← MCKESSON CORP

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $5.1b $67.0m $34.0m $900.0m ($4.5b) $1.1b $3.6b $3.0b $3.3b $4.8b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $5.2b $62.0m $33.0m $906.0m ($4.5b) $1.1b $3.6b $3.0b $3.3b —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $5.3b $292.0m $254.0m $1.1b ($4.3b) $1.3b $3.7b $3.2b $3.5b —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($124.0m) $5.0m $1.0m ($6.0m) ($1.0m) ($5.0m) ($3.0m) $0 $0 —
Net Income (Loss) Attributable to Noncontrolling Interest $83.0m $230.0m $221.0m $220.0m $199.0m $173.0m $162.0m $158.0m $186.0m $337.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $5.2b $297.0m $255.0m $1.1b ($4.3b) $1.3b $3.7b $3.2b $3.5b $5.1b
Amortization $586.0m $648.0m $632.0m $601.0m $566.0m $481.0m $360.0m $382.0m $394.0m $473.0m
Amortization of Intangible Assets $444.0m $503.0m $485.0m $462.0m $422.0m $332.0m $236.0m $249.0m $226.0m $276.0m
Capitalized Computer Software, Amortization $21.0m — — — $117.0m $116.0m $101.0m $102.0m $135.0m $164.0m
Depreciation $324.0m $303.0m $317.0m $321.0m $321.0m $279.0m $248.0m $253.0m $242.0m $256.0m
Depreciation, Depletion and Amortization $910.0m $951.0m $949.0m $922.0m $344.0m $312.0m $272.0m $279.0m $272.0m $287.0m
Deferred Income Tax Expense (Benefit) $882.0m ($868.0m) $189.0m ($342.0m) ($908.0m) $34.0m ($20.0m) ($603.0m) ($110.0m) $230.0m
Deferred taxes $882.0m ($868.0m) $189.0m ($342.0m) ($908.0m) $34.0m ($20.0m) ($603.0m) ($110.0m) $230.0m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — — — $59.0m $59.0m — —
Goodwill and Intangible Asset Impairment $290.0m $2.2b $2.1b $139.0m $242.0m — — — — —
Goodwill, Impairment Loss $290.0m $1.7b $1.8b $2.0m $69.0m $0 $0 — — —
Long-lived asset impairment charges — — — $139.0m $242.0m $175.0m $72.0m $43.0m $98.0m $55.0m
Restructuring Costs and Asset Impairment Charges — — — $139.0m $242.0m $175.0m $72.0m $115.0m $286.0m $245.0m
Share-based Payment Arrangement, Expense $115.0m $69.0m $95.0m $119.0m $151.0m $161.0m $162.0m $182.0m $226.0m $247.0m
Share-based Payment Arrangement, Noncash Expense $115.0m $69.0m — — — — — — — —
Equity Method Investment, Realized Gain (Loss) on Disposal — $43.0m — $0 $0 — — — — —
Gain (Loss) on Disposition of Assets — $169.0m $86.0m — — — — — — —
Gain (Loss) on Disposition of Business ($94.0m) — $0 $0 — — — — — —
Gain (Loss) on Disposition of Other Assets — — — ($33.0m) $9.0m $132.0m $211.0m $17.0m ($485.0m) $573.0m
Gain (Loss) on Extinguishment of Debt — ($122.0m) $0 $0 — ($191.0m) $0 $0 — —
Income (Loss) from Equity Method Investments $30.0m — — $36.0m $48.0m $43.0m $5.0m $4.0m $9.0m $7.0m
Income Tax Expense (Benefit) $1.6b ($53.0m) $356.0m $18.0m ($695.0m) $636.0m $905.0m $629.0m $878.0m $1.1b
Interest Expense Nonoperating — — — — — — — — $265.0m $247.0m
Operating Lease, Expense — — — $366.0m $334.0m $241.0m $249.0m $228.0m $245.0m $261.0m
Operating lease liabilities — — — ($377.0m) ($362.0m) ($356.0m) ($338.0m) ($339.0m) ($404.0m) ($270.0m)
Other Nonoperating Income (Expense) $31.0m $7.0m $44.0m $54.0m $30.0m $103.0m $279.0m $34.0m ($38.0m) $44.0m
Changes in operating assets and liabilities:
Additional Financial Items
Capitalized software expenditures ($158.0m) ($175.0m) ($131.0m) ($144.0m) ($190.0m) ($147.0m) ($168.0m) ($256.0m) ($322.0m) ($309.0m)
Charges (credits) associated with last-in, first-out inventory method ($7.0m) ($99.0m) ($210.0m) ($252.0m) ($38.0m) ($23.0m) $1.0m ($157.0m) $82.0m ($210.0m)
Drafts and accounts payable $2.1b $271.0m $2.0b $4.0b $1.3b $2.8b $3.8b $4.6b $8.3b $4.3b
Equity Securities, FV-NI, Gain (Loss) — — — — $133.0m $98.0m ($36.0m) ($24.0m) $101.0m —
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — — — $98.0m — — — —
Gain (Loss) Related to Litigation Settlement — — — — — ($274.0m) $8.0m ($147.0m) ($108.0m) $3.0m
Goodwill $10.6b $10.9b $9.4b $9.4b $9.5b $9.5b $9.9b $10.1b $10.0b $11.3b
Income taxes, net of refunds $587.0m $144.0m $262.0m $368.0m $379.0m $359.0m $562.0m $901.0m $1.1b $1.2b
Increase (Decrease) in Accounts Payable $2.1b $271.0m $2.0b $4.0b $1.3b $2.8b $3.8b $4.6b $8.3b $4.3b
Increase (Decrease) in Inventories ($320.0m) $458.0m $368.0m $376.0m $2.3b $1.2b $1.3b $1.3b $2.3b $1.1b
Interest, net $315.0m $298.0m $383.0m $235.0m $220.0m $186.0m $224.0m $234.0m $273.0m $212.0m
Inventories $320.0m ($458.0m) ($368.0m) ($376.0m) ($2.3b) ($1.2b) ($1.3b) ($1.3b) ($2.3b) ($1.1b)
Investment Income, Interest $29.0m $48.0m $39.0m $49.0m $12.0m $10.0m $107.0m $118.0m $173.0m $179.0m
Issuances $120.0m $132.0m $75.0m $113.0m $92.0m $220.0m $163.0m $116.0m $101.0m $89.0m
Litigation liabilities — — $0 $0 $8.1b $199.0m ($1.1b) ($395.0m) ($401.0m) ($684.0m)
Nonoperating Income (Expense) $90.0m $130.0m $182.0m $12.0m $223.0m $259.0m $497.0m $132.0m $202.0m $236.0m
Operating Expenses $4.2b $10.4b $10.9b $9.5b $17.2b $11.1b $8.0b $8.9b $8.9b $8.3b
Other ($18.0m) ($185.0m) ($355.0m) ($301.0m) ($199.0m) ($383.0m) ($324.0m) ($175.0m) ($554.0m) ($372.0m)
Other non-cash items $88.0m ($2.0m) $52.0m $615.0m $188.0m $501.0m $298.0m $233.0m $424.0m $302.0m
Proceeds from short-term borrowings $8.3b $20.5b $37.3b $21.4b $6.3b $11.2b $8.4b $20.0b $15.1b $9.2b
Provision for bad debts — — — — — $29.0m $45.0m $819.0m ($130.0m) $100.0m
Purchase of U.S. government obligations for the satisfaction and discharge of long-term debt — — — — — $0 $0 ($647.0m) $0 $0
Receivables ($762.0m) $1.2b ($967.0m) ($2.5b) $1.1b ($1.8b) ($1.1b) ($3.0b) ($3.9b) ($2.0b)
Repayments of short-term borrowings ($8.1b) ($20.7b) ($37.3b) ($21.4b) ($6.3b) ($11.2b) ($8.4b) ($20.0b) ($15.1b) ($9.2b)
Share repurchases ($2.3b) ($1.7b) ($1.6b) ($2.0b) ($770.0m) ($3.5b) ($3.6b) ($3.0b) ($3.1b) ($4.8b)
Taxes $146.0m $671.0m ($95.0m) ($8.0m) ($166.0m) $243.0m $363.0m $331.0m ($136.0m) ($339.0m)
Net Cash Provided by (Used in) Operating Activities $4.7b $4.3b $4.0b $4.4b $4.5b $4.4b $5.2b $4.3b $6.1b $6.2b
Cash flows from investing activities:
Payments for property, plant, and equipment ($404.0m) ($405.0m) ($426.0m) ($362.0m) ($451.0m) ($388.0m) ($390.0m) ($431.0m) ($537.0m) ($436.0m)
Payments to Acquire Property, Plant, and Equipment $404.0m $405.0m $426.0m $362.0m $451.0m $388.0m $390.0m $431.0m $537.0m $436.0m
Payments to Acquire Businesses, Net of Cash Acquired $4.2b $2.9b $905.0m $133.0m $35.0m $6.0m $867.0m $272.0m $24.0m $3.4b
Loss (gain) from sales of businesses and investments $94.0m ($169.0m) ($86.0m) $33.0m ($9.0m) ($132.0m) ($211.0m) ($17.0m) $485.0m ($573.0m)
Proceeds from sales of businesses and investments, net $206.0m $500.0m $101.0m $37.0m $400.0m $578.0m $1.1b $47.0m $179.0m $830.0m
Payments for (Proceeds from) Other Investing Activities ($75.0m) $18.0m $20.0m ($23.0m) $139.0m $126.0m $194.0m $160.0m $29.0m $101.0m
Net Cash Provided by (Used in) Investing Activities ($3.8b) ($1.5b) ($1.4b) ($579.0m) ($415.0m) ($89.0m) ($542.0m) ($1.1b) ($733.0m) ($3.4b)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $1.8b $1.5b $1.1b $0 $500.0m $498.0m $997.0m $991.0m $498.0m $2.0b
Proceeds from issuances of long-term debt $1.8b $1.5b $1.1b $0 $500.0m $498.0m $997.0m $991.0m $498.0m $2.0b
Repayments of Long-term Debt $1.6b $2.3b $1.1b $298.0m $1.0b $1.6b $1.3b $288.0m $519.0m $1.2b
Payments for Repurchase of Common Stock $2.3b $1.7b $1.6b $2.0b $770.0m $3.5b $3.6b $3.0b $3.1b $4.8b
Payments of Ordinary Dividends, Common Stock $253.0m $262.0m $292.0m $294.0m $276.0m $277.0m $292.0m $314.0m $345.0m $381.0m
Dividends paid ($253) ($262) ($292) ($294) ($276) ($277) ($292) ($314) ($345) ($381)
Proceeds from (Payments for) Other Financing Activities ($18.0m) ($185.0m) ($355.0m) ($301.0m) ($199.0m) ($383.0m) ($324.0m) ($175.0m) ($554.0m) ($372.0m)
Net Cash Provided by (Used in) Financing Activities ($2.1b) ($3.1b) ($2.2b) ($2.7b) ($1.7b) ($6.3b) ($4.4b) ($3.3b) ($4.0b) ($4.6b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($144.0m) $150.0m ($119.0m) ($19.0m) ($61.0m) $55.0m $25.0m $6.0m ($16.0m) $20.0m
Effect of exchange rate changes on cash, cash equivalents, and restricted cash ($144.0m) $150.0m ($119.0m) ($19.0m) ($61.0m) $55.0m $25.0m $6.0m ($16.0m) $20.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($144.0m) $150.0m $309.0m $1.0b $2.4b ($2.5b) $744.0m ($94.0m) $1.4b ($1.9b)
Net increase (decrease) in cash, cash equivalents, and restricted cash ($738.0m) ($1.6b) $309.0m $1.0b $2.4b ($2.5b) $744.0m ($94.0m) $1.4b ($1.9b)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired ($4.2b) ($2.9b) ($905.0m) ($133.0m) ($35.0m) ($6.0m) ($867.0m) ($272.0m) ($24.0m) ($3.4b)
Cash and cash equivalents at end of year $2.8b $2.7b $3.0b $4.0b $6.3b $3.5b $4.7b $4.6b $5.7b $4.0b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($4.2b) ($2.9b) $3.0b $4.0b $6.4b $3.9b $4.7b $4.6b $6.0b $4.1b
Cash, cash equivalents, and restricted cash at beginning of year $4.3b $2.7b $3.0b $4.0b $6.4b $3.9b $4.7b $4.6b $6.0b $4.1b
Less: Restricted cash at end of year included in Prepaid expenses and other — — $0 ($8.0m) ($118.0m) ($403.0m) ($1.0m) ($2.0m) ($265.0m) ($93.0m)
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $383.0m $235.0m $220.0m $186.0m $224.0m $234.0m $273.0m $212.0m
Income Taxes Paid, Net $587.0m $144.0m $262.0m $368.0m $379.0m $359.0m $562.0m $901.0m $1.1b $1.2b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.