KEURIG DR PEPPER : SUPPLEMENTAL FINANCIAL DATA - CORPORATE ALIGNMENT AS REPORTED AND AS REVISED - Form 8-K
March 30, 2022 at 05:12 pm EDT
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KEURIG DR PEPPER INC.
SUPPLEMENTAL FINANCIAL DATA - CORPORATE ALIGNMENT
AS REPORTED AND AS REVISED
(Unaudited)
(in millions)
Q1 2021
Q2 2021
Q3 2021
Q4 2021
FY 2021
Income from Operations - Reported
Coffee Systems
$
336
$
322
$
334
$
326
$
1,318
Packaged Beverages
175
258
288
289
1,010
Beverage Concentrates
238
254
286
266
1,044
Latin America Beverages
22
36
37
38
133
Unallocated corporate costs
(131)
(136)
(150)
(194)
(611)
Total Income from Operations - Reported
$
640
$
734
$
795
$
725
$
2,894
Change1
Coffee Systems
$
32
$
33
$
31
$
32
$
128
Packaged Beverages
4
3
3
3
13
Beverage Concentrates
-
1
1
1
3
Latin America Beverages
-
-
-
-
-
Unallocated corporate costs
(36)
(37)
(35)
(36)
(144)
Total Change
$
-
$
-
$
-
$
-
$
-
Income from Operations - Revised
Coffee Systems
$
368
$
355
$
365
$
358
$
1,446
Packaged Beverages
179
261
291
292
1,023
Beverage Concentrates
238
255
287
267
1,047
Latin America Beverages
22
36
37
38
133
Unallocated corporate costs
(167)
(173)
(185)
(230)
(755)
Total Income from Operations - Revised
$
640
$
734
$
795
$
725
$
2,894
1 Effective January 1, 2022, Keurig Dr Pepper Inc. ("KDP" or the "Company") updated its presentation of certain of KDP's unallocated corporate costs, primarily related to IT, to be aligned among the Company's segments and to better reflect controllable costs at the segment level. These changes do not revise or restate KDP's previously reported consolidated financial statements.
1
KEURIG DR PEPPER INC.
SUPPLEMENTAL FINANCIAL DATA - CORPORATE ALIGNMENT
AS REPORTED AND AS REVISED
(Unaudited)
(in millions)
Q1 2020
Q2 2020
Q3 2020
Q4 2020
FY 2020
Income from Operations - Reported
Coffee Systems
$
272
$
290
$
320
$
386
$
1,268
Packaged Beverages
189
208
260
165
822
Beverage Concentrates
197
220
262
253
932
Latin America Beverages
27
21
25
32
105
Unallocated corporate costs
(219)
(178)
(114)
(136)
(647)
Total Income from Operations - Reported
$
466
$
561
$
753
$
700
$
2,480
Change
Coffee Systems
$
34
$
30
$
35
$
31
$
130
Packaged Beverages
4
3
3
3
13
Beverage Concentrates
-
1
1
1
3
Latin America Beverages
-
-
-
-
-
Unallocated corporate costs
(38)
(34)
(39)
(35)
(146)
Total Change
$
-
$
-
$
-
$
-
$
-
Income from Operations - Revised
Coffee Systems
$
306
$
320
$
355
$
417
$
1,398
Packaged Beverages
193
211
263
168
835
Beverage Concentrates
197
221
263
254
935
Latin America Beverages
27
21
25
32
105
Unallocated corporate costs
(257)
(212)
(153)
(171)
(793)
Total Income from Operations - Revised
$
466
$
561
$
753
$
700
$
2,480
2
KEURIG DR PEPPER INC.
SUPPLEMENTAL FINANCIAL DATA - CORPORATE ALIGNMENT
AS REPORTED AND AS REVISED
(Unaudited)
(in millions)
Q1 2019
Q2 2019
Q3 2019
Q4 2019
FY 2019
Income from Operations - Reported
Coffee Systems
$
293
$
287
$
310
$
329
$
1,219
Packaged Beverages
149
186
196
226
757
Beverage Concentrates
201
244
245
265
955
Latin America Beverages
11
26
25
23
85
Unallocated corporate costs
(156)
(156)
(196)
(130)
(638)
Total Income from Operations - Reported
$
498
$
587
$
580
$
713
$
2,378
Change
Coffee Systems
$
39
$
42
$
40
$
34
$
155
Packaged Beverages
4
3
3
3
13
Beverage Concentrates
-
1
1
1
3
Latin America Beverages
-
-
-
-
-
Unallocated corporate costs
(43)
(46)
(44)
(38)
(171)
Total Change
$
-
$
-
$
-
$
-
$
-
Income from Operations - Revised
Coffee Systems
$
332
$
329
$
350
$
363
$
1,374
Packaged Beverages
153
189
199
229
770
Beverage Concentrates
201
245
246
266
958
Latin America Beverages
11
26
25
23
85
Unallocated corporate costs
(199)
(202)
(240)
(168)
(809)
Total Income from Operations - Revised
$
498
$
587
$
580
$
713
$
2,378
3
KEURIG DR PEPPER INC.
SUPPLEMENTAL FINANCIAL DATA - CORPORATE ALIGNMENT
CERTAIN NON-GAAP ADJUSTED SEGMENT ITEMS
ADJUSTED - AS REPORTED AND ADJUSTED - AS REVISED
(Unaudited)
(in millions)
Q1 2021
Q2 2021
Q3 2021
Q4 2021
FY 2021
Adjusted Income from Operations - as Reported
Coffee Systems
$
389
$
371
$
377
$
378
$
1,515
Packaged Beverages
197
286
312
314
1,109
Beverage Concentrates
239
256
289
271
1,055
Latin America Beverages
23
37
37
38
135
Unallocated corporate costs
(107)
(111)
(84)
(91)
(393)
Total Adjusted Income from Operations - Reported
$
741
$
839
$
931
$
910
$
3,421
Change2
Coffee Systems
$
32
$
33
$
31
$
32
$
128
Packaged Beverages
4
3
3
3
13
Beverage Concentrates
-
1
1
1
3
Latin America Beverages
-
-
-
-
-
Unallocated corporate costs
(36)
(37)
(35)
(36)
(144)
Total Change
$
-
$
-
$
-
$
-
$
-
Adjusted Income from Operations - as Revised
Coffee Systems
$
421
$
404
$
408
$
410
$
1,643
Packaged Beverages
201
289
315
317
1,122
Beverage Concentrates
239
257
290
272
1,058
Latin America Beverages
23
37
37
38
135
Unallocated corporate costs
(143)
(148)
(119)
(127)
(537)
Total Adjusted Income from Operations - as Revised
$
741
$
839
$
931
$
910
$
3,421
2 The change to adjusted income from operations at the segment level did not impact KDP's non-GAAP adjustments for any periods presented in this Exhibit.
4
KEURIG DR PEPPER INC.
SUPPLEMENTAL FINANCIAL DATA - CORPORATE ALIGNMENT
CERTAIN NON-GAAP ADJUSTED SEGMENT ITEMS
ADJUSTED - AS REPORTED AND ADJUSTED - AS REVISED
(Unaudited)
(in millions)
Q1 2020
Q2 2020
Q3 2020
Q4 2020
FY 2020
Adjusted Income from Operations - as Reported
Coffee Systems
$
347
$
363
$
373
$
431
$
1,514
Packaged Beverages
203
269
304
245
1,021
Beverage Concentrates
197
222
265
254
938
Latin America Beverages
27
23
25
33
108
Unallocated corporate costs
(90)
(102)
(93)
(105)
(390)
Total Adjusted Income from Operations - Reported
$
684
$
775
$
874
$
858
$
3,191
Change
Coffee Systems
$
34
$
30
$
35
$
31
$
130
Packaged Beverages
4
3
3
3
13
Beverage Concentrates
-
1
1
1
3
Latin America Beverages
-
-
-
-
-
Unallocated corporate costs
(38)
(34)
(39)
(35)
(146)
Total Change
$
-
$
-
$
-
$
-
$
-
Adjusted Income from Operations - as Revised
Coffee Systems
$
381
$
393
$
408
$
462
$
1,644
Packaged Beverages
207
272
307
248
1,034
Beverage Concentrates
197
223
266
255
941
Latin America Beverages
27
23
25
33
108
Unallocated corporate costs
(128)
(136)
(132)
(140)
(536)
Total Adjusted Income from Operations - as Revised
$
684
$
775
$
874
$
858
$
3,191
5
KEURIG DR PEPPER INC.
SUPPLEMENTAL FINANCIAL DATA - CORPORATE ALIGNMENT
CERTAIN NON-GAAP ADJUSTED SEGMENT ITEMS
ADJUSTED - AS REPORTED AND ADJUSTED - AS REVISED
(Unaudited)
(in millions)
Q1 2019
Q2 2019
Q3 2019
Q4 2019
FY 2019
Adjusted Income from Operations - as Reported
Coffee Systems
$
335
$
331
$
367
$
370
$
1,403
Packaged Beverages
160
190
201
232
783
Beverage Concentrates
201
246
244
266
957
Latin America Beverages
12
20
25
25
82
Unallocated corporate costs
(87)
(85)
(83)
(80)
(335)
Total Adjusted Income from Operations - Reported
$
621
$
702
$
754
$
813
$
2,890
Change
Coffee Systems
$
39
$
42
$
40
$
34
$
155
Packaged Beverages
4
3
3
3
13
Beverage Concentrates
-
1
1
1
3
Latin America Beverages
-
-
-
-
-
Unallocated corporate costs
(43)
(46)
(44)
(38)
(171)
Total Change
$
-
$
-
$
-
$
-
$
-
Adjusted Income from Operations - as Revised
Coffee Systems
$
374
$
373
$
407
$
404
$
1,558
Packaged Beverages
164
193
204
235
796
Beverage Concentrates
201
247
245
267
960
Latin America Beverages
12
20
25
25
82
Unallocated corporate costs
(130)
(131)
(127)
(118)
(506)
Total Adjusted Income from Operations - as Revised
$
621
$
702
$
754
$
813
$
2,890
6
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Disclaimer
Keurig Dr Pepper Inc. published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 21:11:01 UTC.
Keurig Dr Pepper Inc. is is a leading producer of non-alcoholic beverages in North America. The group markets hot drinks, soft drinks, flavoured water, fruit juices, concentrated and syrups. Net sales break down by family of products as follows:
- refreshment beverages (59.6%): Dr Pepper, Canada Dry, A&W, 7UP, Sunkist, Squirt, Big Red, RC Cola, Vernors, Snapple, Mott's, Bai, Hawaiian Punch, Clamato, Yoo-Hoo, Core, ReaLemon, evian, Vita Coco, Mr and Mrs T mixers and other brands ;
- coffee (27.5%): Green Mountain Coffee Roasters, The Original Donut Shop, McCafé, Laughing Man, REVV and Van Houtte brands. In addition, the group offers coffee machines and accessories;
- beverage concentrates (13%): Peñafiel, Clamato, Squirt, Canada Dry, Dr Pepper, Mott's and Crush brands.
At the end of 2023, the group had 30 manufacturing sites located mainly in the United States (24).
The United States account for 87.5% of net sales.