Business Context and Reporting Period
Company: McKesson Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: May 5, 2011
Context: The filing discloses the posting of historical financial information based on Adjusted Earnings (Non-GAAP) to the company's website. This action was taken in preparation for a reporting change effective with the first-quarter results for the fiscal year ending March 31, 2012.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document serves solely as a notification regarding the availability of Non-GAAP financial data on the company's website and does not contain the actual financial figures within the text of the 8-K.
Material Changes
Reporting Methodology Change: The company is transitioning to a new reporting format utilizing Adjusted Earnings (Non-GAAP). Historical data has been restated or prepared under this new basis to ensure comparability starting with the Q1 2012 results.
Guidance, Outlook, and Risks
Management Commentary: The filing indicates that the historical Adjusted Earnings information is available under the "Investors" tab on the company's website.
Legal Status of Information: The information contained in this Form 8-K and Exhibit 99.1 is furnished to the SEC but is not deemed "filed" for purposes of Section 18 of the Exchange Act, nor is it incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Verify the specific Adjusted Earnings (Non-GAAP) figures by accessing Exhibit 99.1 on the McKesson Corporation website under the "Investors" section.
- Confirm the reconciliation between GAAP and Non-GAAP measures provided in the attached presentation.
- Review the upcoming Q1 2012 earnings release to ensure the new reporting format is applied consistently.
- Note that the data in this 8-K is not legally "filed" with the SEC for liability purposes under Section 18.