Stock Analysis on Net

Kellanova (NYSE:K)

This company has been moved to the archive! The financial data has not been updated since August 1, 2024.

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Kellanova, consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 30, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 28, 2019
Net income 964 962 1,495 1,264 977
Depreciation and amortization 419 478 467 479 484
Postretirement benefit plan expense (benefit) 53 240 (392) (77) (89)
Deferred income taxes (21) (46) 125 69 47
Stock compensation 95 96 68 76 56
Loss on Russia Divestiture 113
Other 40 (42) (44) (21) 96
Tax payment related to divestitures (255)
Postretirement benefit plan contributions (42) (23) (20) (32) (28)
Trade receivables (42) (257) (9) 75 (145)
Inventories 139 (411) (135) (54) 2
Accounts payable (340) 411 194 (9) (9)
All other current assets and liabilities 267 243 (48) 216 40
Changes in operating assets and liabilities, net of acquisitions and divestitures 24 (14) 2 228 (112)
Adjustments to reconcile net income to operating cash flows 681 689 206 722 199
Net cash provided by operating activities 1,645 1,651 1,701 1,986 1,176
Additions to properties (677) (488) (553) (505) (586)
Issuance of notes receivable (4) (22) (28) (19) (30)
Repayments from notes receivable 10 28 14 5
Purchases of marketable securities (250)
Sales of marketable securities 250
Settlement of net investment hedges 68 37 19
Investments in unconsolidated entities (10)
Purchases of available for sale securities (15) (17) (61) (81) (18)
Sales of available for sale securities 64 19 72 19 83
Other 2 13 5 (13) 1,320
Net cash (used in) provided by investing activities (562) (448) (528) (585) 774
Net increase (reduction) of notes payable, with maturities less than or equal to 90 days (356) 337 (27) (16) (18)
Issuances of notes payable, with maturities greater than 90 days 35 28 73 44 62
Reductions of notes payable, with maturities greater than 90 days (25) (35) (63) (34) (69)
Issuances of long-term debt 404 39 361 557 80
Reductions of long-term debt (780) (648) (650) (1,229) (1,009)
Debt redemption costs (20) (17)
Net issuances of common stock 60 277 63 112 64
Common stock repurchases (170) (300) (240) (220)
Cash dividends (800) (797) (788) (782) (769)
Proceeds received from debt issued and retained by WK Kellogg Co 663
Cash retained by WK Kellogg Co at separation (78)
Other (63) 18 (35) (20) (9)
Net cash used in financing activities (1,110) (1,081) (1,306) (1,388) (1,905)
Effect of exchange rate changes on cash and cash equivalents 2 (109) (16) 25 31
Increase (decrease) in cash and cash equivalents (25) 13 (149) 38 76
Cash and cash equivalents at beginning of period 299 286 435 397 321
Cash and cash equivalents at end of period 274 299 286 435 397

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Kellanova net cash provided by operating activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Kellanova net cash (used in) provided by investing activities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net cash used in financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Kellanova net cash used in financing activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.