← Cencora, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $1.4b | $364.5m | $1.7b | $855.4m | ($3.4b) | $1.5b | $1.7b | $1.7b | $1.5b | $1.6b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $1.4b | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | — | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($42.5m) | ($1.2m) | $9.2m | $4.7m | ($32.3m) | ($12.7m) | $10.2m | $13.6m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $1.6b | $854.1m | ($3.4b) | $1.5b | $1.7b | $1.7b | $1.5b | $1.6b | |
| Amortization | $159.6m | $169.9m | $191.6m | $176.4m | $117.3m | $188.1m | $319.2m | $562.0m | $670.6m | $567.1m | |
| Amortization of Intangible Assets | $152.5m | $160.5m | $181.2m | $167.4m | $110.9m | $178.3m | $307.3m | $553.6m | $663.5m | $556.9m | |
| Amortization, including amounts charged to interest expense | $159.6m | $169.9m | $191.6m | $176.4m | $117.3m | $188.1m | $319.2m | $562.0m | $670.6m | $567.1m | |
| Depreciation | $232.5m | $262.4m | $318.5m | $321.1m | $290.7m | $326.7m | $390.6m | $418.8m | $448.2m | $501.3m | |
| Depreciation, Depletion and Amortization | $364.7m | $397.6m | $465.1m | $462.4m | $391.1m | $505.2m | $693.9m | $963.9m | $1.1b | $1.1b | |
| Depreciation, Nonproduction | $212.2m | $237.1m | $284.0m | $295.0m | $280.2m | $326.8m | $386.6m | $410.3m | $428.5m | $494.1m | |
| Depreciation, including amounts charged to cost of goods sold | $232.5m | $262.4m | $318.5m | $321.1m | $290.7m | $326.7m | $390.6m | $418.8m | $448.2m | $501.3m | |
| Deferred Income Tax Expense (Benefit) | ($130.9m) | $319.1m | ($795.5m) | $28.5m | ($1.5b) | $334.9m | $196.2m | ($118.9m) | ($102.3m) | $59.9m | |
| Provision (benefit) for deferred income taxes | ($130.9m) | $319.1m | ($795.5m) | $28.5m | ($1.5b) | $334.9m | $196.2m | ($118.9m) | ($102.3m) | $59.9m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | — | $113.5m | |
| Goodwill, Impairment Loss | $0 | $0 | $59.7m | $0 | $0 | $6.4m | $75.9m | $0 | $418.0m | $723.9m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $0 | $30.0m | $570.0m | $361.7m | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | $0 | $0 | $31.7m | $80.9m | $0 | $418.0m | $837.4m | |
| Impairment of assets, including goodwill | $0 | $0 | $30.0m | $570.0m | $361.7m | $31.7m | $80.9m | $0 | $418.0m | $837.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $9.4m | $8.2m | $6.0m | $9.8m | $23.5m | $38.1m | $71.3m | $63.5m | $77.8m | |
| Share-based Payment Arrangement, Noncash Expense | $65.0m | $62.2m | $62.3m | $58.9m | $74.4m | $99.6m | $93.4m | $124.6m | $148.0m | $148.0m | |
| Share-based compensation expense | $65.0m | $62.2m | $62.3m | $58.9m | $74.4m | $99.6m | $93.4m | $124.6m | $148.0m | $148.0m | |
| (Gain) loss on remeasurement of equity investment | — | — | — | — | — | ($64.7m) | ($4.8m) | ($242k) | $16.2m | ($14.1m) | |
| Cost of equity investments | ($19.0m) | ($11.3m) | $0 | $0 | ($56.1m) | ($162.6m) | ($18.5m) | ($743.3m) | ($30.4m) | ($196.2m) | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | $13.7m | $0 | $0 | ($4.8m) | ($242k) | $16.2m | $39.7m | |
| Gain (Loss) on Disposition of Assets | — | — | $6.4m | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | $0 | $3.7m | $0 | — | — | — | $56.2m | $40.7m | $0 | ($35.5m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | $19.1m | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | $0 | — | ($23.8m) | $0 | ($22.2m) | $0 | $0 | — | — | — | |
| Gain on divestiture of equity investment | — | — | — | — | — | — | — | $0 | $0 | ($12.8m) | |
| Income Tax Expense (Benefit) | ($37.0m) | $553.4m | ($438.5m) | $113.0m | ($1.9b) | $677.3m | $516.5m | $428.3m | $484.7m | $690.5m | |
| Loss (gain) on divestiture of businesses | $0 | ($3.7m) | $0 | — | $0 | $0 | ($56.2m) | ($40.7m) | $0 | $35.5m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts payable | $3.0b | $1.5b | $859.0m | $1.6b | $3.3b | $2.0b | $3.3b | $6.1b | $5.0b | $3.7b | |
| Accounts receivable | ($912.7m) | ($1.3b) | ($657.8m) | ($1.2b) | ($1.6b) | ($930.1m) | ($1.7b) | ($2.7b) | ($2.8b) | ($1.9b) | |
| Accrued expenses | $82.8m | $661.2m | ($537.9m) | $239.7m | $524.0m | $372.1m | ($457.2m) | $51.1m | $148.5m | ($21.1m) | |
| Adjustments | — | — | — | — | — | — | — | $0 | $0 | $141.2m | |
| Borrowings under revolving and securitization credit facilities | $8.8b | $9.3b | $25.1b | $640.1m | $116.9m | $5.0b | $4.8b | $78.2b | $69.7b | $132.1b | |
| Cost of acquired companies, net of cash acquired | ($2.7b) | ($61.6m) | ($785.3m) | ($64.0m) | $0 | ($5.6b) | ($133.8m) | ($1.4b) | ($69.8m) | ($4.1b) | |
| Employee tax withholdings related to restricted share vesting | ($22.1m) | ($9.4m) | ($8.2m) | ($6.0m) | ($9.8m) | ($23.5m) | ($38.1m) | ($71.3m) | ($63.5m) | ($77.8m) | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | ($64.7m) | ($4.8m) | ($242k) | $16.2m | $14.1m | |
| Exercises of stock options | $74.8m | $102.9m | $138.5m | $76.2m | $159.5m | $198.8m | $93.9m | $61.2m | $37.8m | $29.1m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | ($3.4m) | ($14.4m) | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | $133.8m | $1.4m | $35.9m | $145.9m | $9.1m | $168.8m | $1.8m | $239.1m | $170.9m | $236.4m | |
| Goodwill | $6.0b | $6.0b | $6.7b | $6.7b | $6.7b | $9.0b | $8.5b | $9.6b | $9.3b | $13.7b | |
| Income taxes payable and other liabilities | — | — | — | — | ($50.1m) | ($178.1m) | ($330.1m) | ($196.1m) | ($204.5m) | ($213.7m) | |
| Increase (Decrease) in Accounts Payable | $3.0b | $1.5b | $859.0m | $1.6b | $3.3b | $2.0b | $3.3b | $6.1b | $5.0b | $3.7b | |
| Increase (Decrease) in Accounts Receivable | $912.7m | $1.3b | $657.8m | $1.2b | $1.6b | $930.1m | $1.7b | $2.7b | $2.8b | $1.9b | |
| Increase (Decrease) in Inventories | $1.1b | $431.5m | $4.9m | $168.0m | $1.6b | $1.1b | $665.4m | $2.2b | $1.5b | $1.3b | |
| Inventories | ($1.1b) | ($431.5m) | ($4.9m) | ($168.0m) | ($1.6b) | ($1.1b) | ($665.4m) | ($2.2b) | ($1.5b) | ($1.3b) | |
| LIFO (credit) expense | $200.2m | ($157.8m) | $67.3m | ($22.5m) | $7.4m | ($203.0m) | $67.2m | $204.6m | ($52.2m) | ($76.9m) | |
| Long-term accrued litigation liability | — | — | — | $0 | $6.2b | ($237.0m) | ($500.2m) | ($400.0m) | ($506.2m) | ($404.1m) | |
| Non-customer note receivable | — | — | — | — | — | — | $0 | $0 | ($50.0m) | ($34.8m) | |
| Nonoperating Income (Expense) | $5.0m | $2.7m | ($25.5m) | $13.0m | $1.6m | $41.7m | $27.4m | $49.0m | ($14.3m) | ($78.7m) | |
| Operating Expenses | — | — | — | — | — | — | — | — | — | $7.0b | |
| Other, net | ($5.2m) | $11.4m | ($12.6m) | ($23.2m) | $9.5m | $9.9m | ($10.1m) | ($9.4m) | ($12.3m) | ($25.4m) | |
| Prepaid expenses and other assets | ($46.2m) | $33.6m | ($57.2m) | ($6.7m) | $28.1m | $141.1m | $102.7m | $109.0m | $167.8m | $173.9m | |
| Proceeds from Stock Options Exercised | — | — | — | — | $159.5m | $198.8m | $93.9m | $61.2m | $37.8m | $29.1m | |
| Provision for credit losses | $13.1m | $8.9m | $16.7m | $25.2m | $11.9m | $12.1m | $26.1m | $54.4m | $40.8m | $63.3m | |
| Repayments under revolving and securitization credit facilities | ($8.3b) | ($9.3b) | ($25.1b) | ($769.3m) | ($150.0m) | ($5.1b) | ($4.7b) | ($78.2b) | ($70.1b) | ($132.2b) | |
| Senior notes and loan borrowings | $1.0b | $0 | $1.3b | $506.9m | $599.5m | $3.2b | $155.2m | $157.5m | $688.3m | $4.5b | |
| Senior notes and loan repayments | ($800.0m) | ($750.0m) | ($681.0m) | ($510.9m) | ($598.5m) | ($835.3m) | — | ($811.4m) | ($662.5m) | ($1.3b) | |
| Stock or Unit Option Plan Expense | $33.1m | $28.6m | $22.6m | $21.0m | $13.0m | $4.6m | $2.2m | — | — | — | |
| Turkey highly inflationary impact | — | — | — | — | $0 | $0 | $52.0m | $95.9m | $55.3m | $55.5m | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | ($47.6m) | $0 | $0 | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $3.2b | $1.5b | $1.4b | $2.3b | $2.2b | $2.7b | $2.7b | $3.9b | $3.5b | $3.9b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $464.6m | $466.4m | $336.4m | $310.2m | $369.7m | $438.2m | $496.3m | $458.4m | $487.2m | $668.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $2.7b | $61.6m | $785.3m | $64.0m | $0 | $5.6b | $133.8m | $1.4b | $69.8m | $4.1b | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | — | — | — | — | $12.8m | |
| Payments for (Proceeds from) Other Investing Activities | $13.9m | ($3.1m) | ($10.6m) | $1.7m | ($9.5m) | ($7.9m) | ($1.3m) | ($9.0m) | ($19.3m) | ($17.4m) | |
| Net Cash Provided by (Used in) Investing Activities | ($3.2b) | ($498.0m) | ($1.1b) | ($375.8m) | ($379.9m) | ($6.1b) | ($368.4m) | ($2.6b) | ($618.1m) | ($5.0b) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | $800.0m | $750.0m | $681.0m | $510.9m | $598.5m | $835.3m | — | — | — | $1.3b | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $66.4m | $0 | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | $2.3b | $329.9m | $639.2m | $674.0m | $420.4m | $82.2m | $483.7m | $1.2b | $1.5b | $435.5m | |
| Payments of Ordinary Dividends, Common Stock | $288.5m | $320.3m | $333.0m | $339.0m | $343.6m | $366.6m | $391.7m | $398.8m | $416.2m | $437.1m | |
| Purchases of common stock | ($2.3b) | ($329.9m) | ($639.2m) | ($674.0m) | ($420.4m) | ($82.2m) | ($483.7m) | ($1.2b) | ($1.5b) | ($435.5m) | |
| Cash dividends on common stock | ($288) | ($320) | ($333) | ($339) | ($344) | ($367) | ($392) | ($399) | ($416) | ($437) | |
| Proceeds from (Payments for) Other Financing Activities | ($28.6m) | ($6.6m) | ($14.2m) | ($10.7m) | ($2.2m) | $9.9m | ($10.1m) | ($9.4m) | ($12.3m) | ($25.4m) | |
| Net Cash Provided by (Used in) Financing Activities | $565.1m | ($1.3b) | ($242.9m) | ($1.1b) | ($603.6m) | $2.0b | ($1.8b) | ($2.2b) | ($2.3b) | $2.2b | |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | $0 | $0 | ($3.7m) | ($57.9m) | $72.8m | $9.4m | ($50.3m) | ||||
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $0 | $1.2b | ($1.5b) | $523.4m | ($840.6m) | $545.0m | $1.1b | |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | $574.4m | ($306.7m) | $57.4m | $881.7m | $1.2b | ($1.5b) | $523.4m | ($840.6m) | $545.0m | $1.1b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $0 | $4.6b | $3.1b | $3.6b | $2.8b | $3.3b | $4.4b | |
| Cash, cash equivalents, and restricted cash at beginning of year | — | — | $2.5b | $3.4b | $4.6b | $3.1b | $3.6b | $2.8b | $3.3b | $4.4b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $162.1m | $167.4m | $150.7m | $170.9m | $219.8m | $271.3m | $250.1m | $356.5m | |
| Income Taxes Paid, Net | $17.5m | $105.0m | $104.0m | $117.7m | $139.4m | $93.5m | $244.4m | $463.1m | $603.9m | $571.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.