← Keurig Dr Pepper Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $847.0m | $1.1b | $586.0m | $1.3b | $1.3b | $2.1b | $1.4b | $2.2b | $1.4b | $2.1b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $589.0m | $1.3b | $1.3b | $2.1b | $1.4b | $2.2b | $1.4b | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $849.0m | $1.1b | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $3.0m | $0 | $0 | ($1.0m) | ($1.0m) | $0 | $0 | — | |
| Depreciation and amortization | $99.0m | $102.0m | — | — | — | — | — | — | — | — | |
| Amortization | $33.0m | $31.0m | — | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $3.0m | $7.0m | $121.0m | $126.0m | $133.0m | $134.0m | $138.0m | $137.0m | $133.0m | $138.0m | |
| Depreciation | $191.0m | $198.0m | $233.0m | $358.0m | $362.0m | $410.0m | $399.0m | $402.0m | $422.0m | $455.0m | |
| Deferred Income Tax Expense (Benefit) | $29.0m | ($201.0m) | ($81.0m) | ($23.0m) | ($51.0m) | $31.0m | ($289.0m) | ($4.0m) | ($254.0m) | $45.0m | |
| Share-based Payment Arrangement, Noncash Expense | $45.0m | $36.0m | $35.0m | $64.0m | $85.0m | $88.0m | $52.0m | $116.0m | $98.0m | $97.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $31.0m | $30.0m | — | — | — | $125.0m | $15.0m | $62.0m | $61.0m | $31.0m | |
| Share-based Payment Arrangement, Expense | $45.0m | $36.0m | $35.0m | $64.0m | $85.0m | $88.0m | $52.0m | $116.0m | $98.0m | $97.0m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | $102.0m | $17.0m | $12.0m | $0 | $2.0m | — | |
| Goodwill and Intangible Asset Impairment | — | — | $0 | $0 | $67.0m | $0 | $477.0m | $2.0m | $412.0m | $78.0m | |
| Goodwill, Impairment Loss | $0 | $0 | — | — | — | — | — | — | $306.0m | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | $0 | $0 | $67.0m | $0 | $477.0m | $2.0m | $412.0m | $78.0m | |
| Impairment of Intangible Assets, Finite-lived | — | — | $0 | $0 | — | $0 | $5.0m | $2.0m | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $1.0m | $0 | $0 | $67.0m | $0 | $472.0m | $2.0m | $412.0m | $78.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $6.0m | $3.0m | $5.0m | ($14.0m) | $36.0m | $75.0m | $80.0m | $1.0m | ($16.0m) | $2.0m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | $524.0m | $50.0m | $0 | $0 | — | |
| Gain (Loss) on Extinguishment of Debt | ($31.0m) | ($62.0m) | ($13.0m) | ($11.0m) | ($4.0m) | ($105.0m) | ($217.0m) | $0 | $0 | — | |
| Income (Loss) from Equity Method Investments | ($2.0m) | ($2.0m) | $17.0m | ($51.0m) | ($20.0m) | ($5.0m) | ($5.0m) | $33.0m | $42.0m | $81.0m | |
| Income Tax Expense (Benefit) | $434.0m | $95.0m | $202.0m | $440.0m | $428.0m | $653.0m | $284.0m | $576.0m | $473.0m | $608.0m | |
| Other Nonoperating Income (Expense) | $25.0m | $8.0m | $19.0m | ($19.0m) | ($17.0m) | $2.0m | ($14.0m) | $61.0m | $60.0m | ($134.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $31.0m | $47.0m | ($82.0m) | $7.0m | $5.0m | $152.0m | $398.0m | ($70.0m) | $209.0m | $202.0m | |
| Increase (Decrease) in Inventories | ($3.0m) | $0 | ($185.0m) | $24.0m | $107.0m | $133.0m | $426.0m | ($182.0m) | $92.0m | $405.0m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | $5.0m | $2.0m | — | ($13.0m) | $3.0m | $3.0m | $0 | — | |
| Proceeds from Stock Options Exercised | $14.0m | $20.0m | — | $0 | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | $28.0m | ($24.0m) | $1.0m | ($9.0m) | ($26.0m) | $13.0m | ($33.0m) | $6.0m | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | $299.0m | $0 | $0 | — | |
| Goodwill | $3.0b | $3.6b | $20.0b | $20.2b | $20.2b | $20.2b | $20.1b | $20.2b | $20.1b | $20.2b | |
| Investment Income, Interest | $3.0m | $3.0m | — | — | — | — | — | — | — | — | |
| Payments of Financing Costs | $19.0m | $5.0m | $55.0m | $0 | — | — | — | — | — | — | |
| Proceeds from Contributions from Affiliates | — | — | $0 | $0 | — | — | — | — | — | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | $17.0m | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | $4.0m | ($49.0m) | ($36.0m) | ($8.0m) | $70.0m | ($383.0m) | ($31.0m) | ($91.0m) | $1.0m | |
| Unrealized Gain (Loss) on Investments | — | — | $28.0m | ($24.0m) | ($1.0m) | $5.0m | $4.0m | $16.0m | $33.0m | ($6.0m) | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | $2.0m | ($1.0m) | — | — | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($6.0m) | ($13.0m) | — | — | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | $3.0m | $51.0m | ($10.0m) | ($2.0m) | $39.0m | $70.0m | $105.0m | $26.0m | ($207.0m) | $5.0m | |
| Net Cash Provided by (Used in) Operating Activities | $939.0m | $1.0b | $1.6b | $2.5b | $2.5b | $2.9b | $2.8b | $1.3b | $2.2b | $2.0b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $180.0m | $202.0m | $180.0m | $330.0m | $461.0m | $423.0m | $353.0m | $425.0m | $563.0m | $486.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | $1.0b | $149.0m | |
| Payments for (Proceeds from) Other Investing Activities | $8.0m | $3.0m | ($6.0m) | ($24.0m) | ($9.0m) | $16.0m | ($6.0m) | ($4.0m) | ($11.0m) | ($66.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($189.0m) | ($1.8b) | ($19.1b) | ($150.0m) | ($316.0m) | $210.0m | ($1.1b) | ($784.0m) | ($1.6b) | ($573.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | — | — | $9.0b | $0 | $0 | $140.0m | $0 | $0 | — | — | |
| Payments for Repurchase of Common Stock | $519.0m | $399.0m | — | — | — | — | $379.0m | $706.0m | $1.1b | $9.0m | |
| Payments of Ordinary Dividends, Common Stock | $386.0m | $414.0m | $232.0m | $844.0m | $846.0m | $955.0m | $1.1b | $1.1b | $1.2b | $1.2b | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | $18.0m | $0 | $0 | — | — | — | — | — | |
| Payments of Dividends | $386.0m | $414.0m | $232.0m | $844.0m | $846.0m | $955.0m | $1.1b | $1.1b | $1.2b | $1.2b | |
| Dividends Payable, Current | $97.0m | — | $209.0m | $212.0m | $212.0m | $265.0m | $281.0m | $299.0m | $312.0m | — | |
| Dividends Payable | $97.0m | $103.0m | $211.0m | $211.0m | $212.0m | $265.0m | $281.0m | $299.0m | $312.0m | $312.0m | |
| Proceeds from (Payments for) Other Financing Activities | ($1.0m) | $0 | $4.0m | $5.0m | $0 | ($36.0m) | ($46.0m) | ($6.0m) | ($23.0m) | ($5.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $130.0m | ($907.0m) | $17.6b | ($2.4b) | ($2.0b) | ($2.8b) | ($1.7b) | ($832.0m) | ($223.0m) | ($999.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($97.0m) | ($15.0m) | $12.0m | ($6.0m) | ($9.0m) | ($7.0m) | $19.0m | ($41.0m) | $17.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $158.0m | $139.0m | $111.0m | $255.0m | $568.0m | $535.0m | $267.0m | $608.0m | $1.0b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $180.0m | $521.0m | $515.0m | $477.0m | $363.0m | $443.0m | $494.0m | $594.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.