Income StatementBalance SheetCash FlowSegments
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McKesson Cash Flow Statement

Operating, investing, and financing cash movements

McKesson generated $6.2B in operating cash flow over the trailing twelve months. After $436.0M in capital expenditures, free cash flow was $5.7B. Free cash flow increased 0.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$6.2BNet Cash From Investing (TTM)-$4.1BNet Cash From Financing (TTM)-$4.6BCapital Expenditures (TTM)$436.0MDepreciation And Amortization Cf (TTM)$249.0MNet Change In Cash (TTM)$1.8B
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$93.3B
P/E Ratio19.59
ROE-224.31%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$2.0M$21.0M$3.4B$30.0M$23.0M$4.0M
Capital expenditures$126.0M$169.0M$111.0M$106.0M$108.0M$111.0M
Payment for (Proceeds from) Other Investing Activity$7.3M$7.3M$25.3M$25.3M$25.3M$25.3M
Payments to Acquire Software$80.5M$80.5M$77.3M$77.3M$77.3M$77.3M
Proceeds From Divestiture Of Businesses And Interests In Affiliates$44.8M$44.8M$207.5M$207.5M$207.5M$207.5M
Net cash from investing activities-$136.0M-$224.0M-$3.6B-$24.0M-$269.0M—
Other investing activities-$72.0M$21.0M$20.0M-$73.0M$75.0M—
Proceeds from sale of businesses-$10.0M$96.0M$4.0M$129.0M$4.0M—
Purchases of intangible assets$70.0M$109.0M$78.0M$90.0M$67.0M—

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable-$3.5B$5.6B$1.9B$3.2B-$279.0M—
Change in income taxes payable/receivable-$143.0M—$134.0M-$13.0M$63.0M—
Change in inventories-$176.0M—$2.0B$1.2B$899.0M—
Change in operating lease liabilities-$109.0M-$99.0M-$89.0M-$63.0M-$50.0M—
Other working capital changes-$450.0M$323.0M$165.0M$60.0M-$827.0M—
Change in receivables$565.0M$0.0$2.1B$207.0M-$166.0M$0.0
Deferred income taxes-$25.0M$260.0M$8.0M$33.0M-$49.0M—
Depreciation and amortization$58.0M$60.0M$62.0M$62.0M$65.0M—
Gain (loss) on sale of assets-$660.0M—-$17.0M$102.0M$0.0—
Impairment charges$7.0M$15.0M$2.0M$2.0M$6.0M—
Net cash from operating activities-$2.4B$7.7B-$918.0M$2.4B$1.2B$3.4B
Net income$928.0M$1.3B$831.0M$1.2B$1.3B$1.9B
Amortization$98.5M$98.5M$118.3M$118.3M$118.3M$118.3M
Depreciation$60.5M$60.5M$64.0M$64.0M$64.0M$64.0M
Gain (Loss) on Disposition of Other Assets-$121.3M-$121.3M$143.3M$143.3M$143.3M$143.3M
Income and other taxes-$34.0M-$34.0M-$84.8M-$84.8M-$84.8M-$84.8M
Increase (Decrease) in Deferred Income Taxes$27.5M$27.5M-$57.5M-$57.5M-$57.5M-$57.5M
Litigation liabilities$0.0-$15.0M$0.0-$657.0M-$12.0M-$15.0M
Operating lease liabilities-$101.0M-$101.0M-$67.5M-$67.5M-$67.5M-$67.5M
Charges (credits) associated with last-in, first-out inventory method$89.0M$0.0-$7.0M-$11.0M-$10.0M-$182.0M
Impairment of assets and other charges$24.5M$24.5M$13.8M$13.8M$13.8M$13.8M
Other Noncash Income (Expense)-$106.0M-$106.0M-$75.5M-$75.5M-$75.5M-$75.5M
Accounts Receivable, Credit Loss Expense (Reversal)-$32.5M-$32.5M$25.0M$25.0M$25.0M$25.0M
Provision for credit losses$25.0M—$196.0M$36.0M-$151.0M—

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$0.0$0.0$2.0B$0.0$0.0$0.0
Repayments of debt$9.0M$9.0M$0.0$2.0M$1.2B$8.0M
Dividends paid$92.0M$91.0M$90.0M$89.0M$101.0M$101.0M
Proceeds from exercises of stock options and other stock issuances$25.3M$25.3M$22.3M$22.3M$22.3M$22.3M
Other, net-$138.5M-$138.5M-$93.0M-$93.0M-$93.0M-$93.0M
Proceeds from issuance of commercial paper and other short-term borrowings$3.8B$3.8B$2.3B$2.3B$2.3B$2.3B
Repayments of Short-Term Debt$3.8B$3.8B$2.3B$2.3B$2.3B$2.3B
Net cash from financing activities$1.3B-$2.9B$1.2B-$961.0M-$2.0B-$2.8B
Other financing activities-$218.0M-$58.0M-$165.0M-$80.0M-$63.0M—
Proceeds from issuance of common stock$19.0M$28.0M$22.0M$28.0M$15.0M—
Repurchases of common stock$827.0M$300.0M$581.0M$818.0M$680.0M$2.7B

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow-$2.5B$7.6B-$1.0B$2.3B$1.1B$3.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$22.0M—$33.0M-$9.0M$7.0M—
Net increase (decrease) in cash-$1.2B$4.7B-$3.3B$1.4B-$1.1B—
Operating Lease Expense$66.0M$66.0M$70.0M$70.0M$44.0M$77.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$68.3M$68.3M$53.0M$53.0M$53.0M$53.0M
Income Taxes Paid, Net$281.0M$281.0M$302.8M$302.8M$302.8M$302.8M