KO · 10-Q · 2026Q3 · Full report

Operating Cash Flow Trends

COCA COLA CO · 2026-07-29 · Importance 83 · Surprise 82 · No source text

Net cash provided by operating activities was $7.543 billion in the six months ended July 3, 2026, compared with $1.391 billion of net cash used in the prior-year period. The $8.934 billion improvement was driven by stronger cash operating results, the current-year receivables-factoring benefit, lower income-tax and interest payments, favorable foreign-exchange effects, and lower annual incentive payments. The prior-year period included a $6.069 billion fairlife final milestone payment, which reduced 2025 operating cash flow.

Key facts

• Net cash provided by operating activities during the six months ended July 3, 2026 was $7,543 million, and net cash used in operating activities during the six months ended June 27, 2025 was $1,391 million.
• The increase in net cash provided by operating activities was primarily driven by strong cash operating results, a benefit of the trade accounts receivable factoring program in the current year, lower income tax payments, a favorable impact due to foreign currency exchange rate fluctuations, lower net interest payments and lower annual incentive payments.

Impact estimates