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 Heinz Co., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 28, 2019	Dec 29, 2018	Dec 30, 2017	Dec 31, 2016	Dec 31, 2015
Net income (loss)	1,933)	(10,254)	10,990)	3,642)	647)
Depreciation and amortization	994)	983)	1,036)	1,337)	740)
Amortization of postretirement benefit plans prior service costs (credits)	(306)	(339)	(328)	(333)	(112)
Amortization of inventory step-up	—)	—)	—)	—)	347)
Equity award compensation expense	46)	33)	46)	46)	133)
Deferred income tax provision (benefit)	(293)	(1,967)	(6,467)	(29)	(317)
Postemployment benefit plan contributions	(32)	(76)	(1,659)	(494)	(286)
Goodwill and intangible asset impairment losses	1,899)	15,936)	49)	—)	58)
Nonmonetary currency devaluation	10)	146)	36)	24)	234)
(Gain) loss on sale of business	(420)	15)	—)	—)	—)
Other items, net	(46)	160)	219)	16)	356)
Trade receivables	140)	(2,280)	(2,629)	80)	838)
Sold receivables	—)	—)	—)	454)	(422)
Inventories	(277)	(251)	(251)	(130)	25)
Accounts payable	(58)	(23)	464)	943)	(119)
Other current assets	52)	(146)	(67)	(42)	114)
Other current liabilities	(90)	637)	(912)	(276)	231)
Changes in current assets and liabilities	(233)	(2,063)	(3,395)	1,029)	667)
Adjustments to reconcile net income (loss) to operating cash flows	1,619)	12,828)	(10,463)	1,596)	1,820)
Net cash provided by operating activities	3,552)	2,574)	527)	5,238)	2,467)
Cash receipts on sold receivables	—)	1,296)	2,286)	—)	—)
Capital expenditures	(768)	(826)	(1,217)	(1,247)	(648)
Payments to acquire business, net of cash acquired	(199)	(248)	—)	—)	(9,468)
Proceeds from net investment hedges	590)	24)	—)	—)	—)
Proceeds from sale of business, net of cash disposed	1,875)	18)	—)	—)	—)
Other investing activities, net	13)	24)	87)	134)	412)
Net cash (used for) provided by investing activities	1,511)	288)	1,156)	(1,113)	(9,704)
Repayments of long-term debt	(4,795)	(2,713)	(2,644)	(86)	(12,314)
Proceeds from issuance of long-term debt	2,967)	2,990)	1,496)	6,981)	14,834)
Debt prepayment and extinguishment costs	(99)	—)	—)	—)	—)
Proceeds from issuance of commercial paper	557)	2,784)	6,043)	6,680)	—)
Repayments of commercial paper	(557)	(3,213)	(6,249)	(6,043)	—)
Proceeds from issuance of common stock to Sponsors	—)	—)	—)	—)	10,000)
Dividends paid, Series A Preferred Stock	—)	—)	—)	(180)	(900)
Dividends paid, common stock	(1,953)	(3,183)	(2,888)	(3,584)	(1,302)
Redemption of Series A Preferred Stock	—)	—)	—)	(8,320)	—)
Other financing activities, net	(33)	(28)	16)	(69)	(135)
Net cash provided by (used for) financing activities	(3,913)	(3,363)	(4,226)	(4,621)	10,183)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(6)	(132)	57)	(137)	(407)
Cash, cash equivalents, and restricted cash, net increase (decrease)	1,144)	(633)	(2,486)	(633)	2,539)
Cash, cash equivalents, and restricted cash, balance at beginning of period	1,136)	1,769)	4,255)	4,837)	2,298)
Cash, cash equivalents, and restricted cash, balance at end of period	2,280)	1,136)	1,769)	4,204)	4,837)

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

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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 Heinz Co. net cash provided by operating activities increased from 2017 to 2018 and from 2018 to 2019.
Net cash (used for) provided by 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 Heinz Co. net cash (used for) provided by investing activities decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Net cash provided by (used for) 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 Heinz Co. net cash provided by (used for) financing activities increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.

Kraft Heinz Co. (NASDAQ:KHC)

Cash Flow Statement