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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 79.3B | 3.9% |
| Gross Profit | 3.15B | 12.1% |
| Cost of Revenue | 78.2B | 3.7% |
| Operating expense | 2.12B | 10.4% |
| Net Income | 915M | 15.7% |
| EBITDA | 1.18B | 29.1% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 71.7B | 6.3% |
| Total Liabilities | 73.4B | 5.8% |
| Shares Outstanding | 130M | 0.8% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1.38B | 133.3% |
| Cash from investing | -87M | 84.9% |
| Cash from financing | -809M | 16.4% |
EPS
Financial Highlights for McKesson in Q2 '24
McKesson reported a revenue of 79.3B, which is a 3.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 3.15B, marking a -12.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 78.2B, a 3.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 2.12B, showing a -10.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 915M, showing a 15.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.18B, showing a -29.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
McKesson faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
