Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

McKesson Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Mar 31, 2016	Mar 31, 2015	Mar 31, 2014	Mar 31, 2013	Mar 31, 2012	Mar 31, 2011
Drafts and accounts payable	28,585)	25,166)	21,429)	16,108)	16,114)	14,090)
Short-term borrowings	7)	135)	346)	—)	400)	—)
Deferred revenue	919)	1,078)	1,236)	1,359)	1,423)	1,321)
Deferred tax liabilities	—)	1,820)	1,588)	1,626)	1,092)	1,037)
Current portion of long-term debt	1,612)	1,529)	1,424)	352)	508)	417)
Other accrued liabilities	3,948)	3,769)	3,478)	1,912)	2,149)	1,861)
Current liabilities	35,071)	33,497)	29,501)	21,357)	21,686)	18,726)
Long-term debt, excluding current portion	6,535)	8,180)	8,949)	4,521)	3,072)	3,587)
Long-term deferred tax liabilities	2,734)	859)	1,283)	278)	88)	—)
Other noncurrent liabilities	1,809)	1,863)	1,708)	1,560)	1,416)	1,353)
Noncurrent liabilities	11,078)	10,902)	11,940)	6,359)	4,576)	4,940)
Total liabilities	46,149)	44,399)	41,441)	27,716)	26,262)	23,666)
Redeemable noncontrolling interests	1,406)	1,386)	—)	—)	—)	—)
Preferred stock, $0.01 par value, no shares issued or outstanding	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	3)	4)	4)	4)	4)	4)
Additional paid-in capital	5,845)	6,968)	6,552)	6,078)	5,571)	5,339)
Retained earnings	8,360)	12,705)	11,453)	10,402)	9,451)	8,250)
Accumulated other comprehensive income (loss)	(1,561)	(1,713)	(3)	(65)	5)	87)
Other	(2)	(7)	23)	14)	4)	10)
Treasury shares, at cost	(3,721)	(9,956)	(9,507)	(9,363)	(8,204)	(6,470)
Total McKesson Corporation stockholders’ equity	8,924)	8,001)	8,522)	7,070)	6,831)	7,220)
Noncontrolling interests	84)	84)	1,796)	—)	—)	—)
Total equity	9,008)	8,085)	10,318)	7,070)	6,831)	7,220)
Total liabilities, redeemable noncontrolling interests and equity	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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	McKesson Corp. current liabilities increased from 2014 to 2015 and from 2015 to 2016.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	McKesson Corp. noncurrent liabilities decreased from 2014 to 2015 but then slightly increased from 2015 to 2016.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	McKesson Corp. total liabilities increased from 2014 to 2015 and from 2015 to 2016.
Total McKesson Corporation stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	McKesson Corp. total McKesson Corporation stockholders’ equity decreased from 2014 to 2015 but then increased from 2015 to 2016 exceeding 2014 level.

McKesson Corp. (NYSE:MCK)

Balance Sheet: Liabilities and Stockholders’ Equity