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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Revenues $ 214,319 $ 208,357 $ 198,533
Cost of Sales (202,565) (197,173) (187,262)
Gross Profit 11,754 11,184 11,271
Operating Expenses      
Selling, distribution and administrative expenses (8,403) (8,138) (7,447)
Research and development (71) (125) (341)
Goodwill impairment charges (1,797) (1,738) (290)
Restructuring and asset impairment charges (597) (567) (18)
Gains from sales of business and on healthcare technology net asset exchange, net 0 109 0
Total Operating Expenses (10,868) (10,422) (4,149)
Operating Income 886 762 7,122
Other Income, Net 182 130 77
Loss on Debt Extinguishment 0 (122) 0
Interest Expense (264) (283) (308)
Income from Continuing Operations Before Income Taxes 610 239 6,891
Income Tax (Expense) Benefit (356) 53 (1,614)
Income from Continuing Operations 254 292 5,277
Income (Loss) from Discontinued Operations, Net of Tax 1 5 (124)
Net Income 255 297 5,153
Net Income Attributable to Noncontrolling Interests (221) (230) (83)
Net Income Attributable to McKesson Corporation $ 34 $ 67 $ 5,070
Diluted      
Continuing operations (in dollars per share) $ 0.17 $ 0.30 $ 23.28
Discontinued operations (in dollars per share) 0.00 0.02 (0.55)
Total (in dollars per share) 0.17 0.32 22.73
Basic      
Continuing operations (in dollars per share) 0.17 0.30 23.50
Discontinued operations (in dollars per share) 0.00 0.02 (0.55)
Total (in dollars per share) $ 0.17 $ 0.32 $ 22.95
Weighted Average Common Shares      
Diluted (in shares) 197 209 223
Basic (in shares) 196 208 221
Healthcare Technology Net Asset Exchange      
Operating Expenses      
Gains from sales of business and on healthcare technology net asset exchange, net $ 0 $ 37 $ 3,947
Change Healthcare      
Operating Expenses      
Loss from Equity Method Investment in Change Healthcare $ (194) $ (248) $ 0