The Coca-Cola Company
KONYSE
$94.77
Last price · USD
- Market cap
- $408.7B
- P/E
- 31.2x
- EV / EBITDA
- 23.8x
- P/S
- 8.5x
- FCF yield
- 1.3%
- Div. yield
- 2.15%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
The Coca-Cola Company cash flow statement
Annual · USD millions except per-share data · 34 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 13,137 | 10,631 | 10,714 | 9,571 | 9,804 | +7.6% | |
| Depreciation & amortization | 1,050 | 1,075 | 1,128 | 1,260 | 1,452 | -7.8% | |
| Deferred income tax | 517 | (11) | (2) | (122) | 894 | -12.8% | |
| Stock-based compensation | 279 | 286 | 254 | 356 | 337 | -4.6% | |
| Change in working capital | (7,208) | (6,234) | (846) | (605) | 1,325 | — | |
| Accounts receivables | 334 | (295) | (2) | (69) | (225) | — | |
| Inventory | (154) | (520) | (597) | (960) | (135) | — | |
| Accounts payables | (6,612) | 1,134 | 841 | 759 | 2,843 | — | |
| Other working capital | (776) | (6,553) | (1,088) | (335) | (1,158) | — | |
| Other non-cash items | (367) | 1,058 | 351 | 558 | (1,187) | — | |
| Net cash from operating activities | 7,408 | 6,805 | 11,599 | 11,018 | 12,625 | -12.5% | |
| Operating cash flow | 7,408 | 6,805 | 11,599 | 11,018 | 12,625 | -12.5% | |
| Investing activities | |||||||
| Investments in PP&E | (2,112) | (2,064) | (1,852) | (1,484) | (1,367) | — | |
| Capital expenditure | (2,112) | (2,064) | (1,852) | (1,484) | (1,367) | — | |
| Acquisitions, net | (461) | 3,170 | 442 | 385 | (2,586) | — | |
| Purchases of investments | (6,160) | (5,640) | (6,698) | (3,751) | (6,030) | — | |
| Sales / maturities of investments | 8,232 | 6,589 | 4,354 | 4,771 | 7,059 | +3.9% | |
| Other investing activities | 434 | 469 | 405 | (684) | 159 | +28.5% | |
| Net cash from investing activities | (67) | 2,524 | (3,349) | (763) | (2,765) | — | |
| Financing activities | |||||||
| Net debt issuance | 13 | 2,528 | 1,857 | (958) | 228 | -51.1% | |
| Long-term net debt issuance | 13 | 2,528 | 1,857 | (958) | 228 | -51.1% | |
| Net stock issuance | (433) | (1,048) | (1,750) | (581) | 591 | — | |
| Common stock issuance | 313 | 747 | 539 | 837 | 702 | -18.3% | |
| Common stock repurchased | (746) | (1,795) | (2,289) | (1,418) | (111) | — | |
| Net common stock issuance | (433) | (1,048) | (1,750) | (581) | 591 | — | |
| Common dividends paid | (8,779) | (8,359) | (7,952) | (7,616) | (7,252) | — | |
| Net dividends paid | (8,779) | (8,359) | (7,952) | (7,616) | (7,252) | — | |
| Other financing activities | 1,059 | (31) | (465) | (1,095) | (353) | — | |
| Net cash from financing activities | (8,140) | (6,910) | (8,310) | (10,250) | (6,786) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 321 | (623) | (73) | (205) | (159) | — | |
| Net change in cash | (478) | 1,796 | (133) | (200) | 2,915 | — | |
| Cash at beginning of period | 11,488 | 9,692 | 9,825 | 10,025 | 7,110 | +12.7% | |
| Cash at end of period | 11,010 | 11,488 | 9,692 | 9,825 | 10,025 | +2.4% | |
| Free cash flow | 5,296 | 4,741 | 9,747 | 9,534 | 11,258 | -17.2% | |