Stock Analysis on Net
Stock Analysis on Net

McKesson Corp. (NYSE:MCK)

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

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

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 53.22 52.54 50.54 48.75 48.64 47.06 46.72 45.74 43.38 43.04 41.40 45.61 45.72 46.92 46.31 45.01 47.02 47.72 48.69 47.28 46.68 46.90 45.62 44.68 47.90 48.53
Short-term borrowings 0.00 0.00 0.01 0.01 0.25 0.26 0.25 0.74 1.01 0.96 0.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred revenue 0.46 1.42 1.62 1.81 1.45 1.68 2.00 2.23 1.92 2.12 2.39 3.53 2.94 3.25 3.91 4.28 4.63 4.15 4.30 4.44 4.79 4.16 4.28 4.46 3.98 4.23
Deferred tax liabilities 0.00 0.00 0.00 3.59 3.43 3.34 3.38 3.09 3.32 3.12 3.07 4.16 4.25 3.98 4.67 4.54 5.19 4.83 3.30 3.13 3.22 3.45 3.36 3.62 4.01 0.00
Current portion of long-term debt 3.71 3.74 2.85 1.81 1.99 2.70 2.84 1.83 0.82 0.05 2.75 0.97 0.98 0.99 1.01 1.51 1.54 1.60 1.54 1.23 1.30 1.33 1.35 5.78 0.00 0.00
Other accrued liabilities 5.10 5.46 6.98 6.61 6.54 6.96 7.00 5.85 5.73 5.89 6.72 5.78 5.58 5.38 5.50 5.10 4.56 5.00 6.49 6.39 6.21 5.87 6.03 6.22 5.27 8.88
Current liabilities held for sale 1.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current liabilities 63.54% 63.16% 62.00% 62.59% 62.30% 62.00% 62.18% 59.48% 56.17% 55.17% 57.00% 60.05% 59.47% 60.53% 61.40% 60.44% 62.94% 63.30% 65.53% 62.48% 62.20% 61.71% 60.63% 64.76% 61.16% 61.64%
Long-term debt, excluding current portion 10.19 10.26 11.55 14.01 14.58 14.56 15.18 16.30 18.42 19.13 17.29 12.39 12.58 12.74 13.00 11.88 9.32 9.68 9.28 10.79 11.21 11.53 11.61 7.58 8.51 8.31
Long-term deferred tax liabilities 4.51 4.82 4.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other noncurrent liabilities 2.96 3.05 3.20 4.64 4.70 4.90 5.05 4.96 5.26 5.39 5.78 5.56 5.73 5.86 5.28 4.79 4.34 4.33 4.54 4.25 4.29 4.46 4.38 4.36 4.90 4.93
Noncurrent liabilities 17.66% 18.13% 19.59% 18.64% 19.28% 19.46% 20.24% 21.26% 23.68% 24.52% 23.07% 17.95% 18.30% 18.60% 18.28% 16.68% 13.66% 14.01% 13.83% 15.04% 15.50% 15.98% 15.99% 11.95% 13.41% 13.25%
Total liabilities 81.20% 81.29% 81.59% 81.23% 81.58% 81.46% 82.42% 80.73% 79.85% 79.69% 80.07% 78.00% 77.78% 79.13% 79.68% 77.12% 76.60% 77.31% 79.36% 77.51% 77.70% 77.70% 76.62% 76.71% 74.56% 74.89%
Redeemable noncontrolling interests 2.30 2.31 2.49 2.50 2.53 2.56 2.57 2.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Preferred stock, $0.01 par value, no shares issued or outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Additional paid-in capital 10.28 10.23 10.33 10.52 12.92 12.73 12.93 12.48 12.94 12.61 12.66 17.66 17.68 17.55 17.47 17.96 18.04 18.30 16.83 17.01 17.47 17.33 17.29 16.95 18.89 17.50
Retained earnings 15.58 15.27 14.78 14.51 24.69 23.65 23.58 22.91 23.38 22.26 22.13 30.53 30.96 30.37 29.90 31.06 30.74 30.81 28.56 27.09 27.36 27.36 26.71 25.91 28.99 27.33
Accumulated other comprehensive income (loss) -3.18 -3.00 -2.76 -3.35 -2.95 -2.56 -3.18 -1.46 -0.81 0.20 -0.01 -0.19 -0.04 -0.33 -0.19 0.10 0.14 -0.09 0.02 0.01 -0.07 0.33 0.28 0.17 -0.01 -0.19
Other -0.01 -0.01 0.00 0.00 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 0.04 0.04 0.05 0.05 0.04 0.04 0.05 0.04 0.01 0.02 0.02 0.02 0.03 0.01 -0.04 -0.04
Treasury shares, at cost -6.48 -6.52 -6.58 -5.57 -18.92 -17.99 -18.48 -17.44 -18.40 -18.13 -18.37 -26.06 -26.44 -26.78 -26.92 -26.30 -25.58 -26.38 -24.79 -21.65 -22.50 -22.75 -20.95 -19.76 -22.41 -19.50
Total McKesson Corporation stockholders’ equity 16.20% 15.97% 15.78% 16.11% 15.74% 15.83% 14.85% 16.48% 17.10% 16.94% 16.46% 22.00% 22.22% 20.87% 20.32% 22.88% 23.40% 22.69% 20.64% 22.49% 22.30% 22.30% 23.38% 23.29% 25.44% 25.11%
Noncontrolling interests 0.30 0.42 0.15 0.15 0.15 0.15 0.16 0.13 3.05 3.37 3.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total equity 16.50% 16.39% 15.93% 16.27% 15.90% 15.98% 15.01% 16.61% 20.15% 20.31% 19.93% 22.00% 22.22% 20.87% 20.32% 22.88% 23.40% 22.69% 20.64% 22.49% 22.30% 22.30% 23.38% 23.29% 25.44% 25.11%
Total liabilities, redeemable noncontrolling interests and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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
Represented a significant portion of total liabilities and equity throughout the period, fluctuating mostly between approximately 43% and 54%. A noticeable upward trend is observed from mid-2014 to late 2016, increasing from roughly 41.4% to above 53%, indicating a growing reliance on these payables relative to overall financing.
Short-term borrowings
This category exhibited sporadic presence, with initial values absent and minor percentages appearing intermittently from 2012 onwards. The share remained quite low, mostly below 1%, suggesting that short-term borrowing was a minimal component of total obligations during the analyzed periods.
Deferred revenue
The proportion of deferred revenue within total liabilities and equity showed a declining trend, starting around 4.2% in mid-2010 and gradually decreasing to less than 0.5% by late 2016. This trend may reflect changes in revenue recognition or contract structures resulting in decreased deferred income liability over time.
Deferred tax liabilities
The share fluctuated between roughly 3% and 5% without a clear directional trend, peaking near 5.2% in late 2010 and early 2012, then tapering off somewhat but maintaining a steady presence. This consistency indicates ongoing tax-related obligations that are relatively stable relative to the company's total financing structure.
Current portion of long-term debt
This liability item generally remained below 2%, except for spikes observed mid-2014 and mid-2015, reaching nearly 3.7%. The increase in these periods signals a higher amount of debt coming due in the short term, which might have implications for liquidity management during those quarters.
Other accrued liabilities
Other accrued liabilities showed variability, mostly ranging between 4.5% and 7%. There was some increase towards the end of 2011 and into 2014, followed by a gradual decline concluding with values closer to 5%. This variability suggests fluctuations in accrued expenses or other short-term obligations impacting the liability mix.
Current liabilities
Current liabilities consistently comprised a major part of the liabilities and equity structure, mostly oscillating around 60% to 63%. The proportion rose in early 2016 to peak at around 63.5%, reflecting a period with relatively higher short-term obligations, possibly due to operational or financing activities adjustments.
Long-term debt, excluding current portion
This component experienced notable changes, increasing substantially from about 8% in 2010 to over 19% in 2014. However, a declining trend followed, reducing the share to roughly 10% by late 2016. The initial rise indicates increased long-term borrowing, while the subsequent decline could reflect repayments or restructuring efforts focused on debt reduction.
Other noncurrent liabilities
Relatively stable but gradually decreasing over the period, starting near 5% and falling to under 3% by late 2016. This downward movement suggests that noncurrent miscellaneous liabilities were managed down or reclassified during the timeframe.
Noncurrent liabilities overall
A general upward trend until 2014 saw these liabilities peak above 24%, followed by a decline to approximately 17.7% by the end of the period. This movement primarily mirrors the dynamics in long-term debt and other noncurrent liabilities, highlighting changes in the company's capital structure over these years.
Total liabilities
Total liabilities steadily occupied between 75% and 82% of the financing mix, with a slight increase in the later years, peaking around 82.4% in early 2015 and maintaining levels above 81% thereafter. The company's reliance on liabilities versus equity remained substantial and slightly increasing over time.
Redeemable noncontrolling interests
This category appeared only starting in mid-2014, remaining relatively stable just below 2.5%, reflecting a minor but consistent ownership stake from noncontrolling interests redeemable in nature.
Common stock
The proportion of common stock was negligible throughout the timeframe, stable at approximately 0.01%, indicating minimal relative par value impact within the total capital structure.
Additional paid-in capital
After peaking around 18.9% in late 2010 and early 2012, this equity component declined significantly starting in early 2014, reaching levels near 10% by late 2016. This reduction might be related to share repurchases, capital restructuring, or changes in equity financing.
Retained earnings
Retained earnings displayed a downward shift in share from near 27%-31% in 2010-2013 to about 15% by late 2015 and 2016, consistent with other equity component reductions. This trend signifies that earnings retained in the company decreased relative to total financing, potentially due to dividend distributions or other capital transactions.
Accumulated other comprehensive income (loss)
This component varied considerably, generally negative with values declining sharply to nearly -3.2% during 2015, indicating comprehensive losses or valuation adjustments affecting equity. The deteriorating trend suggests increasing other comprehensive losses impacting shareholder equity over time.
Treasury shares, at cost
Treasury shares accounted for a significant negative proportion of equity, fluctuating between approximately -17% and -26% early in the period, then dramatically lessening to around -6% by 2015-2016. This improvement implies substantial share repurchases or accounting adjustments reducing the negative equity effect of treasury shares.
Total equity
Total equity percentage decreased overall, moving from about 25% in 2010 to roughly 16.5% by late 2016. The decline was influenced by changes in retained earnings, additional paid-in capital, accumulated comprehensive losses, and treasury shares, highlighting a contraction in equity financing relative to liabilities.
Noncontrolling interests
Shown from 2013 onward, these interests remained very small, generally below 0.5%, reflecting minimal external ownership stakes beyond the principal shareholders.