McKesson 2005 Annual Report Download - page 20
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 |
 |
McKESSON CORPORATION
SCHEDULE II
SUPPLEMENTARY CONSOLIDATED FINANCIAL STATEMENT SCHEDULE
VALUATION AND QUALIFYING ACCOUNTS
For the Years Ended March 31, 2005, 2004 and 2003
(In millions)
20
Additions
Balance at Char
g
ed to Deductions
Beginning o
f
Costs and Charged to From Allowance
Balance at End
Description Year Expenses Other Accounts Accounts (1) of Year (2)
Year Ended March 31, 2005
Allowances for doubtful accounts $ 139.3 $ 15.6 $ 9.3 $ (47.7) (3) $ 116.5
Other allowances 37.5 9.5 5.1 (9.1)43.0
$ 176.8 $ 25.1 $ 14.4 $ (56.8) $ 159.5
Year Ended March 31, 2004
Allowances for doubtful accounts $ 261.1 $ 54.4(4) $ 0.4 $ (176.6) (3) $ 139.3
Other allowances 29.0 20.5 0.8 (12.8)37.5
$ 290.1 $ 74.9 $ 1.2 $ (189.4) $ 176.8
Year Ended March 31, 2003
Allowances for doubtful accounts $ 289.3 $ 68.5 $ 4.4 $ (101.1) (3) $ 261.1
Other allowances 30.0 13.4 0.2 (14.6) 29.0
$ 319.3 $ 81.9 $ 4.6 $ (115.7) $ 290.1
2005 2004 2003
(1) Deductions:
Written off $ 49.3 $ 122.6 $ 88.1
Credited to other accounts 7.5 66.8 27.6
Total $ 56.8 $ 189.4 $ 115.7
(2) Amounts shown as deductions from:
Current receivables $ 159.3 $ 176.8 $ 285.4
Notes receivable and other assets 0.2 — 4.7
Total $ 159.5 $ 176.8 $ 290.1
(3) Includes $4.0 million, $66.4 million and $22.3 million in 2005, 2004 and 2003 in reversals of the allowance for customer settlements
within our Provider Technologies segment.
(4) Includes a $30.0 million provision for a customer bankruptcy.