2013 Q2 Form 10-Q Financial Statement

#000156178713000013 Filed on July 25, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $32.24B $30.70B
YoY Change 5.02% 2.4%
Cost Of Revenue $30.31B $29.14B
YoY Change 4.02% 2.34%
Gross Profit $1.930B $1.561B
YoY Change 23.64% 3.45%
Gross Profit Margin 5.99% 5.08%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $162.0M $125.0M
YoY Change 29.6% -7.41%
% of Gross Profit 8.39% 8.01%
Operating Expenses $1.275B $985.0M
YoY Change 29.44% -5.01%
Operating Profit $655.0M $576.0M
YoY Change 13.72% 22.03%
Interest Expense -$59.00M -$56.00M
YoY Change 5.36% -12.5%
% of Operating Profit -9.01% -9.72%
Other Income/Expense, Net $6.000M $8.000M
YoY Change -25.0% 0.0%
Pretax Income $602.0M $528.0M
YoY Change 14.02% 26.92%
Income Tax $174.0M $149.0M
% Of Pretax Income 28.9% 28.22%
Net Earnings $424.0M $380.0M
YoY Change 11.58% 32.87%
Net Earnings / Revenue 1.32% 1.24%
Basic Earnings Per Share $1.86 $1.61
Diluted Earnings Per Share $1.83 $1.58
COMMON SHARES
Basic Shares Outstanding 227.0M shares 236.0M shares
Diluted Shares Outstanding 232.0M shares 240.0M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.905B $2.013B
YoY Change 44.31% -35.4%
Cash & Equivalents $2.905B $2.013B
Short-Term Investments
Other Short-Term Assets $817.0M $418.0M
YoY Change 95.45% 17.42%
Inventory $10.33B $10.06B
Prepaid Expenses
Receivables $10.01B $9.564B
Other Receivables $0.00 $0.00
Total Short-Term Assets $24.07B $22.05B
YoY Change 9.13% -1.43%
LONG-TERM ASSETS
Property, Plant & Equipment $1.333B $1.221B
YoY Change 9.17% 23.58%
Goodwill $6.262B $5.025B
YoY Change 24.62%
Intangibles $1.678B
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.633B $1.770B
YoY Change -7.74% 7.34%
Total Long-Term Assets $11.42B $9.694B
YoY Change 17.85% 12.16%
TOTAL ASSETS
Total Short-Term Assets $24.07B $22.05B
Total Long-Term Assets $11.42B $9.694B
Total Assets $35.49B $31.75B
YoY Change 11.79% 2.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.65B $15.15B
YoY Change 9.92% 4.15%
Accrued Expenses $1.908B $1.587B
YoY Change 20.23% -12.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $352.0M $508.0M
YoY Change -30.71% 22.71%
Total Short-Term Liabilities $21.48B $20.10B
YoY Change 6.89% 4.99%
LONG-TERM LIABILITIES
Long-Term Debt $4.522B $3.072B
YoY Change 47.2% -14.07%
Other Long-Term Liabilities $2.080B $1.376B
YoY Change 51.16% -0.51%
Total Long-Term Liabilities $2.080B $1.376B
YoY Change 51.16% -72.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.48B $20.10B
Total Long-Term Liabilities $2.080B $1.376B
Total Liabilities $23.56B $21.47B
YoY Change 9.72% -10.9%
SHAREHOLDERS EQUITY
Retained Earnings $10.78B $9.783B
YoY Change 10.19%
Common Stock $4.000M $4.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.504B $8.375B
YoY Change 13.48%
Treasury Stock Shares 150.0M shares 139.0M shares
Shareholders Equity $7.408B $7.203B
YoY Change
Total Liabilities & Shareholders Equity $35.49B $31.75B
YoY Change 11.79% 2.36%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $424.0M $380.0M
YoY Change 11.58% 32.87%
Depreciation, Depletion And Amortization $162.0M $125.0M
YoY Change 29.6% -7.41%
Cash From Operating Activities $716.0M -$552.0M
YoY Change -229.71% -269.33%
INVESTING ACTIVITIES
Capital Expenditures $69.00M $45.00M
YoY Change 53.33% -22.41%
Acquisitions $74.00M $108.0M
YoY Change -31.48% 1.89%
Other Investing Activities $9.000M -$36.00M
YoY Change -125.0% -40.98%
Cash From Investing Activities -$184.0M -$150.0M
YoY Change 22.67% -2.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $127.0M $10.00M
YoY Change 1170.0% -98.39%
Debt Paid & Issued, Net $0.00 $0.00
YoY Change -100.0%
Cash From Financing Activities -$73.00M -$425.0M
YoY Change -82.82% -36.38%
NET CHANGE
Cash From Operating Activities $716.0M -$552.0M
Cash From Investing Activities -$184.0M -$150.0M
Cash From Financing Activities -$73.00M -$425.0M
Net Change In Cash $459.0M -$1.127B
YoY Change -140.73% 127.22%
FREE CASH FLOW
Cash From Operating Activities $716.0M -$552.0M
Capital Expenditures $69.00M $45.00M
Free Cash Flow $647.0M -$597.0M
YoY Change -208.38% -322.76%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts, which primarily relate to discontinued operations, have been reclassified to conform to the current period presentation. Refer to Financial Note 3, &#8220;Discontinued Operations,&#8221; for more information.</font></div></div>
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CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q2 mck Other Comprehensive Income Loss Amounts Reclassified To Earnings Net Of Tax Portion Attributable To Parent
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CY2013Q2 mck Other Comprehensive Income Translation Impact On Pension Plans Net Of Tax
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CY2013Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2013Q2 dei Document Period End Date
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2013-06-30
CY2013Q2 dei Document Type
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10-Q
CY2013Q2 dei Entity Central Index Key
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CY2013Q2 dei Entity Filer Category
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Large Accelerated Filer
CY2013Q2 dei Entity Registrant Name
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MCKESSON CORP

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