McKesson (MCK) FY2024 results: revenue $309.0 billion, up 11.7% on the year
McKesson Corp. (MCK) reported revenue of $309.0 billion for fiscal 2024, the year ended 31 March 2024, up 11.7% on the year before. Net income was $3.0 billion, down 15.7%, and diluted earnings per share $22.39. The figures are the company's own, from the 10-K it filed with the SEC on 8 May 2024.
Revenue
$309.0 billion
+11.7% on the year
FY2017FY2024
Operating margin
1.3%
1.6% a year earlier
FY2017FY2024
Net income
$3.0 billion
-15.7% on the year
FY2017FY2024
Diluted EPS
$22.39
-10.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,314
5,159
4,434
-16.4%
Capital expenditure
431
390
388
+10.5%
Free cash flow
3,883
4,769
4,046
-18.6%
Free cash flow margin
1.3%
1.7%
1.5%
Cash from investing
-1,072
-542
-89.0
Cash from financing
-3,342
-4,368
-6,321
Depreciation and amortisation
279
272
312
+2.6%
Share-based compensation
182
162
161
+12.3%
Buybacks
3,025
3,638
3,516
-16.8%
Dividends paid
314
292
277
+7.5%
Dividend per share
$2.40
$2.09
$1.83
+14.8%
Diluted shares, weighted
134m
142m
154m
-5.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-1,971
-1,857
-2,272
Non-controlling interest
372
367
480
+1.4%
Short-term borrowings
0.0
0.0
0.0
Debt
5,629
5,594
5,879
+0.6%
Operating lease liabilities
1,466
1,402
1,366
+4.6%
Finance lease liabilities
163
173
185
-5.8%
Other liabilities
61,784
56,641
57,660
+9.1%
Total liabilities and equity
67,443
62,320
63,298
+8.2%
Fixed assets
2,316
2,177
2,092
+6.4%
Goodwill
10,132
9,947
9,451
+1.9%
Intangible assets
2,110
2,277
2,059
-7.3%
Cash and equivalents
4,583
4,678
3,532
-2.0%
Receivables
21,622
19,410
18,583
+11.4%
Inventory
21,139
19,691
18,702
+7.4%
Other assets
5,541
4,140
8,879
+33.8%
Total assets
67,443
62,320
63,298
+8.2%
10-K for the year ended 31 March 2024, filed 8 May 2024: the filing.