Company Coca Cola (Statement Of Cash Flows attached to Moodle week 1)

Question 1: Identify the MAIN cash flows per category of cash flows and compare them with the previous year

Question 2: Critically evaluate the consolidated statement of cash flows and make recommendations for future improvements.

Number of words: 700 2000 Words

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
OPERATING ACTIVITIES
CONSOLIDATED NET INCOME	$ 7 768	$ 8 985
Depreciation and amortization	1 536	1 365
Stock-based compensation expense	126	201
Deferred income taxes	-18	-280
Equity (income) loss - net of dividends	-511	-421
Foreign currency adjustments	-88	91
Significant (gains) losses on sales of assets - net	-914	-467
Other operating charges	556	127
Other items	699	504
Net change in operating assets and liabilities	690	366
Net cash provided by operating activities	9 844	10 471
INVESTING ACTIVITIES
Purchases of investments	-13,583	-4,704
Proceeds from disposals of investments	13 835	6 973
Acquisitions of businesses, equity method investments and nonmarketable securities	-1,052	-5,542
Proceeds from disposals of businesses, equity method investments and nonmarkatable securities	189	429
Purchases of property, plant and equipment	-1,177	-2,054
Proceeds from disposals of property, plant and equipment	189	978
Other investing activities	122	-56
Net cash provided by (used in) investing activities	-1,477	-3,976
FINANCING ACTIVITIES
Issuances of debt	26 934	23 009
Payments of debt	-28,796	-24,850
Issuances of stock	647	1 012
Purchases of stock for treasury	-118	-1,103
Dividends	-7,047	-6,845
Other financing activities	310	-227
Net cash provided by (used in) financing activities	-8,070	-9,004
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	76	-72
CASH AND CASH EQUIVALENTS
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the year	373	-2,581
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at the Beginning of the Year	6 737	9 318
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at the End of the Year	7 110	6 737
Restricted Cash and Restricted Cash Equivalents not included in Cash and Cash Equivalents on Balance Sheet	315	257
Cash and cash equivalents	$ 6 795	$ 6 480