For the year ending 2025-12-31, KO had -$478M decrease in cash & cash equivalents over the period. $5,296M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Consolidated net income | 13,137 | 10,649 | 10,703 | 9,571 |
| Depreciation and amortization | 1,050 | 1,075 | 1,128 | 1,260 |
| Stock-based compensation expense | 279 | 286 | 254 | 356 |
| Deferred income taxes | 517 | -11 | -2 | -122 |
| Equity (income) loss net of dividends | 1,038 | 802 | 1,019 | 838 |
| Foreign currency adjustments | -191 | 110 | -175 | -203 |
| Significant (gains) losses net | 713 | 1,737 | 492 | 129 |
| Other operating charges | 1,052 | 4,000 | 1,741 | 1,086 |
| Other items | -141 | 311 | 43 | -236 |
| Net change in operating assets and liabilities | 7,208 | 6,234 | 846 | 605 |
| Net cash provided by operating activities | 7,408 | 6,805 | 11,599 | 11,018 |
| Purchases of investments | 6,160 | 5,640 | 6,698 | 3,751 |
| Proceeds from disposals of investments | 4,665 | 6,589 | 4,354 | 4,771 |
| Acquisitions of businesses, equity method investments and nonmarketable securities | 461 | 315 | 62 | 73 |
| Proceeds from disposals of businesses, equity method investments and nonmarketable securities | 3,567 | 3,485 | 430 | 458 |
| Purchases of property, plant and equipment | 2,112 | 2,064 | 1,852 | 1,484 |
| Proceeds from disposals of property, plant and equipment | 13 | 40 | 74 | 75 |
| Collateral (paid) received associated with hedging activities net | -330 | -235 | -366 | 1,465 |
| Other investing activities | -91 | -194 | -39 | -706 |
| Net cash provided by (used in) investing activities | -67 | 2,524 | -3,349 | -763 |
| Issuances of loans, notes payable and long-term debt | 4,980 | 12,061 | 6,891 | 3,972 |
| Payments of loans, notes payable and long-term debt | 4,967 | 9,533 | 5,034 | 4,930 |
| Issuances of stock | 313 | 747 | 539 | 837 |
| Purchases of stock for treasury | 746 | 1,795 | 2,289 | 1,418 |
| Dividends | 8,779 | 8,359 | 7,952 | 7,616 |
| Proceeds from noncontrolling interests | 1,338 | - | - | - |
| Other financing activities | -279 | -31 | -465 | -1,095 |
| Net cash provided by (used in) financing activities | -8,140 | -6,910 | -8,310 | -10,250 |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents | 321 | -623 | -73 | -205 |
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the year | -478 | 1,796 | -133 | -200 |
COCA COLA CO (KO)
COCA COLA CO (KO)