Keurig Dr Pepper Inc. (KDP) Financial Statements (2025 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)
Annual | Quarterly

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2675355672407583
Cash and cash equivalents2675355672407583
Restricted cash and investments  1152646
Receivables1,5191,6681,2741,1441,1841,223
Inventory, net of allowances, customer advances and progress billings1,1421,314894762654626
Inventory1,1421,314894762654626
Prepaid expense2166812151729
Derivative instruments and hedges, assets153514445319
Asset, held-for-sale, not part of disposal group    2165 
Other undisclosed current assets216184165165121143
Total current assets:3,3753,8043,0572,3882,2732,159
Noncurrent Assets
Property, plant and equipment2,6992,4912,4942,2122,0282,310
Long-term investments and receivables1,3871,0003088151186
Long-term investments1,3871,0003088151186
Intangible assets, net (including goodwill)43,48943,25544,03844,15244,28943,978
Goodwill20,20220,07220,18220,18420,17220,011
Intangible assets, net (excluding goodwill)23,28723,18323,85623,96824,11723,967
Estimated insurance recoveries      10
Deferred income tax assets31354245 ✕
Other noncurrent assets1,1491,252937894748259
Other undisclosed noncurrent assets     2916
Total noncurrent assets:48,75548,03347,54147,39147,24546,759
TOTAL ASSETS:52,13051,83750,59849,77949,51848,918
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,8396,3595,4264,7804,1153,312
Accounts payable3,5975,2064,3163,7403,1762,300
Accrued liabilities1,2421,1531,1101,0409391,012
Debt3,2468953042,3451,5931,458
Other liabilities714685613416445380
Other undisclosed current liabilities117137142153321552
Total current liabilities:8,9168,0766,4857,6946,4745,702
Noncurrent Liabilities
Long-term debt and lease obligation9,94511,07211,57811,14312,82714,506
Long-term debt, excluding current maturities9,94511,07211,57811,14312,82714,201
Capital lease obligations✕✕✕✕✕✕305
Liabilities, other than long-term debt7,5937,5647,5637,112930254
Deferred income tax liabilities5,7605,7395,9865,993 ✕
Other liabilities1,8331,8251,5771,119930254
Other undisclosed noncurrent liabilities     6,0305,923
Total noncurrent liabilities:17,53818,63619,14118,25519,78720,683
Total liabilities:26,45426,71225,62625,94926,26126,385
Equity
Equity, attributable to parent25,67625,12624,97223,82923,25722,533
Common stock141414141414
Additional paid in capital20,78821,44421,78521,67721,55721,471
Accumulated other comprehensive income (loss)315129(26)77104(130)
Retained earnings4,5593,5393,1992,0611,5821,178
Equity, attributable to noncontrolling interest  (1) 1  
Total equity:25,67625,12524,97223,83023,25722,533
TOTAL LIABILITIES AND EQUITY:52,13051,83750,59849,77949,51848,918

Income Statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues14,81414,05712,68311,61811,1207,442
Cost of revenue
(Cost of Goods and Services Sold)		(6,734)(6,734)(5,706)(5,132)(4,778)(3,560)
Gross profit:8,0807,3236,9776,4866,3423,882
Operating expenses(4,914)(4,823)(4,153)(3,978)(3,962)(2,635)
Other operating income (expense), net261057039(2)(10)
Other undisclosed operating loss    (67)  
Operating income:3,1922,6052,8942,4802,3781,237
Nonoperating income (expense)6136526(17)(19)19
Investment income, nonoperating  50524   
Other nonoperating income (expense)61(14)2(17)(19)19
Interest and debt expense(496)(910)(605)(608)(665)(13)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (452)
Income from continuing operations before equity method investments, income taxes:2,7571,7312,8151,8551,694791
Loss from equity method investments     (51) 
Other undisclosed income (loss) from continuing operations before income taxes (12)(17)(102)51 
Income from continuing operations before income taxes:2,7571,7192,7981,7531,694791
Income tax expense(576)(284)(653)(428)(440)(202)
Income from continuing operations:2,1811,4352,1451,3251,254589
Income before gain (loss) on sale of properties:✕✕✕2,1451,3251,254589
Net income:2,1811,4352,1451,3251,254589
Net income (loss) attributable to noncontrolling interest  11  (3)
Net income available to common stockholders, diluted:2,1811,4362,1461,3251,254586

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:2,1811,4352,1451,3251,254589
Other comprehensive income (loss)186155(103)(27)234(229)
Comprehensive income:2,3671,5902,0421,2981,488360
Comprehensive income, net of tax, attributable to noncontrolling interest  11   
Other undisclosed comprehensive loss, net of tax, attributable to parent  (1)(1)  (3)
Comprehensive income, net of tax, attributable to parent:2,3671,5902,0421,2981,488357

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.

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