Upon the consummation of the Merger, we assumed obligations related to certain tax receivable agreements (collectively, the “tax receivable agreements”) entered into by the Joint Venture with its current and former owners. Depending on whether the respective tax receivable agreements were assumed as part of the Merger or became effective as result of the Merger, the liabilities related to the tax receivable agreements are subject to differing accounting models as explained below.

Under the tax receivable agreements assumed in connection with the Merger, we are obligated to make payments to certain parties to the tax receivable agreements as well as to affiliates of The Blackstone Group, Inc., some of whom are considered related parties. The cash payments made are equal to 85% of the applicable cash savings realized or expected to be realized for the applicable tax receivable agreements. As a portion of the payments are due to current owners, we have separately presented the estimated aggregated payments due to related parties in future fiscal years in the table below.

In connection with the closing of the Merger, we, along with the Joint Venture, the subsidiaries of McKesson that served as members of the Joint Venture and McKesson entered into a tax receivable agreement (the “McKesson Tax Receivable Agreement”). The McKesson Tax Receivable Agreement generally requires payment to affiliates of McKesson of 85% of certain cash tax savings realized (or, in certain circumstances, deemed to be realized) in periods ending on or after the date on which McKesson ceases to own at least 20% of the Joint Venture as a result of (i) certain amortizable tax basis in assets transferred to the Joint Venture at the Contribution Agreement Closing and (ii) imputed interest deductions and certain other tax attributes arising from payments under the McKesson Tax Receivable Agreement.

Based on facts and circumstances at March 31, 2022, we estimate the aggregate payments due under our tax receivable agreements in future fiscal years to be as follows:


	Related Party ‎Tax Receivable Agreements		McKesson ‎Tax Receivable Agreement		Other ‎Tax Receivable Agreements		Total
2023	$	13,057	$	25,042	$	11,660	$	49,759
2024		29,560		15,092		15,120		59,772
2025		29,055		38,184		14,528		81,767
2026		48,559		16,108		19,868		84,535
2027		8,620		32,093		9,359		50,072
Thereafter		41,037		34,950		37,164		113,151
Gross expected payments		169,888		161,469		107,699		439,056
Less: Amounts representing discount		(51,968)		—		(29,704)		(81,672)
Total tax receivable agreement obligations		117,920		161,469		77,995		357,384
Less: Current portion due		(13,057)		(25,042)		(11,660)		(49,759)
Tax receivable agreement long-term obligations	$	104,863	$	136,427	$	66,335	$	307,625