The Kraft Heinz Company 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 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021
Net Income	-5,848	2,746	2,846	2,368	1,024
Depreciation & Amortization	968	948	961	933	910
Stock-Based Compensation	95	109	141	148	197
Other Adjustments	9,017	970	834	503	2,827
Change in Receivables	-55	-139	18	-228	87
Changes in Inventories	133	-6	-106	-1,121	-144
Changes in Accounts Payable	-97	-308	-295	152	408
Changes in Other Operating Activities	249	-136	-423	-286	55
Operating Cash Flow	4,462	4,184	3,976	2,469	5,364
Operating Cash Flow Growth	6.64%	5.23%	61.04%	-53.97%	8.82%
Capital Expenditures	-801	-1,024	-1,013	-916	-905
Purchases of Intangible Assets	-	-140	-	-	-
Purchases of Investments	-1,724	-	-	-	-
Proceeds from Sale of Investments	686	-	-	-	-
Payments for Business Acquisitions	-	-	-	-481	-74
Proceeds from Business Divestments	9	8	-	88	5,014
Other Investing Activities	-3	133	97	218	3
Investing Cash Flow	-1,833	-1,023	-916	-1,091	4,038
Short-Term Debt Issued	-	-	150	228	-
Short-Term Debt Repaid	-	-	-150	-228	-
Long-Term Debt Issued	1,620	594	657	-	-
Long-Term Debt Repaid	-678	-618	-848	-1,465	-6,202
Net Long-Term Debt Issued (Repaid)	942	-24	-191	-1,465	-6,202
Repurchase of Common Stock	-436	-988	-455	-280	-271
Net Common Stock Issued (Repurchased)	-436	-988	-455	-280	-271
Common Dividends Paid	-1,898	-1,931	-1,965	-1,960	-1,959
Other Financing Activities	141	-65	-67	-9	-912
Financing Cash Flow	-1,251	-3,008	-2,678	-3,714	-9,344
Effect of Exchange Rate Changes on Cash and Cash Equivalents	80	-71	-19	-69	-30
Net Cash Flow	1,458	82	363	-2,405	28
Free Cash Flow	3,661	3,160	2,963	1,553	4,459
Free Cash Flow Growth	15.85%	6.65%	90.79%	-65.17%	2.91%
FCF Margin	14.68%	12.23%	11.12%	5.86%	17.12%
Free Cash Flow Per Share	3.08	2.60	2.40	1.26	3.61
Levered Free Cash Flow	-4,452	2,194	1,788	-340	-4,866
Unlevered Free Cash Flow	-4,563	4,873	2,706	1,663	2,398

Updated Dec 27, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.