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Keurig Dr Pepper Announces Appointment of New Director to its Board
Keurig Dr Pepper Announces Appointment of New Director to its Board ... 17, 2022 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) today announced that Oray Boston , Worldwide President of Trauma, Extremities, Craniomaxillofacial and Animal Health for DePuy Synthes, the Orthopaedics Company of Johnson & Johnson, has been elected as a Director of the KDP Board, effective Nov ... We are pleased to welcome him as our newest Director." ABOUT Keurig DR PEPPER Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... Contacts: Katie Gilroy (Media) T: 781-418-3345/ katie.gilroy@kdrp.com Steve Alexander (Investors) T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela (Investors) T: 646-620-8761 / chethan.mallela@kdrp.com SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper Names New Chief Research & Development Officer
Keurig Dr Pepper Names New Chief Research & Development Officer ... 5, 2022 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) today announced the appointment of Dr ... ABOUT Keurig DR PEPPER Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... Contacts: Media: Katie Gilroy T: 781-418-3345/ katie.gilroy@kdrp.com Investors: Steve Alexander T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela T: 646-620-8761 / chethan.mallela@kdrp.com SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper Reaffirms Guidance for 2022 and Announces a Fireside Chat on December 15, 2022
Keurig Dr Pepper Reaffirms Guidance for 2022 and Announces a Fireside Chat on December 15, 2022 ... 5, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... Access to the live event will be available in the Investors section of KDP's website, www.Keurigdrpepper.com ... Investor Contacts: Steve Alexander T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela T: 646-620-8761 / chethan.mallela@kdrp.com Media Contact: Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper Declares Quarterly Dividend
Keurig Dr Pepper Declares Quarterly Dividend ... 6, 2022 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.20 per share, payable in U.S ... KDP Contacts Steve Alexander (Investors) T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela T: 646-620-8761 / chethan.mallela@kdrp.com Katie Gilroy (Media) T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper and Nutrabolt Announce Strategic Partnership Including a Long-Term Sales and Distribution Agreement and Equity Investment by KDP
Keurig Dr Pepper and Nutrabolt Announce Strategic Partnership Including a Long-Term Sales and Distribution Agreement and Equity Investment by KDP ... 8, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... KDP Contacts Steve Alexander (Investors) T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela (Investors) T: 646-620-8761 / chethan.mallela@kdrp.com Katie Gilroy (Media) T: 781-418-3345 / katie.gilroy@kdrp.com Nutrabolt Contacts Brittany Cullison bcullison@nutrabolt.com About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.; Nutrabolt .
Root Capital and Keurig Dr Pepper Announce the Indonesia Resilient Coffee Initiative with USAID
Root Capital and Keurig Dr Pepper Announce the Indonesia Resilient Coffee Initiative with USAID ... 19, 2022 /PRNewswire/ -- Root Capital and Keurig Dr Pepper today announced the launch of the Indonesia Coffee Enterprise Resilience Initiative (Resilient Coffee), a collaboration with the U.S ... USAID's collaboration with Root Capital and Keurig Dr Pepper will expand public-private capacity and commitment to strengthening and increasing inclusive economic growth, as well as prioritizing investment in women's economic empowerment and building resilience against climate change." Throughout the three-year project, businesses will build their holistic resilience through financing and training from Root Capital ... Capitalizing on Keurig Dr Pepper's private sector leadership, USAID Indonesia's local expertise, and Root Capital's proven work with coffee enterprises, Resilient Coffee will build smallholder resilience by: Expanding access to finance for enterprises that otherwise cannot acquire lines of credit or business education opportunities; Strengthening gender equity by equipping women with tools for success and working with businesses to expand their gender-inclusive practices; Implementing new digital solutions with coffee enterprises to improve business management and resilience; and Deepening climate action in the coffee industry focused on mitigating climate change, protecting vulnerable ecosystems, and supporting rural communities as they adapt to already-present climate impacts ... "We have worked with Keurig Dr Pepper and USAID on a number of exciting projects in the past, and we are particularly excited for the potential to launch this new project working directly with the USAID Indonesia mission ... The USAID Indonesia team adds even more local expertise, allowing us to go even further in support of our clients in rural communities." Keurig Dr Pepper's SVP & Chief Sustainably Officer, Monique Oxender , agrees with the approach, further adding, "Keurig Dr Pepper has a deep-rooted commitment to improve livelihoods, safeguard the future of coffee and help coffee growers build resiliency to climate and economic impacts ... It is through the power of collective action and our long-standing USAID and Root Capital partners that we are able to invest in impactful and innovative solutions that help address the challenges facing smallholder coffee growers." For more information, contact: Root Capital, communications@rootcapital.org Laren Marra , Keurig Dr Pepper, Laren.Marra@kdrp.com About Root Capital Root Capital invests in the growth of agricultural enterprises so they can transform rural communities ... About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper to Report Fourth Quarter 2022 Results and Host Conference Call
Keurig Dr Pepper to Report Fourth Quarter 2022 Results and Host Conference Call ... 18, 2023 /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: Steve Alexander Keurig Dr Pepper T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela Keurig Dr Pepper T: 646-620-8761 / chethan.mallela@kdrp.com Media: Katie Gilroy Keurig Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com ABOUT Keurig DR PEPPER Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper Declares Quarterly Dividend
Keurig Dr Pepper Declares Quarterly Dividend ... 7, 2023 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.20 per share, payable in U.S ... KDP Contacts Steve Alexander (Investors) T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela T: 646-620-8761 / chethan.mallela@kdrp.com Katie Gilroy (Media) T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper Reports 2022 Results and Provides Outlook for 2023
Keurig Dr Pepper Reports 2022 Results and Provides Outlook for 2023 ... 23, 2023 /PRNewswire/ -- Keurig Dr Pepper Inc ... \t Expanded the Keurig brewing system to 38 million U.S ... _________________________ \t \t\t \t\t\t \t\t\t 2 Retail consumption data based on Keurig Dr Pepper's custom IRi category definitions for the 52-week period ending 12/25/2022 ... households to the Keurig system in 2022, in line with its long-term annual target, reflecting successful innovation including new connected brewer models ... _________________________ \t \t\t \t\t\t \t\t\t 4 Retail consumption data based on Keurig Dr Pepper's custom IRi category definitions for the 13-week period ending 12/25/2022 ... Investor Contacts: Steve Alexander T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela T: 646-620-8761 / chethan.mallela@kdrp.com Media Contact: Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue of more than $14 billion and approximately 28,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Canada Dry®, Clamato®, CORE®, Green Mountain Coffee Roasters®, Mott's®, Snapple®, and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... \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 CONSOLIDATED STATEMENTS OF INCOME \t\t\t \t\t \t\t \t\t\t \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 Fourth Quarter \t\t\t \t\t\t \t\t\t \t\t\t Year Ended December 31, \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 2022 \t\t\t \t\t\t \t\t\t \t\t\t 2021 \t\t\t \t\t\t \t\t\t \t\t\t 2022 \t\t\t \t\t\t \t\t\t \t\t\t 2021 \t\t\t \t\t \t\t \t\t\t \t\t\t Net sales \t\t\t \t\t\t \t\t\t $ 3,803 \t\t\t \t\t\t \t\t\t \t\t\t $ 3,391 \t\t\t \t\t\t \t\t\t \t\t\t $ 14,057 \t\t\t \t\t\t \t\t\t \t\t\t $ 12,683 \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 1,807 \t\t\t \t\t\t \t\t\t \t\t\t 1,619 \t\t\t \t\t\t \t\t\t \t\t\t 6,734 \t\t\t \t\t\t \t\t\t \t\t\t 5,706 \t\t\t \t\t \t\t \t\t\t \t\t\t Gross profit \t\t\t \t\t\t \t\t\t 1,996 \t\t\t \t\t\t \t\t\t \t\t\t 1,772 \t\t\t \t\t\t \t\t\t \t\t\t 7,323 \t\t\t \t\t\t \t\t\t \t\t\t 6,977 \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 1,227 \t\t\t \t\t\t \t\t\t \t\t\t 1,113 \t\t\t \t\t\t \t\t\t \t\t\t 4,645 \t\t\t \t\t\t \t\t\t \t\t\t 4,153 \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 166 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 477 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on litigation settlement \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t (299) \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Other operating income, net \t\t\t \t\t\t \t\t\t (70) \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 (105) \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 Income from operations \t\t\t \t\t\t \t\t\t 673 \t\t\t \t\t\t \t\t\t \t\t\t 725 \t\t\t \t\t\t \t\t\t \t\t\t 2,605 \t\t\t \t\t\t \t\t\t \t\t\t 2,894 \t\t\t \t\t \t\t \t\t\t \t\t\t Interest expense \t\t\t \t\t\t \t\t\t 123 \t\t\t \t\t\t \t\t\t \t\t\t 119 \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 500 \t\t\t \t\t \t\t \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 217 \t\t\t \t\t\t \t\t\t \t\t\t 105 \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on sale of equity method investment \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t (524) \t\t\t \t\t\t \t\t\t \t\t\t (50) \t\t\t \t\t\t \t\t\t \t\t\t (524) \t\t\t \t\t \t\t \t\t\t \t\t\t Impairment of investments and note receivable \t\t\t \t\t\t \t\t\t — \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 12 \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 Other expense (income), net \t\t\t \t\t\t \t\t\t (8) \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 14 \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 Income before provision for income taxes \t\t\t \t\t\t \t\t\t 558 \t\t\t \t\t\t \t\t\t \t\t\t 1,109 \t\t\t \t\t\t \t\t\t \t\t\t 1,719 \t\t\t \t\t\t \t\t\t \t\t\t 2,798 \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 105 \t\t\t \t\t\t \t\t\t \t\t\t 266 \t\t\t \t\t\t \t\t\t \t\t\t 284 \t\t\t \t\t\t \t\t\t \t\t\t 653 \t\t\t \t\t \t\t \t\t\t \t\t\t Net income including non-controlling interest \t\t\t \t\t\t \t\t\t 453 \t\t\t \t\t\t \t\t\t \t\t\t 843 \t\t\t \t\t\t \t\t\t \t\t\t 1,435 \t\t\t \t\t\t \t\t\t \t\t\t 2,145 \t\t\t \t\t \t\t \t\t\t \t\t\t Less: Net loss attributable to non-controlling interest \t\t\t \t\t\t \t\t\t — \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 Net income attributable to KDP \t\t\t \t\t\t \t\t\t $ 453 \t\t\t \t\t\t \t\t\t \t\t\t $ 843 \t\t\t \t\t\t \t\t\t \t\t\t $ 1,436 \t\t\t \t\t\t \t\t\t \t\t\t $ 2,146 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t \t\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 $ 0.32 \t\t\t \t\t\t \t\t\t \t\t\t $ 0.59 \t\t\t \t\t\t \t\t\t \t\t\t $ 1.01 \t\t\t \t\t\t \t\t\t \t\t\t $ 1.52 \t\t\t \t\t \t\t \t\t\t \t\t\t Diluted \t\t\t \t\t\t \t\t\t 0.32 \t\t\t \t\t\t \t\t\t \t\t\t 0.59 \t\t\t \t\t\t \t\t\t \t\t\t 1.01 \t\t\t \t\t\t \t\t\t \t\t\t 1.50 \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 1,415.5 \t\t\t \t\t\t \t\t\t \t\t\t 1,418.0 \t\t\t \t\t\t \t\t\t \t\t\t 1,416.8 \t\t\t \t\t\t \t\t\t \t\t\t 1,415.7 \t\t\t \t\t \t\t \t\t\t \t\t\t Diluted \t\t\t \t\t\t \t\t\t 1,427.5 \t\t\t \t\t\t \t\t\t \t\t\t 1,429.0 \t\t\t \t\t\t \t\t\t \t\t\t 1,428.5 \t\t\t \t\t\t \t\t\t \t\t\t 1,427.9 \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 CONDENSED CONSOLIDATED BALANCE SHEETS \t\t\t \t\t \t\t \t\t\t \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 December 31, \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 2022 \t\t\t \t\t\t \t\t\t \t\t\t 2021 \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 $ 535 \t\t\t \t\t\t \t\t\t \t\t\t $ 567 \t\t\t \t\t \t\t \t\t\t \t\t\t Restricted 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 1 \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 1,484 \t\t\t \t\t\t \t\t\t \t\t\t 1,148 \t\t\t \t\t \t\t \t\t\t \t\t\t Inventories \t\t\t \t\t\t \t\t\t 1,314 \t\t\t \t\t\t \t\t\t \t\t\t 894 \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 471 \t\t\t \t\t\t \t\t\t \t\t\t 447 \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 3,804 \t\t\t \t\t\t \t\t\t \t\t\t 3,057 \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 2,491 \t\t\t \t\t\t \t\t\t \t\t\t 2,494 \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 1,000 \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\t Goodwill \t\t\t \t\t\t \t\t\t 20,072 \t\t\t \t\t\t \t\t\t \t\t\t 20,182 \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 23,183 \t\t\t \t\t\t \t\t\t \t\t\t 23,856 \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 1,252 \t\t\t \t\t\t \t\t\t \t\t\t 937 \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 35 \t\t\t \t\t\t \t\t\t \t\t\t 42 \t\t\t \t\t \t\t \t\t\t \t\t\t Total assets \t\t\t \t\t\t \t\t\t $ 51,837 \t\t\t \t\t\t \t\t\t \t\t\t $ 50,598 \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 $ 5,206 \t\t\t \t\t\t \t\t\t \t\t\t $ 4,316 \t\t\t \t\t \t\t \t\t\t \t\t\t Accrued expenses \t\t\t \t\t\t \t\t\t 1,153 \t\t\t \t\t\t \t\t\t \t\t\t 1,110 \t\t\t \t\t \t\t \t\t\t \t\t\t Structured payables \t\t\t \t\t\t \t\t\t 137 \t\t\t \t\t\t \t\t\t \t\t\t 142 \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 895 \t\t\t \t\t\t \t\t\t \t\t\t 304 \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 685 \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\t Total current liabilities \t\t\t \t\t\t \t\t\t 8,076 \t\t\t \t\t\t \t\t\t \t\t\t 6,485 \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 11,072 \t\t\t \t\t\t \t\t\t \t\t\t 11,578 \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 5,739 \t\t\t \t\t\t \t\t\t \t\t\t 5,986 \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 1,825 \t\t\t \t\t\t \t\t\t \t\t\t 1,577 \t\t\t \t\t \t\t \t\t\t \t\t\t Total liabilities \t\t\t \t\t\t \t\t\t 26,712 \t\t\t \t\t\t \t\t\t \t\t\t 25,626 \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 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, 1,408,394,293 and 1,418,119,197 shares issued and outstanding as of December 31, 2022 and 2021, 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 21,444 \t\t\t \t\t\t \t\t\t \t\t\t 21,785 \t\t\t \t\t \t\t \t\t\t \t\t\t Retained earnings \t\t\t \t\t\t \t\t\t 3,539 \t\t\t \t\t\t \t\t\t \t\t\t 3,199 \t\t\t \t\t \t\t \t\t\t \t\t\t Accumulated other comprehensive income (loss) \t\t\t \t\t\t \t\t\t 129 \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 Total stockholders' equity \t\t\t \t\t\t \t\t\t 25,126 \t\t\t \t\t\t \t\t\t \t\t\t 24,972 \t\t\t \t\t \t\t \t\t\t \t\t\t Non-controlling interest \t\t\t \t\t\t \t\t\t (1) \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Total equity \t\t\t \t\t\t \t\t\t 25,125 \t\t\t \t\t\t \t\t\t \t\t\t 24,972 \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 $ 51,837 \t\t\t \t\t\t \t\t\t \t\t\t $ 50,598 \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 CONSOLIDATED STATEMENTS OF CASH FLOWS \t\t\t \t\t \t\t \t\t\t \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 Year Ended December 31, \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t \t\t\t 2022 \t\t\t \t\t\t \t\t\t \t\t\t 2021 \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 attributable to KDP \t\t\t \t\t\t \t\t\t $ 1,436 \t\t\t \t\t\t \t\t\t \t\t\t $ 2,146 \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 399 \t\t\t \t\t\t \t\t\t \t\t\t 410 \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 138 \t\t\t \t\t\t \t\t\t \t\t\t 134 \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 172 \t\t\t \t\t\t \t\t\t \t\t\t 164 \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 61 \t\t\t \t\t\t \t\t\t \t\t\t 63 \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 (289) \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 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 88 \t\t\t \t\t \t\t \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t \t\t\t 217 \t\t\t \t\t\t \t\t\t \t\t\t 105 \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on sale of equity method investment \t\t\t \t\t\t \t\t\t (50) \t\t\t \t\t\t \t\t\t \t\t\t (524) \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on disposal of property, plant and equipment \t\t\t \t\t\t \t\t\t (80) \t\t\t \t\t\t \t\t\t \t\t\t (75) \t\t\t \t\t \t\t \t\t\t \t\t\t Unrealized loss on foreign currency \t\t\t \t\t\t \t\t\t 26 \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 Unrealized loss (gain) on derivatives \t\t\t \t\t\t \t\t\t 383 \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 Settlements of interest rate contracts \t\t\t \t\t\t \t\t\t 125 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Equity in losses of unconsolidated affiliates \t\t\t \t\t\t \t\t\t 5 \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 Impairment of intangible assets \t\t\t \t\t\t \t\t\t 477 \t\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 on investments and note receivable of unconsolidated affiliates \t\t\t \t\t\t \t\t\t 12 \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 Other, net \t\t\t \t\t\t \t\t\t 28 \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 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 (398) \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\t Inventories \t\t\t \t\t\t \t\t\t (426) \t\t\t \t\t\t \t\t\t \t\t\t (133) \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 (105) \t\t\t \t\t\t \t\t\t \t\t\t 114 \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 (456) \t\t\t \t\t\t \t\t\t \t\t\t (243) \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 903 \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 207 \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 Net change in operating assets and liabilities \t\t\t \t\t\t \t\t\t (275) \t\t\t \t\t\t \t\t\t \t\t\t 351 \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 2,837 \t\t\t \t\t\t \t\t\t \t\t\t 2,874 \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 Proceeds from sale of investment in unconsolidated affiliates \t\t\t \t\t\t \t\t\t 50 \t\t\t \t\t\t \t\t\t \t\t\t 578 \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 (353) \t\t\t \t\t\t \t\t\t \t\t\t (423) \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 168 \t\t\t \t\t\t \t\t\t \t\t\t 122 \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 (26) \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 Issuance of related party note receivable \t\t\t \t\t\t \t\t\t (18) \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 Investments in unconsolidated affiliates \t\t\t \t\t\t \t\t\t (962) \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Other, net \t\t\t \t\t\t \t\t\t 6 \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\t Net cash (used in) provided by investing activities \t\t\t \t\t\t \t\t\t (1,135) \t\t\t \t\t\t \t\t\t \t\t\t 210 \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 2,150 \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 (3,365) \t\t\t \t\t\t \t\t\t \t\t\t (3,595) \t\t\t \t\t \t\t \t\t\t \t\t\t Proceeds from issuance of commercial paper \t\t\t \t\t\t \t\t\t 1,198 \t\t\t \t\t\t \t\t\t \t\t\t 5,406 \t\t\t \t\t \t\t \t\t\t \t\t\t Repayments of commercial paper \t\t\t \t\t\t \t\t\t (948) \t\t\t \t\t\t \t\t\t \t\t\t (5,257) \t\t\t \t\t \t\t \t\t\t \t\t\t Repayments of 2019 KDP Term Loan \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t (425) \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 155 \t\t\t \t\t\t \t\t\t \t\t\t 156 \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 (158) \t\t\t \t\t\t \t\t\t \t\t\t (167) \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 (1,080) \t\t\t \t\t\t \t\t\t \t\t\t (955) \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 (379) \t\t\t \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 common stock \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 140 \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 (15) \t\t\t \t\t\t \t\t\t \t\t\t (125) \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 (90) \t\t\t \t\t\t \t\t\t \t\t\t (54) \t\t\t \t\t \t\t \t\t\t \t\t\t Other, net \t\t\t \t\t\t \t\t\t (46) \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 Net cash used in financing activities \t\t\t \t\t\t \t\t\t (1,728) \t\t\t \t\t\t \t\t\t \t\t\t (2,762) \t\t\t \t\t \t\t \t\t\t \t\t\t Cash, cash equivalents, and restricted 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 (26) \t\t\t \t\t\t \t\t\t \t\t\t 322 \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 (7) \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 Beginning balance \t\t\t \t\t\t \t\t\t 568 \t\t\t \t\t\t \t\t\t \t\t\t 255 \t\t\t \t\t \t\t \t\t\t \t\t\t Ending balance \t\t\t \t\t\t \t\t\t $ 535 \t\t\t \t\t\t \t\t\t \t\t\t $ 568 \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 RECONCILIATION OF SEGMENT INFORMATION \t\t\t \t\t \t\t \t\t\t \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 Fourth Quarter \t\t\t \t\t\t \t\t\t \t\t\t Year Ended December 31, \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t \t\t\t 2022 \t\t\t \t\t\t \t\t\t \t\t\t 2021 \t\t\t \t\t\t \t\t\t \t\t\t 2022 \t\t\t \t\t\t \t\t\t \t\t\t 2021 \t\t\t \t\t \t\t \t\t\t \t\t\t Net Sales \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t $ 1,485 \t\t\t \t\t\t \t\t\t \t\t\t $ 1,318 \t\t\t \t\t\t \t\t\t \t\t\t $ 4,982 \t\t\t \t\t\t \t\t\t \t\t\t $ 4,716 \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t 1,682 \t\t\t \t\t\t \t\t\t \t\t\t 1,530 \t\t\t \t\t\t \t\t\t \t\t\t 6,607 \t\t\t \t\t\t \t\t\t \t\t\t 5,882 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t 447 \t\t\t \t\t\t \t\t\t \t\t\t 391 \t\t\t \t\t\t \t\t\t \t\t\t 1,725 \t\t\t \t\t\t \t\t\t \t\t\t 1,486 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t 189 \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 743 \t\t\t \t\t\t \t\t\t \t\t\t 599 \t\t\t \t\t \t\t \t\t\t \t\t\t Total net sales \t\t\t \t\t\t \t\t\t $ 3,803 \t\t\t \t\t\t \t\t\t \t\t\t $ 3,391 \t\t\t \t\t\t \t\t\t \t\t\t $ 14,057 \t\t\t \t\t\t \t\t\t \t\t\t $ 12,683 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \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 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t $ 438 \t\t\t \t\t\t \t\t\t \t\t\t $ 358 \t\t\t \t\t\t \t\t\t \t\t\t $ 1,316 \t\t\t \t\t\t \t\t\t \t\t\t $ 1,446 \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t 286 \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 1,014 \t\t\t \t\t\t \t\t\t \t\t\t 1,023 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t 146 \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 1,061 \t\t\t \t\t\t \t\t\t \t\t\t 1,047 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t 44 \t\t\t \t\t\t \t\t\t \t\t\t 38 \t\t\t \t\t\t \t\t\t \t\t\t 158 \t\t\t \t\t\t \t\t\t \t\t\t 133 \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 (241) \t\t\t \t\t\t \t\t\t \t\t\t (230) \t\t\t \t\t\t \t\t\t \t\t\t (944) \t\t\t \t\t\t \t\t\t \t\t\t (755) \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 $ 673 \t\t\t \t\t\t \t\t\t \t\t\t $ 725 \t\t\t \t\t\t \t\t\t \t\t\t $ 2,605 \t\t\t \t\t\t \t\t\t \t\t\t $ 2,894 \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\t \t\t \t\t \t\t\t \t\t\t RECONCILIATION OF CERTAIN NON-GAAP INFORMATION \t\t\t \t\t \t\t \t\t\t \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\t \t\t\t (in millions) \t\t\t \t\t\t \t\t\t Reported \t\t\t \t\t\t \t\t\t \t\t\t Items Affecting \t\t\tComparability \t\t\t \t\t\t \t\t\t \t\t\t Adjusted \t\t\t \t\t \t\t \t\t\t \t\t\t For the fourth quarter of 2022 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \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 \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t $ 438 \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 $ 483 \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t 286 \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 311 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t 146 \t\t\t \t\t\t \t\t\t \t\t\t 164 \t\t\t \t\t\t \t\t\t \t\t\t 310 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t 44 \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 45 \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 (241) \t\t\t \t\t\t \t\t\t \t\t\t 119 \t\t\t \t\t\t \t\t\t \t\t\t (122) \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 $ 673 \t\t\t \t\t\t \t\t\t \t\t\t $ 354 \t\t\t \t\t\t \t\t\t \t\t\t $ 1,027 \t\t\t \t\t \t\t \t\t\t \t\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 fourth quarter of 2021 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \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 \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t $ 358 \t\t\t \t\t\t \t\t\t \t\t\t $ 52 \t\t\t \t\t\t \t\t\t \t\t\t $ 410 \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t 292 \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 317 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t 267 \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 272 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t 38 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 38 \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 (230) \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 (127) \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 $ 725 \t\t\t \t\t\t \t\t\t \t\t\t $ 185 \t\t\t \t\t\t \t\t\t \t\t\t $ 910 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\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 \t\t\t \t\t\t \t\t\t \t\t\t Impact of Foreign \t\t\tCurrency \t\t\t \t\t\t \t\t\t \t\t\t Constant Currency \t\t\t \t\t \t\t \t\t\t \t\t\t For the fourth quarter of 2022 \t\t\t \t\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 sales \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t 12.7 % \t\t\t \t\t\t \t\t\t \t\t\t 1.1 % \t\t\t \t\t\t \t\t\t \t\t\t 13.8 % \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t 9.9 \t\t\t \t\t\t \t\t\t \t\t\t 0.2 \t\t\t \t\t\t \t\t\t \t\t\t 10.1 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t 14.3 \t\t\t \t\t\t \t\t\t \t\t\t 0.5 \t\t\t \t\t\t \t\t\t \t\t\t 14.8 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t 24.3 \t\t\t \t\t\t \t\t\t \t\t\t (6.5) \t\t\t \t\t\t \t\t\t \t\t\t 17.8 \t\t\t \t\t \t\t \t\t\t \t\t\t Total net sales \t\t\t \t\t\t \t\t\t 12.1 \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 12.4 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t Adjusted \t\t\t \t\t\t \t\t\t \t\t\t Impact of Foreign \t\t\tCurrency \t\t\t \t\t\t \t\t\t \t\t\t Constant Currency \t\t\tAdjusted \t\t\t \t\t \t\t \t\t\t \t\t\t For the fourth quarter of 2022 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \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 \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t 17.8 % \t\t\t \t\t\t \t\t\t \t\t\t 1.0 % \t\t\t \t\t\t \t\t\t \t\t\t 18.8 % \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t (1.9) \t\t\t \t\t\t \t\t\t \t\t\t 0.6 \t\t\t \t\t\t \t\t\t \t\t\t (1.3) \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t 14.0 \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 14.3 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t 18.4 \t\t\t \t\t\t \t\t\t \t\t\t (7.9) \t\t\t \t\t\t \t\t\t \t\t\t 10.5 \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 12.9 \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 13.2 \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t \t\t\t \t\t\t Reported \t\t\t \t\t\t \t\t\t \t\t\t Items Affecting \t\t\tComparability \t\t\t \t\t\t \t\t\t \t\t\t Adjusted \t\t\t \t\t\t \t\t\t \t\t\t Impact of \t\t\tForeign \t\t\tCurrency \t\t\t \t\t\t \t\t\t \t\t\t Constant \t\t\tCurrency \t\t\tAdjusted \t\t\t \t\t \t\t \t\t\t \t\t\t For the fourth quarter of 2022 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Operating margin \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t \t\t\t 29.5 % \t\t\t \t\t\t \t\t\t \t\t\t 3.0 % \t\t\t \t\t\t \t\t\t \t\t\t 32.5 % \t\t\t \t\t\t \t\t\t \t\t\t — % \t\t\t \t\t\t \t\t\t \t\t\t 32.5 % \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t \t\t\t 17.0 \t\t\t \t\t\t \t\t\t \t\t\t 1.5 \t\t\t \t\t\t \t\t\t \t\t\t 18.5 \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 18.6 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t \t\t\t 32.7 \t\t\t \t\t\t \t\t\t \t\t\t 36.7 \t\t\t \t\t\t \t\t\t \t\t\t 69.4 \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 69.3 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t \t\t\t 23.3 \t\t\t \t\t\t \t\t\t \t\t\t 0.5 \t\t\t \t\t\t \t\t\t \t\t\t 23.8 \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 23.5 \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 17.7 \t\t\t \t\t\t \t\t\t \t\t\t 9.3 \t\t\t \t\t\t \t\t\t \t\t\t 27.0 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 27.0 \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 RECONCILIATION OF CERTAIN FINANCIAL MEASURES BY SEGMENT TO CONSTANT CURRENCY \t\t\t \t\t \t\t \t\t\t \t\t\t ADJUSTED FINANCIAL MEASURES BY SEGMENT \t\t\t \t\t \t\t \t\t\t \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 Reported \t\t\t \t\t\t \t\t\t \t\t\t Items Affecting \t\t\tComparability \t\t\t \t\t\t \t\t\t \t\t\t Adjusted \t\t\t \t\t \t\t \t\t\t \t\t\t For the year ended December 31, 2022 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \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 \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t $ 1,316 \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 $ 1,514 \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t 1,014 \t\t\t \t\t\t \t\t\t \t\t\t 119 \t\t\t \t\t\t \t\t\t \t\t\t 1,133 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t 1,061 \t\t\t \t\t\t \t\t\t \t\t\t 173 \t\t\t \t\t\t \t\t\t \t\t\t 1,234 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t 158 \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 162 \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 (944) \t\t\t \t\t\t \t\t\t \t\t\t 439 \t\t\t \t\t\t \t\t\t \t\t\t (505) \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 $ 2,605 \t\t\t \t\t\t \t\t\t \t\t\t $ 933 \t\t\t \t\t\t \t\t\t \t\t\t $ 3,538 \t\t\t \t\t \t\t \t\t\t \t\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 year ended December 31, 2021 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \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 \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t $ 1,446 \t\t\t \t\t\t \t\t\t \t\t\t $ 197 \t\t\t \t\t\t \t\t\t \t\t\t $ 1,643 \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t 1,023 \t\t\t \t\t\t \t\t\t \t\t\t 99 \t\t\t \t\t\t \t\t\t \t\t\t 1,122 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t 1,047 \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 1,058 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t 133 \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 135 \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 (755) \t\t\t \t\t\t \t\t\t \t\t\t 218 \t\t\t \t\t\t \t\t\t \t\t\t (537) \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 $ 2,894 \t\t\t \t\t\t \t\t\t \t\t\t $ 527 \t\t\t \t\t\t \t\t\t \t\t\t $ 3,421 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\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 \t\t\t \t\t\t \t\t\t \t\t\t Impact of Foreign \t\t\tCurrency \t\t\t \t\t\t \t\t\t \t\t\t Constant Currency \t\t\t \t\t \t\t \t\t\t \t\t\t For the year ended December 31, 2022 \t\t\t \t\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 sales \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t 5.6 % \t\t\t \t\t\t \t\t\t \t\t\t 0.6 % \t\t\t \t\t\t \t\t\t \t\t\t 6.2 % \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t 12.3 \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 12.4 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t 16.1 \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 16.4 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t 24.0 \t\t\t \t\t\t \t\t\t \t\t\t (1.0) \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 Total net sales \t\t\t \t\t\t \t\t\t 10.8 \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 11.1 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t Adjusted \t\t\t \t\t\t \t\t\t \t\t\t Impact of Foreign \t\t\tCurrency \t\t\t \t\t\t \t\t\t \t\t\t Constant Currency \t\t\tAdjusted \t\t\t \t\t \t\t \t\t\t \t\t\t For the year ended December 31, 2022 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \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 \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t (7.9) % \t\t\t \t\t\t \t\t\t \t\t\t 0.4 % \t\t\t \t\t\t \t\t\t \t\t\t (7.5) % \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t 1.0 \t\t\t \t\t\t \t\t\t \t\t\t 0.2 \t\t\t \t\t\t \t\t\t \t\t\t 1.2 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t 16.6 \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 16.9 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t 20.0 \t\t\t \t\t\t \t\t\t \t\t\t (1.5) \t\t\t \t\t\t \t\t\t \t\t\t 18.5 \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 3.4 \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 3.7 \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t \t\t\t \t\t\t Reported \t\t\t \t\t\t \t\t\t \t\t\t Items \t\t\tAffecting \t\t\tComparability \t\t\t \t\t\t \t\t\t \t\t\t Adjusted \t\t\t \t\t\t \t\t\t \t\t\t Impact of \t\t\tForeign \t\t\tCurrency \t\t\t \t\t\t \t\t\t \t\t\t Constant \t\t\tCurrency \t\t\tAdjusted \t\t\t \t\t \t\t \t\t\t \t\t\t For the year ended December 31, 2022 \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Operating margin \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t \t\t\t 26.4 % \t\t\t \t\t\t \t\t\t \t\t\t 4.0 % \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 (0.1) % \t\t\t \t\t\t \t\t\t \t\t\t 30.3 % \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t \t\t\t 15.3 \t\t\t \t\t\t \t\t\t \t\t\t 1.8 \t\t\t \t\t\t \t\t\t \t\t\t 17.1 \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 17.2 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t \t\t\t 61.5 \t\t\t \t\t\t \t\t\t \t\t\t 10.0 \t\t\t \t\t\t \t\t\t \t\t\t 71.5 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 71.5 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t \t\t\t 21.3 \t\t\t \t\t\t \t\t\t \t\t\t 0.5 \t\t\t \t\t\t \t\t\t \t\t\t 21.8 \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 21.7 \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 18.5 \t\t\t \t\t\t \t\t\t \t\t\t 6.7 \t\t\t \t\t\t \t\t\t \t\t\t 25.2 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 25.2 \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 RECONCILIATION OF ADJUSTED EBITDA AND MANAGEMENT LEVERAGE RATIO \t\t\t \t\t \t\t \t\t\t \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\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 attributable to KDP \t\t\t \t\t\t \t\t\t $ 1,436 \t\t\t \t\t \t\t \t\t\t \t\t\t Interest expense \t\t\t \t\t\t \t\t\t 693 \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 284 \t\t\t \t\t \t\t \t\t\t \t\t\t Other expense (income), net \t\t\t \t\t\t \t\t\t 14 \t\t\t \t\t \t\t \t\t\t \t\t\t Depreciation expense \t\t\t \t\t\t \t\t\t 399 \t\t\t \t\t \t\t \t\t\t \t\t\t Other amortization \t\t\t \t\t\t \t\t\t 172 \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 138 \t\t\t \t\t \t\t \t\t\t \t\t\t EBITDA \t\t\t \t\t\t \t\t\t $ 3,136 \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 Gain on sale of equity-method investment \t\t\t \t\t\t \t\t\t $ (50) \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on litigation settlement \t\t\t \t\t\t \t\t\t (271) \t\t\t \t\t \t\t \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t \t\t\t 217 \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 477 \t\t\t \t\t \t\t \t\t\t \t\t\t Impairment of investments and note receivable \t\t\t \t\t\t \t\t\t 12 \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring and integration expenses \t\t\t \t\t\t \t\t\t 169 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t 201 \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 13 \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t 5 \t\t\t \t\t \t\t \t\t\t \t\t\t COVID-19 \t\t\t \t\t\t \t\t\t 14 \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\t Foundational projects \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 150 \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted EBITDA \t\t\t \t\t\t \t\t\t $ 4,078 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\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 \t\t\t 2022 \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 $ 399 \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 11,743 \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 12,142 \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 535 \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 $ 11,607 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t December 31, 2022 Management Leverage Ratio \t\t\t \t\t\t \t\t\t 2.8 \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 Year Ended December 31, \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 2022 \t\t\t \t\t\t \t\t\t \t\t\t 2021 \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 $ 2,837 \t\t\t \t\t\t \t\t\t \t\t\t $ 2,874 \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 (353) \t\t\t \t\t\t \t\t\t \t\t\t (423) \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 168 \t\t\t \t\t\t \t\t\t \t\t\t 122 \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 $ 2,652 \t\t\t \t\t\t \t\t\t \t\t\t $ 2,573 \t\t\t \t\t \t Keurig DR PEPPER INC ... \t\t\t \t\t \t SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper Announces New Corporate Community Impact Partnership with the Red Cross
Keurig Dr Pepper Announces New Corporate Community Impact Partnership with the Red Cross ... 28, 2023 /PRNewswire/ -- Keurig Dr Pepper Inc ... "At the American Red Cross, we count on Disaster Responder members like Keurig Dr Pepper because they understand the importance of being prepared before a disaster strikes so we can respond immediately," said Anne McKeough , chief development officer at the American Red Cross ... "We're extremely grateful for Keurig Dr Pepper's donation, which will help ensure we can continue to build our capacity and resources ahead of time, keep up with the pace of frequent disasters and assist people in their darkest hours." In Canada , KDP will become the first beverage company to sponsor the Canadian Red Cross's Community Health and Wellness programs ... "We are grateful to be working with the team at Keurig Dr Pepper in support of our Community Health and Wellness programs," said Tanya Elliott Chief, Health, at the Canadian Red Cross ... "Having the support of KDP during these critical times allows the Canadian Red Cross to provide vital services and resources to those in need." About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue of more than $14 billion and approximately 28,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Canada Dry®, Clamato®, CORE®, Green Mountain Coffee Roasters®, Mott's®, Snapple®, and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... Media Contact : Laren Marra T: 773-865-3522 / laren.marra@kdrp.com Investor Contacts: Steve Alexander T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela T: 646-620-8761 / chethan.mallela@kdrp.com SOURCE Keurig Dr Pepper Inc.