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

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-09-30

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Keurig Dr Pepper Inc. cash flow reconciliation, Jan 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. 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: $1,370,000,000.00Net income → Operating adjustments reconciliation: $215,000,000.00Depreciation expense → Operating adjustments reconciliation: $310,000,000.00Other amortization expense → Operating adjustments reconciliation: $140,000,000.00Amortization of intangibles → Operating adjustments reconciliation: $100,000,000.00Employee stock-based compensation expense → Operating adjustments reconciliation: $76,000,000.00Provision for sales returns → Operating adjustments reconciliation: $50,000,000.00Unrealized loss on derivatives → Operating adjustments reconciliation: $23,000,000.00Deferred income taxes → Operating adjustments reconciliation: $21,000,000.00Loss (gain) on disposal of property, plant and equipment → Operating adjustments reconciliation: $19,000,000.00Unrealized loss (gain) on foreign currency → Operating adjustments reconciliation: $14,000,000.00Other, net → Operating adjustments reconciliation: $9,000,000.00Operating adjustments reconciliation → Accounts payable and accrued expenses: $275,000,000.00Operating adjustments reconciliation → Inventories: $220,000,000.00Operating adjustments reconciliation → Other current and non-current assets: $204,000,000.00Operating adjustments reconciliation → Trade accounts receivable: $148,000,000.00Operating adjustments reconciliation → Earned equity from distribution arrangements: $64,000,000.00Operating adjustments reconciliation → Other current and non-current liabilities: $37,000,000.00Operating adjustments reconciliation → Equity in earnings of unconsolidated affiliates: $22,000,000.00Operating adjustments reconciliation → Income taxes receivable and payables, net: $7,000,000.00Proceeds from sales of property, plant and equipment → investing reconciliation: $1,000,000.00investing reconciliation → Purchases of property, plant and equipment: $398,000,000.00investing reconciliation → Acquisitions of businesses: $85,000,000.00investing reconciliation → Purchase of intangibles: $49,000,000.00investing reconciliation → Investments in unconsolidated affiliates: $7,000,000.00Net cash used in financing activities → financing reconciliation: $504,000,000.00Proceeds from issuance of Notes → financing reconciliation: $3,000,000,000.00Proceeds from structured payables → financing reconciliation: $39,000,000.00financing reconciliation → Repayments of Notes: $1,150,000,000.00financing reconciliation → Repurchases of common stock: $1,105,000,000.00financing reconciliation → Cash dividends paid: $883,000,000.00financing reconciliation → Net (repayment) issuance of commercial paper: $153,000,000.00financing reconciliation → Repayments of structured payables: $89,000,000.00financing reconciliation → Payments on finance leases: $83,000,000.00financing reconciliation → Tax withholdings related to net share settlements: $58,000,000.00financing reconciliation → Other, net: $22,000,000.00Net cash used in investing activities → investing reconciliation: $538,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $267,000,000.00Net cash from operating activities → Cash sources and uses: $1,370,000,000.00Cash sources and uses → Exchange-rate effect: $35,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $560,000,000.00Cash sources and uses → Net cash used in investing activities: $538,000,000.00Cash sources and uses → Net cash used in financing activities: $504,000,000.00Net income: $1,585,000,000.00Net income+$1.59 BDepreciation expense: $310,000,000.00Depreciation expense+$310.00 MAmortization of intangibles: $100,000,000.00Intangible amortization+$100.00 MOther amortization expense: $140,000,000.00Deferred charges amortization+$140.00 MProvision for sales returns: $50,000,000.00Other gains & provisions+$50.00 MDeferred income taxes: $21,000,000.00Deferred taxes & credits+$21.00 MEmployee stock-based compensation expense: $76,000,000.00Stock-based compensation+$76.00 MLoss (gain) on disposal of property, plant and equipment: $19,000,000.00PP&E disposal gain & loss+$19.00 MUnrealized loss (gain) on foreign currency: $14,000,000.00Unrealized FX gain & loss+$14.00 MUnrealized loss on derivatives: $23,000,000.00Derivative value change+$23.00 MEquity in earnings of unconsolidated affiliates: -$22,000,000.00Equity-method results−$22.00 MEarned equity from distribution arrangements: -$64,000,000.00Earned equity from distribution arrangements−$64.00 MOther, net: $9,000,000.00Other non-cash items+$9.00 MTrade accounts receivable: -$148,000,000.00Accounts receivable−$148.00 MInventories: -$220,000,000.00Inventories−$220.00 MIncome taxes receivable and payables, net: -$7,000,000.00Income taxes payable−$7.00 MOther current and non-current assets: -$204,000,000.00Other operating assets−$204.00 MAccounts payable and accrued expenses: -$275,000,000.00Other payables & accruals−$275.00 MOther current and non-current liabilities: -$37,000,000.00Other operating liabilities−$37.00 MSettlements of interest rate contracts: $0.00Impairment of intangible assets: $0.00Net cash from operating activities: $1,370,000,000.00Operating cash+$1.37 BOperating adjustments reconciliation: $977,000,000.00Other, net: -$22,000,000.00Other financing, net−$22.00 MRepayments of structured payables: -$89,000,000.00Notes payable repaid−$89.00 MTax withholdings related to net share settlements: -$58,000,000.00Stock-award tax withholding−$58.00 MRepurchases of common stock: -$1,105,000,000.00Common stock repurchases−$1.11 BProceeds from issuance of Notes: $3,000,000,000.00Senior debt issued+$3.00 BPayments on finance leases: -$83,000,000.00Finance lease payments−$83.00 MProceeds from structured payables: $39,000,000.00Notes payable issued+$39.00 MNet (repayment) issuance of commercial paper: -$153,000,000.00Commercial paper, net−$153.00 MRepayments of Notes: -$1,150,000,000.00Senior debt repaid−$1.15 BCash dividends paid: -$883,000,000.00Dividends paid−$883.00 MNet cash used in financing activities: -$504,000,000.00. Cash required to fund net payments.Financing cash−$504.00 Mfinancing reconciliation: $3,543,000,000.00Other, net: $0.00Investments in unconsolidated affiliates: -$7,000,000.00Equity-method investments made−$7.00 MPurchase of intangibles: -$49,000,000.00Intangible asset purchases−$49.00 MProceeds from sales of property, plant and equipment: $1,000,000.00PP&E sales+$1.00 MPurchases of property, plant and equipment: -$398,000,000.00PP&E purchases−$398.00 MAcquisitions of businesses: -$85,000,000.00Business acquisitions, gross−$85.00 MNet cash used in investing activities: -$538,000,000.00. Cash required to fund net payments.Investing cash−$538.00 Minvesting reconciliation: $539,000,000.00Cash sources and uses: $1,637,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $267,000,000.00Beginning cash$267.00 MEnding cash: Cash, cash equivalents, and restricted cash: $560,000,000.00Ending cash$560.00 MExchange-rate effect: -$35,000,000.00FX effect−$35.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$972.00 MOperating cash − cash spent on PP&ECash flow / Net income0.86×Operating cash flow ÷ net incomeNet cash change+$293.00 MEnding cash − beginning cash
Chart details

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

Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. 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 Dec 31, 2023
267,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,370,000,000 US dollars. Net cash provided.
Net income
1,585,000,000 US dollars
Depreciation expense
310,000,000 US dollars
Amortization of intangibles
100,000,000 US dollars
Other amortization expense
140,000,000 US dollars
Provision for sales returns
50,000,000 US dollars
Deferred income taxes
21,000,000 US dollars
Employee stock-based compensation expense
76,000,000 US dollars
Loss (gain) on disposal of property, plant and equipment
19,000,000 US dollars
Unrealized loss (gain) on foreign currency
14,000,000 US dollars
Unrealized loss on derivatives
23,000,000 US dollars
Equity in earnings of unconsolidated affiliates
negative 22,000,000 US dollars
Earned equity from distribution arrangements
negative 64,000,000 US dollars
Other, net
9,000,000 US dollars
Trade accounts receivable
negative 148,000,000 US dollars
Inventories
negative 220,000,000 US dollars
Income taxes receivable and payables, net
negative 7,000,000 US dollars
Other current and non-current assets
negative 204,000,000 US dollars
Accounts payable and accrued expenses
negative 275,000,000 US dollars
Other current and non-current liabilities
negative 37,000,000 US dollars
Settlements of interest rate contracts
0 US dollars
Impairment of intangible assets
0 US dollars
Investing activities
negative 538,000,000 US dollars. Net cash used.
Other, net
0 US dollars
Investments in unconsolidated affiliates
negative 7,000,000 US dollars
Purchase of intangibles
negative 49,000,000 US dollars
Proceeds from sales of property, plant and equipment
1,000,000 US dollars
Purchases of property, plant and equipment
negative 398,000,000 US dollars
Acquisitions of businesses
negative 85,000,000 US dollars
Financing activities
negative 504,000,000 US dollars. Net cash used.
Other, net
negative 22,000,000 US dollars
Repayments of structured payables
negative 89,000,000 US dollars
Tax withholdings related to net share settlements
negative 58,000,000 US dollars
Repurchases of common stock
negative 1,105,000,000 US dollars
Proceeds from issuance of Notes
3,000,000,000 US dollars
Payments on finance leases
negative 83,000,000 US dollars
Proceeds from structured payables
39,000,000 US dollars
Net (repayment) issuance of commercial paper
negative 153,000,000 US dollars
Repayments of Notes
negative 1,150,000,000 US dollars
Cash dividends paid
negative 883,000,000 US dollars
Operating adjustment reconciliation
977,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
3,543,000,000 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
539,000,000 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 35,000,000 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
1,637,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
293,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.86×. 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
1,370,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
398,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
972,000,000 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 exceeds operating cash. The diagram allocates $1.37B of net income directly to operating cash and $215.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of 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: 1,370,000,000 US dollars minus 398,000,000 US dollars equals 972,000,000 US dollars.
Keurig Dr Pepper Inc. (KDP) FY2024 YTD Q3 Statement of Cash Flows Sankey chart
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