The Coca-Cola Company said net cash used in operating activities during the 6 months ended June 27, 2025 was $1,391 million, compared to net cash provided by operating activities of $4,113 million in the prior-year period, and cited the $6,069 million portion of the $6,173 million final milestone payment for fairlife as a factor in the decrease.

1. 01

   The Coca-Cola Company said net cash used in operating activities during the 6 months ended June 27, 2025 was $1,391 million, compared to net cash provided by operating activities of $4,113 million in the prior-year period, and cited the $6,069 million portion of the $6,173 million final milestone payment for fairlife as a factor in the decrease.

2. 02

   The company said net operating revenues for the 3 months ended June 27, 2025 were $12,535 million, an increase of $172 million, or 1%, compared to $12,363 million in the prior-year period, and that worldwide concentrate sales volume and unit case volume each decreased 1%.

3. 03

   The Coca-Cola Company said it paid the IRS $6.0 billion in total liability resulting from the Tax Court's decision for the 2007 through 2009 tax years and is appealing, and estimated the potential aggregate incremental tax and interest liability for the 2010 through 2024 tax years at approximately $12 billion as of December 31, 2024.

4. 04

   The company said that as of June 27, 2025, its cash, cash equivalents, short-term investments and marketable securities totaled $14.3 billion, it had $4.6 billion in unused backup lines of credit, and that foreign currency exchange rate fluctuations decreased operating revenues for the 3 months and 6 months by 14% and 16%, respectively.

Key figures

Quarter ended June 27, 2025

Revenue

$12.5B

Operating income

$4.3B

Net income

$3.8B

EPS

$0.88

Gross profit

$7.8B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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