CAMPBELL SOUP CO
For the period ended Jul 28, 2024. Filed Sep 19, 2024.
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FY2024 · Filed Sep 19, 2024
CPB$22.59-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(millions)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net earnings | $567 | $858 | $757 |
| Adjustments to reconcile net earnings to operating cash flow | |||
| Impairment charges | 129 | — | — |
| Restructuring charges | 38 | 16 | 5 |
| Stock-based compensation | 99 | 63 | 59 |
| Amortization of inventory fair value adjustment from acquisition | 17 | — | — |
| Pension and postretirement benefit expense (income) | 39 | (22) | (7) |
| Depreciation and amortization | 411 | 387 | 337 |
| Deferred income taxes | (47) | (5) | 21 |
| Net loss on sale of business | — | 13 | — |
| Loss on extinguishment of debt | — | — | 4 |
| Other | 138 | 100 | 88 |
| Changes in working capital, net of acquisition and divestiture | |||
| Accounts receivable | (16) | (1) | 48 |
| Inventories | 11 | (64) | (314) |
| Other current assets | 4 | 13 | 25 |
| Accounts payable and accrued liabilities | (128) | (164) | 200 |
| Other | (77) | (51) | (42) |
| Net cash provided by operating activities | 1,185 | 1,143 | 1,181 |
| Cash flows from investing activities: | |||
| Purchases of plant assets | (517) | (370) | (242) |
| Purchases of route businesses | (29) | (13) | (1) |
| Sales of route businesses | 34 | 1 | 2 |
| Business acquired, net of cash acquired | (2,617) | — | — |
| Sale of business | — | 41 | — |
| Other | 1 | 1 | 11 |
| Net cash used in investing activities | (3,128) | (340) | (230) |
| Cash flows from financing activities: | |||
| Short-term borrowings, including commercial paper and delayed draw term loan | 5,622 | 3,677 | 1,173 |
| Short-term repayments, including commercial paper and delayed draw term loan | (5,576) | (3,749) | (997) |
| Long-term borrowings | 2,496 | 500 | — |
| Long-term repayments | (100) | (566) | — |
| Dividends paid | (445) | (447) | (451) |
| Treasury stock purchases | (67) | (142) | (167) |
| Treasury stock issuances | 2 | 22 | 3 |
| Payments related to tax withholding for stock-based compensation | (46) | (19) | (18) |
| Payments related to extinguishment of debt | — | — | (453) |
| Payments of debt issuance costs | (23) | — | — |
| Other | — | 1 | — |
| Net cash provided by (used in) financing activities | 1,863 | (723) | (910) |
| Effect of exchange rate changes on cash | (1) | — | (1) |
| Net change in cash and cash equivalents | (81) | 80 | 40 |
| Cash and cash equivalents — beginning of period | 189 | 109 | 69 |
| Cash and cash equivalents — end of period | $108 | $189 | $109 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.