Kraft Heinz Co
For the period ended Dec 28, 2024. Filed Feb 13, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 13, 2025
KHC$24.24-0.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| December 28, 2024 | December 30, 2023 | December 31, 2022 | |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income/(loss) | $2,746 | $2,846 | $2,368 |
| Adjustments to reconcile net income/(loss) to operating cash flows: | |||
| Depreciation and amortization | 948 | 961 | 933 |
| Divestiture-related license income | (54) | (54) | (56) |
| Equity award compensation expense | 109 | 141 | 148 |
| Deferred income tax provision/(benefit) | (2,857) | 17 | (278) |
| Postemployment benefit plan asset transfers/(contributions) | 161 | (22) | (23) |
| Goodwill and intangible asset impairment losses | 3,669 | 662 | 913 |
| Nonmonetary currency devaluation | 16 | 28 | 17 |
| Loss/(gain) on sale of business | 81 | (4) | (25) |
| Loss/(gain) on extinguishment of debt | — | — | (38) |
| Other items, net | (46) | 207 | (7) |
| Changes in current assets and liabilities: | |||
| Trade receivables | (139) | 18 | (228) |
| Inventories | (6) | (106) | (1,121) |
| Accounts payable | (308) | (295) | 152 |
| Other current assets | (38) | 139 | (314) |
| Other current liabilities | (98) | (562) | 28 |
| Net cash provided by/(used for) operating activities | 4,184 | 3,976 | 2,469 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Capital expenditures | (1,024) | (1,013) | (916) |
| Payments to acquire business, net of cash acquired | — | — | (481) |
| Payments to acquire intangible assets | (140) | — | — |
| Settlement of net investment hedges | 75 | 31 | 208 |
| Proceeds from sale of business, net of cash disposed and working capital adjustments | 8 | — | 88 |
| Other investing activities, net | 58 | 66 | 10 |
| Net cash provided by/(used for) investing activities | (1,023) | (916) | (1,091) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Repayments of long-term debt | (618) | (848) | (1,465) |
| Proceeds from issuance of long-term debt | 594 | 657 | — |
| Debt prepayment and extinguishment benefit/(costs) | — | — | 10 |
| Proceeds from issuance of commercial paper | — | 150 | 228 |
| Repayments of commercial paper | — | (150) | (228) |
| Dividends paid | (1,931) | (1,965) | (1,960) |
| Repurchases of common stock | (988) | (455) | (280) |
| Other financing activities, net | (65) | (67) | (19) |
| Net cash provided by/(used for) financing activities | (3,008) | (2,678) | (3,714) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (71) | (19) | (69) |
| Cash, cash equivalents, and restricted cash | |||
| Net increase/(decrease) | 82 | 363 | (2,405) |
| Balance at beginning of period | 1,404 | 1,041 | 3,446 |
| Balance at end of period | $1,486 | $1,404 | $1,041 |
| CASH PAID DURING THE PERIOD FOR: | |||
| Interest | $906 | $896 | $937 |
| Income taxes, net of refunds | 967 | 932 | 1,260 |
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