Coca-Cola Consolidated Inc
For the period ended Sep 27, 2024. Filed Oct 30, 2024.
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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.
Sep 27, 2024 · Filed Oct 30, 2024
COKE$214.28+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| First Nine Months | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Cash Flows from Operating Activities: | ||
| Net income | $454,177 | $332,539 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization expense from property, plant and equipment and financing leases | 125,593 | 113,664 |
| Amortization of intangible assets and deferred proceeds, net | 17,586 | 17,632 |
| Fair value adjustment of acquisition related contingent consideration | 90,877 | 86,038 |
| Deferred income taxes | (18,030) | (34,881) |
| Loss on sale of property, plant and equipment | 4,081 | 5,863 |
| Amortization of debt costs | 1,496 | 742 |
| Pension plan settlement expense | — | 117,096 |
| Change in current assets less current liabilities | 55,763 | 35,791 |
| Change in other noncurrent assets | 7,595 | 13,417 |
| Change in other noncurrent liabilities | (31,245) | (43,352) |
| Total adjustments | 253,716 | 312,010 |
| Net cash provided by operating activities | $707,893 | $644,549 |
| Cash Flows from Investing Activities: | ||
| Additions to property, plant and equipment | $(287,333) | $(152,260) |
| Purchases of short-term investments | (283,488) | — |
| Proceeds from the disposal of short-term investments | 72,232 | — |
| Investment in equity method investees | (9,794) | (9,044) |
| Proceeds from the sale of property, plant and equipment | 425 | 441 |
| Net cash used in investing activities | $(507,958) | $(160,863) |
| Cash Flows from Financing Activities: | ||
| Proceeds from bond issuance | $1,200,000 | $— |
| Payments related to share repurchases | (574,009) | — |
| Cash dividends paid | (163,733) | (42,182) |
| Payments of acquisition related contingent consideration | (44,243) | (20,979) |
| Debt issuance fees | (15,365) | (244) |
| Payments on financing lease obligations | (1,848) | (1,712) |
| Net cash provided by (used in) financing activities | $400,802 | $(65,117) |
| Net increase in cash during period | $600,737 | $418,569 |
| Cash at beginning of period | 635,269 | 197,648 |
| Cash at end of period | $1,236,006 | $616,217 |
| Significant non-cash investing and financing activities: | ||
| Additions to property, plant and equipment accrued and recorded in accounts payable, trade | $34,791 | $32,388 |
| Right-of-use assets obtained in exchange for operating lease obligations | 1,299 | 4,253 |
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