Stock Analysis on Net
Stock Analysis on Net

McKesson Corp. (NYSE:MCK)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 27, 2016.

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

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McKesson Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011 Dec 31, 2010 Sep 30, 2010 Jun 30, 2010
Drafts and accounts payable
Short-term borrowings
Deferred revenue
Deferred tax liabilities
Current portion of long-term debt
Other accrued liabilities
Current liabilities held for sale
Current liabilities
Long-term debt, excluding current portion
Long-term deferred tax liabilities
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Redeemable noncontrolling interests
Preferred stock, $0.01 par value, no shares issued or outstanding
Common stock, $0.01 par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Other
Treasury shares, at cost
Total McKesson Corporation stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities, redeemable noncontrolling interests and equity

Based on: 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-K (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-K (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-K (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-K (reporting date: 2013-03-31), 10-Q (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-K (reporting date: 2012-03-31), 10-Q (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-K (reporting date: 2011-03-31), 10-Q (reporting date: 2010-12-31), 10-Q (reporting date: 2010-09-30), 10-Q (reporting date: 2010-06-30).

Drafts and accounts payable
This liability showed a general upward trend over the examined periods, rising from approximately $13.3 billion in mid-2010 to over $31 billion by late 2016. Notable spikes occurred around early 2014 and continued growth followed through 2016, reflecting increased trade liabilities.
Short-term borrowings
Values appeared sporadically with some quarters showing borrowings around a few hundred million dollars and some values missing entirely. This inconsistency suggests irregular use of short-term borrowings rather than a steady financing strategy.
Deferred revenue
Deferred revenue fluctuated moderately, mostly ranging between $800 million and $1.5 billion. A slight downward trend was observed nearing 2016, indicating a possible decrease in prepaid amounts or unearned revenue liabilities.
Deferred tax liabilities
These liabilities showed a generally upward path from about $1.1 billion in late 2010 to nearly $2 billion by 2015 with some fluctuations. This trend reflects growing future tax obligations, potentially related to timing differences in recognizing income and expenses.
Current portion of long-term debt
Initial amounts fluctuated greatly, with some irregular spikes in 2014 and 2015, reaching highs above $2 billion during certain quarters. The fluctuations indicate variable amounts of long-term debt maturing within one year over time.
Other accrued liabilities
These experienced significant growth from around $1.4 billion in 2010 to above $3.8 billion by mid-2015, with some volatility. The uptick suggests increasing accrued obligations possibly linked to operational expenses or pending liabilities.
Current liabilities held for sale
This item was essentially absent for most of the period, only appearing near the end at about $600 million, indicating a possible restructuring or divestiture during that timeframe.
Current liabilities
Total current liabilities rose significantly, almost doubling from approximately $16.9 billion in 2010 to about $37 billion by late 2016. Peaks in 2014 and 2015 suggest intensified short-term obligations and operating liabilities.
Long-term debt, excluding current portion
This liability increased markedly in 2014, peaking at nearly $10 billion before gradually declining to about $5.9 billion by late 2016. The earlier increase may reflect strategic financing or acquisitions, followed by subsequent repayments or restructuring.
Long-term deferred tax liabilities
Data available only in later years showed a peak near $2.8 billion in 2015, with a decrease thereafter, possibly indicating changes in deferred tax accounting or settlement of underlying tax obligations.
Other noncurrent liabilities
Started near $1.3 billion in 2010 and almost doubled to over $2 billion by 2013, escalating further to around $3 billion by 2016. This upward movement suggests increasing long-term provisions or contingent liabilities.
Noncurrent liabilities
Noncurrent liabilities more than doubled from approximately $3.6 billion in 2010 to over $11 billion by mid-2014, subsequently declining to around $10.3 billion by late 2016. The peak in 2014 aligns with increased long-term debt and other liabilities during that period.
Total liabilities
Total liabilities rose sharply from about $20.5 billion in 2010 to exceed $47 billion by 2016, with a pronounced jump around 2014. This increase corresponds to growth in both current and long-term liabilities, signaling expanded financing or increased operational scale.
Redeemable noncontrolling interests
Reported only from 2014 onward, these interests remained relatively stable around $1.3–1.4 billion, indicating consistent minority interest obligations.
Preferred stock
No preferred stock was issued or outstanding during the entire period, suggesting no preferred equity financing was used.
Common stock
The par value of common stock remained stable at $4 million initially and slightly reduced to $3 million towards the end, indicating minor changes in issued shares or stock structure.
Additional paid-in capital
This component increased steadily from roughly $4.8 billion in 2010 to about $7.2 billion in 2015 before dropping to near $6 billion in later periods, which may reflect equity issuances followed by partial repurchases or adjustments.
Retained earnings
Retained earnings grew consistently from approximately $7.5 billion in 2010 to a peak of around $13.8 billion by late 2015, then declined sharply to about $9 billion afterwards. This pattern suggests substantial earnings accumulation followed by dividends, losses, or equity changes.
Accumulated other comprehensive income (loss)
This fluctuated widely, moving from slight losses to positive values early on, then worsening substantially after 2013 to losses exceeding $1.8 billion by late 2016. This decline reflects adverse impacts from foreign currency translation, pension adjustments, or other comprehensive items.
Other (minor items)
Other minor equity-related items were relatively stable and immaterial in amount throughout the period.
Treasury shares, at cost
Treasury stock costs increased from about $5.3 billion in 2010 to over $10.5 billion by late 2015, then significantly reduced to approximately $3.7 billion thereafter, indicating substantial stock repurchase activity followed by partial retirements or reissuances.
Total stockholders’ equity
Equity grew gradually from $6.9 billion in 2010 to nearly $9 billion by 2014 but showed irregular patterns thereafter, dipping around 2015 and recovering towards $9.4 billion by late 2016. These shifts encompass the net effects of retained earnings, treasury shares, and comprehensive losses.
Noncontrolling interests
Noncontrolling interests fluctuated moderately from around $1.8 billion in 2013 to smaller amounts mid-period, then increased again towards the end, indicating varying stakes of minority shareholders in consolidated entities.
Total equity
Total equity mirrored stockholders’ equity trends with an increase up to above $10.7 billion in 2014, dropping significantly afterwards to a low of about $8 billion by 2015 and recovering to just over $9.6 billion by late 2016, reflecting overall equity investment, earnings, and ownership changes.
Total liabilities, redeemable noncontrolling interests and equity
The total balance sheet size expanded from almost $27 billion in 2010 to over $58 billion by 2016, with sharp increases mostly between 2013 and 2015. This growth aligns with rising liabilities and equity, indicating substantial balance sheet expansion during the timeframe analyzed.