Keurig Dr Pepper Cash Flow Statement

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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,079	1,441	2,181	1,436	2,146
Depreciation & Amortization	753	733	720	709	708
Stock-Based Compensation	97	98	116	52	88
Other Adjustments	65	538	59	915	-419
Change in Receivables	-202	-209	70	-398	-152
Changes in Inventories	-405	-92	182	-426	-133
Changes in Accounts Payable	-212	-196	-1,618	903	762
Changes in Income Taxes Payable	-141	133	-199	-105	114
Changes in Other Operating Activities	-43	-227	-182	-249	-240
Operating Cash Flow	1,991	2,219	1,329	2,837	2,874
Operating Cash Flow Growth	-10.27%	66.97%	-53.15%	-1.29%	17.02%
Capital Expenditures	-486	-563	-425	-353	-423
Sale of Property, Plant & Equipment	14	4	9	168	122
Purchases of Intangible Assets	-17	-59	-56	-26	-32
Purchases of Investments	-1	-7	-316	-962	-
Proceeds from Sale of Investments	-	-	-	-	578
Payments for Business Acquisitions	-149	-1,000	-	50	-
Other Investing Activities	66	11	4	-12	-35
Investing Cash Flow	-573	-1,614	-784	-1,135	210
Short-Term Debt Issued	625	-431	1,827	405	5,562
Short-Term Debt Repaid	-47	-129	-148	-158	-5,424
Net Short-Term Debt Issued (Repaid)	578	-560	1,679	247	138
Long-Term Debt Issued	2,000	3,990	-	3,000	2,150
Long-Term Debt Repaid	-2,148	-1,265	-595	-3,455	-4,074
Net Long-Term Debt Issued (Repaid)	-148	2,725	-595	-455	-1,924
Issuance of Common Stock	-	-	-	-	140
Repurchase of Common Stock	-40	-1,171	-768	-394	-125
Net Common Stock Issued (Repurchased)	-40	-1,171	-768	-394	15
Common Dividends Paid	-1,250	-1,194	-1,142	-1,080	-955
Other Financing Activities	-139	-23	-6	-46	-36
Financing Cash Flow	-999	-223	-832	-1,728	-2,762
Effect of Exchange Rate Changes on Cash and Cash Equivalents	17	-41	19	-7	-9
Net Cash Flow	436	341	-268	-33	313
Free Cash Flow	1,505	1,656	904	2,484	2,451
Free Cash Flow Growth	-9.12%	83.19%	-63.61%	1.35%	22.86%
FCF Margin	9.06%	10.79%	6.10%	17.67%	19.33%
Free Cash Flow Per Share	1.10	1.21	0.64	1.74	1.72
Levered Free Cash Flow	1,975	3,394	1,743	1,707	1,148
Unlevered Free Cash Flow	2,232	1,739	1,003	2,654	3,007

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.