McKesson Corporation
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $4.76B | $3.30B | $3.00B | $3.56B | $1.11B | $-4.54B | $900.0M | $34.0M |
| Depreciation & Amortization | $287.0M | $272.0M | $279.0M | $272.0M | $312.0M | $344.0M | $335.0M | $317.0M |
| Depreciation | $256.0M | $242.0M | $253.0M | $248.0M | $279.0M | $321.0M | $321.0M | $317.0M |
| Amortization | $276.0M | $226.0M | $249.0M | $236.0M | $332.0M | $422.0M | $462.0M | $485.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $6.16B | $6.09B | $4.31B | $5.16B | $4.43B | $4.54B | $4.37B | $4.04B |
| Investing Activities | ||||||||
| Capital Expenditures | $436.0M | $537.0M | $431.0M | $390.0M | $388.0M | $451.0M | $362.0M | $426.0M |
| Business Acquisitions | $3.42B | $24.0M | $272.0M | $867.0M | $6.0M | $35.0M | $133.0M | $905.0M |
| Net Cash from Investing Activities | $-3.43B | $-733.0M | $-1.07B | $-542.0M | $-89.0M | $-415.0M | $-579.0M | $-1.38B |
| Financing Activities | ||||||||
| Dividends Paid | $381.0M | $345.0M | $314.0M | $292.0M | $277.0M | $276.0M | $294.0M | $292.0M |
| Stock Repurchases | $4.75B | $3.15B | $3.03B | $3.64B | $3.52B | $742.0M | $1.93B | $1.64B |
| Net Cash from Financing Activities | $-4.63B | $-3.97B | $-3.34B | $-4.37B | $-6.32B | $-1.69B | $-2.73B | $-2.23B |
| Net Change in Cash | $-1.89B | $1.37B | $-94.0M | $744.0M | $-2.46B | $2.37B | $1.04B | $309.0M |
| Free Cash Flow | $5.72B | $5.55B | $3.88B | $4.77B | $4.05B | $4.09B | $4.01B | $3.61B |