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

Company profile

Business Address 1801 CALIFORNIA STREET, SUITE 4600
DENVER, CO 80202
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)

12/31/2019
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 investments5231,058419561431625442
Cash and cash equivalents5231,058419561431625442
Receivables715744733669118133155
Inventory, net of allowances, customer advances and progress billings616592592593179202205
Inventory616592592593179202205
Prepaid expense  4136111614
Deferred tax assets    27(88)
Other current assets2252462782111057982
Other undisclosed current assets106127128100415497727
Total current assets:2,1842,7662,1902,1701,2591,5791,538
Noncurrent Assets
Property, plant and equipment4,5474,6084,6744,5071,5911,7981,970
Long-term investments and receivables    202224
Accounts and financing receivable, after allowance for credit loss    202224
Intangible assets, net (including goodwill)21,28722,03722,70222,2826,7297,9479,244
Goodwill7,6318,2618,4068,2501,9832,1922,419
Intangible assets, net (excluding goodwill)13,65613,77614,29714,0324,7465,7566,825
Other noncurrent assets842698682383217204260
Deferred tax assets, net     (873)
Other undisclosed noncurrent assets    2,4612,4473,418
Total noncurrent assets:26,67527,34428,05727,17211,01812,41714,042
TOTAL ASSETS:28,86030,11030,24729,34212,27613,99615,580
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,767    2,2443,581
Accounts payable     618600
Accrued liabilities2,767    1,3051,336
Employee-related liabilities     10692
Taxes payable     215217
Accounts payable and other accrued liabilities1,336
Debt9281,59571568529849587
Derivative instruments and hedges, liabilities      74
Due to related parties     21 
Disposal group, including discontinued operation  55467
Deferred tax liabilities    16588
Other undisclosed current liabilities 2,7062,6802,4681,184(961)(2,194)
Total current liabilities:3,6964,3013,3993,1581,2172,3252,142
Noncurrent Liabilities
Long-term debt and lease obligation8,2898,89410,59911,3882,9092,3373,213
Long-term debt, excluding current maturities8,1108,89410,59911,3882,9092,3373,213
Finance lease, liability60
Operating lease, liability120
Liabilities, other than long-term debt1,1233,1791,1653,1751,0796381,469
Pension and other postretirement defined benefit plans, liabilities463
Deferred tax liabilities, net2,129 1,699800 911
Liability, pension and other postretirement and postemployment benefits7177278491,196202543
Disposal group, including discontinued operation, liabilities  1213101617
Other liabilities407324304267678074
Derivative instruments and hedges, liabilities      3
Other undisclosed noncurrent liabilities2,079 1,649 881093
Total noncurrent liabilities:11,49112,07313,41314,5623,9963,7854,774
Total liabilities:15,18716,37416,81217,7205,2136,1106,916
Stockholders' equity
Stockholders' equity attributable to parent, including:13,41913,50713,22611,4197,0437,8638,639
Treasury stock, value(471)(471)(471)(471)(471)(321)(321)
Additional paid in capital6,7746,7736,6896,6354,0003,8713,748
Accumulated other comprehensive income (loss)(1,162)(1,150)(860)(1,546)(1,695)(898)155
Retained earnings7,6177,6937,2066,1194,4964,4404,233
Other undisclosed stockholders' equity attributable to parent662663663681713772824
Stockholders' equity attributable to noncontrolling interest254228209203202325
Total stockholders' equity:13,67313,73613,43511,6227,0637,8868,664
TOTAL LIABILITIES AND EQUITY:28,86030,11030,24729,34212,27613,99615,580

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues13,00913,33811,0036,5975,1275,9286,000
Revenue, net11,0036,5975,1275,9286,000
Cost of revenue
(Cost of Goods and Services Sold)
(6,378)(6,585)(8,686)(4,716)(3,723)(4,275)(4,339)
Other undisclosed gross profit(2,430)(2,568)2,469    
Gross profit:4,2014,1854,7861,8821,4041,6531,661
Operating expenses(3,437)(2,553)(3,061)927(1,399)(1,801)(1,714)
Other undisclosed operating income   501516875860
Operating income:7641,6321,7253,309522727806
Nonoperating expense(285)(272)(343)(274)(111)(140)(151)
Interest and debt expense(281)(306)(349)(272)(120)(145)(184)
Other undisclosed income from continuing operations before equity method investments, income taxes  349272120 184
Income from continuing operations before equity method investments, income taxes:1991,0541,3823,035411441655
Income (loss) from equity method investments   35(2)19
Other undisclosed income (loss) from continuing operations before income taxes281306 (3)(5)147 
Income from continuing operations before income taxes:4801,3601,3823,035411586674
Income tax expense (benefit)(234)(225)53(1,051)(52)(69)(84)
Other undisclosed loss from continuing operations      (19)
Income before gain (loss) on sale of properties:2461,1351,4351,985359517571
Other undisclosed net income (loss)  2(3)412
Net income:2461,1351,4361,982363518573
Net loss attributable to noncontrolling interest(5)(18)(22)(6)(3)(4)(5)
Net income available to common stockholders, diluted:2421,1171,4141,976360514567

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2461,1351,4361,982363518573
Other comprehensive income (loss)63(292)714147(798)(1,053)193
Comprehensive income (loss):3098432,1512,128(435)(536)765
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(16)(25)(3)(3)(4)5
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    1 (10)
Comprehensive income (loss), net of tax, attributable to parent:3048272,1262,125(437)(539)760

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: