McKesson (MCK) FY2012 results: revenue $122.3 billion, up 9.1% on the year
McKesson Corp. (MCK) reported revenue of $122.3 billion for fiscal 2012, the year ended 31 March 2012, up 9.1% on the year before. Net income was $1.4 billion, up 16.7%, and diluted earnings per share $5.59. The figures are the company's own, from the 10-K it filed with the SEC on 2 May 2012.
Revenue
$122.3 billion
+9.1% on the year
FY2008FY2012
Operating margin
1.7%
1.6% a year earlier
FY2008FY2012
Net income
$1.4 billion
+16.7% on the year
FY2008FY2012
Diluted EPS
$5.59
+22.3% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
122,321
112,084
108,702
+9.1%
Cost of revenue
115,919
106,114
103,026
+9.2%
Gross profit
6,402
5,970
5,676
+7.2%
Gross margin
5.2%
5.3%
5.2%
Research and development
402
407
376
-1.2%
Selling, general and administrative
3,727
n/a
n/a
Operating income
2,124
1,821
2,008
+16.6%
Operating margin
1.7%
1.6%
1.8%
Pre-tax income
1,893
1,635
1,864
+15.8%
Income tax
514
505
601
+1.8%
Effective tax rate
27.2%
30.9%
32.2%
Net income
1,403
1,202
1,263
+16.7%
Net margin
1.1%
1.1%
1.2%
Diluted EPS
$5.59
$4.57
$4.62
+22.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
2,950
2,338
2,316
+26.2%
Capital expenditure
221
233
199
-5.2%
Free cash flow
2,729
2,105
2,117
+29.6%
Free cash flow margin
2.2%
1.9%
1.9%
Cash from investing
-1,502
-624
-309
Cash from financing
-1,905
-1,841
-421
Depreciation and amortisation
493
496
477
-0.6%
Share-based compensation
154
137
114
+12.4%
Buybacks
1,874
2,050
323
-8.6%
Dividends paid
195
171
131
+14.0%
Dividend per share
$0.80
$0.72
$0.48
+11.1%
Diluted shares, weighted
251m
263m
273m
-4.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
6,831
7,220
7,532
-5.4%
Debt
3,980
4,004
2,296
-0.6%
Other liabilities
22,282
19,662
18,361
+13.3%
Total liabilities and equity
33,093
30,886
28,189
+7.1%
Fixed assets
1,043
991
851
+5.2%
Goodwill
5,032
4,364
3,568
+15.3%
Intangible assets
1,750
1,456
551
+20.2%
Cash and equivalents
3,149
3,612
3,731
-12.8%
Receivables
9,977
9,187
8,075
+8.6%
Inventory
10,073
9,225
9,441
+9.2%
Other assets
2,069
2,051
1,972
+0.9%
Total assets
33,093
30,886
28,189
+7.1%
10-K for the year ended 31 March 2012, filed 2 May 2012: the filing.