K · As filed with the SEC

Kellanova cash flow statement, by quarter

The statement as Kellanova presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) · USD millions

USD millions	Q3 2025^† 3 months ended Sep 27, 2025	Q2 2025^† 3 months ended Jun 28, 2025	Q1 2025 3 months ended Mar 29, 2025	Q4 2024^† 3 months ended Dec 28, 2024
Operating activities
Net income	314^†	303^†	308	368^†
Adjustments to reconcile net income to operating cash flows:
Depreciation and amortization	94^†	91^†	92	94^†
Impairment of property	0^†	0^†	0	0^†
Postretirement benefit plan expense (benefit)	(5)^†	(6)^†	(6)	—
Deferred income taxes	14^†	19^†	68	37^†
Stock compensation	(5)^†	14^†	22	—
Loss on Russia divestiture	—	—	—	0^†
Other	(26)^†	6^†	(23)	(83)^†
Postretirement benefit plan distributions	0^†	0^†	0	0^†
Postretirement benefit plan contributions	(12)^†	(133)^†	(12)	0^†
Changes in operating assets and liabilities, net of acquisitions and divestitures:
Trade receivables	(27)^†	(90)^†	16	87^†
Inventories	57^†	4^†	(46)	18^†
Accounts payable	(70)^†	26^†	(106)	(106)^†
All other current assets and liabilities	169^†	(65)^†	(197)	8^†
Net cash provided by (used in) operating activities	503^†	169^†	116	467^†
Investing activities
Additions to properties	(144)^†	(148)^†	(176)	(188)^†
Issuance of notes receivable	—	—	—	0^†
Purchase of marketable securities	0^†	(2)^†	(72)	(49)^†
Sales of marketable securities	14^†	14^†	84	64^†
Purchases of available for sale securities	—	—	—	0^†
Sales of available for sale securities	—	—	—	0^†
Settlement of net investment hedges	(21)^†	(34)^†	0	0^†
Other	(5)^†	0^†	12	12^†
Net cash provided by (used in) investing activities	(156)^†	(170)^†	(152)	(161)^†
Financing activities
Net issuances (reductions) of notes payable	(253)^†	199^†	474	—
Issuances of long-term debt	0^†	—	—	0^†
Reductions of long-term debt	0^†	(1)^†	(631)	(1)^†
Net issuances of common stock	14^†	46^†	42	23^†
Common stock repurchases	—	—	—	0^†
Cash dividends	(203)^†	(198)^†	(197)	(196)^†
Other	(13)^†	(14)^†	(1)	(4)^†
Net cash provided by (used in) financing activities	(455)^†	32^†	(313)	(190)^†
Effect of exchange rate changes on cash and cash equivalents	(6)^†	(7)^†	(15)	9^†
Increase (decrease) in cash and cash equivalents	(114)^†	24^†	(364)	125^†
Cash and cash equivalents at beginning of period	354	330	694	569
Cash and cash equivalents at end of period	240	354	330	694
Supplemental cash flow disclosures of non-cash investing activities
Additions to properties included in accounts payable	(20)^†	(17)^†	116	48^†

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.