McKesson (MCK) FY2023 results: revenue $276.7 billion, up 4.8% on the year
McKesson Corp. (MCK) reported revenue of $276.7 billion for fiscal 2023, the year ended 31 March 2023, up 4.8% on the year before. Net income was $3.6 billion, up 219.6%, and diluted earnings per share $25.03. The figures are the company's own, from the 10-K it filed with the SEC on 9 May 2023.
Revenue
$276.7 billion
+4.8% on the year
FY2016FY2023
Operating margin
1.6%
0.8% a year earlier
FY2016FY2023
Net income
$3.6 billion
+219.6% on the year
FY2016FY2023
Diluted EPS
$25.03
+246.2% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
5,159
4,434
4,542
+16.4%
Capital expenditure
390
388
451
+0.5%
Free cash flow
4,769
4,046
4,091
+17.9%
Free cash flow margin
1.7%
1.5%
1.7%
Cash from investing
-542
-89.0
-415
Cash from financing
-4,368
-6,321
-1,693
Depreciation and amortisation
272
312
344
-12.8%
Share-based compensation
162
161
151
+0.6%
Buybacks
3,638
3,516
742
+3.5%
Dividends paid
292
277
276
+5.4%
Dividend per share
$2.09
$1.83
$1.67
+14.2%
Diluted shares, weighted
142m
154m
161m
-7.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-1,857
-2,272
-21.0
Non-controlling interest
367
480
196
-23.5%
Short-term borrowings
0.0
0.0
0.0
Debt
5,594
5,879
7,148
-4.8%
Operating lease liabilities
1,402
1,366
1,867
+2.6%
Finance lease liabilities
173
185
206
-6.5%
Other liabilities
56,641
57,660
55,619
-1.8%
Total liabilities and equity
62,320
63,298
65,015
-1.5%
Fixed assets
2,177
2,092
2,581
+4.1%
Goodwill
9,947
9,451
9,493
+5.2%
Intangible assets
2,277
2,059
2,878
+10.6%
Cash and equivalents
4,678
3,532
6,278
+32.4%
Receivables
19,410
18,583
19,181
+4.5%
Inventory
19,691
18,702
19,246
+5.3%
Other assets
4,140
8,879
5,358
-53.4%
Total assets
62,320
63,298
65,015
-1.5%
10-K for the year ended 31 March 2023, filed 9 May 2023: the filing.