Coca-Cola Co. (KO)


Statement of Cash Flows
Quarterly Data

Difficulty: Beginner

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company’s statement of financial position.

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.

Coca-Cola Co., Consolidated Statement of Cash Flows (quarterly data)

USD $ in millions

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3 months ended Mar 29, 2019 Dec 31, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 31, 2017 Sep 29, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jul 1, 2016 Apr 1, 2016 Dec 31, 2015 Oct 2, 2015 Jul 3, 2015 Apr 3, 2015 Dec 31, 2014 Sep 26, 2014 Jun 27, 2014 Mar 28, 2014
Consolidated net income 1,703  927  1,818  2,331  1,400  (2,717) 1,444  1,372  1,184  547  1,050  3,460  1,493  1,236  1,453  3,111  1,566  771  2,122  2,605  1,626 
(Income) loss from discontinued operations (57) (135) 501  (42) (73) (101) –  –  –  –  –  –  –  –  –  –  –  –  –  –  – 
Net income from continuing operations 1,646  792  2,319  2,289  1,327  (2,818) 1,444  1,372  1,184  547  1,050  3,460  1,493  1,236  1,453  3,111  1,566  771  2,122  2,605  1,626 
Depreciation and amortization 275  279  254  283  270  334  297  301  328  464  420  445  458  527  482  488  473  499  510  494  473 
Stock-based compensation expense 40  58  46  49  72  52  53  59  55  67  72  50  69  65  54  57  60  66  31  73  39 
Deferred income taxes 110  (445) (10) 204  (199) (1,862) (14) 654  (34) (758) 80  (97) (81) (139) (431) 635  139  (112) (80) 13 
Equity (income) loss, net of dividends (119) (72) (238) (104) (43) (69) (256) (214) (89) (32) (193) (145) (79) 28  (106) (52) (112) (135) (59) (65)
Foreign currency adjustments (39) 116  (45) (90) (19) (41) 289  (39) 72  (35) 75  25  93  (61) 68  (98) (46) 110  45  (20) 280 
Significant (gains) losses, net 87  203  (112) 64  34  517  683  (238) 497  782  1,126  (1,124) 362  176  796  (1,379) 33  421  270  140  – 
Other operating charges 55  (104) 86  66  510  300  (52) 701  269  370  67  68  142  232  88  470  139  569  72  36  84 
Other items 122  566  60  83  (27) (260) 59  (84) 16  (19) (80) 48  (173) (115) 250  87  522  111  32  (40) 46 
Net change in operating assets and liabilities (1,478) 447  512  (849) (1,312) 4,924  24  91  (1,510) 687  286  486  (1,680) 189  618  225  (1,189) 62  674  255  (1,430)
Net cash provided by operating activities 699  1,840  2,872  1,995  613  1,077  2,527  2,603  788  2,073  2,903  3,216  604  2,138  3,272  3,544  1,574  2,636  3,509  3,404  1,066 
Purchases of investments (1,062) (980) (1,976) (2,164) (2,669) (3,595) (2,878) (6,496) (3,551) (2,766) (3,688) (4,282) (4,763) (3,825) (5,025) (2,978) (4,003) (3,702) (6,203) (3,526) (4,369)
Proceeds from disposals of investments 1,994  3,898  3,458  3,242  4,379  3,750  3,824  4,161  4,176  3,414  3,692  3,508  6,010  3,676  4,087  2,570  3,746  3,428  3,366  3,597  2,595 
Acquisitions of businesses, equity method investments and nonmarketable securities (5,201) (442) (380) (35) (183) (3,362) (18) (183) (337) (71) (44) (35) (688) (2) (205) (1,681) (603) (46) (11) (247) (85)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 261  1,050  301  1,031  735  625  1,430  290  325  129  291  149  184  229  75  28  45  – 
Purchases of property, plant and equipment (364) (430) (305) (338) (274) (481) (362) (390) (442) (701) (476) (549) (536) (883) (556) (598) (516) (788) (588) (581) (449)
Proceeds from disposals of property, plant and equipment 26  150  33  19  43  32  30  24  18  58  51  12  29  35  17  12  21  73  16  66  68 
Other investing activities 31  (93) 16  (5) 22  (4) 137  (4) (255) 110  (256) (68) 77  22  (453) 314  12  (38) (269) 27 
Net cash (used in) provided by investing activities (4,315) 2,111  1,896  1,020  1,321  (2,629) 1,468  (2,263) 1,039  334  (396) (1,285) 348  (773) (1,657) (2,944) (812) (948) (3,430) (915) (2,213)
Issuances of debt 10,119  5,960  5,189  6,614  9,576  4,958  6,313  6,882  11,704  4,614  6,720  7,417  8,530  6,136  9,420  8,505  16,373  8,382  12,025  10,341  10,926 
Payments of debt (9,656) (6,996) (6,929) (7,873) (8,770) (6,344) (7,514) (5,687) (9,223) (5,209) (7,656) (5,967) (6,783) (7,579) (7,801) (6,603) (15,755) (8,468) (10,372) (8,555) (9,567)
Issuances of stock 190  585  291  123  477  275  403  523  394  139  187  345  763  513  322  131  279  474  408  459  191 
Purchases of stock for treasury (397) (316) (279) (390) (927) (595) (890) (893) (1,304) (1,172) (353) (1,417) (739) (1,598) (668) (644) (654) (1,199) (1,010) (1,078) (875)
Dividends –  (3,323) (1,659) (1,662) –  (3,155) (1,581) (1,584) –  (3,015) (11) (1,512) (1,505) (1,428) (1,436) (1,436) (1,441) (2,670) (1,338) (1,342) – 
Other financing activities 29  (78) (107) 14  (72) (49) (27) 21  (36) (119) 113  (48) 133  21  115  94  21  46  29  32  (470)
Net cash provided by (used in) financing activities 285  (4,168) (3,494) (3,174) 284  (4,910) (3,296) (738) 1,535  (4,762) (1,000) (1,182) 399  (3,935) (48) 47  (1,177) (3,435) (258) (143) 205 
Net cash provided by operating activities from discontinued operations 89  97  132  32  46  111  –  –  –  –  –  –  –  –  –  –  –  –  –  –  – 
Net cash used in investing activities from discontinued operations (144) (293) (41) (63) (24) (65) –  –  –  –  –  –  –  –  –  –  –  –  –  –  – 
Net cash provided by (used in) financing activities from discontinued operations 136  205  (55) 15  40  (38) –  –  –  –  –  –  –  –  –  –  –  –  –  –  – 
Net cash provided by discontinued operations 81  36  (16) 62  –  –  –  –  –  –  –  –  –  –  –  –  –  –  – 
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 56  (13) (140) (204) 95  (68) 111  (4) 203  (237) (7) 150  88  (104) (389) (53) (332) (379) (355) 141  (341)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period (3,194) (221) 1,170  (379) 2,375  (6,522) 810  (402) 3,565  (2,592) 1,500  899  1,439  (2,674) 1,178  594  (747) (2,126) (534) 2,487  (1,283)

Based on: 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-29), 10-Q (filing date: 2014-07-30), 10-Q (filing date: 2014-04-24).

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. Coca-Cola Co.’s net cash provided by operating activities declined from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.
Net cash (used in) 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. Coca-Cola Co.’s net cash (used in) provided by investing activities increased from Q3 2018 to Q4 2018 but then declined significantly from Q4 2018 to Q1 2019.
Net cash provided by (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. Coca-Cola Co.’s net cash provided by (used in) financing activities declined from Q3 2018 to Q4 2018 but then increased from Q4 2018 to Q1 2019 exceeding Q3 2018 level.