McKesson 2009 Annual Report Download - page 57

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McKESSON CORPORATION
FINANCIAL REVIEW (Continued)
51
RELATED PARTY BALANCES AND TRANSACTIONS
Information regarding our related party balances and transactions is included in “Critical Accounting Policies
and Estimates” appearing within this Financial Review and Financial Note 20, “Related Party Balances and
Transactions,” to the accompanying consolidated financial statements.
NEW ACCOUNTING PRONOUNCEMENTS
New accounting pronouncements that we have recently adopted, as well as those that have been recently issued
but not yet adopted by us, are included in Financial Note 1, “Significant Accounting Policies,” to the accompanying
consolidated financial statements.
FACTORS AFFECTING FORWARD-LOOKING STATEMENTS
This Annual Report to Stockholders, including the Chairman’s 2009 letter and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in Item 7 of Part II of the Annual Report on Form 10-K,
contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as
amended, and section 21E of the Securities Exchange Act of 1934, as amended. Some of these statements can be
identified by use of forward-looking words such as “believes,” “expects,” “anticipates,” “may,” “will,” “should,”
“seeks,” “approximately,” “intends,” “plans” or “estimates,” or the negative of these words, or other comparable
terminology. The discussion of financial trends, strategy, plans or intentions may also include forward-looking
statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ
materially from those projected, anticipated or implied. Although it is not possible to predict or identify all such
risks and uncertainties, they may include, but are not limited to, the factors discussed in the Annual Report on Form
10-K under “Additional Factors That May Affect Future Results”. The reader should not consider this list to be a
complete statement of all risks and uncertainties.
These and other risks and uncertainties are described herein and in other information contained in our publicly
available Securities and Exchange Commission (“SEC”) filings and press releases. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as of the date such statements were first
made. Except to the extent required by federal securities laws, we undertake no obligation to publicly release the
result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or
to reflect the occurrence of unanticipated events.
ADDITIONAL FACTORS THAT MAY AFFECT FUTURE RESULTS
We are subject to legal proceedings that could have a material adverse impact on our financial position and
results of operations.
From time to time and in the ordinary course of our business, we and certain of our subsidiaries may become
involved in various legal proceedings involving antitrust, commercial, employment, environmental, intellectual
property, regulatory, tort and other various claims. All such legal proceedings are inherently unpredictable and the
outcome can result in excessive verdicts and/or injunctive relief that may affect how we operate our business or we
may enter into settlements of claims for monetary damages. Future court decisions and legislative activity may
increase the Company’s exposure to litigation and regulatory investigations. In some cases, substantial non-
economic remedies or punitive damages may be sought. For some complaints filed against the Company, we are
currently unable to estimate the remaining amount of possible losses that might be incurred should these legal
proceedings be resolved against the Company.
The outcome of litigation and other legal matters is always uncertain and outcomes that are not justified by the
evidence or existing law can occur. The Company believes that it has valid defenses to the legal matters pending
against it and is defending itself vigorously. Nevertheless, it is possible that resolution of one or any combination of
more than one legal matter could result in a material adverse impact on our financial position or results of
operations. For example, we are involved in a number of legal proceedings described in Financial Note 18, “Other
Commitments and Contingent Liabilities,” to the accompanying consolidated financial statements which could have
such an impact, including class actions and other legal proceedings alleging that we engaged in illegal conduct that
caused average wholesale prices to rise for certain prescription drugs during specified periods.