Keurig Dr Pepper Cash Flow Statement
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Keurig Dr Pepper free cash flow
In fiscal 2025, Keurig Dr Pepper generated $1.99 billion of operating cash flow and spent $486.0 million on capital expenditures. That left free cash flow of $1.50 billion, a free-cash-flow margin of 9.1% of revenue. Free cash flow was down 9.1% from the prior year's $1.66 billion.
Keurig Dr Pepper returned $1.26 billion to shareholders: $1.25 billion in dividends and $9.0 million in share repurchases, equal to 84% of free cash flow. Free cash flow covered dividend payments 1.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
Keurig Dr Pepper cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20172017-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 2.08B | 1.44B | 2.18B | 1.44B | 2.15B | 1.32B | 1.25B | 589.00M | 1.08B | 383.00M |
| Net Income growth (YoY) | +44.27% | -33.93% | +51.99% | -33.10% | +61.89% | +5.66% | +112.90% | -45.26% | +180.94% | -54.78% |
| Depreciation & Amortization | 455.00M | 422.00M | 402.00M | 399.00M | 410.00M | 362.00M | 358.00M | 233.00M | 102.00M | 142.00M |
| Stock-Based Compensation | 97.00M | 98.00M | 116.00M | 52.00M | 88.00M | 85.00M | 64.00M | 35.00M | 36.00M | 58.00M |
| Change in Working Capital | -1.00B | -591.00M | -1.75B | -275.00M | 351.00M | 166.00M | 366.00M | 457.00M | -62.00M | 896.00M |
| Operating Cash Flow | 1.99B | 2.22B | 1.33B | 2.84B | 2.87B | 2.46B | 2.47B | 1.61B | 1.04B | 1.75B |
| Capital Expenditures | -486.00M | -563.00M | -425.00M | -353.00M | -423.00M | -461.00M | -330.00M | -180.00M | -202.00M | -66.00M |
| Investing Cash Flow | -573.00M | -1.61B | -784.00M | -1.14B | 210.00M | -316.00M | -150.00M | -19.13B | -1.76B | 180.00M |
| Dividends Paid | -1.25B | -1.19B | -1.14B | -1.08B | -955.00M | -846.00M | -844.00M | -232.00M | -414.00M | -55.00M |
| Share Repurchases | -9.00M | -1.11B | -706.00M | -379.00M | 0 | 0 | — | 0 | -399.00M | 0 |
| Debt Issued | 2.00B | 3.00B | 0 | 3.00B | 2.15B | 1.50B | 0 | 8.00B | 400.00M | 0 |
| Debt Repaid | -1.03B | -1.15B | -500.00M | -3.37B | -3.60B | -250.00M | -250.00M | 0 | -562.00M | 0 |
| Financing Cash Flow | -999.00M | -223.00M | -832.00M | -1.73B | -2.76B | -1.99B | -2.36B | 17.58B | -907.00M | -2.03B |
| Net Change in Cash | 419.00M | 382.00M | -287.00M | -26.00M | 322.00M | 150.00M | -40.00M | 59.00M | — | -97.00M |
| Free Cash Flow | 1.50B | 1.66B | 904.00M | 2.48B | 2.45B | 2.00B | 2.14B | 1.43B | 836.00M | 1.68B |
This table shows 10 annual periods of Keurig Dr Pepper's cash flow statement, from FY 2025 back to FY 2017, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow KDP's reporting calendar. What is a cash flow statement?