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Walgreens recounts ‘strong’ cash flow, $1.9 billion free cash flow
By Devika Patel
Knoxville, Tenn., June 28 – Walgreens Boots Alliance, Inc. reported “strong” cash flow in the last quarter, with free cash flow of $1.9 billion.
“We have delivered strong cash flow,” executive vice chairman and chief executive officer Stefano Pessina said on the company’s fiscal 2019 third quarter ended May 31 earnings conference call on Thursday.
“We have increased our cash flow substantially,” he said.
The company reported free cash flow of $1.9 billion for the quarter, compared to $1.6 billion in the third quarter of 2018. Year to date free cash flow was $4.4 billion.
Cash and cash equivalents were $1,818,000,000 as of May 31, 2018, compared to $3,301,000,000 as of Aug. 31, 2017.
Long-term debt was $12,456,000,000 as of May 31, 2018, compared to $12,684,000,000 as of Aug. 31, 2017.
Walgreens is a Deerfield, Ill.-based drugstore chain.
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