Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Kraft Foods Group Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 27, 2014	Dec 28, 2013	Dec 29, 2012
Net earnings	1,043)	2,715)	1,642)
Depreciation and amortization	385)	393)	428)
Stock-based compensation expense	95)	65)	54)
Deferred income tax provision	(361)	708)	470)
Asset impairments	—)	28)	28)
Market-based impacts to postemployment benefit plans	1,341)	(1,561)	223)
Other non-cash expense, net	67)	138)	159)
Receivables, net	(22)	35)	220)
Inventories	(53)	235)	21)
Accounts payable	45)	45)	(241)
Other current assets	(41)	(9)	(61)
Other current liabilities	(164)	(217)	205)
Change in assets and liabilities	(235)	89)	144)
Change in pension and postretirement assets and liabilities, net	(315)	(532)	(113)
Adjustments to reconcile net earnings to operating cash flows	977)	(672)	1,393)
Net cash provided by operating activities	2,020)	2,043)	3,035)
Capital expenditures	(535)	(557)	(440)
Proceeds from sale of property, plant and equipment	2)	131)	18)
Other investing activities	(2)	—)	—)
Net cash used in investing activities	(535)	(426)	(422)
Dividends paid	(1,266)	(1,207)	—)
Repurchase of common stock under share repurchase program	(740)	—)	—)
Proceeds from stock option exercises	115)	96)	14)
Long-term debt proceeds	—)	—)	5,963)
Net transfers to Mondelēz International	—)	—)	(7,210)
Other financing activities	25)	(60)	(125)
Net cash used in financing activities	(1,866)	(1,171)	(1,358)
Effect of exchange rate changes on cash and cash equivalents	(12)	(15)	—)
Cash and cash equivalents, increase (decrease)	(393)	431)	1,255)
Cash and cash equivalents, balance at beginning of period	1,686)	1,255)	—)
Cash and cash equivalents, balance at end of period	1,293)	1,686)	1,255)

Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Kraft Foods Group Inc. net cash provided by operating activities decreased from 2012 to 2013 and from 2013 to 2014.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Kraft Foods Group Inc. net cash used in investing activities decreased from 2012 to 2013 and from 2013 to 2014.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Kraft Foods Group Inc. net cash used in financing activities increased from 2012 to 2013 but then decreased significantly from 2013 to 2014.

Kraft Foods Group Inc. (NASDAQ:KRFT)

Cash Flow Statement