Molson Coors Brewing Company (TAP) financial statements (2021 and earlier)

Company profile

Business Address P.O. BOX 4030
GOLDEN, CO 80401
State of Incorp. DE
Fiscal Year End December 31
SIC 2082 - Malt Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments770731781666523410490
Cash and cash equivalents770731781666523410490
Receivables556694714638715822932
Inventory, net of allowances, customer advances and progress billings664658639682616643698
Inventory664658639682616643698
Other current assets297434280280225283304
Other undisclosed current assets132123129107106129176
Total current assets:2,4192,6412,5432,3732,1842,2872,600
Noncurrent Assets
Property, plant and equipment4,2504,1804,3444,3944,5474,4324,505
Intangible assets, net (including goodwill)19,70721,03520,94620,84421,28721,13622,056
Goodwill6,1517,6247,5627,5397,6317,5498,289
Intangible assets, net (excluding goodwill)13,55613,41013,38413,30513,65613,58713,767
Other noncurrent assets955820806851842896900
Total noncurrent assets:24,91226,03526,09626,08926,67526,46527,461
TOTAL ASSETS:27,33128,67528,63928,46128,86028,75230,062
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,742   2,767  
Accounts payable1,733      
Accrued liabilities371   2,767  
Employee-related liabilities279      
Taxes payable258      
Interest and dividends payable101      
Debt1,0201,2426131,4459281,1941,035
Other undisclosed current liabilities1483,0683,1932,558 2,6953,046
Total current liabilities:3,9104,3113,8064,0033,6963,8894,080
Noncurrent Liabilities
Long-term debt and lease obligation7,2087,2918,2388,1998,2898,2308,722
Long-term debt, excluding current maturities7,2087,1308,0748,0328,1108,0598,518
Finance lease, liability 575656605181
Operating lease, liability 105109110120121123
Liabilities, other than long-term debt3,5921,1841,2731,2951,1231,1841,119
Deferred income tax liabilities2,382      
Liability, pension and other postretirement and postemployment benefits763692695694717716726
Other liabilities447492578602407468393
Other undisclosed noncurrent liabilities 2,1142,0542,0182,0792,0421,996
Total noncurrent liabilities:10,80010,58911,56511,51211,49111,45711,836
Total liabilities:14,71014,90015,37115,51515,18715,34515,917
Stockholders' equity
Stockholders' equity attributable to parent, including:12,36513,51313,00312,68713,41913,16213,899
Treasury stock, value(471)(471)(471)(471)(471)(471)(471)
Additional paid in capital6,9386,9316,7866,7816,7746,7736,783
Accumulated other comprehensive loss(1,168)(1,383)(1,546)(1,661)(1,162)(1,378)(1,179)
Retained earnings6,5447,9147,5717,3767,6177,5778,103
Other undisclosed stockholders' equity attributable to parent522522662662662662663
Stockholders' equity attributable to noncontrolling interest256263265259254244246
Total stockholders' equity:12,62113,77613,26812,94613,67313,40714,145
TOTAL LIABILITIES AND EQUITY:27,33128,67528,63928,46128,86028,75230,062

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues2,7783,3783,0302,5383,0913,4983,620
Cost of revenue
(Cost of Goods and Services Sold)
(1,399)(1,551)(1,457)(1,479)(1,520)(1,685)(1,760)
Other undisclosed gross profit(484)(625)(526)(435)(605)(656)(672)
Gross profit:8951,2031,0476249661,1561,189
Operating expenses(2,178)(694)(589)(716)(655)(1,394)(720)
Operating income (loss):(1,283)508458(93)311(237)469
Nonoperating income (expense)(238)26(5)(284)(14)(11)
Interest and debt expense(72)  (68)(74)  
Income (loss) from continuing operations before equity method investments, income taxes:(1,593)511464(165)(47)(251)458
Other undisclosed income (loss) from continuing operations before income taxes256(60)(62)6253(58)(57)
Income (loss) from continuing operations before income taxes:(1,337)450402(159)207(309)401
Income tax expense (benefit)(37)(104)(205)43(40)(91)(70)
Net income (loss):(1,374)346197(115)166(399)330
Net income (loss) attributable to noncontrolling interest4(4)(2)(2)(3)(4)(1)
Net income (loss) available to common stockholders, diluted:(1,370)343195(117)164(403)329

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(1,374)346197(115)166(399)330
Other comprehensive income (loss)218164117(502)218(201)4
Comprehensive income (loss):(1,156)510314(617)384(600)334
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2(5)(3)1(4)(3)(1)
Comprehensive income (loss), net of tax, attributable to parent:(1,154)505311(616)380(603)334

Statements sources

The financial statements are based on the company's filings with the 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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