8-KRegulation FDExhibits & Filings

MCKESSON CORP 8-K Report, Regulation FD Disclosure (Nov 10, 2014)

Filed November 10, 2014For Securities:MCK

Summary

McKesson Corporation (MCK) filed an 8-K on November 10, 2014, to disclose updated historical financial information presented on a Non-GAAP "Adjusted Earnings" basis. The key change highlighted in this filing is the reclassification of its workforce business within the International Technology segment. This business has been moved from "discontinued operations" to "continuing operations." This adjustment reflects a change in how the company categorizes this segment's financial performance. Investors should note that this filing primarily provides a specific presentation of financial data and does not represent a change in the company's overall business strategy or previously announced financial guidance. The reclassification aims to provide a clearer view of the ongoing operational performance by integrating previously separated results into the main operational segments. The information was made available on McKesson's investor relations website.

Key Highlights

  • 1McKesson Corporation (MCK) filed an 8-K on November 10, 2014.
  • 2The filing discloses updated historical financial information based on "Adjusted Earnings" (Non-GAAP).
  • 3A significant update involves reclassifying the workforce business within the International Technology segment.
  • 4This workforce business has been moved from 'discontinued operations' to 'continuing operations'.
  • 5The Adjusted Earnings presentation is available on the company's investor relations website.
  • 6The information is furnished, not deemed 'filed' for Section 18 of the Exchange Act purposes.
  • 7The Chief Financial Officer, James A. Beer, signed the report.

Frequently Asked Questions

The primary purpose of this 8-K filing is to inform investors about updated historical financial information presented on a Non-GAAP "Adjusted Earnings" basis. This update specifically reflects the reclassification of McKesson's workforce business from discontinued to continuing operations.

The company has reclassified its workforce business within the International Technology segment, moving it from "discontinued operations" to "continuing operations." This means the financial results of this business will now be reported as part of the company's ongoing operational performance.

This filing itself primarily concerns the presentation of historical financial data and the classification of a specific business segment. It does not, on its own, indicate a change in McKesson's core business strategy or its previously issued financial guidance. The reclassification aims to improve the clarity of ongoing operational performance reporting.

The updated historical financial information, presented on an Adjusted Earnings (Non-GAAP) basis, was posted to McKesson Corporation's website under the 'Investors' tab on November 10, 2014. A copy of this presentation is also attached as an exhibit to this 8-K filing.