Business Context and Reporting Period
Company: McKesson Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: May 18, 2017
Context: The filing discloses the posting of supplemental recast financial information to the Company's website. This update reflects an amended definition of Adjusted Earnings (Non-GAAP) for the fiscal year ended March 31, 2017, and the fiscal quarters ended June 30, 2016, September 30, 2016, December 31, 2016, and March 31, 2017.
Key Financial Metrics
This Form 8-K serves as a disclosure notice regarding the availability of recast data and does not contain specific financial figures within the text of the filing itself.
- Revenue, Profit, Cash Flow, Margins: The filing text does not provide specific values; it references Exhibit 99.1 for the recast data.
- Debt and Liquidity: The filing text does not provide specific values.
Material Changes
The material change disclosed is the amendment of the Company's definition of Adjusted Earnings (Non-GAAP). Consequently, historical financial information for the periods listed above has been recast to align with this new definition.
Guidance, Outlook, and Risks
Management Commentary: The filing states that the supplemental information is furnished to the SEC but shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, nor incorporated by reference except as expressly set forth by specific reference.
Risks and Contingencies: No specific risks or contingencies are detailed in the text of this filing beyond the standard legal disclaimers regarding the status of the furnished information.
Investor Verification Checklist
- Verify the specific numerical impact of the amended Adjusted Earnings definition by reviewing Exhibit 99.1 (Supplemental recast financial information).
- Compare the recast Non-GAAP figures against previously reported GAAP and Non-GAAP results for the fiscal year ended March 31, 2017.
- Confirm the exact methodology used for the amended Adjusted Earnings definition as detailed in the supplemental materials posted on the Company's website.