Molson Coors Beverage Company (TAP) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
P.O. BOX 4030 GOLDEN, CO 80401 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2082 - Malt Beverages (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 802 | 961 | 328 | 600 | 525 | 442 | |||
| Cash and cash equivalents | 802 | 961 | 328 | 600 | 525 | 442 | |||
| Receivables | 919 | 1,015 | 804 | 740 | 810 | 885 | |||
| Inventory, net of allowances, customer advances and progress billings | 853 | 863 | 916 | 793 | 867 | 872 | |||
| Inventory | 853 | 863 | 916 | 793 | 867 | 872 | |||
| Other current assets | 353 | 361 | 382 | 379 | 369 | 466 | |||
| Other undisclosed current assets | 162 | 129 | 122 | 126 | 179 | 207 | |||
| Total current assets: | 3,088 | 3,329 | 2,552 | 2,638 | 2,749 | 2,872 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 46 | 50 | 51 | 50 | 49 | 52 | |||
| Operating lease, right-of-use asset | 200 | 205 | 161 | 133 | 118 | 129 | |||
| Property, plant and equipment | (3,662) | ||||||||
| Long-term investments and receivables | |||||||||
| Long-term investments | |||||||||
| Intangible assets, net (including goodwill) | 18,033 | 18,103 | 18,092 | 18,092 | 18,797 | 19,142 | |||
| Goodwill | 5,321 | 5,296 | 5,292 | 5,292 | 6,133 | 6,149 | |||
| Intangible assets, net (excluding goodwill) | 12,712 | 12,807 | 12,799 | 12,800 | 12,663 | 12,994 | |||
| Other noncurrent assets | 1,179 | 1,019 | 939 | 916 | 1,105 | 1,204 | |||
| Other undisclosed noncurrent assets | 4,023 | 4,083 | 4,059 | 7,702 | 3,891 | 3,989 | |||
| Total noncurrent assets: | 23,481 | 23,460 | 23,301 | 23,230 | 23,959 | 24,516 | |||
| TOTAL ASSETS: | 26,568 | 26,790 | 25,853 | 25,868 | 26,709 | 27,388 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,978 | ||||||||
| Accounts payable | 2,068 | ||||||||
| Accrued liabilities | 749 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 162 | ||||||||
| Debt | 879 | 423 | 413 | 397 | 505 | 247 | |||
| Other undisclosed current liabilities | 3,359 | 3,407 | 2,894 | 3,086 | 3,267 | ||||
| Total current liabilities: | 4,238 | 3,830 | 3,306 | 3,375 | 3,591 | 3,514 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,301 | 6,192 | 6,178 | 6,165 | 6,083 | 6,558 | |||
| Long-term debt, excluding current maturities | 5,301 | 6,192 | 6,178 | 6,165 | 6,083 | 6,558 | |||
| Liabilities, other than long-term debt | 3,542 | 3,511 | 3,450 | 3,413 | 3,638 | 3,713 | |||
| Deferred income tax liabilities | 2,707 | 2,671 | 2,659 | 2,646 | 2,728 | 2,783 | |||
| Liability, pension and other postretirement and postemployment benefits | 463 | 469 | 470 | 473 | 625 | 640 | |||
| Other liabilities | 372 | 371 | 321 | 293 | 285 | 290 | |||
| Total noncurrent liabilities: | 8,843 | 9,703 | 9,627 | 9,578 | 9,721 | 10,271 | |||
| Total liabilities: | 13,080 | 13,533 | 12,934 | 12,953 | 13,312 | 13,785 | |||
| Temporary equity, carrying amount | 28 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 13,246 | 13,031 | 12,697 | 12,690 | 13,170 | 13,373 | |||
| Treasury stock, value | (584) | (550) | (538) | (523) | (510) | (498) | |||
| Additional paid in capital | 7,100 | 7,060 | 7,026 | 7,006 | 6,994 | 6,984 | |||
| Accumulated other comprehensive loss | (1,199) | (1,093) | (1,171) | (1,206) | (1,403) | (1,069) | |||
| Retained earnings | 7,470 | 7,129 | 6,877 | 6,894 | 7,567 | 7,434 | |||
| Other undisclosed equity, attributable to parent | 459 | 485 | 502 | 518 | 522 | 522 | |||
| Equity, attributable to noncontrolling interest | 214 | 226 | 223 | 226 | 226 | 230 | |||
| Total equity: | 13,460 | 13,257 | 12,919 | 12,915 | 13,397 | 13,603 | |||
| TOTAL LIABILITIES AND EQUITY: | 26,568 | 26,790 | 25,853 | 25,868 | 26,709 | 27,388 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,906 | 3,871 | 2,775 | 3,145 | 3,517 | 3,501 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,952) | (2,048) | (1,576) | (1,706) | (1,952) | (2,102) | ||
| Other undisclosed gross profit | (607) | (605) | (429) | (516) | (582) | (580) | ||
| Gross profit: | 1,346 | 1,219 | 771 | 924 | 984 | 820 | ||
| Operating expenses | (747) | (735) | (616) | (1,436) | (655) | (708) | ||
| Other operating income (expense), net | (13) | 0 | ||||||
| Other undisclosed operating income (loss) | 6 | 4 | 3 | 1 | 1 | 3 | ||
| Operating income (loss): | 592 | 489 | 158 | (512) | 330 | 115 | ||
| Nonoperating income (expense) | (2) | 5 | 0 | (206) | (13) | (3) | ||
| Other nonoperating income (expense) | (2) | 5 | 0 | |||||
| Interest and debt expense | (60) | (66) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 590 | 493 | 99 | (783) | 317 | 111 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (46) | (52) | 3 | 219 | (44) | (56) | ||
| Income (loss) from continuing operations before income taxes: | 544 | 441 | 102 | (564) | 273 | 55 | ||
| Income tax expense | (112) | (95) | (29) | (26) | (55) | (7) | ||
| Income (loss) from continuing operations: | 432 | 346 | 73 | (590) | 218 | 48 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 218 | 48 | |
| Net income (loss): | 432 | 346 | 73 | (590) | 218 | 48 | ||
| Net loss attributable to noncontrolling interest | (1) | (4) | (1) | (1) | (2) | (1) | ||
| Net income (loss) available to common stockholders, diluted: | 431 | 342 | 73 | (591) | 216 | 47 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 432 | 346 | 73 | (590) | 218 | 48 | ||
| Other comprehensive income (loss) | (106) | 78 | 35 | 199 | (336) | (121) | ||
| Comprehensive income (loss): | 326 | 424 | 108 | (391) | (117) | (73) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | (4) | (1) | (2) | 0 | 1 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 326 | 420 | 107 | (394) | (117) | (72) | ||
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.