1. Glycolysis: glucose is phosphorylated to produce 2 pyruvate, 2 ATP, and 2 NADH
2. Link reaction: pyruvate is transported into mitochondria, decarboxylated and combined with coenzyme A to form acetyl coenzyme A
3. Krebs cycle: acetyl coenzyme A enters the Krebs cycle, producing 2 ATP, 6 NADH, 2 FADH, and 4 CO2
4. Oxidative phosphorylation: NADH and FADH from Krebs cycle pass electrons down electron transport chain, pumping protons to create proton gradient that drives ATP synthase