KVUE · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

Kenvue Inc. · 2026-08-06 · Importance 54 · Surprise 40 · Contradicted

Net cash flow from operating activities increased to $1.177 billion for the six months ended June 28, 2026, from $1.049 billion in the prior-year period, a $128 million or 12.2% increase. The improvement primarily reflected a $223 million increase in net income after non-cash adjustments. A $95 million deterioration in net changes in assets and liabilities, driven mainly by working-capital changes, partially offset the increase.

Key facts

• Net cash flows from operating activities were $1,177 million and $1,049 million for the fiscal six months ended June 28, 2026 and June 29, 2025, respectively, an increase of 12.2%. source
• We expect our primary cash requirements for fiscal year 2026 to include capital expenditures, and we made payments of $203 million for purchases of property, plant, and equipment during the fiscal six months ended June 28, 2026. source
• Net cash flows used in investing activities were $245 million and $257 million for the fiscal six months ended June 28, 2026 and June 29, 2025, respectively, a decrease of $12 million. source
• Net cash flows from operating activities increased by $128 million primarily attributable to a $223 million increase in Net income after adjusting for non-cash items, partially offset by a $95 million decrease to the net changes in assets and liabilities. source
• Net cash flows used in investing activities were primarily driven by purchases of property, plant, and equipment in each of the fiscal six months ended June 28, 2026 and June 29, 2025. source

Impact estimates