CLAIM #35513 · The Coca-Cola Company (KO) · 2023Q4 earnings call · Feb 13, 2024 · due Dec 31, 2024
“We've taken up our CapEx for 2024 because it's the right thing to do to continue to build the growth foundations that we need.”
John Murphy · CFO
In context
“g non-operating cash flows, which as John talked about, we used to buy some shares in the fourth quarter. We're going to balance all these things, particularly in the next couple of years, we'll keep everyone updated. But I think the long-term perspective is that, the cash generation will continue to be very strong. John, yes, go on. John Murphy: Just one additional point. In addition to that, unwavering commitment we have to the dividend that we talked about in the script. One of the lessons I think over the last couple of years is to be prepared to be more dynamic relative to your kind of normal view of the individual components. So, as you know, our debt -- our debt goal is to be 2 times to 2.5 times, and we're up 1.7 times. We think that's right for what we need going into 2024, 2025. We've taken up our CapEx for 2024 because it's the right thing to do to continue to build the growth foundations that we need. And in those parts of the business that need capacity. Just two examples. And so, I think we will continue to demonstrate that as we go forward, the share repurchases in the back half of the year, again was not something that we had necessarily considered at the start of the year. But we first, there was an opportunity with the buffer proceeds coming in to do so. And we continue to take that approach as we enter this coming year. Operator: Our next question comes from Chris Carey from Wells Fargo. Please go ahead, your line is open. Chris Carey: Hi, good morning. I wanted to see if you could maybe frame the global away from home channel. I know you touched on it a little bit in response to Brian's question. But we've heard about, obviously there's a lot of pricing power in that channel, t”
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SEC filings for KO ↗ · Claim quote is verbatim from the 2023Q4 earnings call.