MCKESSON CORP
For the period ended Mar 31, 2026. Filed May 8, 2026.
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FY2026 · Filed May 8, 2026
MCK$1,082.59+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows for the years endedand
| Table of Contents | Item 8 Index |
|---|
| Years Ended March 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| OPERATING ACTIVITIES | |||
| Net income | $5,099 | $3,481 | $3,160 |
| Adjustments to reconcile to net cash provided by operating activities: | |||
| Depreciation | 256 | 242 | 253 |
| Amortization | 473 | 394 | 382 |
| Long-lived asset impairment charges | 55 | 98 | 43 |
| Deferred taxes | 230 | (110) | (603) |
| Charges (credits) associated with last-in, first-out inventory method | (210) | 82 | (157) |
| Non-cash operating lease expense | 261 | 245 | 228 |
| Loss (gain) from sales of businesses and investments | (573) | 485 | (17) |
| Provision for bad debts | 100 | (130) | 819 |
| Other non-cash items | 302 | 424 | 233 |
| Changes in assets and liabilities, net of acquisitions: | |||
| Receivables | (1,999) | (3,935) | (2,954) |
| Inventories | (1,082) | (2,270) | (1,294) |
| Drafts and accounts payable | 4,317 | 8,301 | 4,587 |
| Operating lease liabilities | (270) | (404) | (339) |
| Taxes | (339) | (136) | 331 |
| Litigation liabilities | (684) | (401) | (395) |
| Other | 219 | (281) | 37 |
| Net cash provided by operating activities | 6,155 | 6,085 | 4,314 |
| INVESTING ACTIVITIES | |||
| Payments for property, plant, and equipment | (436) | (537) | (431) |
| Capitalized software expenditures | (309) | (322) | (256) |
| Acquisitions, net of cash, cash equivalents, and restricted cash acquired | (3,416) | (24) | (272) |
| Proceeds from sales of businesses and investments, net | 830 | 179 | 47 |
| Other | (101) | (29) | (160) |
| Net cash used in investing activities | (3,432) | (733) | (1,072) |
| FINANCING ACTIVITIES | |||
| Proceeds from short-term borrowings | 9,247 | 15,086 | 19,964 |
| Repayments of short-term borrowings | (9,247) | (15,086) | (19,964) |
| Proceeds from issuances of long-term debt | 1,990 | 498 | 991 |
| Repayments of long-term debt | (1,207) | (519) | (288) |
| Purchase of U.S. government obligations for the satisfaction and discharge of long-term debt | — | — | (647) |
| Common stock transactions: | |||
| Issuances | 89 | 101 | 116 |
| Share repurchases | (4,750) | (3,146) | (3,025) |
| Dividends paid | (381) | (345) | (314) |
| Other | (372) | (554) | (175) |
| Net cash used in financing activities | (4,631) | (3,965) | (3,342) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 20 | (16) | 6 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (1,888) | 1,371 | (94) |
| Cash, cash equivalents, and restricted cash at beginning of year | 5,956 | 4,585 | 4,679 |
| Cash, cash equivalents, and restricted cash at end of year | 4,068 | 5,956 | 4,585 |
| Less: Restricted cash at end of year included in Prepaid expenses and other | (93) | (265) | (2) |
| Cash and cash equivalents at end of year | $3,975 | $5,691 | $4,583 |
| SUPPLEMENTAL CASH FLOW INFORMATION | |||
| Cash paid for: | |||
| Interest, net | $212 | $273 | $234 |
| Income taxes, net of refunds | 1,211 | 1,124 | 901 |
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