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)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8444,0152,9812,6722,7834,0485,341
Cash and cash equivalents3,5774,0152,9812,6722,7834,0485,341
Short-term investments267      
Restricted cash and investments155      
Receivables18,87719,95018,24617,71118,21517,98015,914
Inventory, net of allowances, customer advances and progress billings19,21116,73416,70916,31015,27815,33514,296
Inventory19,21116,73416,70916,31015,27815,33514,296
Disposal group, including discontinued operation15906     
Deferred tax assets    26
Other undisclosed current assets2666175294436721,0741,093
Total current assets:42,36842,22238,46537,13636,94838,43736,670
Noncurrent Assets
Operating lease, right-of-use asset1,9551,886
Property, plant and equipment2,5182,3652,5482,4642,2922,2782,045
Long-term investments and receivables  3,5133,7284,063  
Long-term investments  3,5133,7284,063  
Intangible assets, net (including goodwill)12,49112,51613,04715,02614,25112,80713,258
Goodwill9,5119,3609,35810,92410,5869,7869,817
Intangible assets, net (excluding goodwill)2,9803,1563,6894,1023,6653,0213,441
Deferred costs      91
Other noncurrent assets2,5132,2582,0992,0273,4153,0411,897
Deferred tax assets, net    50
Other undisclosed noncurrent assets      (141)
Total noncurrent assets:19,47719,02521,20723,24524,02118,12617,200
TOTAL ASSETS:61,84561,24759,67260,38160,96956,56353,870
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,60340,53537,29635,49334,02632,53328,935
Accounts payable36,50937,19533,85332,17731,02228,58525,166
Accrued liabilities4,0943,3403,4433,3163,0043,9483,769
Debt9291,0523301,1291,2401,6191,664
Disposal group, including discontinued operation14683     
Deferred revenue and credits633469191,078
Deferred tax liabilities    1,820
Other undisclosed current liabilities384354     
Total current liabilities:41,93042,62437,62636,68535,61235,07133,497
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,4676,3357,2656,7517,3056,5358,180
Finance lease, liability 151
Operating lease, liability1,7471,660
Other undisclosed long-term debt and lease obligation4,7204,5247,2656,7517,3056,5358,180
Liabilities, other than long-term debt10,6863,9175,1015,4295,4524,5433,581
Deferred tax liabilities, net2,9982,8043,6782,734859
Deferred income tax liabilities7732,255
Estimated litigation liability8,067      
Other liabilities1,8461,6622,1032,6251,7741,8092,722
Other undisclosed noncurrent liabilities1,7471,660    (859)
Total noncurrent liabilities:18,90011,91212,36612,18012,75711,07810,902
Total liabilities:60,83054,53649,99248,86548,36946,14944,399
Temporary equity, carrying amount1,2921,4021,3931,4591,3271,4061,386
Stockholders' equity
Stockholders' equity attributable to parent, including:(477)5,0928,0949,80411,0958,9248,001
Common stock2233334
Treasury stock, value(13,418)(12,892)(8,902)(7,655)(5,982)(3,721)(9,956)
Additional paid in capital6,8476,6636,4356,1886,0285,8456,968
Accumulated other comprehensive loss(1,503)(1,703)(1,849)(1,717)(2,141)(1,561)(1,713)
Retained earnings7,59513,02212,40912,98613,1898,36012,705
Other additional capital    (2)(2)(7)
Other undisclosed stockholders' equity attributable to parent  (2)(1)   
Stockholders' equity attributable to noncontrolling interest2002171932531788484
Total stockholders' equity:(277)5,3098,28710,05711,2739,0088,085
TOTAL LIABILITIES AND EQUITY:61,84561,24759,67260,38160,96956,56353,870

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues248,247231,051214,319208,357198,533190,884179,045
Revenue, net208,357198,533190,884179,045
Cost of revenue(235,926)(219,028)(202,565)(197,173)(187,262)(179,468)(167,634)
Cost of goods and services sold(235,926)(219,028)     
Gross profit:12,32112,02311,75411,18411,27111,41611,411
Operating expenses(17,337)(9,534)(10,868)(10,422)(4,162)(7,871)(8,443)
Operating income (loss):(5,016)2,4898867627,1093,5452,968
Nonoperating income2012182130905863
Investment income, nonoperating 493991291820
Other nonoperating income15254447312531
Interest and debt expense(220)(249)(264)(283)(308)(353)(374)
Income (loss) from continuing operations before equity method investments, income taxes:(5,216)2,2528046096,8913,2502,657
Income from equity method investments162     12
Other undisclosed loss from continuing operations before income taxes(1,108)(1,108)(194)(370)  (12)
Income (loss) from continuing operations before income taxes:(6,162)1,1446102396,8913,2502,657
Income tax expense (benefit)1,238(18)(356)53(1,614)(908)(815)
Income (loss) from continuing operations:(4,924)1,1262542925,2772,3421,842
Income (loss) from discontinued operations(8)(6)15(124)(32)(299)
Net income (loss):(4,932)1,1202552975,1532,3101,543
Net loss attributable to noncontrolling interest(203)(220)(221)(230)(83)(52)(67)
Net income (loss) available to common stockholders, diluted:(5,135)90034675,0702,2581,476

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):(4,932)1,1202552975,1532,3101,543
Other comprehensive income (loss)474149(198)609(659)172(1,989)
Comprehensive income (loss):(4,458)1,269579064,4942,482(446)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(222)(223)(155)(415)(4)(72)212
Comprehensive income (loss), net of tax, attributable to parent:(4,680)1,046(98)4914,4902,410(234)

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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