Screener / SEC EDGAR /CIK 0000721371 /10-K filed Aug 11, 2026, compared with Aug 12, 2025 /Numbers from the XBRL of the 10-Ks

NYSE Health care · Drug Wholesale

Cardinal Health CAH

New risk paragraphs 17 Not in last year's 10-K Accounting checks 0 worth reading about, of 11 checks Insider buys 0 open-market, last 90 days Filings 2 in the last 30 days

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Cash returned and share count, year to Jun 30, 2026

Bought back $1.4B of its own shares, 3.7× what it paid in stock

XBRL, latest 10-K

Buybacks $1.4B cash paid for its own shares

Paid in stock to employees $367.0M stock-based compensation

Share count, 1 year -2.1% fewer shares: each share owns more

Share count, 3 years -9.5% diluted average shares

New shares against shares bought back

Dilution: new shares, stock pay and buybacks · S-3 and 424B, 3 years; 10-K

Shares offered

Since Nov 15, 2023: 1 shelf registration; also 3 notes offerings.

Aug 12, 2025 Shelf registration: shares and other securities, amount not fixed S-3ASR

“DEBT SECURITIES UNITS Cardinal Health may offer and sell from time to time, together or separately, the following securities: (i) Class A common shares (“common shares”), (ii) preferred shares, (iii) unsecured debt securities, (iv) units, or (v) any combination of these securities.”
S-3ASR, Aug 12, 2025

Every offering filing

Paid in stock

$367.0M

stock-based pay, year to Jun 30, 2026

Bought back

$1.4B

cash paid for its own shares, year to Jun 30, 2026: 3.7× the stock pay

Diluted shares: 237.00M in the year to Jun 30, 2026 2026 -2.1%2025 -2.0%2024 -5.7%2023 -6.1%

Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. How

Net share count, 4 years

Shares, buybacks and stock pay, fiscal years 2022 to 2026 · 10-K XBRL

-15.1% shares

Share count -15.1% diluted average shares, 4 years to Jun 30, 2026, splits taken out

Bought back $4.9B cash paid for its own shares, summed over the 4 years

Paid in stock $828.0M stock-based compensation, summed over the same years

Fiscal year	Shares, change	Bought back	Paid in stock	Cash from shares sold
Jun 30, 2026	-2.1%	$1.4B	$367.0M	-
Jun 30, 2025	-2.0%	$765.0M	$244.0M	-
Jun 30, 2024	-5.7%	$750.0M	$121.0M	-
Jun 30, 2023	-6.1%	$2.0B	$96.0M	-

Each year's change is the diluted weighted average share count against the year before, with stock splits taken out; the headline change compares the two ends of the span on one basis. Buybacks and stock pay are added up over the same years. Buybacks that only offset stock pay leave the count flat: both are shown, no verdict. How

Where the cash came from and where it went

FY2024 to FY2026, from the cash flow statements in the 10-Ks, added up

Last year 3 years 5 years 10 years

The same cash, step by step

Came from

Operating cash flow NetCashProvidedByUsedInOperatingActivities, 0000721371-26-000038	$11.3B
Debt raised ProceedsFromIssuanceOfLongTermDebt, 0000721371-25-000079; ProceedsFromIssuanceOfLongTermDebt, 0000721371-26-000038	$5.0B
Other, net investments bought and sold, other financing and investing lines, and exchange rates	$783.0M

Went to

Capital spending PaymentsToAcquirePropertyPlantAndEquipment, 0000721371-26-000038	$1.7B
Acquisitions PaymentsToAcquireBusinessesNetOfCashAcquired, 0000721371-26-000038	$8.4B
Buybacks PaymentsForRepurchaseOfCommonStock, 0000721371-26-000038	$2.9B
Dividends PaymentsOfDividendsCommonStock, 0000721371-26-000038	$1.5B
Debt repaid RepaymentsOfLongTermDebt, 0000721371-26-000038	$1.9B
Added to cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000721371-26-000038	$780.0M

Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.

Where the operating cash went, year by year

FY2017 to FY2026 · cash flow statements, 10-K XBRL

10 years

Operating cash, added up $28.4B 10 fiscal years, FY2017 to FY2026

Reinvested 68% capital spending and acquisitions, as a share of that cash

Returned to owners 48% buybacks and dividends, as a share of that cash

Debt repaid $7.7B gross repayments added up; debt that was refinanced counts each time

Capital spendingAcquisitionsBuybacksDividendsDebt repaid Operating cash flow

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026

Fiscal year	Operating cash	Capital spending	Acquisitions	Buybacks	Dividends	Debt repaid
Jun 30, 2026	$5.2B	$649.0M	$2.0B	$1.4B	$491.0M	$653.0M
Jun 30, 2025	$2.4B	$547.0M	$5.2B	$765.0M	$494.0M	$445.0M
Jun 30, 2024	$3.8B	$511.0M	$1.2B	$750.0M	$499.0M	$783.0M
Jun 30, 2023	$2.8B	$481.0M	$10.0M	$2.0B	$525.0M	$579.0M
Jun 30, 2022	$3.2B	$387.0M	$22.0M	$1.0B	$559.0M	$885.0M
Jun 30, 2021	$2.4B	$400.0M	$3.0M	$200.0M	$573.0M	$570.0M
Jun 30, 2020	$2.0B	$375.0M	-	$350.0M	$569.0M	$1.4B
Jun 30, 2019	$2.7B	$328.0M	$82.0M	$600.0M	$577.0M	$1.1B
Jun 30, 2018	$2.8B	$384.0M	$6.1B	$550.0M	$581.0M	$954.0M
Jun 30, 2017	$1.2B	$387.0M	$132.0M	$600.0M	$577.0M	$310.0M
Added up	$28.4B	$4.4B 16% of operating cash	$14.8B 52% of operating cash	$8.2B 29% of operating cash	$5.4B 19% of operating cash	$7.7B 27% of operating cash

Each bar is one fiscal year; its colours add up to what the cash flow statement says the company spent on each line, and the line across it is that year's operating cash flow. Spending above the line was paid from new debt, shares sold or cash on hand. A bar part links to the 10-K it comes from. A line the company did not report is left out, not estimated, so the shares are of operating cash only and can add up to more or less than 100%. Debt repaid is the gross amount, so refinanced debt is counted each time it is repaid. A reading aid, not a grade: Tickdelta does not say whether a split was good. Banks and insurers are left out.

Buybacks, dividends and share count

Year by year · XBRL, each 10-K

Fiscal year to	Buybacks	Dividends	Stock pay	Shares issued for cash	Diluted shares
Jun 30, 2026	$1.4B	$491.0M	$367.0M	-	237.00M
Jun 30, 2025	$765.0M	$494.0M	$244.0M	-	242.00M
Jun 30, 2024	$750.0M	$499.0M	$121.0M	-	247.00M
Jun 30, 2023	$2.0B	$525.0M	$96.0M	-	262.00M
Jun 30, 2022	$1.0B	$559.0M	$81.0M	-	279.00M

From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividendsCommonStock; sbc = ShareBasedCompensation; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.

Dividend per share, year by year

Dividends · declared per share, each 10-K; cash paid, cash flow statement

Per share, FY2026 $2.04 declared in the fiscal year to Jun 30, 2026

Against the year before ▲+1.0% dividend per share

Years in a row raised 9 to FY2026, per share

Cash paid out $491.0M cash flow statement, FY2026

Years paid in a row 10+ fiscal years, to FY2026, every year on file, dividend per share above zero

Growth a year, FY2017 to FY2026 +1.4% $1.80 to $2.04 per share, 9 years

Declared since the 10-K: Sep 30, 2026 $0.5158

$1.91

$1.92

$1.94

$1.96

$1.98

$2.00

$2.02

$2.04

20192020202120222023202420252026

Fiscal year to	Per share	Against year before	Cash paid out
Jun 30, 2026	$2.04	▲+1.0%	$491.0M
Jun 30, 2025	$2.02	▲+1.0%	$494.0M
Jun 30, 2024	$2.00	▲+1.0%	$499.0M
Jun 30, 2023	$1.98	▲+1.0%	$525.0M
Jun 30, 2022	$1.96	▲+1.0%	$559.0M
Jun 30, 2021	$1.94	▲+1.0%	-
Jun 30, 2020	$1.92	▲+0.5%	-
Jun 30, 2019	$1.91	▲+3.2%	-

Dividend per share as the company tagged it (CommonStockDividendsPerShareCashPaid), from the latest 10-K that reports each year, so a stock split is already in it. A change is left blank when the year before is missing or the jump is more than five times.

What it paid for each share it bought back

Price paid · 10-K, statement of shareholders' equity

Cheapest year $33.22 fiscal year to Jun 30, 2011

Dearest year $64.81 fiscal year to Jun 30, 2008

Average over these years $33.77 $249.9M spent

What CAH paid on average for each share it bought back, each fiscal year: dollars spent divided by shares bought, both from the 10-K.

Fiscal year to	Shares bought	Spent	Average price
Jun 30, 2011	-	-	$33.22
Jun 30, 2010	7.40M	$249.9M	$33.77
Jun 30, 2008	-	-	$64.81

Shares and dollars from the statement of shareholders' equity (the cash flow line also counts shares withheld for taxes, so it is not used). Share counts filed before a stock split are put on today's count. A year where the 10-K does not tag both numbers is left out. The latest year with both numbers tagged is 2011.

What the 10-Ks show for each CEO's years

Each CEO's years · the CEO of each fiscal year as named in the proxy's pay versus performance table

Mr. Hollar

FY2024 to FY2026 · 3 years in the table

Operating cash flow: $11.3B
Capital spending: $1.7B
Acquisitions: $8.4B
Buybacks: $2.9B
Dividends: $1.5B
Stock-based pay: $732.0M
Diluted shares since FY2023: -9.5%
Revenue since FY2023: +24%
Debt since FY2023: +$4.2B
CEO pay (reported): $67.2M

The proxy that names the CEO

Michael C. Kaufmann

FY2022 to FY2023 · 2 years in the table

Operating cash flow: $6.0B
Capital spending: $868.0M
Acquisitions: $32.0M
Buybacks: $3.0B
Dividends: $1.1B
Stock-based pay: $177.0M
Diluted shares since FY2021: -10.9%
Revenue since FY2021: +26%
Debt since FY2021: -$1.5B
CEO pay (reported): $35.8M

The proxy that names the CEO

Sources

The cash flow statement, dividends per share and diluted share count in each 10-K's XBRL; Part II Item 2 of each 10-Q for monthly buybacks; offering prospectuses (S-3, 424B) for new shares; Form D data sets for private raises.

Also

CEO pay: what the CEO was paid over the same years.

Work with it

Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/CAH/export.csv") into a cell.

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