Keurig Dr Pepper Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.08B | $1.44B | $2.18B | $1.44B | $2.15B | $1.33B | $1.25B | $586.0M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $455.0M | $422.0M | $402.0M | $399.0M | $410.0M | $362.0M | $358.0M | $233.0M |
| Amortization | $138.0M | $133.0M | $137.0M | $138.0M | $134.0M | $133.0M | $126.0M | $121.0M |
| Stock-Based Compensation | $97.0M | $98.0M | $116.0M | $52.0M | $88.0M | $85.0M | $64.0M | $35.0M |
| Net Cash from Operating Activities | $1.99B | $2.22B | $1.33B | $2.84B | $2.87B | $2.46B | $2.47B | $1.61B |
| Investing Activities | ||||||||
| Capital Expenditures | $486.0M | $563.0M | $425.0M | $353.0M | $423.0M | $461.0M | $330.0M | $180.0M |
| Business Acquisitions | $149.0M | $1.00B | $0 | $0 | $0 | $0 | $8.0M | $19.11B |
| Net Cash from Investing Activities | $-573.0M | $-1.61B | $-784.0M | $-1.14B | $210.0M | $-316.0M | $-150.0M | $-19.13B |
| Financing Activities | ||||||||
| Dividends Paid | $1.25B | $1.19B | $1.14B | $1.08B | $955.0M | $846.0M | $844.0M | $232.0M |
| Stock Repurchases | $9.0M | $1.11B | $706.0M | $379.0M | $0 | $0 | — | — |
| Net Cash from Financing Activities | $-999.0M | $-223.0M | $-832.0M | $-1.73B | $-2.76B | $-1.99B | $-2.36B | $17.58B |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $1.51B | $1.66B | $904.0M | $2.48B | $2.45B | $2.00B | $2.14B | $1.43B |