McKESSON CORPORATION (MCK) FY2025 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-04-01 to 2025-03-31

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McKESSON CORPORATION cash flow reconciliation, Apr 1, 2024 through Mar 31, 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: $3,481,000,000.00Drafts and accounts payable → Operating adjustments reconciliation: $8,301,000,000.00Loss (gain) from sales of businesses and investments → Operating adjustments reconciliation: $485,000,000.00Other non-cash items → Operating adjustments reconciliation: $424,000,000.00Amortization → Operating adjustments reconciliation: $394,000,000.00Non-cash operating lease expense → Operating adjustments reconciliation: $245,000,000.00Depreciation → Operating adjustments reconciliation: $242,000,000.00Long-lived asset impairment charges → Operating adjustments reconciliation: $98,000,000.00Charges (credits) associated with last-in, first-out inventory method → Operating adjustments reconciliation: $82,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $2,604,000,000.00Operating adjustments reconciliation → Receivables: $3,935,000,000.00Operating adjustments reconciliation → Inventories: $2,270,000,000.00Operating adjustments reconciliation → Operating lease liabilities: $404,000,000.00Operating adjustments reconciliation → Litigation liabilities: $401,000,000.00Operating adjustments reconciliation → Other: $281,000,000.00Operating adjustments reconciliation → Taxes: $136,000,000.00Operating adjustments reconciliation → Provision for bad debts: $130,000,000.00Operating adjustments reconciliation → Deferred taxes: $110,000,000.00Proceeds from sales of businesses and investments, net → investing reconciliation: $179,000,000.00investing reconciliation → Payments for property, plant, and equipment: $537,000,000.00investing reconciliation → Capitalized software expenditures: $322,000,000.00investing reconciliation → Other: $29,000,000.00investing reconciliation → Acquisitions, net of cash, cash equivalents, and restricted cash acquired: $24,000,000.00Net cash used in financing activities → financing reconciliation: $3,965,000,000.00Proceeds from short-term borrowings → financing reconciliation: $15,086,000,000.00Proceeds from issuances of long-term debt → financing reconciliation: $498,000,000.00Issuances → financing reconciliation: $101,000,000.00financing reconciliation → Repayments of short-term borrowings: $15,086,000,000.00financing reconciliation → Share repurchases: $3,146,000,000.00financing reconciliation → Other: $554,000,000.00financing reconciliation → Repayments of long-term debt: $519,000,000.00financing reconciliation → Dividends paid: $345,000,000.00Net cash used in investing activities → investing reconciliation: $733,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $4,585,000,000.00Net cash from operating activities → Cash sources and uses: $6,085,000,000.00Cash sources and uses → Exchange-rate effect: $16,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $5,956,000,000.00Cash sources and uses → Net cash used in investing activities: $733,000,000.00Cash sources and uses → Net cash used in financing activities: $3,965,000,000.00Loss (gain) from sales of businesses and investments: $485,000,000.00Other asset gain & loss+$485.00 MDeferred taxes: -$110,000,000.00Deferred tax balances−$110.00 MOther non-cash items: $424,000,000.00Other non-cash items+$424.00 MLong-lived asset impairment charges: $98,000,000.00Other asset impairments+$98.00 MReceivables: -$3,935,000,000.00Receivables, net−$3.94 BDrafts and accounts payable: $8,301,000,000.00Accounts payable+$8.30 BOther: -$281,000,000.00Other working capital, net−$281.00 MDepreciation: $242,000,000.00Depreciation expense+$242.00 MInventories: -$2,270,000,000.00Inventories−$2.27 BLitigation liabilities: -$401,000,000.00Litigation liabilities−$401.00 MCharges (credits) associated with last-in, first-out inventory method: $82,000,000.00Inventory reserve provision+$82.00 MAmortization: $394,000,000.00Amortization expense+$394.00 MNet income: $3,481,000,000.00Net income+$3.48 BNon-cash operating lease expense: $245,000,000.00Non-cash lease expense+$245.00 MTaxes: -$136,000,000.00Accrued taxes−$136.00 MOperating lease liabilities: -$404,000,000.00Operating lease liabilities−$404.00 MProvision for bad debts: -$130,000,000.00Credit loss provision−$130.00 MNet cash from operating activities: $6,085,000,000.00Operating cash+$6.09 BOperating adjustments reconciliation: $10,271,000,000.00Repayments of short-term borrowings: -$15,086,000,000.00Short-term debt repaid−$15.09 BShare repurchases: -$3,146,000,000.00Common stock repurchases−$3.15 BIssuances: $101,000,000.00Employee stock plans & options+$101.00 MRepayments of long-term debt: -$519,000,000.00Long-term debt repaid−$519.00 MProceeds from issuances of long-term debt: $498,000,000.00Long-term debt issued+$498.00 MDividends paid: -$345,000,000.00Common dividends paid−$345.00 MOther: -$554,000,000.00Other financing, net−$554.00 MProceeds from short-term borrowings: $15,086,000,000.00Short-term debt issued+$15.09 BPurchase of U.S. government obligations for the satisfaction and discharge of long-term debt: $0.00Net cash used in financing activities: -$3,965,000,000.00. Cash required to fund net payments.Financing cash−$3.97 Bfinancing reconciliation: $19,650,000,000.00Capitalized software expenditures: -$322,000,000.00Software purchases−$322.00 MProceeds from sales of businesses and investments, net: $179,000,000.00Business & affiliate sales+$179.00 MPayments for property, plant, and equipment: -$537,000,000.00PP&E purchases−$537.00 MOther: -$29,000,000.00Other investing, net−$29.00 MAcquisitions, net of cash, cash equivalents, and restricted cash acquired: -$24,000,000.00Acquisitions, net of cash−$24.00 MNet cash used in investing activities: -$733,000,000.00. Cash required to fund net payments.Investing cash−$733.00 Minvesting reconciliation: $912,000,000.00Cash sources and uses: $10,670,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $4,585,000,000.00Beginning cash$4.59 BEnding cash: Cash, cash equivalents, and restricted cash: $5,956,000,000.00Ending cash$5.96 BExchange-rate effect: -$16,000,000.00FX effect−$16.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$5.55 BOperating cash − cash spent on PP&ECash flow / Net income1.75×Operating cash flow ÷ net incomeNet cash change+$1.37 BEnding cash − beginning cash
Chart details

McKESSON CORPORATION cash flow reconciliation, Apr 1, 2024 through Mar 31, 2025

Cash flows for Apr 1, 2024 through Mar 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2024. Ending cash: Mar 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2024
4,585,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
6,085,000,000 US dollars. Net cash provided.
Loss (gain) from sales of businesses and investments
485,000,000 US dollars
Deferred taxes
negative 110,000,000 US dollars
Other non-cash items
424,000,000 US dollars
Long-lived asset impairment charges
98,000,000 US dollars
Receivables
negative 3,935,000,000 US dollars
Drafts and accounts payable
8,301,000,000 US dollars
Other
negative 281,000,000 US dollars
Depreciation
242,000,000 US dollars
Inventories
negative 2,270,000,000 US dollars
Litigation liabilities
negative 401,000,000 US dollars
Charges (credits) associated with last-in, first-out inventory method
82,000,000 US dollars
Amortization
394,000,000 US dollars
Net income
3,481,000,000 US dollars
Non-cash operating lease expense
245,000,000 US dollars
Taxes
negative 136,000,000 US dollars
Operating lease liabilities
negative 404,000,000 US dollars
Provision for bad debts
negative 130,000,000 US dollars
Investing activities
negative 733,000,000 US dollars. Net cash used.
Capitalized software expenditures
negative 322,000,000 US dollars
Proceeds from sales of businesses and investments, net
179,000,000 US dollars
Payments for property, plant, and equipment
negative 537,000,000 US dollars
Other
negative 29,000,000 US dollars
Acquisitions, net of cash, cash equivalents, and restricted cash acquired
negative 24,000,000 US dollars
Financing activities
negative 3,965,000,000 US dollars. Net cash used.
Repayments of short-term borrowings
negative 15,086,000,000 US dollars
Share repurchases
negative 3,146,000,000 US dollars
Issuances
101,000,000 US dollars
Repayments of long-term debt
negative 519,000,000 US dollars
Proceeds from issuances of long-term debt
498,000,000 US dollars
Dividends paid
negative 345,000,000 US dollars
Other
negative 554,000,000 US dollars
Proceeds from short-term borrowings
15,086,000,000 US dollars
Purchase of U.S. government obligations for the satisfaction and discharge of long-term debt
0 US dollars
Operating adjustment reconciliation
10,271,000,000 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
19,650,000,000 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
912,000,000 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 16,000,000 US dollars
Ending cash on Mar 31, 2025
5,956,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
10,670,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,371,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.75×. 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
6,085,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
537,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
5,548,000,000 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 $2.60B 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: 6,085,000,000 US dollars minus 537,000,000 US dollars equals 5,548,000,000 US dollars.
McKESSON CORPORATION (MCK) FY2025 Annual Statement of Cash Flows Sankey chart
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