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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income $ 843 $ 1,121
Adjustments to reconcile to net cash provided by (used in) operating activities:    
Depreciation 148 154
Amortization 265 285
Goodwill and long-lived asset impairment charges 127 104
Deferred taxes (18) (35)
Credits associated with last-in, first-out inventory method (46) (104)
Non-cash operating lease expense 152 172
Loss (gain) from sales of businesses and investments (101) 1
European businesses held for sale 470 0
Other non-cash items 381 17
Changes in assets and liabilities, net of acquisitions:    
Receivables (2,311) 981
Inventories (1,164) (1,396)
Drafts and accounts payable 1,431 (1,305)
Operating lease liabilities (186) (185)
Taxes 40 (58)
Litigation liabilities 151 0
Other (12) 207
Net cash provided by (used in) operating activities 170 (41)
INVESTING ACTIVITIES    
Payments for property, plant, and equipment (186) (174)
Capitalized software expenditures (93) (91)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired (4) (8)
Proceeds from sales of businesses and investments, net 179 9
Other (53) (14)
Net cash used in investing activities (157) (278)
FINANCING ACTIVITIES    
Proceeds from short-term borrowings 3,020 5,303
Repayments of short-term borrowings (3,020) (5,303)
Proceeds from issuances of long-term debt 498 0
Repayments of long-term debt (1,636) (5)
Payments for debt extinguishments (184) 0
Common stock transactions:    
Issuances 111 39
Share repurchases (1,272) (248)
Dividends paid (134) (140)
Exercise of put right by noncontrolling shareholders of McKesson Europe AG (1,031) (49)
Other (246) 2
Net cash used in financing activities (3,894) (401)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 18 (63)
Net decrease in cash, cash equivalents, and restricted cash (3,863) (783)
Cash, cash equivalents, and restricted cash at beginning of period 6,396 4,023
Cash, cash equivalents, and restricted cash at end of period 2,533 3,240
Less: Restricted cash at end of period included in Prepaid expenses and other (382) (149)
Cash and cash equivalents at end of period $ 2,151 $ 3,091