Cardinal Health, Inc.

NYSE-CAH

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	751	818	495	358	350	-19
Net Earnings
Earnings from Discontinued Operations, Net of Tax
Earnings from Continuing Operations
Depreciation & Amortization	416	374	363	347	351	341
Depreciation and Amortization
Stock Based Compensation	184	60	64	57	48	48
Share-Based Compensation
Other Adjustments	285	32	3	565	346	922
Impairments and Loss on Sale of Other Investments
Impairments and Loss on Disposal of Assets, Net
Gain on Sale of Equity Interest in naviHealth
Income on Early Extinguishment of Debt
Gain on Sale of Other Investments
Provision for Deferred Income Taxes
Provision for Bad Debts
Change in Fair Value of Contingent Consideration Obligation
Changes in Trade Receivables	-580	-253	-516	-480	-31	-919
Change in Trade Receivables
Changes in Inventories	151	-1,967	3,564	-2,449	1,231	-1,643
Change in Inventories
Changes in Accounts Payable	3,202	-470	-2,529	4,353	-138	2,954
Change in Accounts Payable
Changes in Other Operating Activities	35	-641	609	-1,042	67	-1,064
Other Accrued Liabilities and Operating Items, Net
Cash from Operating Activities	4,444	-2,047	2,055	1,707	2,224	620

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Capital Expenditure	-358	-189	-305	-206	-326	-155
Additions to Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	-2	2	-2	2	-2	2
Proceeds from Disposal of Property and Equipment
Purchases of Investments	3	-3	-548	-2	5	-5
Purchases of Investments
Purchase of Short-Term Time Deposits
Proceeds from Sale of Investments	-2	202	349	1	-1	1
Proceeds from Investments
Proceeds from Maturities of Available-for-Sale Securities and Held-to-Maturity Securities
Proceeds from Maturities of Available-for-Sale Securities
Proceeds from Short-Term Investment in Time Deposit
Payments for Business Acquisitions	-4,174	-1,076	-1,190	—	-10	—
Acquisition of Subsidiaries, Net of Cash Acquired
Proceeds from Business Divestments	-2	2	-9	9	—	—
Proceeds from Divestitures, Net of Cash Sold, and Disposal of Property and Equipment
Other Investing Activities	2	—	24	28	37	—
Proceeds from Net Investment Hedge Terminations
Other Investing Items, Net
Cash from Investing Activities	-4,529	-1,064	-1,681	-168	-297	-157

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Issuance of Long-Term Debt	800	2,869	1,139	—	—	—
Proceeds from Long-Term Obligations, Net of Issuance Costs
Repayments of Long-Term Debt	-22	-423	-768	-15	-566	-13
Reduction of Long-Term Obligations
Net Issuance / (Repayments) of Long-Term Debt	778	2,446	371	-15	-566	-13
Issuance of Common Shares	—	—	—	—	—	—
Net Proceeds from Issuance of Common Shares
Repurchases of Common Shares	-375	-390	—	-750	-750	-1,250
Purchase of Treasury Shares
Net Issuance / (Repurchases) of Common Shares	-375	-390	—	-750	-750	-1,250
Common Share Dividends Paid	-244	-250	-244	-255	-254	-271
Dividends on Common Shares
Other Financing Activities	-10	-15	45	1	44	9
Payment of Contingent Consideration Obligation
Net Change in Short-Term Borrowings
Purchases of Noncontrolling Interests, Net
Proceeds from Interest Rate Swap Terminations
Net Tax Withholding from Share-Based Compensation
Tax Proceeds from Share-Based Compensation
Excess Tax Benefits from Share-Based Compensation
Cash from Financing Activities	149	1,791	172	-1,019	-1,526	-1,525