KO · 10-Q · 2026Q4 · Full report

Operating Cash Flow Trends

COCA COLA CO · 2026-10-28 · Importance 69 · Surprise 64 · From source text

Net cash provided by operating activities increased to $12.471 billion for the nine months ended October 2, 2026, from $3.652 billion in the comparable 2025 period. The increase reflected strong cash operating results, benefits from receivables factoring, lower income tax and net interest payments, favorable foreign exchange, working-capital timing and lower annual incentive payments. These benefits were partly offset by higher restructuring payments and unfavorable hedging activity. The prior-year period included $6.069 billion of the $6.173 billion final fairlife milestone payment.

Key facts

• Net cash provided by Coca-Cola's operating activities was $12,471 million for the nine months ended October 2, 2026, versus $3,652 million for the nine months ended September 26, 2025. source
• The increase in Coca-Cola's operating cash flow was primarily driven by strong cash operating results, factoring-program benefits, lower income tax payments, favorable foreign exchange, working-capital timing, lower net interest payments and lower annual incentive payments; offsets included higher prior-year pension asset transfers, higher restructuring payments and unfavorable hedging activity. source

Impact estimates