Income Statement Keurig Dr Pepper Inc.

Equities

KDP

US49271V1008

Non-Alcoholic Beverages

Market Closed - Nasdaq Other stock markets 04:00:00 2024-12-03 pm EST			5-day change	1st Jan Change
32.38 ^USD	-0.49%		-0.83%	-2.82%

Nov. 27	Certain Common Stock of Keurig Dr Pepper Inc. are subject to a Lock-Up Agreement Ending on 27-NOV-2024.	CI
Nov. 11	Keurig Dr Pepper Names Drew Panayiotou as Chief Marketing Officer of US Refreshment Beverages	MT

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Published financial data: KEURIG DR PEPPER INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	11.12B	11.62B	12.68B	14.06B	14.81B
Total Revenues	11.12B	11.62B	12.68B	14.06B	14.81B
Cost of Goods Sold, Total	4.77B	5.09B	5.68B	6.72B	6.73B
Gross Profit	6.35B	6.53B	7B	7.33B	8.08B
Selling General & Admin Expenses, Total	3.68B	3.47B	3.72B	4.26B	4.62B
R&D Expenses	-	-	66M	65M	66M
Depreciation & Amortization - (IS)	-	147M	177M	170M	171M
Other Operating Expenses	-17M	25M	-60M	-121M	-3M
Other Operating Expenses, Total	3.67B	3.64B	3.91B	4.38B	4.86B
Operating Income	2.68B	2.89B	3.1B	2.96B	3.22B
Interest Expense, Total	-654M	-604M	-500M	-693M	-496M
Net Interest Expenses	-654M	-604M	-500M	-693M	-496M
Income (Loss) On Equity Invest.	-51M	-20M	-5M	-5M	33M
Currency Exchange Gains (Loss)	-18M	-6M	-	9M	-5M
Other Non Operating Income (Expenses)	50M	8M	4M	-19M	35M
EBT, Excl. Unusual Items	2.01B	2.27B	2.6B	2.25B	2.79B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-254M	-199M	-204M	-171M	-35M
Gain (Loss) On Sale Of Investments	-	-102M	507M	38M	-
Gain (Loss) On Sale Of Assets	30M	42M	70M	30M	6M
Asset Writedown	-24M	-68M	-	-477M	-2M
Insurance Settlements	-	-	2M	-	-
Legal Settlements	-48M	-57M	-30M	286M	-
Other Unusual Items	-19M	-132M	-142M	-235M	-
EBT, Incl. Unusual Items	1.69B	1.75B	2.8B	1.72B	2.76B
Income Tax Expense	440M	428M	653M	284M	576M
Earnings From Continuing Operations	1.25B	1.32B	2.14B	1.44B	2.18B
Net Income to Company	1.25B	1.32B	2.14B	1.44B	2.18B
Minority Interest	-	-	1M	1M	-
Net Income - (IS)	1.25B	1.32B	2.15B	1.44B	2.18B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	1.25B	1.32B	2.15B	1.44B	2.18B
Net Income to Common Excl. Extra Items	1.25B	1.32B	2.15B	1.44B	2.18B
Per Share Items
Net EPS - Basic	0.89	0.94	1.52	1.01	1.56
Basic EPS - Continuing Operations	0.89	0.94	1.52	1.01	1.56
Basic Weighted Average Shares Outstanding	1.41B	1.41B	1.42B	1.42B	1.4B
Net EPS - Diluted	0.88	0.93	1.5	1.01	1.55
Diluted EPS - Continuing Operations	0.88	0.93	1.5	1.01	1.55
Diluted Weighted Average Shares Outstanding	1.42B	1.42B	1.43B	1.43B	1.41B
Normalized Basic EPS	0.89	1.01	1.15	0.99	1.25
Normalized Diluted EPS	0.88	1	1.14	0.98	1.24
Dividend Per Share	0.6	0.6	0.71	0.78	0.83
Payout Ratio	67.3	63.85	44.5	75.21	52.36
Supplemental Items
EBITDA	3.38B	3.54B	3.8B	3.66B	3.94B
EBITA	2.81B	3.02B	3.23B	3.09B	3.36B
EBIT	2.68B	2.89B	3.1B	2.96B	3.22B
EBITDAR	3.49B	3.68B	3.96B	3.84B	4.14B
Effective Tax Rate - (Ratio)	25.97	24.42	23.34	16.52	20.89
Current Domestic Taxes	401M	400M	522M	417M	387M
Current Foreign Taxes	62M	79M	100M	156M	193M
Total Current Taxes	463M	479M	622M	573M	580M
Deferred Domestic Taxes	-30M	-37M	33M	-288M	33M
Deferred Foreign Taxes	7M	-14M	-2M	-1M	-37M
Total Deferred Taxes	-23M	-51M	31M	-289M	-4M
Normalized Net Income	1.26B	1.42B	1.62B	1.41B	1.74B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	15M	14M	18M	23M	25M
Non-Cash Pension Expense	-1M	-2M	-3M	-1M	2M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	670M	489M	540M	537M	640M
Selling and Marketing Expenses	670M	1.82B	2.02B	2.28B	2.42B
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	81M	69M	66M	65M	66M
Net Rental Expense, Total	112M	139M	151M	174M	199M
Imputed Operating Lease Interest Expense	37.53M	45.2M	43.3M	70.82M	54.6M
Imputed Operating Lease Depreciation	74.47M	93.8M	108M	103M	144M
Stock-Based Comp., SG&A Exp. (Total)	24M	27M	18M	5M	116M
Stock-Based Comp., Other (Total)	40M	58M	70M	47M	-
Total Stock-Based Compensation	64M	85M	88M	52M	116M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	75M	240M	567M	535M	267M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	1M	-	2M	-	-
Total Cash And Short Term Investments	76M	240M	569M	535M	267M
Accounts Receivable, Total	1.12B	1.05B	1.15B	1.48B	1.37B
Other Receivables	69M	96M	126M	184M	151M
Total Receivables	1.18B	1.14B	1.27B	1.67B	1.52B
Inventory	703M	817M	966M	1.4B	1.25B
Prepaid Expenses	17M	15M	12M	19M	20M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	26M	15M	1M	-	-
Other Current Assets, Total	267M	157M	235M	179M	316M
Total Current Assets	2.27B	2.39B	3.06B	3.8B	3.38B
Gross Property Plant And Equipment	3.25B	3.88B	4.52B	5.02B	5.54B
Accumulated Depreciation	-729M	-1.02B	-1.35B	-1.65B	-1.96B
Net Property Plant And Equipment	2.52B	2.86B	3.17B	3.37B	3.58B
Long-term Investments	170M	89M	31M	1.14B	1.46B
Goodwill	20.17B	20.18B	20.18B	20.07B	20.2B
Other Intangibles, Total	24.12B	23.97B	23.86B	23.18B	23.29B
Loans Receivable Long-Term	50M	-	-	-	-
Deferred Tax Assets Long-Term	29M	45M	42M	35M	31M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	182M	248M	263M	233M	204M
Total Assets	49.52B	49.78B	50.6B	51.84B	52.13B
Liabilities
Accounts Payable, Total	3.18B	3.74B	4.32B	5.21B	3.6B
Accrued Expenses, Total	939M	1.04B	1.11B	1.15B	1.24B
Short-term Borrowings	1.25B	-	149M	399M	2.1B
Current Portion of Long-Term Debt	347M	2.35B	163M	554M	1.23B
Current Portion of Leases	110M	116M	155M	195M	220M
Current Income Taxes Payable	75M	39M	144M	87M	29M
Unearned Revenue Current, Total	-	-	-	-	-
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	581M	412M	448M	482M	502M
Total Current Liabilities	6.47B	7.69B	6.48B	8.08B	8.92B
Long-Term Debt	12.83B	11.15B	11.71B	11.27B	10.13B
Long-Term Leases	696M	878M	1.23B	1.42B	1.41B
Pension & Other Post Retirement Benefits	29M	38M	40M	37M	35M
Deferred Tax Liability Non Current	6.03B	5.99B	5.99B	5.74B	5.76B
Other Non Current Liabilities	205M	196M	175M	173M	199M
Total Liabilities	26.26B	25.95B	25.63B	26.71B	26.45B
Common Stock, Total	14M	14M	14M	14M	14M
Additional Paid In Capital	21.56B	21.68B	21.78B	21.44B	20.79B
Retained Earnings	1.58B	2.06B	3.2B	3.54B	4.56B
Comprehensive Income and Other	104M	77M	-26M	129M	315M
Total Common Equity	23.26B	23.83B	24.97B	25.13B	25.68B
Minority Interest	-	1M	-	-1M	-
Total Equity	23.26B	23.83B	24.97B	25.12B	25.68B
Total Liabilities And Equity	49.52B	49.78B	50.6B	51.84B	52.13B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.41B	1.41B	1.42B	1.41B	1.39B
ECS Total Common Shares Outstanding	1.41B	1.41B	1.42B	1.41B	1.39B
Book Value / Share	16.53	16.93	17.61	17.84	18.47
Tangible Book Value	-21.03B	-20.32B	-19.07B	-18.13B	-17.81B
Tangible Book Value Per Share	-14.95	-14.44	-13.44	-12.87	-12.81
Total Debt	15.23B	14.49B	13.41B	13.84B	15.09B
Net Debt	15.15B	14.25B	12.84B	13.3B	14.82B
Debt Equivalent of Unfunded Proj. Benefit Obligation	22M	25M	25M	33M	35M
Debt Equivalent Oper. Leases	896M	1.11B	1.21B	1.39B	1.59B
Minority Interest, Total (Incl. Fin. Div)	-	1M	-	-1M	-
Equity Method Investments, Total	151M	88M	30M	1B	1.39B
Account Code - Inventory Valuation	3	3	3	-	5
Inventories - Raw Materials, Total	215M	260M	330M	475M	409M
Inventories - Work In Process, Total	8M	6M	6M	8M	12M
Inventories - Finished Goods, Total	447M	520M	577M	858M	742M
Inventories - Others	49M	55M	72M	89M	111M
Land - (BS)	55M	54M	50M	44M	45M
Buildings, Total	473M	520M	793M	720M	744M
Machinery, Total	1.71B	1.95B	2.46B	2.67B	3.02B
Full Time Employees	25.5K	27K	27.5K	28K	28.1K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	9M	21M	7M	9M	10M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.25B	1.32B	2.15B	1.44B	2.18B
Depreciation & Amortization - CF	572M	520M	574M	571M	583M
Amortization of Goodwill and Intangible Assets - (CF)	126M	133M	134M	138M	137M
Depreciation & Amortization, Total	698M	653M	708M	709M	720M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-36M	-75M	-80M	-1M
(Gain) Loss on Sale of Investments - (CF)	-	102M	-507M	-38M	-
Asset Writedown & Restructuring Costs	-	67M	-	477M	2M
(Income) Loss On Equity Investments - (CF)	51M	20M	5M	5M	-77M
Stock-Based Compensation (CF)	64M	85M	88M	52M	116M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	41M	74M	158M	551M	135M
Change In Accounts Receivable	-7M	-5M	-152M	-398M	70M
Change In Inventories	-24M	-107M	-133M	-426M	182M
Change In Accounts Payable	583M	624M	762M	903M	-1.62B
Change In Income Taxes	36M	-91M	114M	-105M	-199M
Change in Other Net Operating Assets	-222M	-255M	-240M	-249M	-182M
Cash from Operations	2.47B	2.46B	2.87B	2.84B	1.33B
Capital Expenditure	-330M	-461M	-423M	-353M	-425M
Sale of Property, Plant, and Equipment	247M	203M	122M	168M	9M
Cash Acquisitions	-8M	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-35M	-56M	-32M	-26M	-56M
Investment in Marketable and Equity Securities, Total	-16M	-5M	578M	-912M	-316M
Other Investing Activities, Total	-8M	3M	-35M	-12M	4M
Cash from Investing	-150M	-316M	210M	-1.14B	-784M
Short Term Debt Issued, Total	167M	1.85B	5.41B	1.2B	36.94B
Long-Term Debt Issued, Total	2B	1.5B	2.15B	3B	-
Total Debt Issued	2.17B	3.35B	7.56B	4.2B	36.94B
Short Term Debt Repaid, Total	-	-3.1B	-5.26B	-948M	-35.24B
Long-Term Debt Repaid, Total	-3.49B	-1.26B	-4.07B	-3.46B	-595M
Total Debt Repaid	-3.49B	-4.35B	-9.33B	-4.4B	-35.84B
Issuance of Common Stock	-	29M	140M	-	-
Repurchase of Common Stock	-	-	-125M	-394M	-768M
Common Dividends Paid	-844M	-846M	-955M	-1.08B	-1.14B
Common & Preferred Stock Dividends Paid	-844M	-846M	-955M	-1.08B	-1.14B
Other Financing Activities, Total	-196M	-170M	-47M	-49M	-24M
Cash from Financing	-2.36B	-1.99B	-2.76B	-1.73B	-832M
Foreign Exchange Rate Adjustments	12M	-6M	-9M	-7M	19M
Net Change in Cash	-28M	144M	313M	-33M	-268M
Supplemental Items
Cash Interest Paid	521M	515M	477M	363M	443M
Cash Income Tax Paid (Refund)	433M	582M	506M	686M	507M
Levered Free Cash Flow	2.1B	2.16B	2.41B	1.93B	661M
Unlevered Free Cash Flow	2.51B	2.54B	2.72B	2.36B	971M
Change In Net Working Capital	-437M	-509M	-447M	-129M	1.4B
Net Debt Issued / Repaid	-1.32B	-1B	-1.78B	-205M	1.1B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.41	3.64	3.86	3.61	3.87
Return on Total Capital	4.35	4.71	5.05	4.78	5.05
Return On Equity %	5.48	5.63	8.79	5.73	8.59
Return on Common Equity	5.48	5.63	8.79	5.73	8.59
Margin Analysis
Gross Profit Margin %	57.09	56.21	55.22	52.16	54.54
SG&A Margin	33.12	29.84	29.36	30.32	31.22
EBITDA Margin %	30.4	30.5	29.99	26.07	26.6
EBITA Margin %	25.25	26.03	25.47	22.01	22.67
EBIT Margin %	24.12	24.88	24.41	21.03	21.74
Income From Continuing Operations Margin %	11.28	11.4	16.91	10.21	14.72