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	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	13,107	10,631	10,714	9,542	9,771
Depreciation & Amortization	1,050	1,075	1,128	1,260	1,452
Loss (Gain) From Sale of Assets	-713	-1,737	-492	-129	-1,365
Asset Writedown & Restructuring Costs	-	-	-	57	78
Loss (Gain) on Equity Investments	-1,038	-802	-1,019	-838	-615
Stock-Based Compensation	279	286	254	356	337
Other Operating Activities	1,931	3,586	1,860	1,375	1,642
Change in Accounts Receivable	-	-295	-2	-69	-225
Change in Inventory	-	-520	-597	-960	-135
Change in Accounts Payable	-	1,134	841	759	2,843
Change in Income Taxes	-	-823	-578	-360	-566
Change in Other Net Operating Assets	-7,208	-5,730	-510	25	-592
Operating Cash Flow	7,408	6,805	11,599	11,018	12,625
Operating Cash Flow Growth	8.86%	-41.33%	5.27%	-12.73%	28.25%
Capital Expenditures	-2,112	-2,064	-1,852	-1,484	-1,367
Sale of Property, Plant & Equipment	13	40	74	75	108
Cash Acquisitions	-461	-315	-62	-73	-4,766
Divestitures	3,567	3,485	430	458	2,180
Investment in Securities	-1,495	949	-2,344	1,020	1,029
Other Investing Activities	421	429	405	-759	51
Investing Cash Flow	-67	2,524	-3,349	-763	-2,765
Long-Term Debt Issued	4,980	12,061	6,891	3,972	13,094
Long-Term Debt Repaid	-4,967	-9,533	-5,034	-4,930	-12,866
Net Debt Issued (Repaid)	13	2,528	1,857	-958	228
Issuance of Common Stock	313	747	539	837	702
Repurchase of Common Stock	-746	-1,795	-2,289	-1,418	-111
Common Dividends Paid	-8,779	-8,359	-7,952	-7,616	-7,252
Other Financing Activities	1,059	-31	-465	-1,095	-353
Financing Cash Flow	-8,140	-6,910	-8,310	-10,250	-6,786
Foreign Exchange Rate Adjustments	321	-623	-73	-205	-159
Net Cash Flow	-478	1,796	-133	-200	2,915
Free Cash Flow	5,296	4,741	9,747	9,534	11,258
Free Cash Flow Growth	11.71%	-51.36%	2.23%	-15.31%	29.89%
Free Cash Flow Margin	11.05%	10.07%	21.30%	22.17%	29.12%
Free Cash Flow Per Share	1.23	1.10	2.25	2.19	2.59
Cash Interest Paid	-	1,669	1,415	848	738
Cash Income Tax Paid	-	3,262	2,580	2,403	2,168
Levered Free Cash Flow	-1,181	14,962	4,827	7,874	8,366
Unlevered Free Cash Flow	-147.13	15,997	5,782	8,425	9,364
Change in Working Capital	-7,208	-6,234	-846	-605	1,325

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.