Medline Inc.
For the period ended Jun 27, 2026. Filed Aug 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 27, 2026 · Filed Aug 5, 2026
MDLN$40.91+0.5%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
Condensed Consolidated Balance Sheets
MEDLINE INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
| (in millions, except per share amounts) | As of June 27, 2026 (Unaudited) | As of December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $2,327 | $1,939 |
| Trade accounts receivable, net of allowance for credit losses of $148 and $152 as of June 27, 2026 and December 31, 2025, respectively | 3,661 | 3,533 |
| Inventories | 4,665 | 4,769 |
| Short-term investments | 350 | — |
| Other current assets | 739 | 438 |
| Total current assets | 11,742 | 10,679 |
| Property, plant, and equipment, net | 4,697 | 4,778 |
| Other non-current assets | ||
| Goodwill | 8,072 | 8,079 |
| Intangible assets, net | 13,538 | 13,893 |
| Deferred tax assets | 866 | 583 |
| Other long-term assets | 435 | 472 |
| Total other non-current assets | 22,911 | 23,027 |
| Total assets | $39,350 | $38,484 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Current portion of long-term borrowings and other short-term borrowings | $29 | $77 |
| Accounts payable | 1,043 | 961 |
| Accrued expenses and other current liabilities | 1,638 | 1,452 |
| Total current liabilities | 2,710 | 2,490 |
| Non-current liabilities | ||
| Long-term borrowings, less current portion | 12,548 | 12,484 |
| Tax receivable agreement liability | 4,392 | 3,542 |
| Other long-term liabilities | 623 | 682 |
| Total non-current liabilities | 17,563 | 16,708 |
| Total liabilities | $20,273 | $19,198 |
| Commitments and contingencies | ||
| Stockholders’ equity | ||
| Class A common stock, par value $0.0001 per share; 50,000 shares authorized; 877 and 812 shares issued and outstanding as of June 27, 2026 and December 31, 2025, respectively | — | — |
| Class B common stock, par value $0.0001 per share; 50,000 shares authorized; 437 and 502 shares issued and outstanding as of June 27, 2026 and December 31, 2025, respectively | — | — |
| Preferred stock, par value $0.0001; 5,000 shares authorized; no shares issued and outstanding | — | — |
| Additional paid-in capital | 11,396 | 10,717 |
| Retained earnings (accumulated deficit) | 182 | (7) |
| Accumulated other comprehensive (loss) income | (6) | 27 |
| Total Medline Inc. stockholders’ equity | 11,572 | 10,737 |
| Noncontrolling interests | 7,505 | 8,549 |
| Total stockholders’ equity | 19,077 | 19,286 |
| Total liabilities and stockholders’ equity | $39,350 | $38,484 |
See notes to unaudited condensed consolidated financial statements.
7
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.