Coca-Cola Consolidated Inc
For the period ended Mar 29, 2024. Filed May 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 29, 2024 · Filed May 6, 2024
COKE$214.28+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| First Quarter | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Cash Flows from Operating Activities: | ||
| Net income | $165,741 | $118,127 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization expense from property, plant and equipment and financing leases | 40,888 | 37,601 |
| Amortization of intangible assets and deferred proceeds, net | 5,863 | 5,908 |
| Deferred income taxes | 56,616 | 40,743 |
| Fair value adjustment of acquisition related contingent consideration | (5,541) | 41,654 |
| Loss on sale of property, plant and equipment | 670 | 2,389 |
| Amortization of debt costs | 251 | 246 |
| Change in current assets less current liabilities | (44,257) | (49,538) |
| Change in other noncurrent assets | (781) | (1,430) |
| Change in other noncurrent liabilities | (25,177) | (11,006) |
| Total adjustments | 28,532 | 66,567 |
| Net cash provided by operating activities | $194,273 | $184,694 |
| Cash Flows from Investing Activities: | ||
| Purchases of short-term investments | $(183,806) | $— |
| Additions to property, plant and equipment | (77,040) | (52,700) |
| Investment in equity method investees | (3,632) | — |
| Proceeds from the disposal of short-term investments | 1,116 | — |
| Proceeds from the sale of property, plant and equipment | 100 | 158 |
| Net cash used in investing activities | $(263,262) | $(52,542) |
| Cash Flows from Financing Activities: | ||
| Cash dividends paid | $(154,666) | $(32,808) |
| Payments of acquisition related contingent consideration | (9,700) | (6,499) |
| Payments on financing lease obligations | (601) | (558) |
| Debt issuance fees | (53) | (154) |
| Net cash used in financing activities | $(165,020) | $(40,019) |
| Net (decrease) increase in cash during period | $(234,009) | $92,133 |
| Cash at beginning of period | 635,269 | 197,648 |
| Cash at end of period | $401,260 | $289,781 |
| Significant non-cash investing and financing activities: | ||
| Additions to property, plant and equipment accrued and recorded in accounts payable, trade | $24,310 | $18,112 |
| Right-of-use assets obtained in exchange for operating lease obligations | 74 | 723 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.