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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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.