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	-5,846	2,744	2,855	2,363	1,012
Depreciation & Amortization	968	948	961	933	910
Loss (Gain) From Sale of Assets	42	81	-4	-25	-44
Asset Writedown & Restructuring Costs	9,306	3,669	662	913	1,634
Stock-Based Compensation	95	109	141	148	197
Other Operating Activities	-333	-2,778	167	-380	1,249
Change in Accounts Receivable	-55	-139	18	-228	87
Change in Inventory	133	-6	-106	-1,121	-144
Change in Accounts Payable	-97	-308	-295	152	408
Change in Other Net Operating Assets	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
Cash Acquisitions	-	-	-	-481	-74
Divestitures	9	8	-	88	5,014
Sale (Purchase) of Intangibles	-	-140	-	-	-
Investment in Securities	-1,038	-	-	-	-
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	-
Long-Term Debt Issued	1,620	594	657	-	-
Total Debt Issued	1,620	594	807	228	-
Short-Term Debt Repaid	-	-	-150	-228	-
Long-Term Debt Repaid	-678	-618	-848	-1,465	-6,202
Total Debt Repaid	-678	-618	-998	-1,693	-6,202
Net Debt Issued (Repaid)	942	-24	-191	-1,465	-6,202
Repurchase of Common Stock	-436	-988	-455	-280	-271
Common Dividends Paid	-1,898	-1,931	-1,965	-1,960	-1,959
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
Foreign Exchange Rate Adjustments	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%
Free Cash Flow 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
Cash Interest Paid	-	906	896	937	1,196
Cash Income Tax Paid	-	967	932	1,260	1,295
Levered Free Cash Flow	2,833	2,179	2,428	1,465	4,699
Unlevered Free Cash Flow	3,425	2,749	2,998	2,040	5,979
Change in Working Capital	230	-589	-806	-1,483	406

Source: S&P Global Market Intelligence. Standard template. Financial Sources.