Name: McKesson Corp. (NYSE:MCK) | Balance Sheet: Assets
Creator: Stock Analysis on Net

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.

Assets: Selected Items

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Current Assets: Selected Items

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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).

Total assets exhibited significant expansion between March 31, 2011, and March 31, 2016, increasing from US$ 30,886 million to US$ 56,563 million. A substantial growth inflection occurred between 2013 and 2014, where total assets rose by approximately 48% in a single fiscal year, indicating a major corporate expansion or acquisition during that period.

Current Asset Trends: Current assets grew from US$ 22,357 million in 2011 to US$ 38,437 million in 2016. This increase was primarily driven by Receivables, net and Inventories, net, both of which exhibited consistent upward trajectories. Receivables nearly doubled, rising from US$ 9,187 million to US$ 17,980 million. Similarly, inventories increased from US$ 9,225 million to US$ 15,335 million. Cash and cash equivalents showed more volatility, peaking at US$ 5,341 million in 2015 before decreasing to US$ 4,048 million in 2016.
Noncurrent Asset Trends: Noncurrent assets more than doubled over the analyzed period, rising from US$ 8,529 million to US$ 18,126 million. A significant portion of this growth is attributable to Goodwill, which surged from US$ 6,405 million in 2013 to US$ 9,927 million in 2014, maintaining a stable level thereafter. Intangible assets, net peaked in 2014 at US$ 5,022 million before declining to US$ 3,021 million by 2016, a pattern consistent with systematic amortization.
Fixed and Other Assets: Property, plant and equipment, net demonstrated steady growth, increasing from US$ 991 million in 2011 to US$ 2,278 million in 2016. Other noncurrent assets remained relatively stagnant until 2016, when a notable increase to US$ 3,041 million was observed.

The overall balance sheet composition shifted toward a higher proportion of noncurrent assets following the 2014 expansion. Despite this, the company maintained a strong current asset base, with total current assets increasing by approximately 72% over the six-year window.

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