CENCORA, INC. (COR) FY2025 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-10-01 to 2025-09-30

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CENCORA, INC. cash flow reconciliation, Oct 1, 2024 through Sep 30, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $1,567,814,000.00Accounts payable → Operating adjustments reconciliation: $3,693,364,000.00Impairment of assets, including goodwill → Operating adjustments reconciliation: $837,378,000.00Amortization, including amounts charged to interest expense → Operating adjustments reconciliation: $567,106,000.00Depreciation, including amounts charged to cost of goods sold → Operating adjustments reconciliation: $501,310,000.00Prepaid expenses and other assets → Operating adjustments reconciliation: $173,857,000.00Share-based compensation expense → Operating adjustments reconciliation: $147,963,000.00Adjustments - Equity units → Operating adjustments reconciliation: $121,666,000.00Provision for credit losses → Operating adjustments reconciliation: $63,306,000.00Provision (benefit) for deferred income taxes → Operating adjustments reconciliation: $59,864,000.00Turkey highly inflationary impact → Operating adjustments reconciliation: $55,519,000.00Loss (gain) on divestiture of businesses → Operating adjustments reconciliation: $35,539,000.00Adjustments - Contingent consideration → Operating adjustments reconciliation: $19,550,000.00Operating adjustments reconciliation → Net cash from operating activities: $2,307,306,000.00Operating adjustments reconciliation → Accounts receivable: $1,923,411,000.00Operating adjustments reconciliation → Inventories: $1,269,429,000.00Operating adjustments reconciliation → Long-term accrued litigation liability: $404,102,000.00Operating adjustments reconciliation → Income taxes payable and other liabilities: $213,724,000.00Operating adjustments reconciliation → LIFO (credit) expense: $76,875,000.00Operating adjustments reconciliation → Other, net: $33,548,000.00Operating adjustments reconciliation → Accrued expenses: $21,131,000.00Operating adjustments reconciliation → (Gain) loss on remeasurement of equity investment: $14,058,000.00Operating adjustments reconciliation → Gain on divestiture of equity investment: $12,838,000.00Borrowings under revolving and securitization credit facilities → financing reconciliation: $132,134,224,000.00Senior notes and loan borrowings → financing reconciliation: $4,508,482,000.00Exercises of stock options → financing reconciliation: $29,133,000.00financing reconciliation → Net cash from financing activities: $2,249,114,000.00financing reconciliation → Repayments under revolving and securitization credit facilities: $132,166,423,000.00financing reconciliation → Senior notes and loan repayments: $1,280,615,000.00financing reconciliation → Cash dividends on common stock: $437,081,000.00financing reconciliation → Purchases of common stock: $435,471,000.00financing reconciliation → Employee tax withholdings related to restricted share vesting: $77,783,000.00financing reconciliation → Other, net: $25,352,000.00Net cash used in investing activities → investing reconciliation: $4,977,293,000.00Other, net → investing reconciliation: $17,374,000.00investing reconciliation → Cost of acquired companies, net of cash acquired: $4,095,630,000.00investing reconciliation → Capital expenditures: $667,981,000.00investing reconciliation → Cost of equity investments: $196,242,000.00investing reconciliation → Non-customer note receivable: $34,814,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $3,297,880,000.00Net cash from operating activities → Cash sources and uses: $3,875,120,000.00Net cash from financing activities → Cash sources and uses: $2,249,114,000.00Cash sources and uses → Exchange-rate effect: $50,272,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $4,394,549,000.00Cash sources and uses → Net cash used in investing activities: $4,977,293,000.00Net income: $1,567,814,000.00Net income+$1.57 BDepreciation, including amounts charged to cost of goods sold: $501,310,000.00Depreciation expense+$501.31 MAmortization, including amounts charged to interest expense: $567,106,000.00Amortization expense+$567.11 MProvision for credit losses: $63,306,000.00Credit loss provision+$63.31 MProvision (benefit) for deferred income taxes: $59,864,000.00Deferred income taxes+$59.86 MShare-based compensation expense: $147,963,000.00Stock-based compensation+$147.96 MLIFO (credit) expense: -$76,875,000.00Inventory reserve provision−$76.88 MImpairment of assets, including goodwill: $837,378,000.00Asset impairments+$837.38 MLoss (gain) on divestiture of businesses: $35,539,000.00Business sale gain & loss+$35.54 MTurkey highly inflationary impact: $55,519,000.00Türkiye inflationary impact+$55.52 M(Gain) loss on remeasurement of equity investment: -$14,058,000.00Equity remeasurement gain−$14.06 MOther, net: -$33,548,000.00Other non-cash items−$33.55 MAccounts receivable: -$1,923,411,000.00Accounts receivable−$1.92 BInventories: -$1,269,429,000.00Inventories−$1.27 BPrepaid expenses and other assets: $173,857,000.00Prepaid & other assets+$173.86 MAccounts payable: $3,693,364,000.00Accounts payable+$3.69 BIncome taxes payable and other liabilities: -$213,724,000.00Income taxes payable & other−$213.72 MLong-term accrued litigation liability: -$404,102,000.00Long-term litigation accrual−$404.10 MAccrued expenses: -$21,131,000.00Accrued liabilities−$21.13 MAdjustments - Equity units: $121,666,000.00Adjustments - Equity units+$121.67 MAdjustments - Contingent consideration: $19,550,000.00Adjustments - Contingent consideration+$19.55 MGain on divestiture of equity investment: -$12,838,000.00Investment sale gain & loss−$12.84 MNet cash from operating activities: $3,875,120,000.00Operating cash+$3.88 BOperating adjustments reconciliation: $6,276,422,000.00Senior notes and loan borrowings: $4,508,482,000.00Debt issued+$4.51 BSenior notes and loan repayments: -$1,280,615,000.00Long-term debt repaid−$1.28 BBorrowings under revolving and securitization credit facilities: $132,134,224,000.00Credit line borrowings+$132.13 BRepayments under revolving and securitization credit facilities: -$132,166,423,000.00Credit line repayments−$132.17 BPurchases of common stock: -$435,471,000.00Common stock repurchases−$435.47 MExercises of stock options: $29,133,000.00Stock option exercises+$29.13 MCash dividends on common stock: -$437,081,000.00Common dividends paid−$437.08 MEmployee tax withholdings related to restricted share vesting: -$77,783,000.00Stock-award tax withholding−$77.78 MOther, net: -$25,352,000.00Other financing, net−$25.35 MNet cash from financing activities: $2,249,114,000.00Financing cash+$2.25 Bfinancing reconciliation: $136,671,839,000.00Capital expenditures: -$667,981,000.00PP&E purchases−$667.98 MCost of acquired companies, net of cash acquired: -$4,095,630,000.00Acquisitions, net of cash−$4.10 BOther, net: $17,374,000.00Other investing, net+$17.37 MCost of equity investments: -$196,242,000.00Equity-method investments made−$196.24 MNon-customer note receivable: -$34,814,000.00Notes receivable issued−$34.81 MNet cash used in investing activities: -$4,977,293,000.00. Cash required to fund net payments.Investing cash−$4.98 Binvesting reconciliation: $4,994,667,000.00Cash sources and uses: $9,422,114,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $3,297,880,000.00Beginning cash$3.30 BEnding cash: Cash, cash equivalents, and restricted cash: $4,394,549,000.00Ending cash$4.39 BExchange-rate effect: -$50,272,000.00FX effect−$50.27 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$3.21 BOperating cash − cash spent on PP&ECash flow / Net income2.47×Operating cash flow ÷ net incomeNet cash change+$1.10 BEnding cash − beginning cash
Chart details

CENCORA, INC. cash flow reconciliation, Oct 1, 2024 through Sep 30, 2025

Cash flows for Oct 1, 2024 through Sep 30, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Sep 30, 2024. Ending cash: Sep 30, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Sep 30, 2024
3,297,880,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
3,875,120,000 US dollars. Net cash provided.
Net income
1,567,814,000 US dollars
Depreciation, including amounts charged to cost of goods sold
501,310,000 US dollars
Amortization, including amounts charged to interest expense
567,106,000 US dollars
Provision for credit losses
63,306,000 US dollars
Provision (benefit) for deferred income taxes
59,864,000 US dollars
Share-based compensation expense
147,963,000 US dollars
LIFO (credit) expense
negative 76,875,000 US dollars
Impairment of assets, including goodwill
837,378,000 US dollars
Loss (gain) on divestiture of businesses
35,539,000 US dollars
Turkey highly inflationary impact
55,519,000 US dollars
(Gain) loss on remeasurement of equity investment
negative 14,058,000 US dollars
Other, net
negative 33,548,000 US dollars
Accounts receivable
negative 1,923,411,000 US dollars
Inventories
negative 1,269,429,000 US dollars
Prepaid expenses and other assets
173,857,000 US dollars
Accounts payable
3,693,364,000 US dollars
Income taxes payable and other liabilities
negative 213,724,000 US dollars
Long-term accrued litigation liability
negative 404,102,000 US dollars
Accrued expenses
negative 21,131,000 US dollars
Adjustments - Equity units
121,666,000 US dollars
Adjustments - Contingent consideration
19,550,000 US dollars
Gain on divestiture of equity investment
negative 12,838,000 US dollars
Investing activities
negative 4,977,293,000 US dollars. Net cash used.
Capital expenditures
negative 667,981,000 US dollars
Cost of acquired companies, net of cash acquired
negative 4,095,630,000 US dollars
Other, net
17,374,000 US dollars
Cost of equity investments
negative 196,242,000 US dollars
Non-customer note receivable
negative 34,814,000 US dollars
Financing activities
2,249,114,000 US dollars. Net cash provided.
Senior notes and loan borrowings
4,508,482,000 US dollars
Senior notes and loan repayments
negative 1,280,615,000 US dollars
Borrowings under revolving and securitization credit facilities
132,134,224,000 US dollars
Repayments under revolving and securitization credit facilities
negative 132,166,423,000 US dollars
Purchases of common stock
negative 435,471,000 US dollars
Exercises of stock options
29,133,000 US dollars
Cash dividends on common stock
negative 437,081,000 US dollars
Employee tax withholdings related to restricted share vesting
negative 77,783,000 US dollars
Other, net
negative 25,352,000 US dollars
Operating adjustment reconciliation
6,276,422,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
136,671,839,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
4,994,667,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 50,272,000 US dollars
Ending cash on Sep 30, 2025
4,394,549,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
9,422,114,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,096,669,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.47×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
3,875,120,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
667,981,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
3,207,139,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $2.31B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 3,875,120,000 US dollars minus 667,981,000 US dollars equals 3,207,139,000 US dollars.
CENCORA, INC. (COR) FY2025 Annual Statement of Cash Flows Sankey chart
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