Medline Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	1,939	199	1,556	-
Trading Asset Securities	36	79	135	-
Cash & Short-Term Investments	1,975	278	1,691	-
Cash Growth	610.43%	-83.56%	-	-
Receivables	3,533	3,219	2,960	-
Inventory	4,769	4,456	3,813	-
Restricted Cash	3	51	29	-
Other Current Assets	399	268	316	-
Total Current Assets	10,679	8,272	8,809	-
Property, Plant & Equipment	5,210	4,979	4,797	-
Long-Term Investments	-	48	86	-
Goodwill	8,079	8,065	7,532	-
Other Intangible Assets	13,893	14,559	14,788	-
Long-Term Deferred Tax Assets	583	-	-	-
Other Long-Term Assets	40	55	110	-
Total Assets	38,484	35,978	36,122	-
Accounts Payable	961	869	696	-
Accrued Expenses	960	941	856	-
Short-Term Debt	1	2	2	-
Current Portion of Long-Term Debt	76	76	73	-
Current Portion of Leases	66	76	47	-
Current Income Taxes Payable	24	4	9	-
Other Current Liabilities	402	472	448	-
Total Current Liabilities	2,490	2,440	2,131	-
Long-Term Debt	12,484	16,416	16,446	-
Long-Term Leases	386	329	264	-
Pension & Post-Retirement Benefits	49	42	33	-
Other Long-Term Liabilities	3,789	593	504	-
Total Liabilities	19,198	19,820	19,378	-
Common Stock	-	16,147	16,556	-
Additional Paid-In Capital	10,717	-	-	-
Retained Earnings	-7	-	-	-
Comprehensive Income & Other	27	11	188	-
Total Common Equity	10,737	16,158	16,744	-
Minority Interest	8,549	-	-	-
Shareholders' Equity	19,286	16,158	16,744	-
Total Liabilities & Equity	38,484	35,978	36,122	-
Total Debt	13,013	16,899	16,832	-
Net Cash (Debt)	-11,038	-16,621	-15,141	-
Net Cash Per Share	-13.63	-0.95	-0.87	-
Filing Date Shares Outstanding	811.65	17,467	17,500	-
Total Common Shares Outstanding	812	17,467	17,500	-
Working Capital	8,189	5,832	6,678	-
Book Value Per Share	13.22	0.93	0.96	-
Tangible Book Value	-11,235	-6,466	-5,576	-
Tangible Book Value Per Share	-13.84	-0.37	-0.32	-
Land	586	599	590	-
Buildings	2,974	2,879	2,805	-
Machinery	1,700	1,477	1,309	-
Construction In Progress	466	316	164	-
Leasehold Improvements	60	11	36	-

Updated Feb 25, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q