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COCA-COLA CONSOLIDATED, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Cash Flows from Operating Activities: Net income 2022 Fiscal Year 2021 2020 $ 430,158 $
COCA-COLA CONSOLIDATED, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Cash Flows from Operating Activities: Net income 2022 Fiscal Year 2021 2020 $ 430,158 $ 189,580 $ 182,097 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense from property, plant and equipment and financing leases Amortization of intangible assets and deferred proceeds, net 147,962 157,320 155,936 23,628 23,245 23,081 Fair value adjustment of acquisition related contingent consideration Deferred payroll taxes under CARES Act 32,301 146,308 31,210 (18,739) (18,739) 37,412 Deferred income taxes 8,977 (9,183) 8,737 Loss on sale of property, plant and equipment 5,642 5,921 5,187 Amortization of debt costs 1,012 1,256 1,050 Impairment and abandonment of property, plant and equipment 3,200 8,030 Change in current assets less current liabilities (74,784) 30,595 36,901 Change in other noncurrent assets 31,779 16,003 21,820 Change in other noncurrent liabilities Other Total adjustments Net cash provided by operating activities (33,430) (23,728) (18,065) (23) 1,065 124,348 332,175 312,364 $ 554,506 $ 521,755 $ 494,461 Cash Flows from Investing Activities: Additions to property, plant and equipment $ (298,611) $ (155,693) $ (202,034) Acquisition of distribution rights (30,649) (8,993) Proceeds from the sale of property, plant and equipment 7,369 5,274 3,385 Investment in CONA Services LLC (3,094) (2,531) (1,770) Net cash used in investing activities $ (324,985) $ (161,943) $ (200,419) Cash Flows from Financing Activities: Payments on term loan facility and senior notes $ (125,000) $ (287,500) $ (45,000) Payments of acquisition related contingent consideration (36,515) (39,097) (43,400) Cash dividends paid (9,374) (9,374) (9,374) Payments on financing lease obligations (2,988) (4,778) (5,861) Debt issuance fees (310) (1,542) (228) Borrowings under term loan facility 70,000 Payments on revolving credit facility (55,000) (280,000) Borrowings under revolving credit facility 55,000 235,000 Purchase of noncontrolling interest in Piedmont Coca-Cola Bottling Partnership (100,000) Net cash used in financing activities $ (174,187) $ (272,291) $ (248,863) Net increase in cash $ 55,334 $ 87,521 $ 45,179 Cash at beginning of year Cash at end of year 142,314 54,793 9,614 $ 197,648 $ 142,314 $ 54,793 By how much would Coca Cola's cash flow from operations in 2022 would have been different, if Coca Cola had classified all its finance leases as operating leases? A decrease should be reported with a negative sign. Type your answer... 2 points Type your answer... By how much would Coca Cola's total cash flow in 2022 would have been different, if Coca Cola hadclassified all its finance leases as operating leases? A decrease should be reported with a negative sign. 2022 1.5 points Indicate whether Coca Cola's current assets less current liabilities increased or decreased in each of the following three fiscal years. 2021 2020 -D1 -- > > >
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