Keurig Dr Pepper Inc. (KDP) financial statements (2022 and earlier)

Company profile

Business Address 53 SOUTH AVENUE
BURLINGTON, MA 01803
State of Incorp. DE
Fiscal Year End December 31
SIC 208 - Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5672407583611,787911
Cash and cash equivalents5672407583611,787911
Restricted cash and investments115264618  
Receivables1,2741,1441,1841,223668595570
Inventory, net of allowances, customer advances and progress billings894762654626229202209
Inventory894762654626229202209
Prepaid expense12151729718 
Derivative instruments and hedges, assets1444531932199
Assets held-for-sale, not part of disposal group 2165  1 
Other current assets     3939
Other undisclosed current assets1651651211431027579
Total current assets:3,0572,3882,2732,1591,1172,7361,817
Noncurrent Assets
Property, plant and equipment2,4942,2122,0282,3101,1981,1381,156
Long-term investments and receivables3088151186242331
Long-term investments3088151186242331
Intangible assets, net (including goodwill)44,03844,15244,28943,9787,3425,6495,651
Goodwill20,18220,18420,17220,0113,5612,9932,988
Intangible assets, net (excluding goodwill)23,85623,96824,11723,9673,7812,6562,663
Estimated insurance recoveries   10111321
Deferred income tax assets4245 
Other noncurrent assets937894748259279183150
Other undisclosed noncurrent assets  2916514943
Total noncurrent assets:47,54147,39147,24546,7598,9057,0557,052
TOTAL ASSETS:50,59849,77949,51848,91810,0229,7918,869
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,4264,7804,1153,3121,0959771,012
Accounts payable4,3163,7403,1762,300365303277
Accrued liabilities1,1101,0409391,012719670708
Taxes payable    11427
Debt3042,3451,5931,4587910507
Deferred revenue and credits646464
Other liabilities613416445380   
Other undisclosed current liabilities142153321552   
Total current liabilities:6,4857,6946,4745,7021,2381,0511,583
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,57811,14312,82714,5064,4004,4682,875
Long-term debt, excluding current maturities11,57811,14312,82714,201  2,875
Capital lease obligations305   
Other undisclosed long-term debt and lease obligation    4,4004,468 
Liabilities, other than long-term debt7,5637,1129302541,9332,1382,228
Deferred revenue and credits1,0551,1171,181
Deferred tax liabilities, net 614812787
Deferred income tax liabilities5,9865,993 
Other liabilities1,5771,119930254264209260
Other undisclosed noncurrent liabilities  6,0305,923   
Total noncurrent liabilities:19,14118,25519,78720,6836,3336,6065,103
Total liabilities:25,62625,94926,26126,3857,5717,6576,686
Stockholders' equity
Stockholders' equity attributable to parent24,97223,82923,25722,5332,4512,1342,183
Common stock14141414222
Additional paid in capital21,78521,67721,55721,471 95211
Accumulated other comprehensive income (loss)(26)77104(130)(202)(229)(195)
Retained earnings3,1992,0611,5821,1782,6512,2662,165
Stockholders' equity attributable to noncontrolling interest 1     
Total stockholders' equity:24,97223,83023,25722,5332,4512,1342,183
TOTAL LIABILITIES AND EQUITY:50,59849,77949,51848,91810,0229,7918,869

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues12,68311,61811,1207,4426,6906,4406,282
Revenue, net2146,6906,4406,282
Cost of revenue
(Cost of Goods and Services Sold)
(5,706)(5,132)(4,778)(3,560)(2,695)(2,582)(2,559)
Gross profit:6,9776,4866,3423,8823,9953,8583,723
Operating expenses(4,153)(3,978)(3,962)(2,635)(2,658)(2,428)(2,418)
Other operating income (expense), net7039(2)(10)513(7)
Other undisclosed operating loss (67)     
Operating income:2,8942,4802,3781,2371,3881,4331,298
Nonoperating income (expense)526(17)(19)1911283
Investment income, nonoperating524   332
Other nonoperating income (expense)2(17)(19)198251
Interest and debt expense(605)(608)(665)(13)(226)(178)(117)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (452)   
Income from continuing operations before equity method investments, income taxes:2,8151,8551,6947911,1731,2831,184
Loss from equity method investments  (51) (2)(2) 
Other undisclosed income (loss) from continuing operations before income taxes(17)(102)51    
Income from continuing operations before income taxes:2,7981,7531,6947911,1711,2811,184
Income tax expense(653)(428)(440)(202)(95)(434)(420)
Net income:2,1451,3251,2545891,076847764
Net income (loss) attributable to noncontrolling interest1  (3)   
Net income available to common stockholders, diluted:2,1461,3251,2545861,076847764

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,1451,3251,2545891,076847764
Other comprehensive income (loss)(103)(27)234(229)27(34)(58)
Comprehensive income:2,0421,2981,4883601,103813706
Comprehensive income, net of tax, attributable to noncontrolling interest1      
Other undisclosed comprehensive loss, net of tax, attributable to parent(1)  (3)   
Comprehensive income, net of tax, attributable to parent:2,0421,2981,4883571,103813706

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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