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McKesson cash flow statement

In fiscal 2026, McKesson's operations generated $6.16bn of cash; it spent $436m on capital projects, leaving free cash flow of $5.72bn. It returned $381m in dividends and $4.75bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Mar 20102011Mar 20112012Mar 20122013Mar 20132014Mar 20142015Mar 20152016Mar 20162017Mar 20172018Mar 20182019Mar 20192020Mar 20202021Mar 20212022Mar 20222023Mar 20232024Mar 20242025Mar 20252026Mar 2026LTMJun 2026
Cash from operations2,3162,3382,9502,4833,1363,1123,6724,7444,3454,0364,3744,5424,4345,1594,3146,0856,1556,853
Depreciation and amortisation4774964935817351,017885910951317335344312272279272287325
Stock-based pay1141371541671601741231156995119151161162182226247259
Capital spending199233221241278376488404405426362451388390431537436437
Free cash flow2,1172,1052,7292,2422,8582,7363,1844,3403,9403,6104,0124,0914,0464,7693,8835,5485,7196,416
Free cash flow after stock pay2,0031,9682,5752,0752,6982,5623,0614,2253,8713,5153,8933,9403,8854,6073,7015,3225,4726,157
Dividends paid131171195194214227244253262292294276277292314345381393
Share buybacks3232,0501,8741,2141304501,6122,3111,7091,6391,9347423,5163,6383,0253,1464,7506,699
Shares issued212367167———————————————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from McKesson's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to McKesson.