Keurig Dr Pepper Inc. (KDP) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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Keurig Dr Pepper Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $616,000,000.00Remaining operating cash flows, net (calculated) → Operating adjustments reconciliation: $732,000,000.00Depreciation expense → Operating adjustments reconciliation: $103,000,000.00Other amortization expense → Operating adjustments reconciliation: $39,000,000.00Accounts payable and accrued expenses → Operating adjustments reconciliation: $39,000,000.00Amortization of intangibles → Operating adjustments reconciliation: $33,000,000.00Income taxes receivable and payables, net → Operating adjustments reconciliation: $27,000,000.00Employee stock-based compensation expense → Operating adjustments reconciliation: $24,000,000.00Provision for sales returns → Operating adjustments reconciliation: $21,000,000.00Deferred income taxes → Operating adjustments reconciliation: $4,000,000.00Other, net → Operating adjustments reconciliation: $4,000,000.00Loss (gain) on disposal of property, plant and equipment → Operating adjustments reconciliation: $1,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $12,000,000.00Operating adjustments reconciliation → Other current and non-current assets: $384,000,000.00Operating adjustments reconciliation → Inventories: $339,000,000.00Operating adjustments reconciliation → Trade accounts receivable: $215,000,000.00Operating adjustments reconciliation → Other current and non-current liabilities: $38,000,000.00Operating adjustments reconciliation → Earned equity from distribution arrangements: $19,000,000.00Operating adjustments reconciliation → Unrealized loss on derivatives: $13,000,000.00Operating adjustments reconciliation → Equity in earnings of unconsolidated affiliates: $5,000,000.00Operating adjustments reconciliation → Unrealized loss (gain) on foreign currency: $2,000,000.00Other, net → investing reconciliation: $1,000,000.00investing reconciliation → Purchases of property, plant and equipment: $125,000,000.00investing reconciliation → Acquisitions of businesses: $85,000,000.00Net cash used in financing activities → financing reconciliation: $282,000,000.00Net (repayment) issuance of commercial paper → financing reconciliation: $73,000,000.00Proceeds from structured payables → financing reconciliation: $8,000,000.00financing reconciliation → Cash dividends paid: $292,000,000.00financing reconciliation → Repayments of structured payables: $29,000,000.00financing reconciliation → Payments on finance leases: $27,000,000.00financing reconciliation → Tax withholdings related to net share settlements: $15,000,000.00Net cash used in investing activities → investing reconciliation: $209,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $438,000,000.00Net cash from operating activities → Cash sources and uses: $628,000,000.00Cash sources and uses → Exchange-rate effect: $15,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $560,000,000.00Cash sources and uses → Net cash used in investing activities: $209,000,000.00Cash sources and uses → Net cash used in financing activities: $282,000,000.00Net income: $616,000,000.00Net income+$616.00 MDepreciation expense: $103,000,000.00Depreciation expense+$103.00 MAmortization of intangibles: $33,000,000.00Intangible amortization+$33.00 MOther amortization expense: $39,000,000.00Deferred charges amortization+$39.00 MProvision for sales returns: $21,000,000.00Other gains & provisions+$21.00 MDeferred income taxes: $4,000,000.00Deferred taxes & credits+$4.00 MEmployee stock-based compensation expense: $24,000,000.00Stock-based compensation+$24.00 MLoss (gain) on disposal of property, plant and equipment: $1,000,000.00PP&E disposal gain & loss+$1.00 MUnrealized loss (gain) on foreign currency: -$2,000,000.00Unrealized FX gain & loss−$2.00 MUnrealized loss on derivatives: -$13,000,000.00Derivative value change−$13.00 MEquity in earnings of unconsolidated affiliates: -$5,000,000.00Equity-method results−$5.00 MEarned equity from distribution arrangements: -$19,000,000.00Earned equity from distribution arrangements−$19.00 MOther, net: $4,000,000.00Other non-cash items+$4.00 MTrade accounts receivable: -$215,000,000.00Accounts receivable−$215.00 MInventories: -$339,000,000.00Inventories−$339.00 MIncome taxes receivable and payables, net: $27,000,000.00Income taxes payable+$27.00 MOther current and non-current assets: -$384,000,000.00Other operating assets−$384.00 MAccounts payable and accrued expenses: $39,000,000.00Other payables & accruals+$39.00 MOther current and non-current liabilities: -$38,000,000.00Other operating liabilities−$38.00 MRemaining operating cash flows, net (calculated): $732,000,000.00Remaining operating (calculated)+$732.00 MNet cash from operating activities: $628,000,000.00Operating cash+$628.00 MOperating adjustments reconciliation: $1,027,000,000.00Other, net: $0.00Repayments of structured payables: -$29,000,000.00Notes payable repaid−$29.00 MTax withholdings related to net share settlements: -$15,000,000.00Stock-award tax withholding−$15.00 MRepurchases of common stock: $0.00Proceeds from issuance of Notes: $0.00Payments on finance leases: -$27,000,000.00Finance lease payments−$27.00 MProceeds from structured payables: $8,000,000.00Notes payable issued+$8.00 MNet (repayment) issuance of commercial paper: $73,000,000.00Commercial paper, net+$73.00 MRepayments of Notes: $0.00Cash dividends paid: -$292,000,000.00Dividends paid−$292.00 MNet cash used in financing activities: -$282,000,000.00. Cash required to fund net payments.Financing cash−$282.00 Mfinancing reconciliation: $363,000,000.00Other, net: $1,000,000.00Other investing, net+$1.00 MInvestments in unconsolidated affiliates: $0.00Purchase of intangibles: $0.00Proceeds from sales of property, plant and equipment: $0.00Purchases of property, plant and equipment: -$125,000,000.00PP&E purchases−$125.00 MAcquisitions of businesses: -$85,000,000.00Business acquisitions, gross−$85.00 MNet cash used in investing activities: -$209,000,000.00. Cash required to fund net payments.Investing cash−$209.00 Minvesting reconciliation: $210,000,000.00Cash sources and uses: $1,066,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $438,000,000.00Beginning cash$438.00 MEnding cash: Cash, cash equivalents, and restricted cash: $560,000,000.00Ending cash$560.00 MExchange-rate effect: -$15,000,000.00FX effect−$15.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$503.00 MOperating cash − cash spent on PP&ECash flow / Net income1.02×Operating cash flow ÷ net incomeNet cash change+$122.00 MEnding cash − beginning cash
Chart details

Keurig Dr Pepper Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
438,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
628,000,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date, and the prior quarter's tagged operating lines do not add up to its total. It may combine inflows and outflows.
Net income
616,000,000 US dollars
Depreciation expense
103,000,000 US dollars
Amortization of intangibles
33,000,000 US dollars
Other amortization expense
39,000,000 US dollars
Provision for sales returns
21,000,000 US dollars
Deferred income taxes
4,000,000 US dollars
Employee stock-based compensation expense
24,000,000 US dollars
Loss (gain) on disposal of property, plant and equipment
1,000,000 US dollars
Unrealized loss (gain) on foreign currency
negative 2,000,000 US dollars
Unrealized loss on derivatives
negative 13,000,000 US dollars
Equity in earnings of unconsolidated affiliates
negative 5,000,000 US dollars
Earned equity from distribution arrangements
negative 19,000,000 US dollars
Other, net
4,000,000 US dollars
Trade accounts receivable
negative 215,000,000 US dollars
Inventories
negative 339,000,000 US dollars
Income taxes receivable and payables, net
27,000,000 US dollars
Other current and non-current assets
negative 384,000,000 US dollars
Accounts payable and accrued expenses
39,000,000 US dollars
Other current and non-current liabilities
negative 38,000,000 US dollars
Remaining operating cash flows, net (calculated)
732,000,000 US dollars
Investing activities
negative 209,000,000 US dollars. Net cash used.
Other, net
1,000,000 US dollars
Investments in unconsolidated affiliates
0 US dollars
Purchase of intangibles
0 US dollars
Proceeds from sales of property, plant and equipment
0 US dollars
Purchases of property, plant and equipment
negative 125,000,000 US dollars
Acquisitions of businesses
negative 85,000,000 US dollars
Financing activities
negative 282,000,000 US dollars. Net cash used.
Other, net
0 US dollars
Repayments of structured payables
negative 29,000,000 US dollars
Tax withholdings related to net share settlements
negative 15,000,000 US dollars
Repurchases of common stock
0 US dollars
Proceeds from issuance of Notes
0 US dollars
Payments on finance leases
negative 27,000,000 US dollars
Proceeds from structured payables
8,000,000 US dollars
Net (repayment) issuance of commercial paper
73,000,000 US dollars
Repayments of Notes
0 US dollars
Cash dividends paid
negative 292,000,000 US dollars
Operating adjustment reconciliation
1,027,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing gross reconciliation
363,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
210,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 15,000,000 US dollars
Ending cash on Sep 30, 2024
560,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,066,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
122,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.02×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
628,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
125,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
503,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $12.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 628,000,000 US dollars minus 125,000,000 US dollars equals 503,000,000 US dollars.
Keurig Dr Pepper Inc. (KDP) FY2024 Q3 Statement of Cash Flows Sankey chart
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