Financial Statement Analysis Coca Cola

COCA-COLA CO (KO) Statement of CASH FLOW Fiscal year ends in December. USD in millions except per share data. 2013-12 2014-12 2015-12 2016-12 2017-12 TTM Cash Flows From Operating Activities Net income 8626 7124 7366 6550 1182 1182 Depreciation & amortization 1977 1976 1970 1787 1260 1260 Deferred income taxes 648 -40 73 -856 -1256 -1256 (Gain) Loss from discontinued operations -101 -101 Stock based compensation 227 209 236 258 219 219 Change in working capital -932 -439 -157 -221 3529 3529 Accounts receivable 28 -253 -212 -28 -141 -141 Inventory -105 35 -250 -142 -355 -355 Prepaid expenses -163 194 123 283 571 571 Accrued liabilities 22 151 -306 750 Income taxes payable -153 -153 Other working capital -714 -566 488 -1084 3607 3607 Other non-cash items -4 1785 1040 1278 2162 2162 Net cash provided by operating activities 10542 10615 10528 8796 6995 6995 Cash Flows From Investing Activities Investments in property, plant, and equipment -2550 -2406 -2553 -2262 -1675 -1675 Property, plant, and equipment reductions 111 223 85 150 104 104 Acquisitions, net 519 -241 -1926 197 -79 -79 Purchases of investments -14782 -17800 -15831 -15499 -16520 -16520 Sales/Maturities of investments 12791 12986 14079 16624 15911 15911 Other investing activities -303 -268 -40 -209 -126 -126 Net cash used for investing activities -4214 -7506 -6186 -999 -2385 -2385 Cash Flows From Financing Activities Debt issued 43425 41674 40434 27281 29857 29857 Debt repayment -38714 -36962 -37738 -25615 -28768 -28768 Common stock issued 1328 1532 1245 1434 1595 1595 Common stock repurchased -4832 -4162 -3564 -3681 -3682 -3682 Dividend paid -4969 -5350 -5741 -6043 -6320 -6320 Other financing activities 17 -363 251 79 -91 -91 Net cash provided by (used for) financing activities -3745 -3631 -5113 -6545 -7409 -7409 Effect of exchange rate changes -611 -934 -878 -6 242 242

Net change in cash 1972 -1456 -1649 1246 -2557 -2557 Cash at beginning of period 8442 10414 8958 7309 8555 8555 Cash at end of period 10414 8958 7309 8555 5998 5998 Free Cash Flow Operating cash flow 10542 10615 10528 8796 6995 6995 Capital expenditure -2550 -2406 -2553 -2262 -1675 -1675 Free cash flow 7992 8209 7975 6534 5320 5320