The Coca-Cola Company

NYSE-KO

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	3,683	3,803	3,335	2,213	2,850	2,401
Consolidated Net Income
Income from Discontinued Operations
Net Income from Continuing Operations
Depreciation & Amortization	268	279	267	276	268	269
Depreciation and Amortization
Stock Based Compensation	74	67	63	79	67	72
Stock-Based Compensation Expense
Other Adjustments	-173	372	-346	-226	415	982
Deferred Income Taxes
Equity Income - Net of Dividends
Foreign Currency Adjustments
Significant Gains - Net
Other Operating Charges
Other Items
Changes in Other Operating Activities	1,191	-710	-8,521	1,609	-4,859	-139
Net Change in Operating Assets and Liabilities
Net Cash Provided by Operating Activities from Discontinued Operations
Cash from Operating Activities	5,043	3,811	-5,202	3,951	-1,259	3,585
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-479	-442	-309	-803	-469	-422
Purchases of Property, Plant and Equipment
Proceeds from Sale of Property, Plant & Equipment	8	5	8	7	12	7
Proceeds from Disposals of Property, Plant and Equipment
Purchases of Investments	-427	-358	-2,507	-1,242	-571	-1,275
Purchases of Investments
Proceeds from Sale of Investments	2,099	1,196	1,005	1,464	2,463	2,218
Proceeds from Disposals of Investments
Payments for Business Acquisitions	-177	-137	-42	-162	-128	-17
Acquisitions of Businesses, Equity Method Investments and Nonmarketable Securities
Proceeds from Business Divestments	47	225	748	17	561	14
Proceeds from Disposals of Businesses, Equity Method Investments and Nonmarketable Securities
Other Investing Activities	184	300	30	-30.5	442	142
Collateral Received Associated with Hedging Activities - Net
Other Investing Activities
Net Cash Provided by Investing Activities from Discontinued Operations
Cash from Investing Activities	1,255	789	-1,067	-783	2,310	667
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	-466	-116	5,436	763	4,466	4,547
Issuances of Loans, Notes Payable and Long-Term Debt
Repayments of Long-Term Debt	-1,536	-1,031	-1,599	-1,608	-3,191	-3,368
Payments of Loans, Notes Payable and Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	-2,002	-1,147	3,837	-845	1,275	1,179
Issuance of Common Shares	20	64	159	30	280	147
Issuances of Stock
Repurchases of Common Shares	-172	-102	-370	-567	-354	-172
Purchases of Stock for Treasury
Net Issuance / (Repurchases) of Common Shares	-152	-38	-211	-537	-74	-25
Common Share Dividends Paid	-2,108	-2,194	-89	-4,085	-2,090	-2,085
Dividends
Other Financing Activities	1,122	-1	-105	-17	-5	-7
Other Financing Activities
Net Cash Provided by Financing Activities from Discontinued Operations
Proceeds from Sale of a Noncontrolling Interest
Cash from Financing Activities	-3,140	-3,380	3,432	-5,484	-894	-938
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	4,564	3,369	-5,511	3,148	-1,728	3,163
NOPAT	3,506	3,393.8	3,007.8	2,136.5	2,116.4	2,087
Levered Free Cash Flow	2,674	1,790	-1,396	2,432	-937	3,298
Unlevered Free Cash Flow	4,486	2,520.8	-5,555.2	3,218.5	-2,943.6	1,795
Net Change in Cash	3,158	1,220	-2,837	-2,316	157	3,314