Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

AmerisourceBergen Corp., consolidated cash flow statement

US$ in thousands

12 months ended:	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Net income (loss)	1,666,540)	1,544,608)	(3,399,558)	854,135)	1,615,892)	364,484)
Depreciation, including amounts charged to cost of goods sold	390,643)	326,713)	290,744)	321,102)	318,483)	262,420)
Amortization, including amounts charged to interest expense	319,192)	188,073)	117,269)	176,410)	191,626)	169,911)
Provision for credit losses	26,053)	12,101)	11,912)	25,196)	16,660)	8,934)
Provision (benefit) for deferred income taxes	196,184)	334,866)	(1,544,971)	28,537)	(795,524)	319,069)
Share-based compensation expense	93,400)	99,594)	74,411)	58,874)	62,316)	62,206)
LIFO expense (credit)	67,171)	(203,028)	7,422)	(22,544)	67,324)	(157,782)
Impairment of assets, including goodwill	80,882)	31,697)	361,652)	570,000)	59,684)	—)
Gain on sale of businesses	(56,228)	—)	—)	—)	—)	(3,677)
Turkey highly inflationary impact	51,966)	—)	—)	—)	—)	—)
Gain on sale of an equity investment	—)	—)	—)	(13,692)	—)	—)
Gain on remeasurement of equity investment	(4,834)	(64,721)	—)	—)	—)	—)
Impairment of non-customer note receivable	—)	—)	—)	—)	30,000)	—)
Loss on consolidation of equity investments	—)	—)	—)	—)	42,328)	—)
Loss on early retirement of debt	—)	—)	22,175)	—)	23,766)	—)
Other, net	11,781)	29,361)	(3,044)	(23,193)	(19,078)	11,421)
Accounts receivable	(1,659,525)	(930,078)	(1,628,991)	(1,241,890)	(657,770)	(1,277,896)
Inventories	(665,370)	(1,116,344)	(1,621,143)	(167,990)	(4,923)	(431,454)
Income tax receivable	49,307)	266,552)	(482,569)	(2,834)	4,566)	—)
Prepaid expenses and other assets	102,708)	141,057)	28,050)	(3,899)	(61,777)	33,646)
Accounts payable	3,320,725)	2,049,167)	3,300,832)	1,561,048)	859,036)	1,473,389)
Accrued expenses	(457,233)	372,078)	524,021)	239,688)	(537,905)	661,174)
Income taxes payable and other liabilities	(330,079)	(178,120)	(50,115)	(14,925)	196,684)	8,293)
Long-term accrued litigation liability	(500,195)	(236,990)	6,198,943)	—)	—)	—)
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures	(139,662)	367,322)	6,269,028)	369,198)	(202,089)	467,152)
Adjustments to reconcile net income (loss) to net cash provided by operating activities	1,036,548)	1,121,978)	5,606,598)	1,489,888)	(204,504)	1,139,654)
Net cash provided by operating activities	2,703,088)	2,666,586)	2,207,040)	2,344,023)	1,411,388)	1,504,138)
Capital expenditures	(496,318)	(438,217)	(369,677)	(310,222)	(336,411)	(466,397)
Cost of acquired companies, net of cash acquired	(133,814)	(5,563,040)	—)	(63,951)	(785,299)	(61,648)
Cost of equity investments	(18,491)	(162,620)	(56,080)	—)	—)	(11,347)
Proceeds from sale of property and equipment	6,302)	14,439)	36,364)	1,295)	8,100)	—)
Proceeds from sale of businesses	272,586)	—)	—)	—)	—)	12,094)
Proceeds from sales of investment securities available-for-sale	—)	—)	—)	—)	—)	74,778)
Purchases of investment securities available-for-sale	—)	—)	—)	—)	—)	(48,635)
Other, net	1,298)	7,861)	9,522)	(2,954)	2,496)	3,114)
Net cash used in investing activities	(368,437)	(6,141,577)	(379,871)	(375,832)	(1,111,114)	(498,041)
Senior notes and other loan borrowings	155,189)	3,166,980)	599,480)	506,948)	1,314,430)	—)
Senior notes and other loan repayments	(1,238,954)	(835,313)	(598,452)	(510,863)	(681,001)	(750,000)
Borrowings under revolving and securitization credit facilities	4,832,605)	4,968,815)	116,946)	640,126)	25,129,704)	9,336,400)
Repayments under revolving and securitization credit facilities	(4,671,943)	(5,083,930)	(149,980)	(769,284)	(25,127,438)	(9,335,953)
Payment of premium on early retirement of debt	—)	—)	(21,448)	—)	(22,348)	—)
Purchases of common stock	(483,704)	(82,150)	(420,449)	(674,031)	(639,235)	(329,929)
Exercises of stock options	93,912)	198,750)	159,533)	76,234)	138,456)	102,923)
Cash dividends on common stock	(391,687)	(366,648)	(343,578)	(338,974)	(333,041)	(320,270)
Profarma retail equity offering	—)	—)	66,355)	—)	—)	—)
Tax withholdings related to restricted share vesting	(38,076)	(23,547)	(9,787)	(5,987)	(8,246)	(9,411)
Other, net	(10,122)	9,892)	(2,237)	(10,682)	(14,154)	(6,574)
Net cash provided by (used in) financing activities	(1,752,780)	1,952,849)	(603,617)	(1,086,513)	(242,873)	(1,312,814)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(57,850)	(3,725)	—)	—)	—)	—)
Increase (decrease) in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale	524,021)	(1,525,867)	1,223,552)	881,678)	57,401)	(306,717)
Increase in cash classified within assets held for sale	(610)	(1,751)	—)	—)	—)	—)
Increase (decrease) in cash and cash equivalents	523,411)	(1,527,618)	1,223,552)	881,678)	57,401)	(306,717)
Cash, cash equivalents, and restricted cash at beginning of year	3,070,128)	4,597,746)	3,374,194)	2,492,516)	2,435,115)	2,741,832)
Cash, cash equivalents, and restricted cash at end of year	3,593,539)	3,070,128)	4,597,746)	3,374,194)	2,492,516)	2,435,115)

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	AmerisourceBergen Corp. net cash provided by operating activities increased from 2020 to 2021 and from 2021 to 2022.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	AmerisourceBergen Corp. net cash used in investing activities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	AmerisourceBergen Corp. net cash provided by (used in) financing activities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.

AmerisourceBergen Corp. (NYSE:ABC)

Cash Flow Statement