Coca-Cola FEMSA, S.A.B. de C.V. (KOF) Cash Flow: Operating & Free Cash Flow

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Coca-Cola FEMSA, S.A.B. de C.V. generated MXN 27.76B of operating cash flow and spent MXN 21.67B on capital expenditures. That left free cash flow of MXN 6.10B, down 63.4% from MXN 16.65B a year earlier, or 2.1% of revenue. It paid MXN 15.73B in dividends.

Coca-Cola FEMSA, S.A.B. de C.V. Cash Flow Statement Analysis

Values in billions MXN

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Coca-Cola FEMSA, S.A.B. de C.V. (KOF) - Annual data in billions MXN
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	23.84	36.32	29.01	26.17	22.94	15.80	18.28	18.27	-7.10
Depreciation & Amortization	16.17	12.13	10.53	10.43	9.83	10.03	10.64	10.03	11.66
Deferred Income Tax	1.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Working Capital	-13.92	-3.23	2.57	-1.08	1.64	5.18	2.40	-1.83	-1.26
Change in Accounts Receivable	-6.58	-2.30	-1.61	-3.42	-2.04	3.04	-1.86	-2.10	-3.53
Change in Inventory	-0.59	-2.22	-0.78	-0.18	-2.26	0.19	-1.14	-1.39	-0.48
Change in Accounts Payable	-7.58	4.32	3.74	3.42	4.45	-1.04	5.73	1.67	3.72
Change in Other Working Capital	0.83	6.87	1.21	-0.90	1.49	2.99	-0.33	-0.02	-0.97
Other Operating Activities	0.50	6.87	0.18	-0.03	-1.69	4.14	-0.03	3.08	29.94
Net Cash from Operating Activities	27.76	42.44	42.29	35.49	32.72	35.15	31.29	29.54	33.24
Investing Activities
Capital Expenditures	-21.67	-25.79	-20.63	-17.74	-9.99	-9.94	-11.75	-11.29	-14.82
Acquisitions	0.47	-0.75	0.18	-2.36	0.00	0.00	0.00	1.96	3.87
Purchases of Investments	-0.49	-0.02	0.00	-0.56	0.00	-1.58	-0.57	-0.39	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	1.77	0.00	0.00	0.00	-0.92	0.00
Other Investing Activities	0.34	2.68	0.38	-0.72	-0.20	0.72	1.57	1.39	0.06
Net Cash from Investing Activities	-23.48	-23.39	-20.07	-19.60	-9.55	-10.51	-10.74	-9.25	-10.89
Financing Activities
Debt Repayment	10.95	-0.88	-8.94	-2.97	-3.63	16.54	-10.22	-0.53	-0.62
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.08
Dividends Paid	-15.73	-12.87	-12.19	-11.46	-10.65	-10.28	-7.44	-7.04	-6.99
Other Financing Activities	-1.99	-2.27	-5.23	-6.41	-5.99	-5.84	-5.14	-6.70	-7.24
Net Cash from Financing Activities	-6.77	-19.64	-26.35	-20.85	-20.26	0.42	-22.79	-14.27	-10.78
Summary
Effect of Forex Changes on Cash	-2.58	2.31	-5.08	-2.02	0.84	-2.05	-0.99	-1.06	-3.28
Net Change in Cash	-5.06	-0.59	-9.22	-6.97	3.75	23.01	-3.24	4.96	8.29
Cash at Beginning of Period	33.13	31.06	40.28	47.25	43.50	20.49	23.73	18.77	10.48
Cash at End of Period	28.07	32.78	31.06	40.28	47.25	43.50	20.49	23.73	18.77
Free Cash Flow	6.10	16.65	21.66	17.76	22.73	25.20	19.54	18.25	18.41
Supplemental Disclosures
Interest Paid	-	5.01	4.82	4.86	4.75	6.21	-	-	-
Income Taxes Paid	-	9.67	5.30	5.30	6.11	4.99	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Coca-Cola FEMSA, S.A.B. de C.V. Cash Flow

What is Coca-Cola FEMSA, S.A.B. de C.V.'s free cash flow?

Coca-Cola FEMSA, S.A.B. de C.V. generated free cash flow of MXN 6.10B in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of MXN 27.76B minus MXN 21.67B of capital expenditures. That was down 63.4% from MXN 16.65B a year earlier. Free cash flow equaled 2.1% of revenue.

How much does Coca-Cola FEMSA, S.A.B. de C.V. spend on capital expenditures?

Coca-Cola FEMSA, S.A.B. de C.V. spent MXN 21.67B on capital expenditures in fiscal 2025, compared with MXN 25.79B a year earlier. That equals 78.0% of operating cash flow.

Does Coca-Cola FEMSA, S.A.B. de C.V. pay dividends or buy back shares?

Yes. In fiscal 2025 Coca-Cola FEMSA, S.A.B. de C.V. returned MXN 15.73B in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition