Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow (FCF).

CCH Free Cash Flow Analysis

Free cash flow, a measure commonly used by analysts to assess a company's profitability, represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

The Free Cash Flow is calculated using a number of methods including using Operating Cash Flow. Following is the formula to calculate Free Cash Flow based on Operating Cash Flow.

Free Cash Flow = Operating Cash Flow - Capital Expenditures

Using above formula to calculate Free Cash Flow for Coca-Cola HBC AG (CCH), the free cash flow value is 635.70M.

All amounts in EUR

Operating Cash
Capital Expenditure
Free Cash Flow

Coca-Cola HBC AG has a positive free cash flow as per the latest annual Cash flow statement released by the company. Positive free cash flow is cruscial for the financial health of a company, which can be used to pay dividends, expand operations, and deleverage its balance sheet (i.e., reduce debt).

CCH Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Coca-Cola HBC AG (LSE:CCH).

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 547.2M 414.9M 487.5M 447.4M
Depreciation 331.3M 373.4M 375.5M 305.6M
Change To Netincome 67.9M 64.9M 30M 89.1M
Change To Account Receivables -109M 178.5M -18M -23.3M
Change To Liabilities 419.3M -79.6M 37M 40.2M
Change To Inventory -114.5M 9.4M 14.2M -62.4M
Total Cash From Operating Activities 1.14B 961.5M 926.2M 796.6M
Capital Expenditures -506.5M -419.2M -473.2M -437.2M
Investments -781.6M 647.2M -484.3M -115.7M
Other Cashflows From Investing Activities -1.2M -2.3M 5.9M 7.8M
Total Cashflows From Investing Activities -1.26B 239.1M -1.05B -528.1M
Dividends Paid -233.6M -225.7M -200.1M -198.8M
Net Borrowings -67.6M -502.7M 1.42B -24.9M
Other Cashflows From Financing Activities -40.8M -66M -90.2M -39.4M
Total Cash From Financing Activities -322.4M -786.8M 227.6M -274.8M
Effect Of Exchange Rate 6.3M -21M 5.8M -4.9M
Change In Cash -433M 379.7M 110.7M -11.2M
Issuance Of Stock 19.6M 7.6M 21.4M 16.1M