Summary
McKesson Corporation (MCK) filed an 8-K on May 18, 2017, to disclose the posting of supplemental recast financial information on its website. This recast pertains to the fiscal year ended March 31, 2017, and its fiscal quarters, along with specific quarters in fiscal year 2017 (June 30, 2016, September 30, 2016, December 31, 2016, and March 31, 2017). The key purpose of this disclosure is to provide an amended definition of Adjusted Earnings, a Non-GAAP measure. Investors should note that this information is being furnished under Regulation FD and is not deemed 'filed' with the SEC for purposes of Section 18 of the Exchange Act, meaning it doesn't automatically get incorporated into other SEC filings unless specifically referenced. The primary takeaway for investors is the company's proactive approach to providing updated non-GAAP financial metrics, which can be accessed through the 'Investors' tab on McKesson's website.
Key Highlights
- 1McKesson Corporation (MCK) released supplemental recast financial information on May 18, 2017.
- 2The recast financial information covers the fiscal year ended March 31, 2017, and specific fiscal quarters of FY2017.
- 3The primary focus of the recast is an amended definition of Adjusted Earnings (a Non-GAAP measure).
- 4This information was posted to McKesson's corporate website under the 'Investors' tab.
- 5The filing is made under Regulation FD, meaning the information is furnished but not 'filed' in the traditional sense for Section 18 purposes.
- 6Exhibit 99.1 contains the supplemental recast financial information.
- 7The CFO, James A. Beer, signed the filing.