Kraft Heinz Co
For the period ended Mar 30, 2024. Filed May 1, 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.
Mar 30, 2024 · Filed May 1, 2024
KHC$24.24-0.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| For the Three Months Ended | ||
|---|---|---|
| March 30, 2024 | April 1, 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income/(loss) | $804 | $837 |
| Adjustments to reconcile net income/(loss) to operating cash flows: | ||
| Depreciation and amortization | 230 | 220 |
| Amortization of postemployment benefit plans prior service costs/(credits) | (3) | (3) |
| Divestiture-related license income | (14) | (13) |
| Equity award compensation expense | 31 | 31 |
| Deferred income tax provision/(benefit) | 1 | (3) |
| Postemployment benefit plan contributions | (5) | (6) |
| Nonmonetary currency devaluation | 3 | 3 |
| Loss/(gain) on sale of business | 80 | 1 |
| Other items, net | (14) | 29 |
| Changes in current assets and liabilities: | ||
| Trade receivables | (145) | (151) |
| Inventories | (56) | (406) |
| Accounts payable | (49) | (32) |
| Other current assets | (32) | (53) |
| Other current liabilities | (60) | 32 |
| Net cash provided by/(used for) operating activities | 771 | 486 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures | (294) | (266) |
| Proceeds from sale of business, net of cash disposed and working capital adjustments | (3) | — |
| Other investing activities, net | 10 | 2 |
| Net cash provided by/(used for) investing activities | (287) | (264) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Repayments of long-term debt | (1) | (1) |
| Proceeds from issuance of long-term debt | 593 | — |
| Dividends paid | (486) | (491) |
| Repurchases of common stock | (329) | (22) |
| Other financing activities, net | (16) | 75 |
| Net cash provided by/(used for) financing activities | (239) | (439) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (21) | 4 |
| Cash, cash equivalents, and restricted cash | ||
| Net increase/(decrease) | 224 | (213) |
| Balance at beginning of period | 1,404 | 1,041 |
| Balance at end of period | $1,628 | $828 |
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