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Keurig Dr Pepper Declares Quarterly Dividend
Keurig Dr Pepper Declares Quarterly Dividend ... 10, 2024 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.23 per share, payable in U.S ... Investor Contacts: Investor Relations T: 888-340-5287 / IR@kdrp.com Media Contact: Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com ABOUT Keurig DR PEPPER Keurig Dr Pepper ( Nasdaq : KDP ) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig ® , Dr Pepper ® , Canada Dry ® , Mott's ® , A&W ® , Snapple ® , Peñafiel ® , 7UP ® , Green Mountain Coffee Roasters ® , Clamato ® , Core Hydration ® and The Original Donut Shop ® ... For more information, visit www.Keurigdrpepper.com and follow us on LinkedIn ... SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper Evolves Executive Leadership Team in Support of Growth Strategy
Keurig Dr Pepper Evolves Executive Leadership Team in Support of Growth Strategy ... 13, 2025 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) today announced several leadership appointments to continue to drive its Company strategy and deliver on its vision of a beverage for every need, anytime and anywhere ... About Keurig Dr Pepper Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Snapple®, Peñafiel®, 7UP®, Green Mountain Coffee Roasters®, Clamato®, Core Hydration® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com and follow us on LinkedIn ... Investors: Investor Relations Keurig Dr Pepper T: 888-340-5287 / IR@kdrp.com Media: Katie Gilroy Keurig Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com SOURCE Keurig Dr Pepper .
Keurig Dr Pepper Strengthens National Direct-Store-Delivery Operations with Acquisition of Strategic Assets from Kalil Bottling Company
Keurig Dr Pepper Strengthens National Direct-Store-Delivery Operations with Acquisition of Strategic Assets from Kalil Bottling Company ... and FRISCO, Texas , May 31, 2024 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) today announced an agreement to acquire all production, sales and distribution assets of independent bottler Kalil Bottling Co.
Stewart's® Root Beer Marks Centennial Anniversary
Today, Stewart's ® is a licensed brand within Keurig Dr Pepper (KDP)'s iconic beverage portfolio ... MEDIA CONTACT: Brooke Ballew , Keurig Dr Pepper, Inc.
Keurig Dr Pepper Highlights Meaningful Progress Towards Ambitious Commitments in Latest Corporate Responsibility Report
Keurig Dr Pepper Highlights Meaningful Progress Towards Ambitious Commitments in Latest Corporate Responsibility Report ... and FRISCO, Texas , June 20, 2024 /PRNewswire/ -- Keurig Dr Pepper Inc ... "Keurig Dr Pepper's corporate responsibility commitments and progress are deeply intertwined with policy progression and partnerships," said Monique Oxender , Chief Corporate Affairs Officer ... About Keurig Dr Pepper Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Snapple®, Peñafiel®, 7UP®, Green Mountain Coffee Roasters®, Clamato®, Core Hydration® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com and follow us on LinkedIn ... Media Contact: Laren Marra Keurig Dr Pepper T: 773-865-3522 / laren.marra@kdrp.com Investor Contacts: Jane Gelfand Keurig Dr Pepper T: 888-340-5287 / jane.gelfand@kdrp.com Chethan Mallela Keurig Dr Pepper T: 888-340-5287 / chethan.mallela@kdrp.com 1 Excluding lids and caps ... SOURCE Keurig Dr Pepper .
Keurig Dr Pepper to Report Second Quarter 2024 Results and Host Conference Call
Keurig Dr Pepper to Report Second Quarter 2024 Results and Host Conference Call ... and FRISCO, Texas , June 27, 2024 /PRNewswire/ -- Keurig Dr Pepper Inc ... Investors and analysts may access the call by dialing (833) 629-0615 within the United States or Canada and (412) 317-1824 internationally and referencing the Keurig Dr Pepper call ... Access to a live audio webcast and replay of the event will be available in the Investors section of the Company's corporate website, www.Keurigdrpepper.com ... Investors: Investor Relations Keurig Dr Pepper T: 888-340-5287 / IR@kdrp.com Media: Katie Gilroy Keurig Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com ABOUT Keurig DR PEPPER Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Snapple®, Peñafiel®, 7UP®, Green Mountain Coffee Roasters®, Clamato®, Core Hydration® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com and follow us on LinkedIn ... SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper Reports Q2 2024 Results and Reaffirms Fiscal 2024 Guidance
Keurig Dr Pepper Reports Q2 2024 Results and Reaffirms Fiscal 2024 Guidance ... and FRISCO, Texas , July 25, 2024 /PRNewswire/ -- Keurig Dr Pepper Inc ... Brewer shipments totaled 10.1 million for the twelve months ending June 30, 2024 , increasing 1.4% year-over-year, reflecting continued Keurig market share momentum ... \t\t\t \t\t \t Investor Contacts: Investor Relations T: 888-340-5287 / IR@kdrp.com Media Contact: Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com ABOUT Keurig DR PEPPER Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig ® , Dr Pepper ® , Canada Dry ® , Mott's ® , A&W ® , Snapple ® , Peñafiel ® , 7UP ® , Green Mountain Coffee Roasters ® , Clamato ® , Core Hydration ® and The Original Donut Shop ® ... For more information, visit www.Keurigdrpepper.com and follow us on LinkedIn. FORWARD LOOKING STATEMENTS Certain statements contained herein are "forward-looking statements" within the meaning of applicable securities laws and regulations ... \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t CONDENSED CONSOLIDATED STATEMENTS OF INCOME \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t Second Quarter \t\t\t \t\t\t \t\t\t \t\t\t First Six Months \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions, except per share data) \t\t\t \t\t\t \t\t\t 2024 \t\t\t \t\t\t \t\t\t \t\t\t 2023 \t\t\t \t\t\t \t\t\t \t\t\t 2024 \t\t\t \t\t\t \t\t\t \t\t\t 2023 \t\t\t \t\t \t\t \t\t\t \t\t\t Net sales \t\t\t \t\t\t \t\t\t $ 3,922 \t\t\t \t\t\t \t\t\t \t\t\t $ 3,789 \t\t\t \t\t\t \t\t\t \t\t\t $ 7,390 \t\t\t \t\t\t \t\t\t \t\t\t $ 7,142 \t\t\t \t\t \t\t \t\t\t \t\t\t Cost of sales \t\t\t \t\t\t \t\t\t 1,750 \t\t\t \t\t\t \t\t\t \t\t\t 1,748 \t\t\t \t\t\t \t\t\t \t\t\t 3,278 \t\t\t \t\t\t \t\t\t \t\t\t 3,357 \t\t\t \t\t \t\t \t\t\t \t\t\t Gross profit \t\t\t \t\t\t \t\t\t 2,172 \t\t\t \t\t\t \t\t\t \t\t\t 2,041 \t\t\t \t\t\t \t\t\t \t\t\t 4,112 \t\t\t \t\t\t \t\t\t \t\t\t 3,785 \t\t\t \t\t \t\t \t\t\t \t\t\t Selling, general, and administrative expenses \t\t\t \t\t\t \t\t\t 1,295 \t\t\t \t\t\t \t\t\t \t\t\t 1,272 \t\t\t \t\t\t \t\t\t \t\t\t 2,471 \t\t\t \t\t\t \t\t\t \t\t\t 2,437 \t\t\t \t\t \t\t \t\t\t \t\t\t Other operating expense (income), net \t\t\t \t\t\t \t\t\t 16 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 15 \t\t\t \t\t\t \t\t\t \t\t\t (5) \t\t\t \t\t \t\t \t\t\t \t\t\t Income from operations \t\t\t \t\t\t \t\t\t 861 \t\t\t \t\t\t \t\t\t \t\t\t 769 \t\t\t \t\t\t \t\t\t \t\t\t 1,626 \t\t\t \t\t\t \t\t\t \t\t\t 1,353 \t\t\t \t\t \t\t \t\t\t \t\t\t Interest expense, net \t\t\t \t\t\t \t\t\t 204 \t\t\t \t\t\t \t\t\t \t\t\t 172 \t\t\t \t\t\t \t\t\t \t\t\t 382 \t\t\t \t\t\t \t\t\t \t\t\t 195 \t\t\t \t\t \t\t \t\t\t \t\t\t Other income, net \t\t\t \t\t\t \t\t\t (15) \t\t\t \t\t\t \t\t\t \t\t\t (16) \t\t\t \t\t\t \t\t\t \t\t\t (22) \t\t\t \t\t\t \t\t\t \t\t\t (36) \t\t\t \t\t \t\t \t\t\t \t\t\t Income before provision for income taxes \t\t\t \t\t\t \t\t\t 672 \t\t\t \t\t\t \t\t\t \t\t\t 613 \t\t\t \t\t\t \t\t\t \t\t\t 1,266 \t\t\t \t\t\t \t\t\t \t\t\t 1,194 \t\t\t \t\t \t\t \t\t\t \t\t\t Provision for income taxes \t\t\t \t\t\t \t\t\t 157 \t\t\t \t\t\t \t\t\t \t\t\t 110 \t\t\t \t\t\t \t\t\t \t\t\t 297 \t\t\t \t\t\t \t\t\t \t\t\t 224 \t\t\t \t\t \t\t \t\t\t \t\t\t Net income \t\t\t \t\t\t \t\t\t $ 515 \t\t\t \t\t\t \t\t\t \t\t\t $ 503 \t\t\t \t\t\t \t\t\t \t\t\t $ 969 \t\t\t \t\t\t \t\t\t \t\t\t $ 970 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Earnings per common share: \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Basic \t\t\t \t\t\t \t\t\t $ 0.38 \t\t\t \t\t\t \t\t\t \t\t\t $ 0.36 \t\t\t \t\t\t \t\t\t \t\t\t $ 0.71 \t\t\t \t\t\t \t\t\t \t\t\t $ 0.69 \t\t\t \t\t \t\t \t\t\t \t\t\t Diluted \t\t\t \t\t\t \t\t\t 0.38 \t\t\t \t\t\t \t\t\t \t\t\t 0.36 \t\t\t \t\t\t \t\t\t \t\t\t 0.70 \t\t\t \t\t\t \t\t\t \t\t\t 0.69 \t\t\t \t\t \t\t \t\t\t \t\t\t Weighted average common shares outstanding: \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Basic \t\t\t \t\t\t \t\t\t 1,355.6 \t\t\t \t\t\t \t\t\t \t\t\t 1,400.3 \t\t\t \t\t\t \t\t\t \t\t\t 1,368.2 \t\t\t \t\t\t \t\t\t \t\t\t 1,403.2 \t\t\t \t\t \t\t \t\t\t \t\t\t Diluted \t\t\t \t\t\t \t\t\t 1,361.2 \t\t\t \t\t\t \t\t\t \t\t\t 1,409.1 \t\t\t \t\t\t \t\t\t \t\t\t 1,374.4 \t\t\t \t\t\t \t\t\t \t\t\t 1,413.1 \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t CONDENSED CONSOLIDATED BALANCE SHEETS \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t June 30, \t\t\t \t\t\t \t\t\t \t\t\t December 31, \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions, except share and per share data) \t\t\t \t\t\t \t\t\t 2024 \t\t\t \t\t\t \t\t\t \t\t\t 2023 \t\t\t \t\t \t\t \t\t\t \t\t\t Assets \t\t\t \t\t \t\t \t\t\t \t\t\t Current assets: \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Cash and cash equivalents \t\t\t \t\t\t \t\t\t $ 438 \t\t\t \t\t\t \t\t\t \t\t\t $ 267 \t\t\t \t\t \t\t \t\t\t \t\t\t Trade accounts receivable, net \t\t\t \t\t\t \t\t\t 1,390 \t\t\t \t\t\t \t\t\t \t\t\t 1,368 \t\t\t \t\t \t\t \t\t\t \t\t\t Inventories \t\t\t \t\t\t \t\t\t 1,252 \t\t\t \t\t\t \t\t\t \t\t\t 1,142 \t\t\t \t\t \t\t \t\t\t \t\t\t Prepaid expenses and other current assets \t\t\t \t\t\t \t\t\t 739 \t\t\t \t\t\t \t\t\t \t\t\t 598 \t\t\t \t\t \t\t \t\t\t \t\t\t Total current assets \t\t\t \t\t\t \t\t\t 3,819 \t\t\t \t\t\t \t\t\t \t\t\t 3,375 \t\t\t \t\t \t\t \t\t\t \t\t\t Property, plant and equipment, net \t\t\t \t\t\t \t\t\t 2,680 \t\t\t \t\t\t \t\t\t \t\t\t 2,699 \t\t\t \t\t \t\t \t\t\t \t\t\t Investments in unconsolidated affiliates \t\t\t \t\t\t \t\t\t 1,468 \t\t\t \t\t\t \t\t\t \t\t\t 1,387 \t\t\t \t\t \t\t \t\t\t \t\t\t Goodwill \t\t\t \t\t\t \t\t\t 20,081 \t\t\t \t\t\t \t\t\t \t\t\t 20,202 \t\t\t \t\t \t\t \t\t\t \t\t\t Other intangible assets, net \t\t\t \t\t\t \t\t\t 23,108 \t\t\t \t\t\t \t\t\t \t\t\t 23,287 \t\t\t \t\t \t\t \t\t\t \t\t\t Other non-current assets \t\t\t \t\t\t \t\t\t 1,144 \t\t\t \t\t\t \t\t\t \t\t\t 1,149 \t\t\t \t\t \t\t \t\t\t \t\t\t Deferred tax assets \t\t\t \t\t\t \t\t\t 44 \t\t\t \t\t\t \t\t\t \t\t\t 31 \t\t\t \t\t \t\t \t\t\t \t\t\t Total assets \t\t\t \t\t\t \t\t\t $ 52,344 \t\t\t \t\t\t \t\t\t \t\t\t $ 52,130 \t\t\t \t\t \t\t \t\t\t \t\t\t Liabilities and Stockholders' Equity \t\t\t \t\t \t\t \t\t\t \t\t\t Current liabilities: \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Accounts payable \t\t\t \t\t\t \t\t\t 3,099 \t\t\t \t\t\t \t\t\t \t\t\t 3,597 \t\t\t \t\t \t\t \t\t\t \t\t\t Accrued expenses \t\t\t \t\t\t \t\t\t 1,302 \t\t\t \t\t\t \t\t\t \t\t\t 1,242 \t\t\t \t\t \t\t \t\t\t \t\t\t Structured payables \t\t\t \t\t\t \t\t\t 91 \t\t\t \t\t\t \t\t\t \t\t\t 117 \t\t\t \t\t \t\t \t\t\t \t\t\t Short-term borrowings and current portion of long-term obligations \t\t\t \t\t\t \t\t\t 2,399 \t\t\t \t\t\t \t\t\t \t\t\t 3,246 \t\t\t \t\t \t\t \t\t\t \t\t\t Other current liabilities \t\t\t \t\t\t \t\t\t 618 \t\t\t \t\t\t \t\t\t \t\t\t 714 \t\t\t \t\t \t\t \t\t\t \t\t\t Total current liabilities \t\t\t \t\t\t \t\t\t 7,509 \t\t\t \t\t\t \t\t\t \t\t\t 8,916 \t\t\t \t\t \t\t \t\t\t \t\t\t Long-term obligations \t\t\t \t\t\t \t\t\t 12,406 \t\t\t \t\t\t \t\t\t \t\t\t 9,945 \t\t\t \t\t \t\t \t\t\t \t\t\t Deferred tax liabilities \t\t\t \t\t\t \t\t\t 5,746 \t\t\t \t\t\t \t\t\t \t\t\t 5,760 \t\t\t \t\t \t\t \t\t\t \t\t\t Other non-current liabilities \t\t\t \t\t\t \t\t\t 1,965 \t\t\t \t\t\t \t\t\t \t\t\t 1,833 \t\t\t \t\t \t\t \t\t\t \t\t\t Total liabilities \t\t\t \t\t\t \t\t\t 27,626 \t\t\t \t\t\t \t\t\t \t\t\t 26,454 \t\t\t \t\t \t\t \t\t\t \t\t\t Commitments and contingencies \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Stockholders' equity: \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares \t\t\t issued \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Common stock, $0.01 par value, 2,000,000,000 shares authorized, \t\t\t 1,355,763,506 and 1,390,446,043 shares issued and outstanding as of June \t\t\t 30, 2024 and December 31, 2023, respectively \t\t\t \t\t\t \t\t\t 14 \t\t\t \t\t\t \t\t\t \t\t\t 14 \t\t\t \t\t \t\t \t\t\t \t\t\t Additional paid-in capital \t\t\t \t\t\t \t\t\t 19,683 \t\t\t \t\t\t \t\t\t \t\t\t 20,788 \t\t\t \t\t \t\t \t\t\t \t\t\t Retained earnings \t\t\t \t\t\t \t\t\t 4,944 \t\t\t \t\t\t \t\t\t \t\t\t 4,559 \t\t\t \t\t \t\t \t\t\t \t\t\t Accumulated other comprehensive income \t\t\t \t\t\t \t\t\t 77 \t\t\t \t\t\t \t\t\t \t\t\t 315 \t\t\t \t\t \t\t \t\t\t \t\t\t Total stockholders' equity \t\t\t \t\t\t \t\t\t 24,718 \t\t\t \t\t\t \t\t\t \t\t\t 25,676 \t\t\t \t\t \t\t \t\t\t \t\t\t Total liabilities and stockholders' equity \t\t\t \t\t\t \t\t\t $ 52,344 \t\t\t \t\t\t \t\t\t \t\t\t $ 52,130 \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t First Six Months \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t \t\t\t 2024 \t\t\t \t\t\t \t\t\t \t\t\t 2023 \t\t\t \t\t \t\t \t\t\t \t\t\t Operating activities: \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Net income \t\t\t \t\t\t \t\t\t $ 969 \t\t\t \t\t\t \t\t\t \t\t\t $ 970 \t\t\t \t\t \t\t \t\t\t \t\t\t Adjustments to reconcile net income to net cash provided by operating activities: \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Depreciation expense \t\t\t \t\t\t \t\t\t 207 \t\t\t \t\t\t \t\t\t \t\t\t 201 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t 67 \t\t\t \t\t\t \t\t\t \t\t\t 69 \t\t\t \t\t \t\t \t\t\t \t\t\t Other amortization expense \t\t\t \t\t\t \t\t\t 101 \t\t\t \t\t\t \t\t\t \t\t\t 91 \t\t\t \t\t \t\t \t\t\t \t\t\t Provision for sales returns \t\t\t \t\t\t \t\t\t 29 \t\t\t \t\t\t \t\t\t \t\t\t 26 \t\t\t \t\t \t\t \t\t\t \t\t\t Deferred income taxes \t\t\t \t\t\t \t\t\t 17 \t\t\t \t\t\t \t\t\t \t\t\t (26) \t\t\t \t\t \t\t \t\t\t \t\t\t Employee stock-based compensation expense \t\t\t \t\t\t \t\t\t 52 \t\t\t \t\t\t \t\t\t \t\t\t 57 \t\t\t \t\t \t\t \t\t\t \t\t\t Loss (gain) on disposal of property, plant, and equipment \t\t\t \t\t\t \t\t\t 18 \t\t\t \t\t\t \t\t\t \t\t\t (2) \t\t\t \t\t \t\t \t\t\t \t\t\t Unrealized loss (gain) on foreign currency \t\t\t \t\t\t \t\t\t 16 \t\t\t \t\t\t \t\t\t \t\t\t (13) \t\t\t \t\t \t\t \t\t\t \t\t\t Unrealized loss (gain) on derivatives \t\t\t \t\t\t \t\t\t 36 \t\t\t \t\t\t \t\t\t \t\t\t (31) \t\t\t \t\t \t\t \t\t\t \t\t\t Equity in earnings of unconsolidated affiliates \t\t\t \t\t\t \t\t\t (17) \t\t\t \t\t\t \t\t\t \t\t\t (14) \t\t\t \t\t \t\t \t\t\t \t\t\t Earned equity \t\t\t \t\t\t \t\t\t (45) \t\t\t \t\t\t \t\t\t \t\t\t (2) \t\t\t \t\t \t\t \t\t\t \t\t\t Other, net \t\t\t \t\t\t \t\t\t 5 \t\t\t \t\t\t \t\t\t \t\t\t (7) \t\t\t \t\t \t\t \t\t\t \t\t\t Changes in assets and liabilities: \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Trade accounts receivable \t\t\t \t\t\t \t\t\t (67) \t\t\t \t\t\t \t\t\t \t\t\t 162 \t\t\t \t\t \t\t \t\t\t \t\t\t Inventories \t\t\t \t\t\t \t\t\t (119) \t\t\t \t\t\t \t\t\t \t\t\t (61) \t\t\t \t\t \t\t \t\t\t \t\t\t Income taxes receivable and payables, net \t\t\t \t\t\t \t\t\t (34) \t\t\t \t\t\t \t\t\t \t\t\t (70) \t\t\t \t\t \t\t \t\t\t \t\t\t Other current and non-current assets \t\t\t \t\t\t \t\t\t (180) \t\t\t \t\t\t \t\t\t \t\t\t (147) \t\t\t \t\t \t\t \t\t\t \t\t\t Accounts payable and accrued expenses \t\t\t \t\t\t \t\t\t (314) \t\t\t \t\t\t \t\t\t \t\t\t (762) \t\t\t \t\t \t\t \t\t\t \t\t\t Other current and non-current liabilities \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t\t \t\t\t \t\t\t 11 \t\t\t \t\t \t\t \t\t\t \t\t\t Net change in operating assets and liabilities \t\t\t \t\t\t \t\t\t (713) \t\t\t \t\t\t \t\t\t \t\t\t (867) \t\t\t \t\t \t\t \t\t\t \t\t\t Net cash provided by operating activities \t\t\t \t\t\t \t\t\t 742 \t\t\t \t\t\t \t\t\t \t\t\t 452 \t\t\t \t\t \t\t \t\t\t \t\t\t Investing activities: \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Purchases of property, plant, and equipment \t\t\t \t\t\t \t\t\t (273) \t\t\t \t\t\t \t\t\t \t\t\t (149) \t\t\t \t\t \t\t \t\t\t \t\t\t Proceeds from sales of property, plant, and equipment \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t\t \t\t\t \t\t\t 8 \t\t\t \t\t \t\t \t\t\t \t\t\t Purchases of intangibles \t\t\t \t\t\t \t\t\t (49) \t\t\t \t\t\t \t\t\t \t\t\t (55) \t\t\t \t\t \t\t \t\t\t \t\t\t Investments in unconsolidated affiliates \t\t\t \t\t\t \t\t\t (7) \t\t\t \t\t\t \t\t\t \t\t\t (8) \t\t\t \t\t \t\t \t\t\t \t\t\t Other, net \t\t\t \t\t\t \t\t\t (1) \t\t\t \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t \t\t \t\t\t \t\t\t Net cash used in investing activities \t\t\t \t\t\t \t\t\t (329) \t\t\t \t\t\t \t\t\t \t\t\t (203) \t\t\t \t\t \t\t \t\t\t \t\t\t Financing activities: \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Proceeds from issuance of Notes \t\t\t \t\t\t \t\t\t 3,000 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Repayments of Notes \t\t\t \t\t\t \t\t\t (1,150) \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Net (repayment) issuance of commercial paper \t\t\t \t\t\t \t\t\t (226) \t\t\t \t\t\t \t\t\t \t\t\t 589 \t\t\t \t\t \t\t \t\t\t \t\t\t Proceeds from structured payables \t\t\t \t\t\t \t\t\t 31 \t\t\t \t\t\t \t\t\t \t\t\t 61 \t\t\t \t\t \t\t \t\t\t \t\t\t Repayments of structured payables \t\t\t \t\t\t \t\t\t (60) \t\t\t \t\t\t \t\t\t \t\t\t (72) \t\t\t \t\t \t\t \t\t\t \t\t\t Cash dividends paid \t\t\t \t\t\t \t\t\t (591) \t\t\t \t\t\t \t\t\t \t\t\t (563) \t\t\t \t\t \t\t \t\t\t \t\t\t Repurchases of common stock \t\t\t \t\t\t \t\t\t (1,105) \t\t\t \t\t\t \t\t\t \t\t\t (457) \t\t\t \t\t \t\t \t\t\t \t\t\t Tax withholdings related to net share settlements \t\t\t \t\t\t \t\t\t (43) \t\t\t \t\t\t \t\t\t \t\t\t (32) \t\t\t \t\t \t\t \t\t\t \t\t\t Payments on finance leases \t\t\t \t\t\t \t\t\t (56) \t\t\t \t\t\t \t\t\t \t\t\t (49) \t\t\t \t\t \t\t \t\t\t \t\t\t Other, net \t\t\t \t\t\t \t\t\t (22) \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Net cash used in financing activities \t\t\t \t\t\t \t\t\t (222) \t\t\t \t\t\t \t\t\t \t\t\t (523) \t\t\t \t\t \t\t \t\t\t \t\t\t Cash and cash equivalents: \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Net change from operating, investing and financing activities \t\t\t \t\t\t \t\t\t 191 \t\t\t \t\t\t \t\t\t \t\t\t (274) \t\t\t \t\t \t\t \t\t\t \t\t\t Effect of exchange rate changes \t\t\t \t\t\t \t\t\t (20) \t\t\t \t\t\t \t\t\t \t\t\t 17 \t\t\t \t\t \t\t \t\t\t \t\t\t Beginning balance \t\t\t \t\t\t \t\t\t 267 \t\t\t \t\t\t \t\t\t \t\t\t 535 \t\t\t \t\t \t\t \t\t\t \t\t\t Ending balance \t\t\t \t\t\t \t\t\t $ 438 \t\t\t \t\t\t \t\t\t \t\t\t $ 278 \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... Coffee \t\t\t \t\t\t \t\t\t 228 \t\t\t \t\t\t \t\t\t \t\t\t 250 \t\t\t \t\t\t \t\t\t \t\t\t 476 \t\t\t \t\t\t \t\t\t \t\t\t 482 \t\t\t \t\t \t\t \t\t\t \t\t\t International \t\t\t \t\t\t \t\t\t 150 \t\t\t \t\t\t \t\t\t \t\t\t 112 \t\t\t \t\t\t \t\t\t \t\t\t 262 \t\t\t \t\t\t \t\t\t \t\t\t 192 \t\t\t \t\t \t\t \t\t\t \t\t\t Unallocated corporate costs \t\t\t \t\t\t \t\t\t (234) \t\t\t \t\t\t \t\t\t \t\t\t (222) \t\t\t \t\t\t \t\t\t \t\t\t (444) \t\t\t \t\t\t \t\t\t \t\t\t (440) \t\t\t \t\t \t\t \t\t\t \t\t\t Total income from operations \t\t\t \t\t\t \t\t\t $ 861 \t\t\t \t\t\t \t\t\t \t\t\t $ 769 \t\t\t \t\t\t \t\t\t \t\t\t $ 1,626 \t\t\t \t\t\t \t\t\t \t\t\t $ 1,353 \t\t\t \t\t \t Keurig DR PEPPER INC ... \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\tCoffee \t\t\t \t\t\t \t\t\t \t\t\t International \t\t\t \t\t\t \t\t\t \t\t\t Unallocated \t\t\tcorporate costs \t\t\t \t\t\t \t\t\t \t\t\t Total \t\t\t \t\t \t\t \t\t\t \t\t\t For the Second Quarter of 2024 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Reported - Income from Operations \t\t\t \t\t\t \t\t\t $ 717 \t\t\t \t\t\t \t\t\t \t\t\t $ 228 \t\t\t \t\t\t \t\t\t \t\t\t $ 150 \t\t\t \t\t\t \t\t\t \t\t\t $ (234) \t\t\t \t\t\t \t\t\t \t\t\t $ 861 \t\t\t \t\t \t\t \t\t\t \t\t\t Items Affecting Comparability: \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t (1) \t\t\t \t\t\t \t\t\t \t\t\t (4) \t\t\t \t\t\t \t\t\t \t\t\t (5) \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t 5 \t\t\t \t\t\t \t\t\t \t\t\t 26 \t\t\t \t\t\t \t\t\t \t\t\t 3 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 34 \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 3 \t\t\t \t\t\t \t\t\t \t\t\t 3 \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring - 2023 CEO Succession and Associated Realignment \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 11 \t\t\t \t\t\t \t\t\t \t\t\t 11 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t\t \t\t\t \t\t\t 20 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 24 \t\t\t \t\t\t \t\t\t \t\t\t 45 \t\t\t \t\t \t\t \t\t\t \t\t\t Non-routine legal matters \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t \t\t \t\t\t \t\t\t Transaction costs \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring - 2024 Network Optimization \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 19 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 19 \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted - Income from Operations \t\t\t \t\t\t \t\t\t $ 723 \t\t\t \t\t\t \t\t\t \t\t\t $ 293 \t\t\t \t\t\t \t\t\t \t\t\t $ 152 \t\t\t \t\t\t \t\t\t \t\t\t $ (198) \t\t\t \t\t\t \t\t\t \t\t\t $ 970 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Change - adjusted \t\t\t \t\t\t \t\t\t 11.9 % \t\t\t \t\t\t \t\t\t \t\t\t 0.3 % \t\t\t \t\t\t \t\t\t \t\t\t 31.0 % \t\t\t \t\t\t \t\t\t \t\t\t 9.4 % \t\t\t \t\t\t \t\t\t \t\t\t 11.1 % \t\t\t \t\t \t\t \t\t\t \t\t\t Impact of foreign currency \t\t\t \t\t\t \t\t\t — % \t\t\t \t\t\t \t\t\t \t\t\t — % \t\t\t \t\t\t \t\t\t \t\t\t (0.8) % \t\t\t \t\t\t \t\t\t \t\t\t — % \t\t\t \t\t\t \t\t\t \t\t\t (0.1) % \t\t\t \t\t \t\t \t\t\t \t\t\t Change - constant currency adjusted \t\t\t \t\t\t \t\t\t 11.9 % \t\t\t \t\t\t \t\t\t \t\t\t 0.3 % \t\t\t \t\t\t \t\t\t \t\t\t 30.2 % \t\t\t \t\t\t \t\t\t \t\t\t 9.4 % \t\t\t \t\t\t \t\t\t \t\t\t 11.0 % \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t For the Second Quarter of 2023 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Reported - Income from Operations \t\t\t \t\t\t \t\t\t $ 629 \t\t\t \t\t\t \t\t\t \t\t\t $ 250 \t\t\t \t\t\t \t\t\t \t\t\t $ 112 \t\t\t \t\t\t \t\t\t \t\t\t $ (222) \t\t\t \t\t\t \t\t\t \t\t\t $ 769 \t\t\t \t\t \t\t \t\t\t \t\t\t Items Affecting Comparability: \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t 6 \t\t\t \t\t\t \t\t\t \t\t\t 25 \t\t\t \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 35 \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t 11 \t\t\t \t\t\t \t\t\t \t\t\t 17 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 30 \t\t\t \t\t\t \t\t\t \t\t\t 58 \t\t\t \t\t \t\t \t\t\t \t\t\t Non-routine legal matters \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 3 \t\t\t \t\t\t \t\t\t \t\t\t 3 \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted - Income from Operations \t\t\t \t\t\t \t\t\t $ 646 \t\t\t \t\t\t \t\t\t \t\t\t $ 292 \t\t\t \t\t\t \t\t\t \t\t\t $ 116 \t\t\t \t\t\t \t\t\t \t\t\t $ (181) \t\t\t \t\t\t \t\t\t \t\t\t $ 873 \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... Coffee \t\t\t \t\t\t \t\t\t \t\t\t 25.8 \t\t\t \t\t\t \t\t\t \t\t\t 4.3 \t\t\t \t\t\t \t\t\t \t\t\t 30.1 \t\t\t \t\t \t\t \t\t\t \t\t\t International \t\t\t \t\t\t \t\t\t \t\t\t 22.9 \t\t\t \t\t\t \t\t\t \t\t\t 0.8 \t\t\t \t\t\t \t\t\t \t\t\t 23.7 \t\t\t \t\t \t\t \t\t\t \t\t\t Total operating margin \t\t\t \t\t\t \t\t\t \t\t\t 20.3 \t\t\t \t\t\t \t\t\t \t\t\t 2.7 \t\t\t \t\t\t \t\t\t \t\t\t 23.0 \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... Coffee \t\t\t \t\t\t \t\t\t \t\t\t International \t\t\t \t\t\t \t\t\t \t\t\t Unallocated \t\t\tcorporate costs \t\t\t \t\t\t \t\t\t \t\t\t Total \t\t\t \t\t \t\t \t\t\t \t\t\t For the First Six Months of 2024 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Reported - Income from Operations \t\t\t \t\t\t \t\t\t $ 1,332 \t\t\t \t\t\t \t\t\t \t\t\t $ 476 \t\t\t \t\t\t \t\t\t \t\t\t $ 262 \t\t\t \t\t\t \t\t\t \t\t\t $ (444) \t\t\t \t\t\t \t\t\t \t\t\t $ 1,626 \t\t\t \t\t \t\t \t\t\t \t\t\t Items Affecting Comparability: \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t (7) \t\t\t \t\t\t \t\t\t \t\t\t (17) \t\t\t \t\t\t \t\t\t \t\t\t (24) \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t 10 \t\t\t \t\t\t \t\t\t \t\t\t 51 \t\t\t \t\t\t \t\t\t \t\t\t 6 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 67 \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 7 \t\t\t \t\t\t \t\t\t \t\t\t 7 \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring - 2023 CEO Succession and Associated Realignment \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 13 \t\t\t \t\t\t \t\t\t \t\t\t 13 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t 3 \t\t\t \t\t\t \t\t\t \t\t\t 34 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 44 \t\t\t \t\t\t \t\t\t \t\t\t 81 \t\t\t \t\t \t\t \t\t\t \t\t\t Non-routine legal matters \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t \t\t \t\t\t \t\t\t Transaction costs \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring - 2024 Network Optimization \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 21 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 21 \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted - Income from Operations \t\t\t \t\t\t \t\t\t $ 1,345 \t\t\t \t\t\t \t\t\t \t\t\t $ 582 \t\t\t \t\t\t \t\t\t \t\t\t $ 261 \t\t\t \t\t\t \t\t\t \t\t\t $ (393) \t\t\t \t\t\t \t\t\t \t\t\t $ 1,795 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Change - adjusted \t\t\t \t\t\t \t\t\t 16.6 % \t\t\t \t\t\t \t\t\t \t\t\t 0.9 % \t\t\t \t\t\t \t\t\t \t\t\t 30.5 % \t\t\t \t\t\t \t\t\t \t\t\t 9.5 % \t\t\t \t\t\t \t\t\t \t\t\t 14.2 % \t\t\t \t\t \t\t \t\t\t \t\t\t Impact of foreign currency \t\t\t \t\t\t \t\t\t — % \t\t\t \t\t\t \t\t\t \t\t\t — % \t\t\t \t\t\t \t\t\t \t\t\t (2.5) % \t\t\t \t\t\t \t\t\t \t\t\t — % \t\t\t \t\t\t \t\t\t \t\t\t (0.3) % \t\t\t \t\t \t\t \t\t\t \t\t\t Change - constant currency adjusted \t\t\t \t\t\t \t\t\t 16.6 % \t\t\t \t\t\t \t\t\t \t\t\t 0.9 % \t\t\t \t\t\t \t\t\t \t\t\t 28.0 % \t\t\t \t\t\t \t\t\t \t\t\t 9.5 % \t\t\t \t\t\t \t\t\t \t\t\t 13.9 % \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t For the First Six Months of 2023 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Reported - Income from Operations \t\t\t \t\t\t \t\t\t $ 1,119 \t\t\t \t\t\t \t\t\t \t\t\t $ 482 \t\t\t \t\t\t \t\t\t \t\t\t $ 192 \t\t\t \t\t\t \t\t\t \t\t\t $ (440) \t\t\t \t\t\t \t\t\t \t\t\t $ 1,353 \t\t\t \t\t \t\t \t\t\t \t\t\t Items Affecting Comparability: \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t 10 \t\t\t \t\t\t \t\t\t \t\t\t 51 \t\t\t \t\t\t \t\t\t \t\t\t 8 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 69 \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 9 \t\t\t \t\t\t \t\t\t \t\t\t 9 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t 25 \t\t\t \t\t\t \t\t\t \t\t\t 44 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 67 \t\t\t \t\t\t \t\t\t \t\t\t 136 \t\t\t \t\t \t\t \t\t\t \t\t\t Non-routine legal matters \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 3 \t\t\t \t\t\t \t\t\t \t\t\t 3 \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted - Income from Operations \t\t\t \t\t\t \t\t\t $ 1,154 \t\t\t \t\t\t \t\t\t \t\t\t $ 577 \t\t\t \t\t\t \t\t\t \t\t\t $ 200 \t\t\t \t\t\t \t\t\t \t\t\t $ (359) \t\t\t \t\t\t \t\t\t \t\t\t $ 1,572 \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... Coffee \t\t\t \t\t\t \t\t\t \t\t\t 25.4 \t\t\t \t\t\t \t\t\t \t\t\t 5.0 \t\t\t \t\t\t \t\t\t \t\t\t 30.4 \t\t\t \t\t \t\t \t\t\t \t\t\t International \t\t\t \t\t\t \t\t\t \t\t\t 21.2 \t\t\t \t\t\t \t\t\t \t\t\t 0.9 \t\t\t \t\t\t \t\t\t \t\t\t 22.1 \t\t\t \t\t \t\t \t\t\t \t\t\t Total operating margin \t\t\t \t\t\t \t\t\t \t\t\t 18.9 \t\t\t \t\t\t \t\t\t \t\t\t 3.1 \t\t\t \t\t\t \t\t\t \t\t\t 22.0 \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\tRECONCILIATION OF ADJUSTED EBITDA AND MANAGEMENT LEVERAGE RATIO \t\t\t(UNAUDITED) \t\t\t \t\t \t\t \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions, except for ratio) \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t ADJUSTED EBITDA RECONCILIATION - LAST TWELVE MONTHS \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Net income \t\t\t \t\t\t \t\t\t $ 2,180 \t\t\t \t\t \t\t \t\t\t \t\t\t Interest expense, net \t\t\t \t\t\t \t\t\t 683 \t\t\t \t\t \t\t \t\t\t \t\t\t Provision for income taxes \t\t\t \t\t\t \t\t\t 649 \t\t\t \t\t \t\t \t\t\t \t\t\t Depreciation expense \t\t\t \t\t\t \t\t\t 408 \t\t\t \t\t \t\t \t\t\t \t\t\t Other amortization \t\t\t \t\t\t \t\t\t 191 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t 135 \t\t\t \t\t \t\t \t\t\t \t\t\t EBITDA \t\t\t \t\t\t \t\t\t $ 4,246 \t\t\t \t\t \t\t \t\t\t \t\t\t Items affecting comparability: \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Impairment of intangible assets \t\t\t \t\t\t \t\t\t $ 2 \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring - 2023 CEO Succession and Associated Realignment \t\t\t \t\t\t \t\t\t 48 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t 172 \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring - 2024 Network Optimization \t\t\t \t\t\t \t\t\t 21 \t\t\t \t\t \t\t \t\t\t \t\t\t Non-routine legal matters \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t 15 \t\t\t \t\t \t\t \t\t\t \t\t\t Transaction costs \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t (19) \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted EBITDA \t\t\t \t\t\t \t\t\t $ 4,493 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t June 30, \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t 2024 \t\t\t \t\t \t\t \t\t\t \t\t\t Principal amounts of: \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Commercial paper notes \t\t\t \t\t\t \t\t\t $ 1,870 \t\t\t \t\t \t\t \t\t\t \t\t\t Senior unsecured notes \t\t\t \t\t\t \t\t\t 13,093 \t\t\t \t\t \t\t \t\t\t \t\t\t Total principal amounts \t\t\t \t\t\t \t\t\t 14,963 \t\t\t \t\t \t\t \t\t\t \t\t\t Less: Cash and cash equivalents \t\t\t \t\t\t \t\t\t 438 \t\t\t \t\t \t\t \t\t\t \t\t\t Total principal amounts less cash and cash equivalents \t\t\t \t\t\t \t\t\t $ 14,525 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t June 30, 2024 Management Leverage Ratio \t\t\t \t\t\t \t\t\t 3.2 \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\tRECONCILIATION OF ADJUSTED EBITDA - LAST TWELVE MONTHS \t\t\t(UNAUDITED) \t\t\t \t\t \t\t \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t \t\t\t THIRD \t\t\tQUARTER OF \t\t\t2023 \t\t\t \t\t\t \t\t\t \t\t\t FOURTH \t\t\tQUARTER OF \t\t\t2023 \t\t\t \t\t\t \t\t\t \t\t\t FIRST SIX \t\t\tMONTHS OF \t\t\t2024 \t\t\t \t\t\t \t\t\t \t\t\t LAST TWELVE \t\t\tMONTHS \t\t\t \t\t \t\t \t\t\t \t\t\t Net income \t\t\t \t\t\t \t\t\t $ 518 \t\t\t \t\t\t \t\t\t \t\t\t $ 693 \t\t\t \t\t\t \t\t\t \t\t\t $ 969 \t\t\t \t\t\t \t\t\t \t\t\t $ 2,180 \t\t\t \t\t \t\t \t\t\t \t\t\t Interest expense, net \t\t\t \t\t\t \t\t\t 237 \t\t\t \t\t\t \t\t\t \t\t\t 64 \t\t\t \t\t\t \t\t\t \t\t\t 382 \t\t\t \t\t\t \t\t\t \t\t\t 683 \t\t\t \t\t \t\t \t\t\t \t\t\t Provision for income taxes \t\t\t \t\t\t \t\t\t 146 \t\t\t \t\t\t \t\t\t \t\t\t 206 \t\t\t \t\t\t \t\t\t \t\t\t 297 \t\t\t \t\t\t \t\t\t \t\t\t 649 \t\t\t \t\t \t\t \t\t\t \t\t\t Depreciation expense \t\t\t \t\t\t \t\t\t 98 \t\t\t \t\t\t \t\t\t \t\t\t 103 \t\t\t \t\t\t \t\t\t \t\t\t 207 \t\t\t \t\t\t \t\t\t \t\t\t 408 \t\t\t \t\t \t\t \t\t\t \t\t\t Other amortization \t\t\t \t\t\t \t\t\t 45 \t\t\t \t\t\t \t\t\t \t\t\t 45 \t\t\t \t\t\t \t\t\t \t\t\t 101 \t\t\t \t\t\t \t\t\t \t\t\t 191 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t 34 \t\t\t \t\t\t \t\t\t \t\t\t 34 \t\t\t \t\t\t \t\t\t \t\t\t 67 \t\t\t \t\t\t \t\t\t \t\t\t 135 \t\t\t \t\t \t\t \t\t\t \t\t\t EBITDA \t\t\t \t\t\t \t\t\t $ 1,078 \t\t\t \t\t\t \t\t\t \t\t\t $ 1,145 \t\t\t \t\t\t \t\t\t \t\t\t $ 2,023 \t\t\t \t\t\t \t\t\t \t\t\t $ 4,246 \t\t\t \t\t \t\t \t\t\t \t\t\t Items affecting comparability: \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Impairment of intangible assets \t\t\t \t\t\t \t\t\t $ 2 \t\t\t \t\t\t \t\t\t \t\t\t $ — \t\t\t \t\t\t \t\t\t \t\t\t $ — \t\t\t \t\t\t \t\t\t \t\t\t $ 2 \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring - 2023 CEO Succession and Associated Realignment \t\t\t \t\t\t \t\t\t 27 \t\t\t \t\t\t \t\t\t \t\t\t 8 \t\t\t \t\t\t \t\t\t \t\t\t 13 \t\t\t \t\t\t \t\t\t \t\t\t 48 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t 41 \t\t\t \t\t\t \t\t\t \t\t\t 66 \t\t\t \t\t\t \t\t\t \t\t\t 65 \t\t\t \t\t\t \t\t\t \t\t\t 172 \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring - 2024 Network Optimization \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 21 \t\t\t \t\t\t \t\t\t \t\t\t 21 \t\t\t \t\t \t\t \t\t\t \t\t\t Nonroutine legal matters \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t\t \t\t\t \t\t\t 7 \t\t\t \t\t\t \t\t\t \t\t\t 15 \t\t\t \t\t \t\t \t\t\t \t\t\t Transaction costs \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t (32) \t\t\t \t\t\t \t\t\t \t\t\t 40 \t\t\t \t\t\t \t\t\t \t\t\t (27) \t\t\t \t\t\t \t\t\t \t\t\t (19) \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted EBITDA \t\t\t \t\t\t \t\t\t $ 1,123 \t\t\t \t\t\t \t\t\t \t\t\t $ 1,264 \t\t\t \t\t\t \t\t\t \t\t\t $ 2,106 \t\t\t \t\t\t \t\t\t \t\t\t $ 4,493 \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t \t\t \t\t \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t \t\t\t First Six Months \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t \t\t\t \t\t\t 2024 \t\t\t \t\t\t \t\t\t \t\t\t 2023 \t\t\t \t\t \t\t \t\t\t \t\t\t Net cash provided by operating activities \t\t\t \t\t\t \t\t\t \t\t\t $ 742 \t\t\t \t\t\t \t\t\t \t\t\t $ 452 \t\t\t \t\t \t\t \t\t\t \t\t\t Purchases of property, plant and equipment \t\t\t \t\t\t \t\t\t \t\t\t (273) \t\t\t \t\t\t \t\t\t \t\t\t (149) \t\t\t \t\t \t\t \t\t\t \t\t\t Proceeds from sales of property, plant and equipment \t\t\t \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t\t \t\t\t \t\t\t 8 \t\t\t \t\t \t\t \t\t\t \t\t\t Free Cash Flow \t\t\t \t\t\t \t\t\t \t\t\t $ 470 \t\t\t \t\t\t \t\t\t \t\t\t $ 311 \t\t\t \t\t \t SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper to Participate in Barclays Global Consumer Staples Conference
Keurig Dr Pepper to Participate in Barclays Global Consumer Staples Conference ... 21, 2024 /PRNewswire/ -- Keurig Dr Pepper Inc ... Access to a live webcast of the event will be available on the Company's corporate website, www.Keurigdrpepper.com ... Investor Contacts: Investor Relations T: 888-340-5287 / IR@kdrp.com Media Contact: Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com ABOUT Keurig DR PEPPER Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Snapple®, Peñafiel®, 7UP®, Green Mountain Coffee Roasters®, Clamato®, Core Hydration® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com and follow us on LinkedIn ... SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper Announces Multi-Year Sponsorship of the Men's and Women's Mexican National Teams in the U.S.
Keurig Dr Pepper Announces Multi-Year Sponsorship of the Men's and Women's Mexican National Teams in the U.S. ... 29, 2024 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) and Soccer United Marketing (SUM) today announced a new multi-year partnership with the Federación Mexicana de Futbol (FMF), making Keurig Dr Pepper an official partner of the U.S ... Five brands from Keurig Dr Pepper's owned and partner brand portfolio that are popular among Hispanic consumers — Peñafiel ® , Clamato ® , Squirt ® , 7UP ® and McCafé at Home — will be the U.S ... "KDP's diverse sparkling water, soft drink, mixer and coffee beverages are perfect partners for the passionate and growing Mexican soccer fanbase in the U.S.," said Andrew Springate , Chief Marketing Officer at Keurig Dr Pepper ... continues to soar, Soccer United Marketing is excited to announce Keurig Dr Pepper as the FMF's newest partner," said Carter Ladd , Soccer United Marketing Chief Revenue Officer ... About Keurig Dr Pepper Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America, with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig ® , Dr Pepper ® , Canada Dry ® , Mott's ® , A&W ® , Snapple ® , Peñafiel ® , 7UP ® , Green Mountain Coffee Roasters ® , Clamato ® , Core Hydration ® and The Original Donut Shop ® ... For more information, visit www.Keurigdrpepper.com and follow us on LinkedIn ... Media Contacts: Keurig Dr Pepper Nora Garrity nora.garrity@kdrp.com Soccer United Marketing Peter O'Brien Peter.OBrien@MLSSoccer.com 1 Study: Equation Research 2 Study: 2024 Custom MNT Fan Segmentation SOURCE Keurig Dr Pepper .
Keurig Dr Pepper to Acquire Disruptive Energy Drink Business GHOST
Keurig Dr Pepper to Acquire Disruptive Energy Drink Business GHOST ... 24, 2024 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) today announced that it has entered into a definitive agreement to acquire GHOST Lifestyle LLC and GHOST Beverages LLC (collectively "GHOST") ... BofA Securities served as financial advisor to Keurig Dr Pepper, with Cleary Gottlieb Steen & Hamilton LLP acting as legal advisor ... Investors: Investor Relations Keurig Dr Pepper T: 888-340-5287 / IR@kdrp.com Keurig Dr Pepper Media: Katie Gilroy Keurig Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com GHOST Media: Carissa Bass Startr Co ... T: 909-263-8083 / jkwasizur@startrco.com About Keurig Dr Pepper Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Snapple®, Peñafiel®, 7UP®, Green Mountain Coffee Roasters®, Clamato®, Core Hydration® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com and follow us on LinkedIn ... SOURCE Keurig Dr Pepper .