MCKESSON 8-K: Financial Condition & Operations Update
Ticker: MCK · Form: 8-K · Filed: Feb 7, 2024 · CIK: 927653
Complexity: simple
Sentiment: neutral
Topics: debt, financial-condition, 8-K
TL;DR
**McKesson just updated its financial condition, highlighting outstanding debt notes.**
AI Summary
McKesson Corporation filed an 8-K on February 7, 2024, to report its financial condition and results of operations. This filing specifically mentions various debt instruments, including 1.500% Notes due 2025, 1.625% Notes due 2026, and 3.125% Notes due 2029. For investors, this matters because it provides an update on the company's financial health and its outstanding debt obligations, which can impact future earnings and the company's ability to invest or return capital to shareholders.
Why It Matters
This filing provides a snapshot of McKesson's financial health, specifically detailing its outstanding debt, which is crucial for assessing the company's leverage and future financial flexibility.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial condition and does not indicate any immediate new risks or significant changes.
Analyst Insight
A smart investor would review the full financial statements, once available, to understand the implications of these debt obligations on McKesson's cash flow and profitability, especially considering the upcoming maturities in 2025 and 2026.
Key Numbers
- 1.500% — Interest rate (for Notes Due 2025)
- 2025 — Maturity year (for 1.500% Notes)
- 1.625% — Interest rate (for Notes Due 2026)
- 2026 — Maturity year (for 1.625% Notes)
- 3.125% — Interest rate (for Notes Due 2029)
- 2029 — Maturity year (for 3.125% Notes)
Key Players & Entities
- MCKESSON CORP (company) — the registrant filing the 8-K
- Delaware (company) — state of incorporation for McKesson Corporation
- Irving, TX (company) — location of McKesson's principal executive offices
- 972-446-4800 (person) — McKesson's business phone number
FAQ
What is the purpose of this 8-K filing by McKesson Corporation?
This 8-K filing by McKesson Corporation is a 'Current Report' pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically reporting on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as of February 7, 2024.
What specific debt instruments are mentioned in this filing?
The filing specifically mentions '1.500% Notes Due 2025', '1.625% Notes Due 2026', and '3.125% Notes Due 2029' as part of McKesson's financial condition.
When was the earliest event reported in this 8-K?
The date of the earliest event reported in this 8-K is February 7, 2024.
What is McKesson Corporation's state of incorporation and IRS Employer Identification Number?
McKesson Corporation's state of incorporation is Delaware, and its I.R.S. Employer Identification No. is 94-3207296.
What is the Commission File Number for McKesson Corporation?
The Commission File Number for McKesson Corporation is 1-13252.
Filing Stats: 535 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-02-07 16:05:29
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value MCK New York Stock Exchange
Filing Documents
- mck-20240207.htm (8-K) — 31KB
- mck_exhibit991x12312023.htm (EX-99.1) — 738KB
- mck-20240207_g1.jpg (GRAPHIC) — 11KB
- mckessonlogoa03.jpg (GRAPHIC) — 11KB
- 0000927653-24-000018.txt ( ) — 1035KB
- mck-20240207.xsd (EX-101.SCH) — 3KB
- mck-20240207_def.xml (EX-101.DEF) — 16KB
- mck-20240207_lab.xml (EX-101.LAB) — 32KB
- mck-20240207_pre.xml (EX-101.PRE) — 17KB
- mck-20240207_htm.xml (XML) — 5KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 7, 2024, McKesson Corporation ("Company") reported the Company's preliminary results for the quarter ended on December 31, 2023 which are attached hereto as Exhibit 99.1. The information contained in this Form 8-K, including Exhibit 99.1, is furnished to the Securities and Exchange Commission (the "Commission"), but shall not be deemed "filed" with the Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Earnings release issued by the Company dated February 7, 2024 104 Cover Page Interactive Data File - the cover page iXBRL tags are embedded within the Inline XBRL document
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 7, 2024 McKesson Corporation By: /s/ Britt J. Vitalone Britt J. Vitalone Executive Vice President and Chief Financial Officer