Mckesson Corporation · NYSE:MCK
Mckesson — Q4 FY2017 Earnings Presentation
15 slides from Mckesson's earnings presentation, May 18, 2017
Slide 1: Q4 Fiscal 2017 Earnings Call Supplemental Slides
Q4 Fiscal 2017 Earnings Call May 18, 2017 Supplemental Slides
Slide 2: Forward-Looking Statements
Forward-Looking Statements Some of the information in this presentation is not historical in nature and may constitute forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the
Slide 3: Consolidated Gross Profit Summary
Consolidated Gross Profit Summary Q4 and Fiscal 2017 Results CAP Foreign Adj. YoY As Adjusted Charges/ Exchange Earnings Change Reported Earnings GAAP Non-GAAP Credits Effect ex Items Constant Q4 Fiscal 2017 Non-GAAP1 Currency2 Consolidated Gross Profit $2,796 $2,940 -- +$42 $2,982 +3% (in millions
Slide 4: Consolidated Operating Expense Summary
Consolidated Operating Expense Summary Q4 and Fiscal 2017 Results EIS Adj. YoY As Adjusted CAP Foreign Goodwill Earnings Change Reported Earnings Charges/ Exchange Q4 Fiscal Impairment ex Items Constant GAAP1 Non-GAAP Credits Effect Non-GAAP2 Currency3 2017 Consolidated Operating Expense -$1,930 $1,
Slide 5: Consolidated Earnings Summary
Consolidated Earnings Summary Q4 and Fiscal 2017 Results CAP EIS Adj. As Adjusted Charges/ Goodwill Earnings ex Reported Earnings GAAP1 Non-GAAP Credits Impairment Items Q4 Fiscal 2017 Non-GAAP2 Earnings per diluted share from continuing operations3 $16.79 $3.39 +$0.03 -- $3.42 CAP EIS Adj. As Adjus
Slide 6: Earnings Per Share (EPS) Walk
Earnings Per Share (EPS) Walk Quarter and Full Year Fiscal 2017 Adjusted CAP Charges/ EIS Goodwill Adj. Earnings As Reported GAAP1 Earnings Credits Impairment ex Items Non-GAAP Non-GAAP Q1 $2.88 $3.50 +$0.02 -- $3.52 Q2 $1.35 $1.72 -$0.02 +$1.24 $2.94 Q3 $2.86 $3.03 +$0.02 -- $3.05 Q4 $16.79 $3.39 +
Slide 7: Distribution Solutions Gross Profit Summary
Distribution Solutions Gross Profit Summary Q4 and Fiscal 2017 Results CAP Foreign Adj. YoY As Adjusted Charges/ Exchange Earnings Change Reported Earnings GAAP Non-GAAP Credits Effect ex Items Constant Q4 Fiscal 2017 Non-GAAP1 Currency2 Distribution Solutions Gross Profit $2,523 $2,667 -- +$42 $2,7
Slide 8: Distribution Solutions Operating Expense Summary
Distribution Solutions Operating Expense Summary Q4 and Fiscal 2017 Results CAP Foreign Adj. YoY As Adjusted Charges/ Exchange Earnings Change Reported Earnings GAAP Non-GAAP Credits Effect ex Items Constant Q4 Fiscal 2017 Non-GAAP1 Currency2 Distribution Solutions Operating Expense $1,775 $1,639 -$
Slide 9: Distribution Solutions Operating Profit Summary
Distribution Solutions Operating Profit Summary Q4 and Fiscal 2017 Results Adj. YoY As Adjusted CAP Foreign Earnings ex Change Reported Earnings Charges/ Exchange Items Constant GAAP Non-GAAP Credits Effect Q4 Fiscal 2017 Non-GAAP1 Currency2 Distribution Solutions Operating Profit (in millions USD)
Slide 10: Technology Solutions Gross Profit Summary
Technology Solutions Gross Profit Summary Q4 and Fiscal 2017 Results CAP Foreign Adj. YoY As Adjusted Charges/ Exchange Earnings Change Reported Earnings GAAP Non-GAAP Credits Effect ex Items Constant Q4 Fiscal 2017 Non-GAAP1 Currency2 Technology Solutions Gross Profit $273 $273 -- -- $273 -30% (in
Slide 11: Technology Solutions Operating Expense Summary
Technology Solutions Operating Expense Summary Q4 and Fiscal 2017 Results Adj. YoY As Adjusted CAP EIS Foreign Earnings Change Reported Earnings Charges/ Goodwill Exchange ex Items Constant GAAP1 Non-GAAP Credits Impairment Effect Q4 Fiscal 2017 Non-GAAP2 Currency3 Technology Solutions Operating Exp
Slide 12: Technology Solutions Operating Profit Summary
Technology Solutions Operating Profit Summary Q4 and Fiscal 2017 Results Adj. As Adjusted CAP EIS Foreign YoY Change Earnings Reported Earnings Charges/ Goodwill Exchange Constant ex Items Currency3 GAAP1 Non-GAAP Credits Impairment Effect Q4 Fiscal 2017 Non-GAAP2 Technology Solutions Operating Prof
Slide 13: Revised Adjusted EPS for Fiscal 2017 Results and Fiscal 2018 EPS Outlook
Revised Adjusted EPS for Fiscal 2017 Results and Fiscal 2018 EPS Outlook 13
Slide 14: Fiscal 2017 Walk to Revised Adjusted EPS
Fiscal 2017 Walk to Revised Adjusted EPS $23.28 $1.26 $12.91 $(0.39) $(0.04) $0.03 $0.03 $12.54 $11.61 $0.04 // -22 Adjusted CAP EIS Goodwill Adjusted Gains from Gain on Fair Value Restructuring Revised GAAP EPS EPS Charges Impairment EPS Ex Antitrust Asset Adjustments Charges Adjusted (Non- Items L
Slide 15: Fiscal 2018 EPS Outlook Walk
Fiscal 2018 EPS Outlook Walk $11.75 - $12.45 $0.20 - $0.60 $0.00 - $0.05 $11.75 - $12.45 $1.10 - $1.30 $0.00 – ($0.04) $2.40 - $2.70 $7.10 - $8.80 GAAP EPS Amortization of Acquisition- LIFO Inventory- Gain from Antitrust Restructuring Adjusted EPS Acquisition-Related Related Expenses Related Legal S