10-KPeriod: FY2010

MCKESSON CORP Annual Report, Year Ended Mar 31, 2010

Filed May 4, 2010For Securities:MCK

Summary

McKesson Corporation's 2010 Form 10-K filing indicates a company with a significant market capitalization, valued at approximately $16.1 billion in September 2009 based on non-affiliate holdings. The company had over 271 million shares of common stock outstanding as of April 30, 2010. As a large accelerated filer, McKesson is subject to rigorous reporting standards, suggesting a well-established and sizable public entity. This filing structure, encompassing detailed sections on business, risk factors, financial performance, and executive matters, provides a comprehensive overview for investors. The report directs investors to specific sections for in-depth analysis, particularly Part II, which includes Management's Discussion and Analysis of Financial Condition and Results of Operations and detailed financial statements. The incorporation by reference of portions of the company's Proxy Statement into Part III further signifies a commitment to transparent disclosure regarding corporate governance, executive compensation, and security ownership, all critical elements for shareholder evaluation.

Financial Highlights

57 data points
Beta

Revenue

$108.70B

5.2% Gross Margin

Net Income

$1.26B

1.2% Net Margin

EPS (Diluted)

$4.62

Total Assets

$28.19B

Cash & Equivalents

$3.73B

Free Cash Flow

$2.12B

Financial Statements
Beta
Revenue$108.70B
Cost of Revenue$103.03B
Gross Profit$5.68B
R&D Expenses$376.00M
Operating Expenses$3.67B
Operating Income$2.01B
Net Income$1.26B
EPS (Basic)$4.70
EPS (Diluted)$4.62
Shares Outstanding (Basic)269.00M
Shares Outstanding (Diluted)273.00M

Key Highlights

  • 1McKesson Corporation is classified as a large accelerated filer, indicating a substantial market capitalization and adherence to stringent financial reporting requirements.
  • 2The aggregate market value of the registrant's common equity held by non-affiliates was approximately $16.1 billion as of the last business day of the second fiscal quarter (September 2009).
  • 3As of April 30, 2010, McKesson had 271,391,624 shares of common stock outstanding.
  • 4The filing structure includes a comprehensive overview of the company's business, risk factors, properties, legal proceedings, and executive officers.
  • 5Key financial and operational insights are detailed in Part II, including Management's Discussion and Analysis of Financial Condition and Results of Operations and Financial Statements.
  • 6Information related to corporate governance, executive compensation, and security ownership is incorporated by reference from the company's 2010 Proxy Statement into Part III.

Frequently Asked Questions

This filing (10-K for the period ending March 30, 2010) primarily outlines the company's structure, risk factors, and references where detailed financial statements and management's analysis can be found (specifically Part II, Section 7 and 8). To assess financial health, investors should refer to those detailed sections, which would include the income statement, balance sheet, cash flow statement, and management's commentary on the company's performance and financial condition during that fiscal year.

The filing indicates a dedicated section for Risk Factors (Part I, Section 1A). While the specific risks are not detailed in the provided excerpt, investors should examine this section to understand potential challenges such as regulatory changes, competitive pressures, supply chain disruptions, and economic conditions that could impact the company's operations and profitability.

Information regarding Directors, Executive Officers, Corporate Governance, and Executive Compensation is detailed in Part III of the filing. Furthermore, specific portions of the 2010 Proxy Statement are incorporated by reference into Part III, providing shareholders with detailed insights into the company's governance practices, board structure, and compensation policies for its top executives.

With a market value of approximately $16.1 billion in non-affiliate holdings as of September 2009, McKesson is a large, well-established company. Its classification as a 'large accelerated filer' further reinforces this, indicating significant public float and a history of compliance with SEC reporting requirements, which generally points to a degree of stability and investor confidence.