Keurig Dr Pepper Inc. (KDP) financial statements (2021 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)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7583611,787911237153
Cash and cash equivalents7583611,787911237153
Restricted cash and investments264618    
Receivables1,1841,223668595570556564
Inventory, net of allowances, customer advances and progress billings654626229202209204200
Inventory654626229202209204200
Prepaid expense1729718  4
Derivative instruments and hedges, assets3193219911 
Assets held-for-sale, not part of disposal group165  1 ✕✕
Other current assets   393945 
Other undisclosed current assets1211431027579158198
Total current assets:2,2732,1591,1172,7361,8171,2111,119
Noncurrent Assets
Property, plant and equipment2,0282,3101,1981,1381,1561,1411,173
Long-term investments and receivables1511862423313936
Long-term investments1511862423313936
Intangible assets, net (including goodwill)44,28943,9787,3425,6495,6515,6745,682
Goodwill20,17220,0113,5612,9932,9882,9902,988
Intangible assets, net (excluding goodwill)24,11723,9673,7812,6562,6632,6842,694
Derivative instruments and hedges     29 
Estimated insurance recoveries 1011132135✕
Deferred costs     911
Other noncurrent assets748259279183150159127
Other undisclosed noncurrent assets2916514943(24)53
Total noncurrent assets:47,24546,7598,9057,0557,0527,0627,082
TOTAL ASSETS:49,51848,91810,0229,7918,8698,2738,201
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1153,3121,0959771,0121,2031,006
Accounts payable3,1762,300365303277289271
Accrued liabilities9391,012719670708672595
Employee-related liabilities     127107
Taxes payable  114271033
Interest and dividends payable     105 
Debt1,5931,4587910507366
Derivative instruments and hedges, liabilities     18 
Deferred revenue and credits✕✕6464646465
Other liabilities445380   128126
Other undisclosed current liabilities321552   (378)(233)
Total current liabilities:6,4745,7021,2381,0511,5831,0381,030
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,82714,5064,4004,4682,8752,5912,509
Long-term debt, excluding current maturities12,82714,201  2,8752,5882,508
Capital lease obligations✕305    55
Other undisclosed long-term debt and lease obligation  4,4004,468 3(54)
Liabilities, other than long-term debt9302541,9332,1382,2282,4442,473
Deferred revenue and credits✕✕1,0551,1171,1811,2501,318
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕26
Deferred compensation liability, classified     2521
Deferred tax liabilities, net✕ 614812787801755
Liability for uncertainty in income taxes     56
Liability, pension and other postretirement and postemployment benefits     44✕
Other liabilities930254264209260302313
Derivative instruments and hedges, liabilities     1734
Other undisclosed noncurrent liabilities6,0305,923   (94)(88)
Total noncurrent liabilities:19,78720,6836,3336,6065,1034,9414,894
Total liabilities:26,26126,3857,5717,6576,6865,9795,924
Stockholders' equity
Stockholders' equity attributable to parent23,25722,5332,4512,1342,1832,2942,277
Common stock141422222
Additional paid in capital21,55721,471 95211658970
Accumulated other comprehensive income (loss)104(130)(202)(229)(195)(137)(88)
Retained earnings1,5821,1782,6512,2662,1651,7711,393
Total stockholders' equity:23,25722,5332,4512,1342,1832,2942,277
TOTAL LIABILITIES AND EQUITY:49,51848,91810,0229,7918,8698,2738,201

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues11,1207,4426,6906,4406,2826,1215,997
Revenue, net✕2146,6906,4406,2826,1215,997
Cost of revenue
(Cost of Goods and Services Sold)		(4,778)(3,560)(2,695)(2,582)(2,559)(3,293)(3,275)
Other undisclosed gross profit     802776
Gross profit:6,3423,8823,9953,8583,7233,6303,498
Operating expenses(3,962)(2,635)(2,658)(2,428)(2,418)(2,467)(2,412)
Other operating income (expense), net(2)(10)513(7)(1)(9)
Other undisclosed operating income (loss)     18(31)
Operating income:2,3781,2371,3881,4331,2981,1801,046
Nonoperating income (expense)(19)1911283(22)(404)
Investment income, nonoperating  332(22)(21)
Other nonoperating income (expense)(19)198251 (383)
Interest and debt expense(665)(13)(226)(178)(117)(109)(123)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (452)   2423
Income from continuing operations before equity method investments, income taxes:1,6947911,1731,2831,1841,073542
Income (loss) from equity method investments(51) (2)(2) 11
Other undisclosed income from continuing operations before income taxes51      
Income from continuing operations before income taxes:1,6947911,1711,2811,1841,074543
Income tax expense (benefit)(440)(202)(95)(434)(420)(371)81
Net income:1,2545891,076847764703624
Net loss attributable to noncontrolling interest (3)     
Net income available to common stockholders, diluted:1,2545861,076847764703624

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,2545891,076847764703624
Other comprehensive income (loss)234(229)27(34)(58)(49)22
Comprehensive income:1,4883601,103813706654646
Other undisclosed comprehensive loss, net of tax, attributable to parent (3)     
Comprehensive income, net of tax, attributable to parent:1,4883571,103813706654646

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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