Summary
McKesson Corporation filed an 8-K/A amendment on May 8, 2019, primarily to correct a press release previously issued on May 8, 2019, regarding its preliminary fourth-quarter and full fiscal year 2019 results. The amendment specifically addresses a correction to Schedule 5, the Condensed Consolidated Statements of Cash Flows. Investors should note that a line item, "Gain from Sale of Businesses and Investments," and its corresponding amounts for the fiscal years ended March 31, 2018, and March 31, 2019, have been revised. Crucially, the company states that this correction does not alter the previously reported "net cash provided by operating activities" for either fiscal year. This indicates that while there's a reclassification or adjustment related to business/investment sales, the core operational cash generation remains unchanged as initially presented. Investors should review the updated cash flow statement for the precise impact of this gain/loss on total cash flow from investing activities.
Key Highlights
- 1McKesson filed an 8-K/A amendment to correct a prior 8-K filing's press release.
- 2The amendment pertains to preliminary results for the fourth quarter and fiscal year ended March 31, 2019.
- 3A specific correction was made to the Condensed Consolidated Statements of Cash Flows (Schedule 5).
- 4The line item "Gain from Sale of Businesses and Investments" and its amounts for FY18 and FY19 have been revised.
- 5The company explicitly states this correction does not impact net cash provided by operating activities.
- 6The Chief Financial Officer, Britt J. Vitalone, signed the filing.
- 7The filing is considered furnished and not 'filed' for Section 18 purposes unless expressly incorporated.