Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

McKesson Corp., consolidated balance sheet: assets

US$ in millions

	Mar 31, 2016	Mar 31, 2015	Mar 31, 2014	Mar 31, 2013	Mar 31, 2012	Mar 31, 2011
Cash and cash equivalents	4,048)	5,341)	4,193)	2,456)	3,149)	3,612)
Receivables, net	17,980)	15,914)	14,193)	9,975)	9,977)	9,187)
Inventories, net	15,335)	14,296)	13,308)	10,335)	10,073)	9,225)
Prepaid expenses and other	1,074)	1,119)	879)	404)	404)	333)
Current assets	38,437)	36,670)	32,573)	23,170)	23,603)	22,357)
Property, plant and equipment, net	2,278)	2,045)	2,222)	1,321)	1,043)	991)
Goodwill	9,786)	9,817)	9,927)	6,405)	5,032)	4,364)
Intangible assets, net	3,021)	3,441)	5,022)	2,270)	1,750)	1,456)
Other noncurrent assets	3,041)	1,897)	2,015)	1,620)	1,665)	1,718)
Noncurrent assets	18,126)	17,200)	19,186)	11,616)	9,490)	8,529)
Total assets	56,563)	53,870)	51,759)	34,786)	33,093)	30,886)

Based on: 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	McKesson Corp. current assets increased from 2014 to 2015 and from 2015 to 2016.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	McKesson Corp. property, plant and equipment, net decreased from 2014 to 2015 but then increased from 2015 to 2016 exceeding 2014 level.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	McKesson Corp. noncurrent assets decreased from 2014 to 2015 but then slightly increased from 2015 to 2016.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	McKesson Corp. total assets increased from 2014 to 2015 and from 2015 to 2016.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	McKesson Corp. cash and cash equivalents increased from 2014 to 2015 but then decreased significantly from 2015 to 2016.
Receivables, net	The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.	McKesson Corp. receivables, net increased from 2014 to 2015 and from 2015 to 2016.
Inventories, net	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	McKesson Corp. inventories, net increased from 2014 to 2015 and from 2015 to 2016.

McKesson Corp. (NYSE:MCK)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items