The Coca-Cola Company Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 26, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	13,031	10,631	10,714	9,542	9,771	7,747
Depreciation & Amortization	1,090	1,075	1,128	1,260	1,452	1,536
Loss (Gain) From Sale of Assets	-411	-1,737	-492	-129	-1,365	-914
Asset Writedown & Restructuring Costs	-	-	-	57	78	-
Loss (Gain) on Equity Investments	-968	-802	-1,019	-838	-615	-511
Stock-Based Compensation	283	286	254	356	337	126
Other Operating Activities	1,009	3,586	1,860	1,375	1,642	1,170
Change in Accounts Receivable	-295	-295	-2	-69	-225	882
Change in Inventory	-520	-520	-597	-960	-135	99
Change in Accounts Payable	1,134	1,134	841	759	2,843	-860
Change in Income Taxes	-823	-823	-578	-360	-566	-16
Change in Other Net Operating Assets	-5,927	-5,730	-510	25	-592	585
Operating Cash Flow	7,603	6,805	11,599	11,018	12,625	9,844
Operating Cash Flow Growth	37.64%	-41.33%	5.27%	-12.73%	28.25%	-5.99%
Capital Expenditures	-2,033	-2,064	-1,852	-1,484	-1,367	-1,177
Sale of Property, Plant & Equipment	28	40	74	75	108	189
Cash Acquisitions	-307	-315	-62	-73	-4,766	-1,052
Divestitures	1,577	3,485	430	458	2,180	189
Investment in Securities	508	949	-2,344	1,020	1,029	252
Other Investing Activities	421	429	405	-759	51	122
Investing Cash Flow	194	2,524	-3,349	-763	-2,765	-1,477
Long-Term Debt Issued	-	12,061	6,891	3,972	13,094	26,934
Long-Term Debt Repaid	-	-9,533	-5,034	-4,930	-12,866	-28,796
Net Debt Issued (Repaid)	-157	2,528	1,857	-958	228	-1,862
Issuance of Common Stock	273	747	539	837	702	647
Repurchase of Common Stock	-1,211	-1,795	-2,289	-1,418	-111	-118
Common Dividends Paid	-8,476	-8,359	-7,952	-7,616	-7,252	-7,047
Other Financing Activities	999	-31	-465	-1,095	-353	310
Financing Cash Flow	-8,572	-6,910	-8,310	-10,250	-6,786	-8,070
Foreign Exchange Rate Adjustments	-22	-623	-73	-205	-159	76
Net Cash Flow	-797	1,796	-133	-200	2,915	373
Free Cash Flow	5,570	4,741	9,747	9,534	11,258	8,667
Free Cash Flow Growth	63.25%	-51.36%	2.23%	-15.31%	29.89%	2.97%
Free Cash Flow Margin	11.69%	10.07%	21.30%	22.17%	29.12%	26.25%
Free Cash Flow Per Share	1.29	1.10	2.25	2.19	2.59	2.00
Cash Interest Paid	1,669	1,669	1,415	848	738	935
Cash Income Tax Paid	3,262	3,262	2,580	2,403	2,168	1,268
Levered Free Cash Flow	1,413	14,962	4,827	7,874	8,366	6,893
Unlevered Free Cash Flow	2,447	15,997	5,782	8,425	9,364	7,791
Change in Working Capital	-6,431	-6,234	-846	-605	1,325	690

Updated Sep 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.