Keurig Dr Pepper Inc. (KDP)

Keurig Dr Pepper Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	2,079	1,441	2,181	1,436	2,146
Depreciation & Amortization	753	733	720	709	708
Loss (Gain) From Sale of Assets	-2	16	-1	-80	-75
Asset Writedown & Restructuring Costs	78	718	2	477	-
Loss (Gain) From Sale of Investments	-	-	-	-38	-507
Loss (Gain) on Equity Investments	-135	-136	-77	5	5
Stock-Based Compensation	97	98	116	52	88
Other Operating Activities	124	-60	135	551	158
Change in Accounts Receivable	-202	-209	70	-398	-152
Change in Inventory	-405	-92	182	-426	-133
Change in Accounts Payable	-212	-196	-1,618	903	762
Change in Income Taxes	-141	133	-199	-105	114
Change in Other Net Operating Assets	-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
Cash Acquisitions	-149	-1,000	-	-	-
Sale (Purchase) of Intangibles	-17	-59	-56	-26	-32
Investment in Securities	-1	-7	-316	-912	578
Other Investing Activities	66	11	4	-12	-35
Investing Cash Flow	-573	-1,614	-784	-1,135	210
Short-Term Debt Issued	594	-	1,697	250	5,406
Long-Term Debt Issued	2,000	3,990	-	3,000	2,150
Total Debt Issued	2,594	3,990	1,697	3,250	7,556
Short-Term Debt Repaid	-	-480	-	-	-5,257
Long-Term Debt Repaid	-2,148	-1,265	-595	-3,455	-4,074
Total Debt Repaid	-2,148	-1,745	-595	-3,455	-9,331
Net Debt Issued (Repaid)	446	2,245	1,102	-205	-1,775
Issuance of Common Stock	-	-	-	-	140
Repurchase of Common Stock	-40	-1,171	-768	-394	-125
Common Dividends Paid	-1,250	-1,194	-1,142	-1,080	-955
Other Financing Activities	-155	-103	-24	-49	-47
Financing Cash Flow	-999	-223	-832	-1,728	-2,762
Foreign Exchange Rate Adjustments	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%
Free Cash Flow Margin	9.06%	10.79%	6.10%	17.67%	19.32%
Free Cash Flow Per Share	1.10	1.21	0.64	1.74	1.72
Cash Interest Paid	594	494	443	363	477
Cash Income Tax Paid	460	331	507	686	506
Levered Free Cash Flow	1,134	1,293	664.88	1,874	2,369
Unlevered Free Cash Flow	1,605	1,753	974.88	2,307	2,681
Change in Working Capital	-1,003	-591	-1,747	-275	351

Updated Feb 24, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q