KEURIG DR PEPPER INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Successor (in millions) Operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Amortization expense Provision for sales returns Deferred income taxes Employee stock based compensation expense Loss on early extinguishment of debt Gain on step acquisition of unconsolidated subsidiaries Unrealized (gain) or loss on foreign currency Unrealized (gain) or loss on derivatives Other, net Changes in assets and liabilities, net of effects of acquisition: Trade accounts receivable Inventories Income taxes receivable, prepaid and payables, net Other current and non current assets Accounts payable and accrued expenses Other current and non current liabilities Net change in operating assets and liabilities Net cash provided by operating activities Investing activities: Acquisitions of businesses Cash acquired in acquisitions Issuance of related party note receivable Investments in unconsolidated subsidiaries Proceeds from capital distributions from investments in unconsolidated subsidiaries Purchases of property, plant and equipment Other, net Net cash (used in) provided by investing activities Year Ended December 31, 2018 54 (81) 35 13 (18) 28 49 25 82 185 71 (49) (38) 457 1,613 (19,114) 169 (11) (39) 35 (180) 9 (19,131) Three Months Ended December 31, 2017 619 33 33 19 (484) 15 5 4 (19) 13 (55) 89 20 98 147 385 (11) (7) (18) Fiscal Year Ended September 30, 2017 383 142 66 16 58 85 (41) 4 27 (54) 108 (16) 861 6 1,749 250 (66) 2 180 December 4, 2015 through September 24, 2016 109 70 68 46 (24) 6 5 (6) 14 7 (84) (43) (32) 7 128 9 (15) (13,717) (33) (22) (13,772) Predecessor September 27, 2015 through March 2, 2016 103 22 55 (6) 6 (16) 9 41 175 41 44 136 (13) 424 837 (79) 4 (75)