LESS: INCREASE IN CASH CLASSIFIED WITHIN ASSETS HELD FOR SALE

[Table of Contents](#i32a8eb453ae64b2aa3675ce71e11573e_7)AMERISOURCEBERGEN CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   |  | Nine months endedJune 30, |
| (in thousands) |  | 2022 |  | 2021 |
| OPERATING ACTIVITIES |  |   |  |  |
| Net income |  | $ | 1,367,864  |  |  | $ | 1,108,160  |  |
| Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
| Depreciation, including amounts charged to cost of goods sold |  | 292,325  |  |  | 237,854  |  |
| Amortization, including amounts charged to interest expense |  | 243,241  |  |  | 102,635  |  |
| Provision for credit losses |  | 20,123  |  |  | 13,533  |  |
| Provision for deferred income taxes |  | 57,063  |  |  | 303,637  |  |
| Share-based compensation expense |  | 76,960  |  |  | 81,465  |  |
| LIFO credit |  | (37,669) |  |  | (160,565) |  |
| Goodwill impairment |  | 75,936  |  |  | —  |  |
|  |  |  |  |  |
| Gain on sale of businesses |  | (59,973) |  |  | —  |  |
| Turkey highly inflationary impact |  | 33,424  |  |  | —  |  |
|  |  |  |  |  |
|  |  |  |  |  |
| Other, net |  | 3,198  |  |  | 21,394  |  |
| Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures: |  |  |  |  |
| Accounts receivable |  | (1,550,962) |  |  | (116,845) |  |
| Inventories |  | (712,849) |  |  | (594,708) |  |
|  |  |  |  |  |
| Income taxes receivable |  | 93,899  |  |  | 234,362  |  |
| Prepaid expenses and other assets |  | 59,694  |  |  | 86,540  |  |
| Accounts payable |  | 2,074,612  |  |  | 242,419  |  |
|  |  |  |  |  |
| Accrued expenses and other liabilities |  | (445,941) |  |  | 24,555  |  |
| Long-term accrued litigation liability |  | (52,327) |  |  | 72,333  |  |
|  |  |  |  |  |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |  | 1,538,618  |  |  | 1,656,769  |  |
| INVESTING ACTIVITIES |  |   |  |   |
| Capital expenditures |  | (322,732) |  |  | (273,407) |  |
| Cost of acquired companies, net of cash acquired |  | (124,158) |  |  | (5,536,717) |  |
| Cost of equity investments |  | —  |  |  | (162,620) |  |
| Proceeds from the sale of businesses |  | 258,082  |  |  | —  |  |
| Other, net |  | (4,899) |  |  | 2,516  |  |
| NET CASH USED IN INVESTING ACTIVITIES |  | (193,707) |  |  | (5,970,228) |  |
| FINANCING ACTIVITIES |  |   |  |   |
| Senior notes and other loan borrowings |  | 155,189  |  |  | 3,165,184  |  |
| Senior notes and other loan repayments |  | (827,894) |  |  | (550,345) |  |
| Borrowings under revolving and securitization credit facilities |  | 4,323,963  |  |  | 4,617,858  |  |
| Repayments under revolving and securitization credit facilities |  | (4,227,561) |  |  | (4,612,382) |  |
|  |  |  |  |  |
| Purchases of common stock |  | (248,422) |  |  | (82,150) |  |
| Exercises of stock options |  | 83,954  |  |  | 164,297  |  |
| Cash dividends on common stock |  | (295,239) |  |  | (274,041) |  |
| Employee tax withholdings related to restricted share vesting |  | (35,273) |  |  | (23,530) |  |
| Other, net |  | (8,036) |  |  | (7,435) |  |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES |  | (1,079,319) |  |  | 2,397,456  |  |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH |  | (33,056) |  |  | —  |  |
| INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, INCLUDING CASH CLASSIFIED WITHIN ASSETS HELD FOR SALE |  | 232,536  |  |  | (1,916,003) |  |
| LESS: INCREASE IN CASH CLASSIFIED WITHIN ASSETS HELD FOR SALE |  | (610) |  |  | —  |  |
| INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH |  | 231,926  |  |  | (1,916,003) |  |
| Cash, cash equivalents, and restricted cash at beginning of period |  | 3,070,128  |  |  | 4,597,746  |  |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD |  | $ | 3,302,054  |  |  | $ | 2,681,743  |  |

See notes to consolidated financial statements.7
