:227(656)494(819)405538(222)

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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