Keurig Dr Pepper Inc. (KDP)
NASDAQ: KDP · Real-Time Price · USD
30.01
-0.36 (-1.19%)
At close: Aug 7, 2026, 4:00 PM EDT
30.06
+0.05 (0.17%)
After-hours: Aug 7, 2026, 7:57 PM EDT
Keurig Dr Pepper Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 1,495 | 2,079 | 1,441 | 2,181 | 1,436 | 2,146 |
Depreciation & Amortization | 970 | 753 | 733 | 720 | 709 | 708 |
Stock-Based Compensation | 114 | 97 | 98 | 116 | 52 | 88 |
Other Adjustments | 142 | 65 | 538 | 59 | 915 | -419 |
Change in Receivables | -155 | -202 | -209 | 70 | -398 | -152 |
Changes in Inventories | 144 | -405 | -92 | 182 | -426 | -133 |
Changes in Accounts Payable | -207 | -212 | -196 | -1,618 | 903 | 762 |
Changes in Income Taxes Payable | -40 | -141 | 133 | -199 | -105 | 114 |
Changes in Other Operating Activities | -914 | -1,046 | -818 | -1,929 | -524 | 111 |
Operating Cash Flow | 2,527 | 1,991 | 2,219 | 1,329 | 2,837 | 2,874 |
Operating Cash Flow Growth | 19.37% | -10.27% | 66.97% | -53.15% | -1.29% | 17.02% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -557 | -486 | -563 | -425 | -353 | -423 |
Sale of Property, Plant & Equipment | 20 | 14 | 4 | 9 | 168 | 122 |
Purchases of Intangible Assets | -5 | -17 | -59 | -56 | -26 | -32 |
Purchases of Investments | - | -1 | -7 | -316 | -962 | - |
Proceeds from Sale of Investments | - | - | - | - | - | 578 |
Cash Acquisitions | -16,653 | -149 | -1,000 | - | 50 | - |
Other Investing Activities | 1 | 66 | 11 | 4 | -12 | -35 |
Investing Cash Flow | -17,194 | -573 | -1,614 | -784 | -1,135 | 210 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | 849 | 625 | -431 | 1,827 | 405 | 5,562 |
Short-Term Debt Repaid | -364 | -47 | -129 | -148 | -158 | -5,424 |
Net Short-Term Debt Issued (Repaid) | 485 | 578 | -560 | 1,679 | 247 | 138 |
Long-Term Debt Issued | 15,737 | 2,000 | 3,990 | - | 3,000 | 2,150 |
Long-Term Debt Repaid | -1,048 | -2,148 | -1,265 | -595 | -3,455 | -4,074 |
Net Long-Term Debt Issued (Repaid) | 14,689 | -148 | 2,725 | -595 | -455 | -1,924 |
Issuance of Common Stock | - | - | - | - | - | 140 |
Repurchase of Common Stock | -34 | -40 | -1,171 | -768 | -394 | -125 |
Net Common Stock Issued (Repurchased) | -34 | -40 | -1,171 | -768 | -394 | 15 |
Issuance of Preferred Stock | 4,395 | - | - | - | - | - |
Net Preferred Stock Issued (Repurchased) | 4,395 | - | - | - | - | - |
Common Dividends Paid | -1,249 | -1,250 | -1,194 | -1,142 | -1,080 | -955 |
Other Financing Activities | 3,905 | -139 | -23 | -6 | -46 | -36 |
Financing Cash Flow | 15,956 | -999 | -223 | -832 | -1,728 | -2,762 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -301 | 17 | -41 | 19 | -7 | -9 |
Net Cash Flow | 988 | 436 | 341 | -268 | -33 | 313 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 1,970 | 1,505 | 1,656 | 904 | 2,484 | 2,451 |
Free Cash Flow Growth | 23.05% | -9.12% | 83.19% | -63.61% | 1.35% | 22.86% |
FCF Margin | 9.81% | 9.06% | 10.79% | 6.10% | 17.67% | 19.33% |
Free Cash Flow Per Share | 1.44 | 1.10 | 1.21 | 0.64 | 1.74 | 1.72 |
Levered Free Cash Flow | 15,997 | 972 | 2,803 | -4 | 1,433 | 1,499 |
Unlevered Free Cash Flow | 1,869 | 1,229 | 1,148 | -743.88 | 2,379 | 3,358 |