Skip to content
OpenCapital
Get started
Income StatementBalance SheetCash FlowSegments
McKesson logo

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)$379.0M
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$94.6B
P/E Ratio19.87
ROE-224.31%

Operating

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Other non-cash income (expense)-$37M-$213M-$57M-$112M-$40M-$93M
Other non-cash income (expense)-$37M-$213M-$57M-$112M-$40M-$93M
Change in accounts payable—$5.6B$1.9B$3.2B——
Change in income taxes payable/receivable-$143M—$134M—$63M—
Change in inventories——$2B$1.2B$899M—
Change in operating lease liabilities-$109M-$99M-$89M-$63M-$50M—
Other working capital changes-$450M$323M$165M$60M-$827M—
Change in receivables$565M$0$2.1B$207M——
Benefit from Receivables——$196M$36M—$19M
Deferred income taxes-$25M$260M$8M$33M-$49M—
Depreciation and amortization$58M$60M$62M$62M$65M—
Gain (loss) on sale of assets-$660M—-$17M$102M——
Impairment charges$7M$15M$2M$2M$6M—
Other Non-Cash Income (Expense)-$37M-$213M-$57M-$112M-$40M-$93M
Other Non-cash Income (Expense)-$37M-$213M-$57M-$112M-$40M-$93M
Other Non-cash Income (Expense)-$37M-$213M-$57M-$112M-$40M-$93M
Net cash from operating activities-$2.4B$7.7B-$918M$2.4B$1.2B$3.4B
Net income$928M$1.3B$831M$1.2B$1.3B$1.9B
Other non-cash income (expense)-$37M-$213M-$57M-$112M-$40M-$93M
Amortization$95M$91M$95M$126M$123M$129M
Depreciation$58M$60M$62M$62M$65M$67M
Gain (Loss) on Disposition of Other Assets-$660M—-$17M$102M$0$488M
Income and other taxes-$143M—$134M-$13M$63M-$523M
Increase (Decrease) in Deferred Income Taxes-$25M$260M$8M$33M-$49M-$222M
Litigation liabilities$0-$15M$0-$657M-$12M-$15M
Operating lease liabilities-$109M-$99M-$89M-$63M-$50M-$68M
Charges (credits) associated with last-in, first-out inventory method$89M$0-$7M-$11M-$10M-$182M
Impairment of assets and other charges$7M$15M$2M$2M$6M$45M
Other Noncash Income (Expense)-$37M-$213M-$57M-$112M-$40M-$93M
Accounts Receivable, Credit Loss Expense (Reversal)——$196M$36M—$19M
Other Non-cash Income and Expense-$37M-$213M-$57M-$112M-$40M-$93M
Other Non-Cash Adjustments-$37M-$213M-$57M-$112M-$40M-$93M
Other Non-Cash Income and Expense-$37M-$213M-$57M-$112M-$40M-$93M
Provision for credit losses——$196M$36M——

Investing

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Acquisitions, net of cash acquired$2M$21M$3.4B$30M$23M$4M
Capital expenditures$126M$169M$111M$106M$108M$111M
Payment for (Proceeds from) Other Investing Activity—$21M$20M-$73M$75M$79M
Payments to Acquire Software$70M$109M$78M$90M$67M$74M
Proceeds From Divestiture Of Businesses And Interests In Affiliates$0$96M$4M$129M$4M$693M
Net cash from investing activities-$136M-$224M-$3.6B-$24M-$269M—
Other investing activities—$21M$20M-$73M$75M—
Proceeds from sale of businesses$0$96M$4M$129M$4M—
Purchases of intangible assets$70M$109M$78M$90M$67M—

Financing

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Proceeds from issuance of debt——$2B———
Repayments of debt$9M$9M$0$2M$1.2B$8M
Dividends paid$92M$91M$90M$89M$101M$101M
Proceeds from exercises of stock options and other stock issuances$19M$28M$22M$28M$15M$24M
Other, net-$218M-$58M-$165M-$80M-$63M-$64M
Proceeds from issuance of commercial paper and other short-term borrowings$4.5B$3.7B$0$2.3B$0$7B
Repayments of Short-Term Debt$2.1B$6.1B$0$2.3B$0$7B
Proceeds from Issuance of Commercial Paper and Short-Term Borrowings$4.5B$3.7B$0$2.3B$0$7B
Payment of Deferred Purchase Consideration-$218M-$58M-$165M-$80M-$63M-$64M
Noncontrolling interest transactions and other-$218M-$58M-$165M-$80M-$63M-$64M
Net cash from financing activities—-$2.9B$1.2B-$961M-$2B-$2.8B
Other financing activities-$218M-$58M-$165M-$80M-$63M—
Noncontrolling Interests Activity and Other-$218M-$58M-$165M-$80M-$63M-$64M
Proceeds from issuance of common stock$19M$28M$22M$28M$15M—
Proceeds from Commercial Paper and Secured Lines of Credit$4.5B$3.7B$0$2.3B$0$7B
Repurchases of common stock$827M$300M$581M$818M$680M$2.7B

Free Cash Flow

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Free cash flow-$2.5B$7.6B-$1B$2.3B$1.1B$3.3B

Other

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Effect of exchange rate changes on cash-$22M—$33M—$7M—
Net increase (decrease) in cash-$1.2B$4.7B-$3.3B—-$1.1B—
Operating Lease Expense$66M$66M$70M$70M$44M$77M

Supplemental

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Interest paid$68.3M$68.3M$53M$53M$53M$53M
Income Taxes Paid, Net$281M$281M$302.8M$302.8M$302.8M$302.8M