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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2407583611,787911237
Cash and cash equivalents2407583611,787911237
Restricted cash and investments15264618   
Receivables1,1441,1841,223668595570556
Inventory, net of allowances, customer advances and progress billings762654626229202209204
Inventory762654626229202209204
Prepaid expense151729718  
Derivative instruments and hedges, assets453193219911
Assets held-for-sale, not part of disposal group2165  1 ✕
Other current assets    393945
Other undisclosed current assets1651211431027579158
Total current assets:2,3882,2732,1591,1172,7361,8171,211
Noncurrent Assets
Property, plant and equipment2,2122,0282,3101,1981,1381,1561,141
Long-term investments and receivables8815118624233139
Long-term investments8815118624233139
Intangible assets, net (including goodwill)44,15244,28943,9787,3425,6495,6515,674
Goodwill20,18420,17220,0113,5612,9932,9882,990
Intangible assets, net (excluding goodwill)23,96824,11723,9673,7812,6562,6632,684
Derivative instruments and hedges      29
Estimated insurance recoveries  1011132135
Deferred costs      9
Deferred income tax assets45 ✕✕✕✕✕
Other noncurrent assets894748259279183150159
Other undisclosed noncurrent assets 2916514943(24)
Total noncurrent assets:47,39147,24546,7598,9057,0557,0527,062
TOTAL ASSETS:49,77949,51848,91810,0229,7918,8698,273
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,7804,1153,3121,0959771,0121,203
Accounts payable3,7403,1762,300365303277289
Accrued liabilities1,0409391,012719670708672
Employee-related liabilities      127
Taxes payable   1142710
Interest and dividends payable      105
Debt2,3451,5931,45879105073
Derivative instruments and hedges, liabilities      18
Deferred revenue and credits✕✕✕64646464
Other liabilities416445380   128
Other undisclosed current liabilities153321552   (378)
Total current liabilities:7,6946,4745,7021,2381,0511,5831,038
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,14312,82714,5064,4004,4682,8752,591
Long-term debt, excluding current maturities11,14312,82714,201  2,8752,588
Capital lease obligations✕✕305    
Other undisclosed long-term debt and lease obligation   4,4004,468 3
Liabilities, other than long-term debt7,1129302541,9332,1382,2282,444
Deferred revenue and credits✕✕✕1,0551,1171,1811,250
Deferred compensation liability, classified      25
Deferred tax liabilities, net✕✕ 614812787801
Deferred income tax liabilities5,993 ✕✕✕✕✕
Liability for uncertainty in income taxes      5
Liability, pension and other postretirement and postemployment benefits      44
Other liabilities1,119930254264209260302
Derivative instruments and hedges, liabilities      17
Other undisclosed noncurrent liabilities 6,0305,923   (94)
Total noncurrent liabilities:18,25519,78720,6836,3336,6065,1034,941
Total liabilities:25,94926,26126,3857,5717,6576,6865,979
Stockholders' equity
Stockholders' equity attributable to parent23,82923,25722,5332,4512,1342,1832,294
Common stock1414142222
Additional paid in capital21,67721,55721,471 95211658
Accumulated other comprehensive income (loss)77104(130)(202)(229)(195)(137)
Retained earnings2,0611,5821,1782,6512,2662,1651,771
Stockholders' equity attributable to noncontrolling interest1      
Total stockholders' equity:23,83023,25722,5332,4512,1342,1832,294
TOTAL LIABILITIES AND EQUITY:49,77949,51848,91810,0229,7918,8698,273

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues11,61811,1207,4426,6906,4406,2826,121
Revenue, net✕✕2146,6906,4406,2826,121
Cost of revenue
(Cost of Goods and Services Sold)		(5,132)(4,778)(3,560)(2,695)(2,582)(2,559)(3,293)
Other undisclosed gross profit      802
Gross profit:6,4866,3423,8823,9953,8583,7233,630
Operating expenses(3,978)(3,962)(2,635)(2,658)(2,428)(2,418)(2,467)
Other operating income (expense), net39(2)(10)513(7)(1)
Other undisclosed operating income (loss)(67)     18
Operating income:2,4802,3781,2371,3881,4331,2981,180
Nonoperating income (expense)(17)(19)1911283(22)
Investment income, nonoperating   332(22)
Other nonoperating income (expense)(17)(19)198251 
Interest and debt expense(608)(665)(13)(226)(178)(117)(109)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (452)   24
Income from continuing operations before equity method investments, income taxes:1,8551,6947911,1731,2831,1841,073
Income (loss) from equity method investments (51) (2)(2) 1
Other undisclosed income (loss) from continuing operations before income taxes(102)51     
Income from continuing operations before income taxes:1,7531,6947911,1711,2811,1841,074
Income tax expense(428)(440)(202)(95)(434)(420)(371)
Net income:1,3251,2545891,076847764703
Net loss attributable to noncontrolling interest  (3)    
Net income available to common stockholders, diluted:1,3251,2545861,076847764703

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,3251,2545891,076847764703
Other comprehensive income (loss)(27)234(229)27(34)(58)(49)
Comprehensive income:1,2981,4883601,103813706654
Other undisclosed comprehensive loss, net of tax, attributable to parent  (3)    
Comprehensive income, net of tax, attributable to parent:1,2981,4883571,103813706654

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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