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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES      
Net income (loss) $ 3,722 $ 1,287 $ (4,340)
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation 248 279 321
Amortization 360 481 566
Goodwill and long-lived asset impairment charges 72 175 242
Deferred taxes (20) 34 (908)
Charges (credits) associated with last-in, first-out inventory method 1 (23) (38)
Non-cash operating lease expense 249 241 334
Gain from sales of businesses and investments (211) (132) (9)
European businesses held for sale 0 1,509 0
Other non-cash items 298 501 188
Changes in assets and liabilities, net of acquisitions:      
Receivables (1,082) (1,843) 1,145
Inventories (1,259) (1,169) (2,276)
Drafts and accounts payable 3,788 2,802 1,267
Operating lease liabilities (338) (356) (362)
Taxes 363 243 (166)
Litigation liabilities (1,088) 199 8,067
Other 56 206 511
Net cash provided by operating activities 5,159 4,434 4,542
INVESTING ACTIVITIES      
Payments for property, plant, and equipment (390) (388) (451)
Capitalized software expenditures (168) (147) (190)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired (867) (6) (35)
Proceeds from sales of businesses and investments, net 1,077 578 400
Other (194) (126) (139)
Net cash used in investing activities (542) (89) (415)
FINANCING ACTIVITIES      
Proceeds from short-term borrowings 8,450 11,192 6,323
Repayments of short-term borrowings (8,450) (11,192) (6,323)
Proceeds from issuances of long-term debt 997 498 500
Repayments of long-term debt (1,274) (1,648) (1,040)
Payments for debt extinguishments 0 (184) 0
Common stock transactions:      
Issuances 163 220 92
Share repurchases (3,638) (3,516) (742)
Dividends paid (292) (277) (276)
Exercise of put right by noncontrolling shareholders of McKesson Europe AG 0 (1,031) (49)
Other (324) (383) (178)
Net cash used in financing activities (4,368) (6,321) (1,693)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 25 55 (61)
Cash, cash equivalents, and restricted cash classified within Assets held for sale 470 (540) 0
Net increase (decrease) in cash, cash equivalents, and restricted cash 744 (2,461) 2,373
Cash, cash equivalents, and restricted cash at beginning of year 3,935 6,396 4,023
Cash, cash equivalents, and restricted cash at end of year 4,679 3,935 6,396
Less: Restricted cash at end of period included in Other Noncurrent Assets      
Less: Restricted cash at end of year included in Prepaid expenses and other (1) (403) (118)
Cash and cash equivalents at end of year 4,678 3,532 6,278
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest, net 224 186 220
Income taxes, net of refunds $ 562 $ 359 $ 379