For the quarter ending 2025-12-31, MCK had -$1,056M decrease in cash & cash equivalents over the period. $1,124M in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| Net income | 1,250 | 1,163 | 831 | 1,306 |
| Depreciation | 65 | 62 | 62 | 60 |
| Amortization | 123 | 126 | 95 | 91 |
| Asset impairment charges | 6 | 2 | 2 | 15 |
| Deferred taxes | -49 | 33 | 8 | 260 |
| Charges (credits) associated with last-in, first-out inventory method | -10 | -11 | -7 | -3 |
| Non-cash operating lease expense | 44 | 70 | 70 | 66 |
| Loss (gain) from sales of businesses and investments | 0 | 102 | -17 | 86 |
| Canadian businesses held for sale | - | 0 | - | - |
| Provision for bad debts | -151 | 36 | 196 | 14 |
| Other non-cash items | -40 | -112 | -57 | -213 |
| Receivables | -166 | 207 | 2,089 | -129 |
| Inventories | 899 | 1,228 | 1,971 | -864 |
| Drafts and accounts payable | -279 | 3,223 | 1,947 | 5,624 |
| Operating lease liabilities | -50 | -63 | -89 | -99 |
| Taxes | 63 | -13 | 134 | 152 |
| Litigation liabilities | -12 | -657 | 0 | -15 |
| Other | -827 | 60 | 165 | 323 |
| Net cash provided by (used in) operating activities | 1,232 | 2,420 | -918 | 7,748 |
| Payments for property, plant, and equipment | 108 | 106 | 111 | 169 |
| Capitalized software expenditures | 67 | 90 | 78 | 109 |
| Acquisitions, net of cash, cash equivalents, and restricted cash acquired | 23 | 30 | 3,359 | 21 |
| Proceeds from sales of businesses and investments, net | 4 | 129 | 4 | 96 |
| Other | 75 | -73 | 20 | 21 |
| Net cash used in investing activities | -269 | -24 | -3,564 | -224 |
| Proceeds from short-term borrowings | 0 | 2,275 | 0 | 3,691 |
| Repayments of short-term borrowings | 0 | 2,275 | 0 | 6,116 |
| Proceeds from issuances of long-term debt | 0 | 0 | 1,990 | 0 |
| Repayments of long-term debt | 1,197 | 2 | - | 9 |
| Purchase of u.s. government obligations for the satisfaction and discharge of long-term debt | - | - | - | 0 |
| Issuances | 15 | 28 | 22 | 28 |
| Share repurchases | 680 | 818 | 581 | 300 |
| Dividends paid | 101 | 89 | 90 | 91 |
| Other | -63 | -80 | -165 | -58 |
| Net cash used in financing activities | -2,026 | -961 | 1,176 | -2,855 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 7 | -9 | 33 | 5 |
| Change in cash, cash equivalents, and restricted cash classified as assets held for sale | - | 0 | - | 14 |
| Net decrease in cash, cash equivalents, and restricted cash | -1,056 | 1,426 | -3,273 | 4,674 |
| Cash and cash equivalents at beginning of period | 4,109 | 2,683 | 5,956 | 1,282 |
| Cash and cash equivalents at end of period | 3,053 | 4,109 | 2,683 | 5,956 |
MCKESSON CORP (MCK)
MCKESSON CORP (MCK)