Summary
McKesson Corporation (MCK) filed a Form 8-K on November 12, 2013, to disclose the posting of updated historical financial information on its website. This information is presented on a basis of "Adjusted Earnings (Non-GAAP)" and has been revised to incorporate discontinued operations, as previously announced in July 2013, along with last-in-first-out (LIFO) inventory-related adjustments. Investors seeking to understand McKesson's performance beyond standard GAAP reporting will find this information valuable, as it aims to provide a clearer view of the company's operational profitability and trends, particularly after significant events like divestitures. The filing emphasizes that this non-GAAP information is for informational purposes and is not considered "filed" with the SEC for purposes of Section 18 of the Exchange Act. The company has made this data available under the "Investors" tab on its website, with Exhibit 99.1 containing the full presentation. This proactive disclosure allows investors to access a more refined view of the company's financial health and operational results, aiding in their investment analysis and decision-making process.
Key Highlights
- 1McKesson Corporation updated historical financial information on its website.
- 2The financial data is presented using Adjusted Earnings (Non-GAAP).
- 3The updates reflect previously announced discontinued operations (from July 2013).
- 4Last-in-first-out (LIFO) inventory-related adjustments are also included.
- 5The information is available under the "Investors" tab on McKesson's website.
- 6Exhibit 99.1 contains the full presentation of this Adjusted Earnings data.
- 7The filing clarifies that this information is furnished and not deemed 'filed' with the SEC.