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Mckesson Corp (MCK) SEC Filing 10-Q Quarterly Report for the period ending Thursday, June 30, 2022

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MCK Quarterly Reports

Mckesson Corp

CIK: 927653 Ticker: MCK

Exhibit 99.1

mckessonlogoa03.jpg

McKESSON CORPORATION REPORTS FISCAL 2023 FIRST-QUARTER RESULTS

First-Quarter Highlights:
Total revenues of $67.2 billion increased 7%.
Earnings per diluted share from continuing operations of $5.25 increased $2.16.
Adjusted Earnings per Diluted Share of $5.83 increased 5%.
Adjusted Earnings per Diluted Share increased 13% when excluding certain items1.

Fiscal 2023 Outlook:
Increased fiscal 2023 Adjusted Earnings per Diluted Share guidance range to $23.95 to $24.65, from the previous range of $22.90 to $23.60.
Fiscal 2023 Adjusted Earnings per Diluted Share guidance includes approximately $0.99 to $1.29, an increase from the previous range of $0.20 to $0.60, attributable to the following:
$0.35 to $0.45 related to the U.S. government's COVID-19 vaccine distribution program;
$0.75 to $0.95 related to the U.S. government's kitting, storage, and distribution of ancillary supplies program and COVID-19 tests;
($0.11) related to year-to-date net gains and losses associated with McKesson Ventures' equity investments.
Fiscal 2023 Adjusted Earnings per Diluted Share guidance, excluding the impacts of the above items from both fiscal 2023 guidance and fiscal 2022 results, indicates 10% to 15% forecasted growth compared to prior year.
IRVING, Texas, August 3, 2022 -
McKesson Corporation (NYSE:MCK) today reported results for the first-quarter ended June 30, 2022.
Fiscal 2023 First-Quarter Result Summary
First-Quarter
($ in millions, except per share amounts)FY23FY22Change
Revenues$67,154 $62,674 %
Income from Continuing Operations 2
766 489 57 
Adjusted Earnings 2,3
851 880 (3)
Earnings per Diluted Share 2
5.25 3.09 70 
Adjusted Earnings per Diluted Share 2,3
5.83 5.56 
1 Certain items refer to the impacts attributable to the U.S. government's COVID-19 vaccine distribution of $0.18 in Q1 FY23, $0.30 in Q1 FY22, and $0.89 in FY22; kitting, storage, and distribution of ancillary supplies and COVID-19 tests of $0.25 in Q1 FY23, $0.35 in Q1 FY22, and $1.78 in FY22; and net gains and losses associated with McKesson Ventures' equity investments of ($0.11) in Q1 FY23, $0.03 in Q1 FY22, and $0.47 in FY22
2 Reflects continuing operations attributable to McKesson, net of tax
3 Represents a non-GAAP financial measure; refer to the reconciliations of non-GAAP financial measures included in accompanying schedules


The following information was filed by Mckesson Corp (MCK) on Wednesday, August 3, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Mckesson Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Stockholders' Equity (Deficit)
Condensed Consolidated Statements Of Stockholders' Equity (Deficit) (Parenthetical)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (Tables)
Commitments And Contingent Liabilities - Estimated Accrual Liability (Details)
Commitments And Contingent Liabilities - Narrative (Details)
Debt And Financing Activities
Debt And Financing Activities (Tables)
Debt And Financing Activities - Commercial Paper Narrative (Details)
Debt And Financing Activities - Long-Term Debt Narrative (Details)
Debt And Financing Activities - Revolving Credit Facilities Narrative (Details)
Debt And Financing Activities - Schedule Of Long-Term Debt (Details)
Earnings (Loss) Per Common Share
Earnings (Loss) Per Common Share (Tables)
Earnings (Loss) Per Common Share - Additional Information (Details)
Earnings (Loss) Per Common Share - Schedule Of Computations For Basic And Diluted Earnings Per Common Share (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Narrative (Details)
Fair Value Measurements - Schedule Of Long-Term Debt Is Recorded At Amortized Cost (Details)
Goodwill And Intangible Assets, Net
Goodwill And Intangible Assets, Net (Tables)
Goodwill And Intangible Assets, Net - Narrative (Details)
Goodwill And Intangible Assets, Net - Schedule Of Changes In The Carrying Amount Of Goodwill (Details)
Goodwill And Intangible Assets, Net - Schedule Of Information Regarding Intangible Assets (Details)
Hedging Activities
Hedging Activities (Tables)
Hedging Activities - Narrative (Details)
Hedging Activities - Schedule Of Fair Value Of Derivatives (Details)
Hedging Activities - Schedule Of Notional Amounts Of Outstanding Derivative Positions (Details)
Hedging Activities - Summary Of Derivative Instruments Gain (Loss) (Details)
Hedging Activities - Summary Of Foreign Currency Gains And (Losses) From Non-Derivative Instruments (Details)
Held For Sale
Held For Sale (Tables)
Held For Sale - Assets And Liabilities Held For Sale (Details)
Held For Sale - Narrative (Details)
Income Taxes
Income Taxes (Details)
Pension Benefits
Pension Benefits - Narrative (Details)
Redeemable Noncontrolling Interests And Noncontrolling Interests
Redeemable Noncontrolling Interests And Noncontrolling Interests (Tables)
Redeemable Noncontrolling Interests And Noncontrolling Interests - Narrative (Details)
Redeemable Noncontrolling Interests And Noncontrolling Interests - Schedule Of Changes In Redeemable Noncontrolling Interests And Noncontrolling Interests (Details)
Restructuring, Impairment, And Related Charges
Restructuring, Impairment, And Related Charges (Tables)
Restructuring, Impairment, And Related Charges - Narrative (Details)
Restructuring, Impairment, And Related Charges - Summary Of Restructuring Activity (Details)
Restructuring, Impairment, And Related Charges - Summary Of Restructuring Charges (Details)
Segments Of Business
Segments Of Business (Tables)
Segments Of Business - Narrative (Details)
Segments Of Business - Reportable Operating Segment (Details)
Significant Accounting Policies
Significant Accounting Policies (Policies)
Significant Accounting Policies - Narrative (Details)
Stockholders' Equity (Deficit)
Stockholders' Equity (Deficit) (Tables)
Stockholders' Equity (Deficit) - Narrative (Details)
Stockholders' Equity (Deficit) - Schedule Of Changes In Accumulated Other Comprehensive Income (Loss) By Component (Details)

Material Contracts, Statements, Certifications & more

Mckesson Corp provided additional information to their SEC Filing as exhibits

Ticker: MCK
CIK: 927653
Form Type: 10-Q Quarterly Report
Accession Number: 0000927653-22-000077
Submitted to the SEC: Wed Aug 03 2022 5:35:58 PM EST
Accepted by the SEC: Thu Aug 04 2022
Period: Thursday, June 30, 2022
Industry: Wholesale Drugs Proprietaries And Druggists Sundries

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