COCA COLA CO
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
KO$96.91+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(In millions)
| Year Ended December 31, | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating Activities | |||
| Consolidated net income | $13,137 | $10,649 | $10,703 |
| Adjustments to reconcile consolidated net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,050 | 1,075 | 1,128 |
| Stock-based compensation expense | 279 | 286 | 254 |
| Deferred income taxes | 517 | (11) | (2) |
| Equity (income) loss — net of dividends | (1,038) | (802) | (1,019) |
| Foreign currency adjustments | 191 | (110) | 175 |
| Significant (gains) losses — net | (713) | (1,737) | (492) |
| Other operating charges | 1,052 | 4,000 | 1,741 |
| Other items | 141 | (311) | (43) |
| Net change in operating assets and liabilities | (7,208) | (6,234) | (846) |
| Net Cash Provided by Operating Activities | 7,408 | 6,805 | 11,599 |
| Investing Activities | |||
| Purchases of investments | (6,160) | (5,640) | (6,698) |
| Proceeds from disposals of investments | 4,665 | 6,589 | 4,354 |
| Acquisitions of businesses, equity method investments and nonmarketable securities | (461) | (315) | (62) |
| Proceeds from disposals of businesses, equity method investments and nonmarketable securities | 3,567 | 3,485 | 430 |
| Purchases of property, plant and equipment | (2,112) | (2,064) | (1,852) |
| Proceeds from disposals of property, plant and equipment | 13 | 40 | 74 |
| Collateral (paid) received associated with hedging activities — net | 330 | 235 | 366 |
| Other investing activities | 91 | 194 | 39 |
| Net Cash Provided by (Used in) Investing Activities | (67) | 2,524 | (3,349) |
| Financing Activities | |||
| Issuances of loans, notes payable and long-term debt | 4,980 | 12,061 | 6,891 |
| Payments of loans, notes payable and long-term debt | (4,967) | (9,533) | (5,034) |
| Issuances of stock | 313 | 747 | 539 |
| Purchases of stock for treasury | (746) | (1,795) | (2,289) |
| Dividends | (8,779) | (8,359) | (7,952) |
| Proceeds from sale of a noncontrolling interest | 1,338 | — | — |
| Other financing activities | (279) | (31) | (465) |
| Net Cash Provided by (Used in) Financing Activities | (8,140) | (6,910) | (8,310) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 321 | (623) | (73) |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | |||
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the year | (478) | 1,796 | (133) |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year | 11,488 | 9,692 | 9,825 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at End of Year | 11,010 | 11,488 | 9,692 |
| Less: Restricted cash and restricted cash equivalents at end of year | 740 | 660 | 326 |
| Cash and Cash Equivalents at End of Year | $10,270 | $10,828 | $9,366 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.