Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 18

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 declared-common stock ($0.40 per share)— — (488)— — — (488)Dividends declared-noncontrolling interest ($98.77 per share)— — — — — (7)(7)Repurchase of common stock— — — — (280)— (280)Exercise of stock options, issuance of other stock awards, and other— 13 — — 15 3 31 Balance at March 30, 2024$12 $52,050 $1,680 $(2,669)$(1,551)$131 $49,653 

See accompanying notes to the condensed consolidated financial statements.

4

The Kraft Heinz Company

Condensed Consolidated Statements of Cash Flows

(in millions)

(Unaudited)

For the Three Months EndedMarch 29, 2025March 30, 2024CASH FLOWS FROM OPERATING ACTIVITIES:Net income/(loss)$714 $804 Adjustments to reconcile net income/(loss) to operating cash flows: Depreciation and amortization231 230 Divestiture-related license income(13)(14)Equity award compensation expense27 31 Deferred income tax provision/(benefit)51 1 Postemployment benefit plan contributions(4)(5)Nonmonetary currency devaluation14 3 Loss/(gain) on sale of business— 80 Other items, net(14)(17)Changes in current assets and liabilities:Trade receivables(89)(145)Inventories(217)(56)Accounts payable(11)(49)Other current assets(47)(32)Other current liabilities78 (60)Net cash provided by/(used for) operating activities720 771 CASH FLOWS FROM INVESTING ACTIVITIES:Capital expenditures(238)(294)Purchases of marketable securities(673)— Proceeds from sale of business, net of cash disposed and working capital adjustments9 (3)Other investing activities, net24 10 Net cash provided by/(used for) investing activities(878)(287)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from issuance of long-term debt1,620 593 Dividends paid(477)(486)Repurchases of common stock(225)(329)Other financing activities, net(18)(17)Net cash provided by/(used for