Keurig Dr Pepper Inc. (KDP) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
53 SOUTH AVENUE BURLINGTON, MA 01803 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 208 - Beverages (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 510 | 267 | 535 | 567 | 240 | 75 | |||
| Cash and cash equivalent | 510 | 267 | 535 | 567 | 240 | 75 | |||
| Restricted cash and investments | 80 | 1 | 15 | 26 | |||||
| Receivables | 1,723 | 1,519 | 1,668 | 1,274 | 1,144 | 1,184 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,299 | 1,142 | 1,314 | 894 | 762 | 654 | |||
| Inventory | 1,299 | 1,142 | 1,314 | 894 | 762 | 654 | |||
| Prepaid expense | 62 | 216 | 68 | 12 | 15 | 17 | |||
| Derivative instruments and hedges, assets | 80 | 15 | 35 | 144 | 45 | 31 | |||
| Asset, held-for-sale, not part of disposal group | 2 | 165 | |||||||
| Other undisclosed current assets | 243 | 216 | 184 | 165 | 165 | 121 | |||
| Total current assets: | 3,997 | 3,375 | 3,804 | 3,057 | 2,388 | 2,273 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 2,964 | 2,699 | 2,491 | 2,494 | 2,212 | 2,028 | |||
| Long-term investments and receivables | 1,543 | 1,387 | 1,000 | 30 | 88 | 151 | |||
| Long-term investments | 1,543 | 1,387 | 1,000 | 30 | 88 | 151 | |||
| Intangible assets, net (including goodwill) | 43,687 | 43,489 | 43,255 | 44,038 | 44,152 | 44,289 | |||
| Goodwill | 20,053 | 20,202 | 20,072 | 20,182 | 20,184 | 20,172 | |||
| Intangible assets, net (excluding goodwill) | 23,634 | 23,287 | 23,183 | 23,856 | 23,968 | 24,117 | |||
| Deferred income tax assets | 39 | 31 | 35 | 42 | 45 | ||||
| Other noncurrent assets | 1,200 | 1,149 | 1,252 | 937 | 894 | 748 | |||
| Other undisclosed noncurrent assets | 29 | ||||||||
| Total noncurrent assets: | 49,433 | 48,755 | 48,033 | 47,541 | 47,391 | 47,245 | |||
| TOTAL ASSETS: | 53,430 | 52,130 | 51,837 | 50,598 | 49,779 | 49,518 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,569 | 4,839 | 6,359 | 5,426 | 4,780 | 4,115 | |||
| Accounts payable | 2,985 | 3,597 | 5,206 | 4,316 | 3,740 | 3,176 | |||
| Accrued liabilities | 1,584 | 1,242 | 1,153 | 1,110 | 1,040 | 939 | |||
| Debt | 2,642 | 3,246 | 895 | 304 | 2,345 | 1,593 | |||
| Other liabilities | 835 | 714 | 685 | 613 | 416 | 445 | |||
| Other undisclosed current liabilities | 41 | 117 | 137 | 142 | 153 | 321 | |||
| Total current liabilities: | 8,087 | 8,916 | 8,076 | 6,485 | 7,694 | 6,474 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 12,912 | 9,945 | 11,072 | 11,578 | 11,143 | 12,827 | |||
| Long-term debt, excluding current maturities | 12,912 | 9,945 | 11,072 | 11,578 | 11,143 | 12,827 | |||
| Liabilities, other than long-term debt | 8,188 | 7,593 | 7,564 | 7,563 | 7,112 | 930 | |||
| Deferred income tax liabilities | 5,435 | 5,760 | 5,739 | 5,986 | 5,993 | ||||
| Other liabilities | 2,753 | 1,833 | 1,825 | 1,577 | 1,119 | 930 | |||
| Other undisclosed noncurrent liabilities | 6,030 | ||||||||
| Total noncurrent liabilities: | 21,100 | 17,538 | 18,636 | 19,141 | 18,255 | 19,787 | |||
| Total liabilities: | 29,187 | 26,454 | 26,712 | 25,626 | 25,949 | 26,261 | |||
| Equity | |||||||||
| Equity, attributable to parent | 24,243 | 25,676 | 25,126 | 24,972 | 23,829 | 23,257 | |||
| Common stock | 14 | 14 | 14 | 14 | 14 | 14 | |||
| Additional paid in capital | 19,712 | 20,788 | 21,444 | 21,785 | 21,677 | 21,557 | |||
| Accumulated other comprehensive income (loss) | (276) | 315 | 129 | (26) | 77 | 104 | |||
| Retained earnings | 4,793 | 4,559 | 3,539 | 3,199 | 2,061 | 1,582 | |||
| Equity, attributable to noncontrolling interest | (1) | 1 | |||||||
| Total equity: | 24,243 | 25,676 | 25,125 | 24,972 | 23,830 | 23,257 | |||
| TOTAL LIABILITIES AND EQUITY: | 53,430 | 52,130 | 51,837 | 50,598 | 49,779 | 49,518 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 15,351 | 14,814 | 14,057 | 12,683 | 11,618 | 11,120 | ||
| Cost of revenue (Cost of Product and Service Sold) | (6,822) | (6,734) | (6,734) | (5,706) | (5,132) | (4,778) | ||
| Gross profit: | 8,529 | 8,080 | 7,323 | 6,977 | 6,486 | 6,342 | ||
| Operating expenses | (5,731) | (4,914) | (4,823) | (4,153) | (3,978) | (3,962) | ||
| Other operating income (expense), net | (207) | 26 | 105 | 70 | 39 | (2) | ||
| Other undisclosed operating loss | (67) | |||||||
| Operating income: | 2,591 | 3,192 | 2,605 | 2,894 | 2,480 | 2,378 | ||
| Nonoperating income (expense) | 60 | 61 | 36 | 526 | (17) | (19) | ||
| Investment income, nonoperating | 50 | 524 | ||||||
| Other nonoperating income (expense) | 60 | 61 | (14) | 2 | (17) | (19) | ||
| Interest and debt expense | (33) | (496) | (910) | (605) | (608) | (665) | ||
| Income from continuing operations before equity method investments, income taxes: | 2,618 | 2,757 | 1,731 | 2,815 | 1,855 | 1,694 | ||
| Loss from equity method investments | (51) | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (704) | (12) | (17) | (102) | 51 | |||
| Income from continuing operations before income taxes: | 1,914 | 2,757 | 1,719 | 2,798 | 1,753 | 1,694 | ||
| Income tax expense | (473) | (576) | (284) | (653) | (428) | (440) | ||
| Income from continuing operations: | 1,441 | 2,181 | 1,435 | 2,145 | 1,325 | 1,254 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 2,145 | 1,325 | 1,254 | |
| Net income: | 1,441 | 2,181 | 1,435 | 2,145 | 1,325 | 1,254 | ||
| Net income attributable to noncontrolling interest | 1 | 1 | ||||||
| Net income available to common stockholders, diluted: | 1,441 | 2,181 | 1,436 | 2,146 | 1,325 | 1,254 | ||
Comprehensive Income ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,441 | 2,181 | 1,435 | 2,145 | 1,325 | 1,254 | ||
| Other comprehensive income (loss) | (591) | 186 | 155 | (103) | (27) | 234 | ||
| Comprehensive income: | 850 | 2,367 | 1,590 | 2,042 | 1,298 | 1,488 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 1 | 1 | ||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (1) | (1) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 850 | 2,367 | 1,590 | 2,042 | 1,298 | 1,488 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.