Kellanova (K) — Cash Flow Reinvestment Rate
Kellanova (K) has a Cash Flow Reinvestment Rate of 0.60x as of September 2025, reinvesting $300.00 Million (capex $144.00 Million plus investments $-156.00 Million) from operating cash flow of $503.00 Million. See Kellanova (K) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Kellanova Cash Flow Reinvestment Rate (1989–2024)
Historical reinvestment intensity for Kellanova across 36 annual periods. For the full cash flow conversion analysis, see K cash flow metrics.
Annual Cash Flow Reinvestment Rate for Kellanova (1989–2024)
Year-by-year capital reinvestment analysis for Kellanova. See Kellanova financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.78x | $1.38 Billion | $1.76 Billion | $628.00 Million | ▲ +4.0% |
| 2023 | 0.75x | $1.24 Billion | $1.65 Billion | $677.00 Million | ▲ +32.9% |
| 2022 | 0.57x | $936.00 Million | $1.65 Billion | $488.00 Million | ▲ +74.1% |
| 2021 | 0.33x | $554.00 Million | $1.70 Billion | $553.00 Million | ▲ +14.1% |
| 2020 | 0.29x | $567.00 Million | $1.99 Billion | $505.00 Million | ▼ -48.4% |
| 2019 | 0.55x | $651.00 Million | $1.18 Billion | $586.00 Million | ▼ -12.1% |
| 2018 | 0.63x | $967.00 Million | $1.54 Billion | $578.00 Million | ▼ -35.0% |
| 2017 | 0.97x | $1.59 Billion | $1.65 Billion | $501.00 Million | ▲ +195.4% |
| 2016 | 0.33x | $534.00 Million | $1.63 Billion | $507.00 Million | ▼ -45.0% |
| 2015 | 0.60x | $1.01 Billion | $1.69 Billion | $553.00 Million | ▲ +81.9% |
| 2014 | 0.33x | $588.00 Million | $1.79 Billion | $582.00 Million | ▼ -7.0% |
| 2013 | 0.35x | $637.00 Million | $1.81 Billion | $637.00 Million | ▲ +16.3% |
| 2012 | 0.30x | $533.00 Million | $1.76 Billion | $533.00 Million | ▼ -18.6% |
| 2011 | 0.37x | $594.00 Million | $1.59 Billion | $594.00 Million | ▼ -20.8% |
| 2010 | 0.47x | $474.00 Million | $1.01 Billion | $474.00 Million | ▲ +104.9% |
| 2009 | 0.23x | $377.00 Million | $1.64 Billion | $377.00 Million | ▼ -36.9% |
| 2008 | 0.36x | $461.00 Million | $1.27 Billion | $461.00 Million | ▲ +15.9% |
| 2007 | 0.31x | $472.00 Million | $1.50 Billion | $472.00 Million | ▼ -2.2% |
| 2006 | 0.32x | $453.10 Million | $1.41 Billion | $453.10 Million | ▼ -1.9% |
| 2005 | 0.33x | $374.20 Million | $1.14 Billion | $374.20 Million | ▲ +44.4% |
| 2004 | 0.23x | $278.60 Million | $1.23 Billion | $278.60 Million | ▲ +7.4% |
| 2003 | 0.21x | $247.20 Million | $1.17 Billion | $247.20 Million | ▼ -16.7% |
| 2002 | 0.25x | $253.50 Million | $999.90 Million | $253.50 Million | ▲ +3.8% |
| 2001 | 0.24x | $276.50 Million | $1.13 Billion | $276.50 Million | ▼ -6.8% |
| 2000 | 0.26x | $230.90 Million | $880.90 Million | $230.90 Million | ▼ -63.1% |
| 1999 | 0.71x | $564.40 Million | $795.20 Million | $564.40 Million | ▲ +27.1% |
| 1998 | 0.56x | $402.00 Million | $720.00 Million | $402.00 Million | ▲ +45.4% |
| 1997 | 0.38x | $337.80 Million | $879.80 Million | $337.80 Million | ▼ -66.4% |
| 1996 | 1.14x | $812.50 Million | $711.50 Million | $812.50 Million | ▲ +276.6% |
| 1995 | 0.30x | $315.70 Million | $1.04 Billion | $315.70 Million | ▼ -17.2% |
| 1994 | 0.37x | $354.30 Million | $966.80 Million | $354.30 Million | ▼ -34.8% |
| 1993 | 0.56x | $449.70 Million | $800.20 Million | $449.70 Million | ▼ -12.0% |
| 1992 | 0.64x | $473.60 Million | $741.90 Million | $473.60 Million | ▲ +78.9% |
| 1991 | 0.36x | $333.50 Million | $934.40 Million | $333.50 Million | ▼ -8.8% |
| 1990 | 0.39x | $320.50 Million | $819.20 Million | $320.50 Million | ▼ -59.0% |
| 1989 | 0.95x | $508.70 Million | $533.50 Million | $508.70 Million | — |