San Francisco-based McKesson released its financial results for fiscal year 2017, after its fourth quarter ended March 31.
Here are five things to know.
1. The company posted revenues of $198.5 billion for 2017, up 4 percent year over year from $190.9 million the year prior.
2. McKesson Distribution Solutions, one of the company's primary businesses, reported revenue of $195.9 billion for 2017, also up 4 percent.
3. McKesson Technology Solutions, however, experienced a 10 percent decrease, posting $2.6 million in revenue from its products and services in 2017, compared to $2.9 million in 2016.
The company said its merger with Change Healthcare, which took place in March, affected its MTS revenue. McKesson has since contributed the majority of its MTS businesses to Change Healthcare.
4. McKesson ended 2017 with net income of $5.1 million, up 125 percent from $2.3 million the year prior.
5. McKesson's 2017 adjusted earnings was $12.54 per diluted share. In fiscal year 2018, the company expects its adjusted earnings per diluted share to sit between $11.75 and $12.45.
McKesson projects its MTS revenues will sit between $450 million and $500 million in 2018, with the company "evaluating strategic alternatives for this business." In 2018, the company also expects its ownership position in Change Healthcare to be roughly 70 percent.