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Keurig Dr Pepper to Report First Quarter 2023 Results and Host Conference Call ... and FRISCO, Texas , April 5, 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: Jane Gelfand Keurig Dr Pepper T: 888-340-5287 / jane.gelfand@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 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 ... SOURCE Keurig Dr Pepper Inc.

Keurig Dr Pepper Reports Q1 2023 Results and Reaffirms Guidance for 2023 ... and FRISCO, Texas , April 27, 2023 /PRNewswire/ -- Keurig Dr Pepper Inc ... \t\t\t \t\t \t\t \t\t\t \t\t\t 2 \t\t\t \t\t\t \t\t\t Retail consumption data based on Keurig Dr Pepper's custom IRi category definitions for the 13-week period ending 4/2/2023 ... Investor Contacts: Jane Gelfand T: 888-340-5287 / jane.gelfand@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 .  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 \t\t \t\t \t\t\t \t\t\t CONDENSED 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 First Quarter \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 2023 \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 Net sales \t\t\t \t\t\t \t\t\t $          3,353 \t\t\t \t\t\t   \t\t\t \t\t\t $          3,078 \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 1,609 \t\t\t \t\t\t   \t\t\t \t\t\t 1,428 \t\t\t \t\t \t\t \t\t\t \t\t\t Gross profit \t\t\t \t\t\t \t\t\t 1,744 \t\t\t \t\t\t   \t\t\t \t\t\t 1,650 \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 1,165 \t\t\t \t\t\t   \t\t\t \t\t\t 1,018 \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 (299) \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 (5) \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 Income from operations \t\t\t \t\t\t \t\t\t 584 \t\t\t \t\t\t   \t\t\t \t\t\t 966 \t\t\t \t\t \t\t \t\t\t \t\t\t Interest expense \t\t\t \t\t\t \t\t\t 23 \t\t\t \t\t\t   \t\t\t \t\t\t 188 \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 48 \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 (50) \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 6 \t\t\t \t\t \t\t \t\t\t \t\t\t Other (income) expense, net \t\t\t \t\t\t \t\t\t (20) \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 Income before provision for income taxes \t\t\t \t\t\t \t\t\t 581 \t\t\t \t\t\t   \t\t\t \t\t\t 765 \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 114 \t\t\t \t\t\t   \t\t\t \t\t\t 180 \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 467 \t\t\t \t\t\t   \t\t\t \t\t\t 585 \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\t Net income attributable to KDP \t\t\t \t\t\t \t\t\t $            467 \t\t\t \t\t\t   \t\t\t \t\t\t $            585 \t\t\t \t\t \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 Basic \t\t\t \t\t\t \t\t\t $           0.33 \t\t\t \t\t\t   \t\t\t \t\t\t $           0.41 \t\t\t \t\t \t\t \t\t\t \t\t\t Diluted \t\t\t \t\t\t \t\t\t 0.33 \t\t\t \t\t\t   \t\t\t \t\t\t 0.41 \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 Basic \t\t\t \t\t\t \t\t\t 1,406.2 \t\t\t \t\t\t   \t\t\t \t\t\t 1,418.2 \t\t\t \t\t \t\t \t\t\t \t\t\t Diluted \t\t\t \t\t\t \t\t\t 1,417.0 \t\t\t \t\t\t   \t\t\t \t\t\t 1,429.7 \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 March 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 2023 \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 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 $                204 \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 Trade accounts receivable, net \t\t\t \t\t\t \t\t\t 1,451 \t\t\t \t\t\t   \t\t\t \t\t\t 1,484 \t\t\t \t\t \t\t \t\t\t \t\t\t Inventories \t\t\t \t\t\t \t\t\t 1,391 \t\t\t \t\t\t   \t\t\t \t\t\t 1,314 \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 540 \t\t\t \t\t\t   \t\t\t \t\t\t 471 \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 3,586 \t\t\t \t\t\t   \t\t\t \t\t\t 3,804 \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 2,480 \t\t\t \t\t\t   \t\t\t \t\t\t 2,491 \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 1,009 \t\t\t \t\t\t   \t\t\t \t\t\t 1,000 \t\t\t \t\t \t\t \t\t\t \t\t\t Goodwill \t\t\t \t\t\t \t\t\t 20,117 \t\t\t \t\t\t   \t\t\t \t\t\t 20,072 \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 23,273 \t\t\t \t\t\t   \t\t\t \t\t\t 23,183 \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 1,160 \t\t\t \t\t\t   \t\t\t \t\t\t 1,252 \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 35 \t\t\t \t\t \t\t \t\t\t \t\t\t Total assets \t\t\t \t\t\t \t\t\t $           51,660 \t\t\t \t\t\t   \t\t\t \t\t\t $           51,837 \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 4,947 \t\t\t \t\t\t   \t\t\t \t\t\t 5,206 \t\t\t \t\t \t\t \t\t\t \t\t\t Accrued expenses \t\t\t \t\t\t \t\t\t 1,046 \t\t\t \t\t\t   \t\t\t \t\t\t 1,153 \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 137 \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 2,310 \t\t\t \t\t\t   \t\t\t \t\t\t 895 \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 687 \t\t\t \t\t\t   \t\t\t \t\t\t 685 \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 9,127 \t\t\t \t\t\t   \t\t\t \t\t\t 8,076 \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 9,929 \t\t\t \t\t\t   \t\t\t \t\t\t 11,072 \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 5,739 \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 1,763 \t\t\t \t\t\t   \t\t\t \t\t\t 1,825 \t\t\t \t\t \t\t \t\t\t \t\t\t Total liabilities \t\t\t \t\t\t \t\t\t 26,558 \t\t\t \t\t\t   \t\t\t \t\t\t 26,712 \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\tissued \t\t\t \t\t\t \t\t\t — \t\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\t1,403,720,858 and 1,408,394,293 shares issued and outstanding as of March \t\t\t31, 2023 and December 31, 2022, 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 21,210 \t\t\t \t\t\t   \t\t\t \t\t\t 21,444 \t\t\t \t\t \t\t \t\t\t \t\t\t Retained earnings \t\t\t \t\t\t \t\t\t 3,724 \t\t\t \t\t\t   \t\t\t \t\t\t 3,539 \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 155 \t\t\t \t\t\t   \t\t\t \t\t\t 129 \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 25,103 \t\t\t \t\t\t   \t\t\t \t\t\t 25,126 \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 (1) \t\t\t \t\t \t\t \t\t\t \t\t\t Total equity \t\t\t \t\t\t \t\t\t 25,102 \t\t\t \t\t\t   \t\t\t \t\t\t 25,125 \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 $           51,660 \t\t\t \t\t\t   \t\t\t \t\t\t $           51,837 \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 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 First Quarter \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t \t\t\t 2023 \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 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 $                  467 \t\t\t \t\t\t   \t\t\t \t\t\t $                  585 \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 107 \t\t\t \t\t\t   \t\t\t \t\t\t 106 \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\t Other amortization expense \t\t\t \t\t\t \t\t\t 45 \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 Provision for sales returns \t\t\t \t\t\t \t\t\t 10 \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\t Deferred income taxes \t\t\t \t\t\t \t\t\t — \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 Employee stock-based compensation expense \t\t\t \t\t\t \t\t\t 29 \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 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 48 \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 (50) \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 (5) \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 Unrealized gain on foreign currency \t\t\t \t\t\t \t\t\t (2) \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 Unrealized gain on derivatives \t\t\t \t\t\t \t\t\t (95) \t\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 (earnings) loss of unconsolidated affiliates \t\t\t \t\t\t \t\t\t (9) \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 Impairment on investments and note receivable of unconsolidated affiliates \t\t\t \t\t\t \t\t\t — \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 Other, net \t\t\t \t\t\t \t\t\t (4) \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 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 28 \t\t\t \t\t\t   \t\t\t \t\t\t (73) \t\t\t \t\t \t\t \t\t\t \t\t\t Inventories \t\t\t \t\t\t \t\t\t (74) \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 Income taxes receivable and payables, net \t\t\t \t\t\t \t\t\t 60 \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 Other current and non-current assets \t\t\t \t\t\t \t\t\t (151) \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\t Accounts payable and accrued expenses \t\t\t \t\t\t \t\t\t (391) \t\t\t \t\t\t   \t\t\t \t\t\t 151 \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 22 \t\t\t \t\t\t   \t\t\t \t\t\t 138 \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 (506) \t\t\t \t\t\t   \t\t\t \t\t\t (80) \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 71 \t\t\t \t\t\t   \t\t\t \t\t\t 663 \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 — \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\t Purchases of property, plant and equipment \t\t\t \t\t\t \t\t\t (62) \t\t\t \t\t\t   \t\t\t \t\t\t (109) \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 7 \t\t\t \t\t\t   \t\t\t \t\t\t 78 \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 (51) \t\t\t \t\t\t   \t\t\t \t\t\t (10) \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 — \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 Investments in unconsolidated affiliates \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\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 3 \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 (105) \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 Financing activities: \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 — \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 Proceeds from issuance of commercial paper \t\t\t \t\t\t \t\t\t 3,523 \t\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 commercial paper \t\t\t \t\t\t \t\t\t (3,258) \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 structured payables \t\t\t \t\t\t \t\t\t 34 \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 Repayments of structured payables \t\t\t \t\t\t \t\t\t (32) \t\t\t \t\t\t   \t\t\t \t\t\t (37) \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 (281) \t\t\t \t\t\t   \t\t\t \t\t\t (265) \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 (231) \t\t\t \t\t\t   \t\t\t \t\t\t — \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 (31) \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 Payments on finance leases \t\t\t \t\t\t \t\t\t (24) \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 Other, net \t\t\t \t\t\t \t\t\t (3) \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 Net cash used in financing activities \t\t\t \t\t\t \t\t\t (303) \t\t\t \t\t\t   \t\t\t \t\t\t (644) \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 (337) \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\t Effect of exchange rate changes \t\t\t \t\t\t \t\t\t 6 \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 Beginning 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 Ending balance \t\t\t \t\t\t \t\t\t $                  204 \t\t\t \t\t\t   \t\t\t \t\t\t $                  594 \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 232 \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 International \t\t\t \t\t\t \t\t\t 80 \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\t Unallocated corporate costs \t\t\t \t\t\t \t\t\t (218) \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 Total income from operations \t\t\t \t\t\t \t\t\t $              584 \t\t\t \t\t\t   \t\t\t \t\t\t $              966 \t\t\t \t\t \t   Keurig DR PEPPER INC ... \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 Keurig DR PEPPER INC ... \t\t\t \t\t \t   Keurig DR PEPPER INC ... \t\t\t \t\t \t       SOURCE Keurig Dr Pepper Inc.

About Dr Pepper ® Dr Pepper®, a brand of Keurig Dr Pepper, Inc ... For more information, visit DrPepper.com or Keurigdrpepper.com ... For the brand's latest news and updates, follow Dr Pepper at Facebook.com/DrPepper, Instagram.com/DrPepper or Twitter.com/DrPepper.  About Keurig Dr Pepper, Inc ... Keurig Dr Pepper, Inc ... 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 ... CONTACT: drpepper@havasformula.com SOURCE Keurig Dr Pepper .

Keurig Dr Pepper Declares Quarterly Dividend ... and FRISCO, Texas , May 16, 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 ... Investor Contacts : Jane Gelfand T: 888-340-5287 / jane.gelfand@kdrp.com Chethan Mallela T: 888-340-5287 / 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 ... SOURCE Keurig Dr Pepper Inc.

ABOUT CANADA DRY Canada Dry, a brand of Keurig Dr Pepper (KDP), is a leader in great-tasting carbonated beverages ... For more information, visit CanadaDry.com or Keurigdrpepper.com ... CONTACT: canadadry@havasformula.com SOURCE Keurig Dr Pepper .

Keurig Dr Pepper Highlights 2022 Corporate Responsibility Progress in Latest Drink Well ... and FRISCO, Texas , June 22, 2023 /PRNewswire/ -- Keurig Dr Pepper Inc ... "Keurig Dr Pepper recognizes that ESG issues are complex and, often times, intersect ... 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 Contacts: Laren Marra Keurig Dr Pepper T: 773-865-3522 / laren.marra@kdrp.com Investor Contact: 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 During 2022, a very small amount of coffee (0.36%) was received as conventional due to supplier error and shipping delays requiring immediate substitution with readily available coffee ... SOURCE Keurig Dr Pepper Inc.

Keurig Dr Pepper to Report Second Quarter 2023 Results and Host Conference Call ... and FRISCO, Texas , June 29, 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: 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 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 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 ® ... Keurigdrpepper ... SOURCE Keurig Dr Pepper Inc.

KEURIG DR PEPPER AND LA COLOMBE ANNOUNCE STRATEGIC PARTNERSHIP ... Equity investment by KDP paired with long-term agreements for the sales and distribution of La Colombe ready-to-drink coffee and licensing of La Colombe K-Cup® coffee pods BURLINGTON, Mass and FRISCO, Texas and PHILADELPHIA , July 20, 2023 /PRNewswire/ -- KEURIG Dr Pepper Inc ... KEURIG Dr Pepper will also make an equity investment in La Colombe, enabling KDP to participate in the value creation upside expected from the partnership ... Investor Contacts: Jane Gelfand T: 888-340-5287 / jane.gelfand@kdrp.com Chethan Mallela T: 888-340-5287 / 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 ... SOURCE KEURIG Dr Pepper Inc.

Keurig Dr Pepper Reports Q2 2023 Results, Raises Full Year Net Sales Outlook and Reaffirms EPS Guidance ... Refreshment Beverages and International Full Year Net Sales Outlook Increased to 5% to 6% BURLINGTON, Mass. and FRISCO, Texas  , July 27, 2023 /PRNewswire/ -- Keurig Dr Pepper Inc ... \t\t\t 2 Retail consumption data based on Keurig Dr Pepper's custom IRi category definitions for the 13-week period ending 7/2/2023 ... Investor Contacts: Jane Gelfand T: 888-340-5287 / jane.gelfand@kdrp.com   Chethan Mallela T: 888-340-5287 / 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 .  FORWARD LOOKING STATEMENTS Certain statements contained herein are "forward-looking statements" within the meaning of applicable securities laws and regulations ... To the extent that the Company provides guidance, it does so only on a non-GAAP basis and does not provide reconciliations of such forward-looking non-GAAP measures to GAAP due to the inability to predict the amount and timing of impacts outside of the Company's control on certain items, such as non-cash gains or losses resulting from mark-to-market adjustments of derivative instruments, among others, which could be material.    \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  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 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 2023 \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 2023 \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 Net sales \t\t\t \t\t\t \t\t\t $        3,789 \t\t\t \t\t\t   \t\t\t \t\t\t $        3,554 \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 $        6,632 \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 1,748 \t\t\t \t\t\t   \t\t\t \t\t\t 1,778 \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 3,206 \t\t\t \t\t \t\t \t\t\t \t\t\t Gross profit \t\t\t \t\t\t \t\t\t 2,041 \t\t\t \t\t\t   \t\t\t \t\t\t 1,776 \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 3,426 \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 1,272 \t\t\t \t\t\t   \t\t\t \t\t\t 1,204 \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 2,222 \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 — \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 Other operating income, net \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \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 (35) \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 769 \t\t\t \t\t\t   \t\t\t \t\t\t 572 \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 1,538 \t\t\t \t\t \t\t \t\t\t \t\t\t Interest expense \t\t\t \t\t\t \t\t\t 172 \t\t\t \t\t\t   \t\t\t \t\t\t 175 \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 363 \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 169 \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\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 — \t\t\t \t\t\t   \t\t\t \t\t\t — \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\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 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 12 \t\t\t \t\t \t\t \t\t\t \t\t\t Other (income) expense, net \t\t\t \t\t\t \t\t\t (16) \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 (36) \t\t\t \t\t\t   \t\t\t \t\t\t 18 \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 613 \t\t\t \t\t\t   \t\t\t \t\t\t 213 \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 978 \t\t\t \t\t \t\t \t\t\t \t\t\t Provision (benefit) for income taxes \t\t\t \t\t\t \t\t\t 110 \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 224 \t\t\t \t\t\t   \t\t\t \t\t\t 175 \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 503 \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 970 \t\t\t \t\t\t   \t\t\t \t\t\t 803 \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 — \t\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 income attributable to KDP \t\t\t \t\t\t \t\t\t $           503 \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 $           970 \t\t\t \t\t\t   \t\t\t \t\t\t $           803 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t   \t\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 $          0.36 \t\t\t \t\t\t   \t\t\t \t\t\t $          0.15 \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 $          0.57 \t\t\t \t\t \t\t \t\t\t \t\t\t Diluted \t\t\t \t\t\t \t\t\t 0.36 \t\t\t \t\t\t   \t\t\t \t\t\t 0.15 \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 0.56 \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 1,400.3 \t\t\t \t\t\t   \t\t\t \t\t\t 1,417.5 \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 1,417.8 \t\t\t \t\t \t\t \t\t\t \t\t\t Diluted \t\t\t \t\t\t \t\t\t 1,409.1 \t\t\t \t\t\t   \t\t\t \t\t\t 1,428.6 \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 1,429.2 \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 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 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 2023 \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 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 $                278 \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 Trade accounts receivable, net \t\t\t \t\t\t \t\t\t 1,311 \t\t\t \t\t\t   \t\t\t \t\t\t 1,484 \t\t\t \t\t \t\t \t\t\t \t\t\t Inventories \t\t\t \t\t\t \t\t\t 1,384 \t\t\t \t\t\t   \t\t\t \t\t\t 1,314 \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 597 \t\t\t \t\t\t   \t\t\t \t\t\t 471 \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 3,570 \t\t\t \t\t\t   \t\t\t \t\t\t 3,804 \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 2,489 \t\t\t \t\t\t   \t\t\t \t\t\t 2,491 \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 1,019 \t\t\t \t\t\t   \t\t\t \t\t\t 1,000 \t\t\t \t\t \t\t \t\t\t \t\t\t Goodwill \t\t\t \t\t\t \t\t\t 20,194 \t\t\t \t\t\t   \t\t\t \t\t\t 20,072 \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 23,344 \t\t\t \t\t\t   \t\t\t \t\t\t 23,183 \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 1,153 \t\t\t \t\t\t   \t\t\t \t\t\t 1,252 \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 32 \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 Total assets \t\t\t \t\t\t \t\t\t $           51,801 \t\t\t \t\t\t   \t\t\t \t\t\t $           51,837 \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 4,601 \t\t\t \t\t\t   \t\t\t \t\t\t 5,206 \t\t\t \t\t \t\t \t\t\t \t\t\t Accrued expenses \t\t\t \t\t\t \t\t\t 1,030 \t\t\t \t\t\t   \t\t\t \t\t\t 1,153 \t\t\t \t\t \t\t \t\t\t \t\t\t Structured payables \t\t\t \t\t\t \t\t\t 126 \t\t\t \t\t\t   \t\t\t \t\t\t 137 \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 2,635 \t\t\t \t\t\t   \t\t\t \t\t\t 895 \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 664 \t\t\t \t\t\t   \t\t\t \t\t\t 685 \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 9,056 \t\t\t \t\t\t   \t\t\t \t\t\t 8,076 \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 9,934 \t\t\t \t\t\t   \t\t\t \t\t\t 11,072 \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 5,736 \t\t\t \t\t\t   \t\t\t \t\t\t 5,739 \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 1,808 \t\t\t \t\t\t   \t\t\t \t\t\t 1,825 \t\t\t \t\t \t\t \t\t\t \t\t\t Total liabilities \t\t\t \t\t\t \t\t\t 26,534 \t\t\t \t\t\t   \t\t\t \t\t\t 26,712 \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, 1,396,909,564 and 1,408,394,293 shares issued and outstanding as of June 30, 2023 and December 31, 2022, 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 21,009 \t\t\t \t\t\t   \t\t\t \t\t\t 21,444 \t\t\t \t\t \t\t \t\t\t \t\t\t Retained earnings \t\t\t \t\t\t \t\t\t 3,948 \t\t\t \t\t\t   \t\t\t \t\t\t 3,539 \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 297 \t\t\t \t\t\t   \t\t\t \t\t\t 129 \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 25,268 \t\t\t \t\t\t   \t\t\t \t\t\t 25,126 \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 (1) \t\t\t \t\t \t\t \t\t\t \t\t\t Total equity \t\t\t \t\t\t \t\t\t 25,267 \t\t\t \t\t\t   \t\t\t \t\t\t 25,125 \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 $           51,801 \t\t\t \t\t\t   \t\t\t \t\t\t $           51,837 \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  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 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 2023 \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 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 $                  970 \t\t\t \t\t\t   \t\t\t \t\t\t $                  803 \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 201 \t\t\t \t\t\t   \t\t\t \t\t\t 205 \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 69 \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 Other amortization expense \t\t\t \t\t\t \t\t\t 91 \t\t\t \t\t\t   \t\t\t \t\t\t 86 \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 26 \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\t Deferred income taxes \t\t\t \t\t\t \t\t\t (26) \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\t Employee stock-based compensation expense \t\t\t \t\t\t \t\t\t 57 \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\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 217 \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 (50) \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 (2) \t\t\t \t\t\t   \t\t\t \t\t\t (33) \t\t\t \t\t \t\t \t\t\t \t\t\t Unrealized (gain) loss on foreign currency \t\t\t \t\t\t \t\t\t (13) \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 (gain) loss on derivatives \t\t\t \t\t\t \t\t\t (31) \t\t\t \t\t\t   \t\t\t \t\t\t 187 \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 — \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 Equity in (earnings) loss of unconsolidated affiliates \t\t\t \t\t\t \t\t\t (14) \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 on investments and note receivable of unconsolidated affiliates \t\t\t \t\t\t \t\t\t — \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\t Other, net \t\t\t \t\t\t \t\t\t (9) \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\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 162 \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\t Inventories \t\t\t \t\t\t \t\t\t (61) \t\t\t \t\t\t   \t\t\t \t\t\t (346) \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 (70) \t\t\t \t\t\t   \t\t\t \t\t\t (245) \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 (147) \t\t\t \t\t\t   \t\t\t \t\t\t (340) \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 (762) \t\t\t \t\t\t   \t\t\t \t\t\t 680 \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 11 \t\t\t \t\t\t   \t\t\t \t\t\t 163 \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 (867) \t\t\t \t\t\t   \t\t\t \t\t\t (294) \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 452 \t\t\t \t\t\t   \t\t\t \t\t\t 1,339 \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 — \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\t Purchases of property, plant and equipment \t\t\t \t\t\t \t\t\t (149) \t\t\t \t\t\t   \t\t\t \t\t\t (186) \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 8 \t\t\t \t\t\t   \t\t\t \t\t\t 78 \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 (55) \t\t\t \t\t\t   \t\t\t \t\t\t (10) \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 — \t\t\t \t\t\t   \t\t\t \t\t\t (18) \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 (8) \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 Other, net \t\t\t \t\t\t \t\t\t 1 \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 cash (used in) provided by investing activities \t\t\t \t\t\t \t\t\t (203) \t\t\t \t\t\t   \t\t\t \t\t\t (131) \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 — \t\t\t \t\t\t   \t\t\t \t\t\t 3,000 \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 — \t\t\t \t\t\t   \t\t\t \t\t\t (3,365) \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 18,187 \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 Repayments of commercial paper \t\t\t \t\t\t \t\t\t (17,598) \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 Proceeds from structured payables \t\t\t \t\t\t \t\t\t 61 \t\t\t \t\t\t   \t\t\t \t\t\t 79 \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 (72) \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 Cash dividends paid \t\t\t \t\t\t \t\t\t (563) \t\t\t \t\t\t   \t\t\t \t\t\t (531) \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 (457) \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 Tax withholdings related to net share settlements \t\t\t \t\t\t \t\t\t (32) \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 Payments on finance leases \t\t\t \t\t\t \t\t\t (49) \t\t\t \t\t\t   \t\t\t \t\t\t (41) \t\t\t \t\t \t\t \t\t\t \t\t\t Other, net \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (43) \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 (523) \t\t\t \t\t\t   \t\t\t \t\t\t (1,221) \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 (274) \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 Effect of exchange rate changes \t\t\t \t\t\t \t\t\t 17 \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 Beginning 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 Ending balance \t\t\t \t\t\t \t\t\t $                  278 \t\t\t \t\t\t   \t\t\t \t\t\t $                  554 \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 250 \t\t\t \t\t\t   \t\t\t \t\t\t 295 \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 550 \t\t\t \t\t \t\t \t\t\t \t\t\t International \t\t\t \t\t\t \t\t\t 112 \t\t\t \t\t\t   \t\t\t \t\t\t 98 \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 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 (222) \t\t\t \t\t\t   \t\t\t \t\t\t (349) \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 (406) \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 $              769 \t\t\t \t\t\t   \t\t\t \t\t\t $              572 \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 $            1,538 \t\t\t \t\t \t   Keurig DR PEPPER INC ...   \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 Keurig DR PEPPER INC ... \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\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\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 \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 ... \t\t\t \t\t \t   Keurig DR PEPPER INC ... \t\t\t \t\t \t       SOURCE Keurig Dr Pepper Inc.

Keurig Dr Pepper Names Interim Chief Corporate Affairs Officer ... 4, 2023 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) today announced the appointment of Monique Oxender as Interim Chief Corporate Affairs Officer, reporting to Chairman & CEO Bob Gamgort and joining the Executive Leadership Team (ELT) ... 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 ... Contacts: Media: Katie Gilroy T: 781-418-3345/ katie.gilroy@kdrp.com Investors: Jane Gelfand T: 888-340-5287 / jane.gelfand@kdrp.com Chethan Mallela T: 888-340-5287 / chethan.mallela@kdrp.com SOURCE Keurig Dr Pepper Inc.