v3.25.2
Condensed Consolidated Interim Statement of Cash Flows (Unaudited) - EUR (€)
€ in Millions
 6 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Cash flows from operating activities:    
Profit before taxes € 1,260 € 1,045
Adjustments to reconcile profit before tax to net cash flows from operating activities:    
Depreciation 380 360
Amortisation of intangible assets 89 88
Impairment 0 12
Share-based payment expense 21 20
Gain on sale of property (30) 0
Finance costs, net 98 87
Income taxes paid (230) (243)
Changes in assets and liabilities:    
Increase in trade and other receivables (767) (347)
Increase in inventories (262) (338)
Increase in trade and other payables 705 308
Increase in net payable receivable from related parties 123 113
(Decrease)/increase in provisions (94) 42
Change in other operating assets and liabilities (307) (25)
Net cash flows from operating activities 986 1,122
Cash flows from investing activities:    
Acquisition of bottling operations, net of cash acquired 0 (1,528)
Purchases of property, plant and equipment (343) (390)
Purchases of capitalised software (87) (42)
Proceeds from sales of property, plant and equipment 45 2
Investments in equity instruments (1) (3)
Net (payments)/proceeds of short term investments (271) 296
Interest received 24 37
Other investing activity, net 0 6
Net cash flows used in investing activities (633) (1,622)
Cash flows from financing activities:    
Proceeds from borrowings, net 793 382
Proceeds received from a non-controlling shareholder relating to the acquisition of bottling operations 0 468
Changes in short-term borrowings 355 1,133
Settlement of debt-related cross currency swaps 0 66
Repayments on third party borrowings (366) (1,167)
Payments of principal on lease obligations (76) (77)
Interest paid (124) (125)
Dividends paid (367) (343)
Purchase of own shares under share buyback programme (365) 0
Treasury shares acquired (40) 0
Exercise of employee share options 1 11
Other financing activities, net (15) (16)
Net cash flows used in financing activities (204) 332
Net change in net cash and cash equivalents 149 (168)
Net effect of currency exchange rate changes on cash and cash equivalents (53) 25
Net cash and cash equivalents at beginning of period 1,563 1,419
Net cash and cash equivalents at end of period 1,659 1,276
Cash and cash equivalents 1,563  
Bank overdrafts 0 (334)
Net cash and cash equivalents at end of period € 1,659 € 1,276