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Keurig Dr Pepper to Participate in Barclays Global Consumer Staples Conference
Keurig Dr Pepper to Participate in Barclays Global Consumer Staples Conference ... 17, 2023 /PRNewswire/ -- Keurig Dr Pepper Inc ... Access to a live webcast of the event will be available on the Company's corporate website, www.Keurigdrpepper.com ... Investor Contacts: 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 Increases its Dividend by 7.5% and Declares Quarterly Dividend for Q3 2023
Keurig Dr Pepper Increases its Dividend by 7.5% and Declares Quarterly Dividend for Q3 2023 ... 19, 2023 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has approved a 7.5% increase in its annualized dividend rate to $0.86 per share, from the current annualized rate of $0.80 per share, effective with the regular quarterly cash dividend announced today ... 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 Appoints Veteran CPG Executive as Chief Operating Officer and Announces Plan for CEO Succession
Keurig Dr Pepper Appoints Veteran CPG Executive as Chief Operating Officer and Announces Plan for CEO Succession ... 20, 2023 /PRNewswire/ -- Keurig Dr Pepper Inc ... We are confident that Tim's extensive CPG experience and growth-oriented leadership will make him a very strong next CEO of KDP." 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.
Keurig Dr Pepper to Report Third Quarter 2023 Results and Host Conference Call
Keurig Dr Pepper to Report Third Quarter 2023 Results and Host Conference Call ... 28, 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 Grupo PiSA Announce Long-Term Partnership for Electrolit
Keurig Dr Pepper and Grupo PiSA Announce Long-Term Partnership for Electrolit ... 26, 2023 /PRNewswire/ -- Keurig Dr Pepper Inc ... 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 . ABOUT ELECTROLIT Electrolit manufactures a scientifically formulated premium hydration beverage that replenishes the body after physical activity, intense heat, or a night of partying ... SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper Reports Q3 2023 Results and Reaffirms Full Year Guidance
Keurig Dr Pepper Reports Q3 2023 Results and Reaffirms Full Year Guidance ... 26, 2023 /PRNewswire/ -- Keurig Dr Pepper Inc ... \t\t\t \t\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 13-week period ending 10/1/2023 ... \t\t\t \t\t \t 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 ... \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t CONDENSED CONSOLIDATED STATEMENTS OF INCOME \t\t\t (UNAUDITED) \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t Third Quarter \t\t\t \t\t\t \t\t\t \t\t\t First Nine 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 $ 3,805 \t\t\t \t\t\t \t\t\t \t\t\t $ 3,622 \t\t\t \t\t\t \t\t\t \t\t\t $ 10,947 \t\t\t \t\t\t \t\t\t \t\t\t $ 10,254 \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 1,694 \t\t\t \t\t\t \t\t\t \t\t\t 1,721 \t\t\t \t\t\t \t\t\t \t\t\t 5,051 \t\t\t \t\t\t \t\t\t \t\t\t 4,927 \t\t\t \t\t \t\t \t\t\t \t\t\t Gross profit \t\t\t \t\t\t \t\t\t 2,111 \t\t\t \t\t\t \t\t\t \t\t\t 1,901 \t\t\t \t\t\t \t\t\t \t\t\t 5,896 \t\t\t \t\t\t \t\t\t \t\t\t 5,327 \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 1,217 \t\t\t \t\t\t \t\t\t \t\t\t 1,196 \t\t\t \t\t\t \t\t\t \t\t\t 3,654 \t\t\t \t\t\t \t\t\t \t\t\t 3,418 \t\t\t \t\t \t\t \t\t\t \t\t\t Impairment of intangible assets \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t\t \t\t\t \t\t\t 311 \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 311 \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 (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 (9) \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 896 \t\t\t \t\t\t \t\t\t \t\t\t 394 \t\t\t \t\t\t \t\t\t \t\t\t 2,249 \t\t\t \t\t\t \t\t\t \t\t\t 1,932 \t\t\t \t\t \t\t \t\t\t \t\t\t Interest expense \t\t\t \t\t\t \t\t\t 237 \t\t\t \t\t\t \t\t\t \t\t\t 207 \t\t\t \t\t\t \t\t\t \t\t\t 432 \t\t\t \t\t\t \t\t\t \t\t\t 570 \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 — \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 — \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 (5) \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 (41) \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 Income before provision for income taxes \t\t\t \t\t\t \t\t\t 664 \t\t\t \t\t\t \t\t\t \t\t\t 183 \t\t\t \t\t\t \t\t\t \t\t\t 1,858 \t\t\t \t\t\t \t\t\t \t\t\t 1,161 \t\t\t \t\t \t\t \t\t\t \t\t\t Provision for income taxes \t\t\t \t\t\t \t\t\t 146 \t\t\t \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t\t \t\t\t \t\t\t 370 \t\t\t \t\t\t \t\t\t \t\t\t 179 \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 518 \t\t\t \t\t\t \t\t\t \t\t\t 179 \t\t\t \t\t\t \t\t\t \t\t\t 1,488 \t\t\t \t\t\t \t\t\t \t\t\t 982 \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 (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 (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 $ 518 \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 $ 1,488 \t\t\t \t\t\t \t\t\t \t\t\t $ 983 \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t \t\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 $ 0.37 \t\t\t \t\t\t \t\t\t \t\t\t $ 0.13 \t\t\t \t\t\t \t\t\t \t\t\t $ 1.06 \t\t\t \t\t\t \t\t\t \t\t\t $ 0.69 \t\t\t \t\t \t\t \t\t\t \t\t\t Diluted \t\t\t \t\t\t \t\t\t 0.37 \t\t\t \t\t\t \t\t\t \t\t\t 0.13 \t\t\t \t\t\t \t\t\t \t\t\t 1.05 \t\t\t \t\t\t \t\t\t \t\t\t 0.69 \t\t\t \t\t \t\t \t\t\t \t\t\t Weighted average common shares outstanding: \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t Basic \t\t\t \t\t\t \t\t\t 1,397.4 \t\t\t \t\t\t \t\t\t \t\t\t 1,416.1 \t\t\t \t\t\t \t\t\t \t\t\t 1,401.3 \t\t\t \t\t\t \t\t\t \t\t\t 1,417.3 \t\t\t \t\t \t\t \t\t\t \t\t\t Diluted \t\t\t \t\t\t \t\t\t 1,406.2 \t\t\t \t\t\t \t\t\t \t\t\t 1,427.2 \t\t\t \t\t\t \t\t\t \t\t\t 1,410.8 \t\t\t \t\t\t \t\t\t \t\t\t 1,428.8 \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t CONDENSED CONSOLIDATED BALANCE SHEETS \t\t\t (UNAUDITED) \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t September 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 $ 260 \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 1,279 \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 1,348 \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 519 \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 3,406 \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 2,527 \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 1,336 \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 20,122 \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 23,223 \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 1,117 \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 $ 51,763 \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 4,090 \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 1,123 \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 122 \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 2,798 \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 681 \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 8,814 \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 9,940 \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 5,714 \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 1,931 \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 26,399 \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\t issued \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Common stock, $0.01 par value, 2,000,000,000 shares authorized, \t\t\t 1,398,322,033 and 1,408,394,293 shares issued and outstanding as of \t\t\t September 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 21,014 \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 4,165 \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 171 \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 25,364 \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 — \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 25,364 \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 $ 51,763 \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 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS \t\t\t (UNAUDITED) \t\t\t \t\t\t \t\t \t\t \t\t\t \t\t\t \t\t\t First Nine 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 $ 1,488 \t\t\t \t\t\t \t\t\t \t\t\t $ 983 \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 299 \t\t\t \t\t\t \t\t\t \t\t\t 301 \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 103 \t\t\t \t\t\t \t\t\t \t\t\t 100 \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 136 \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 Provision for sales returns \t\t\t \t\t\t \t\t\t 42 \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 Deferred income taxes \t\t\t \t\t\t \t\t\t (22) \t\t\t \t\t\t \t\t\t \t\t\t (281) \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 86 \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 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 (3) \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) loss on foreign currency \t\t\t \t\t\t \t\t\t (4) \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 Unrealized loss on derivatives \t\t\t \t\t\t \t\t\t 44 \t\t\t \t\t\t \t\t\t \t\t\t 387 \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 54 \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 (24) \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 Impairment of intangible assets \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t\t \t\t\t \t\t\t 311 \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 (5) \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 170 \t\t\t \t\t\t \t\t\t \t\t\t (372) \t\t\t \t\t \t\t \t\t\t \t\t\t Inventories \t\t\t \t\t\t \t\t\t (31) \t\t\t \t\t\t \t\t\t \t\t\t (552) \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 (39) \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 Other current and non-current assets \t\t\t \t\t\t \t\t\t (159) \t\t\t \t\t\t \t\t\t \t\t\t (380) \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 (1,155) \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\t Other current and non-current liabilities \t\t\t \t\t\t \t\t\t 50 \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 Net change in operating assets and liabilities \t\t\t \t\t\t \t\t\t (1,164) \t\t\t \t\t\t \t\t\t \t\t\t (229) \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 1,032 \t\t\t \t\t\t \t\t\t \t\t\t 2,098 \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 (271) \t\t\t \t\t\t \t\t\t \t\t\t (260) \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 9 \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 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 (19) \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 (308) \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 2 \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 (623) \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\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 Net issuance (repayment) of commercial paper \t\t\t \t\t\t \t\t\t 750 \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 91 \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 Repayments of structured payables \t\t\t \t\t\t \t\t\t (105) \t\t\t \t\t\t \t\t\t \t\t\t (111) \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 (842) \t\t\t \t\t\t \t\t\t \t\t\t (796) \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 (57) \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 Payments on finance leases \t\t\t \t\t\t \t\t\t (74) \t\t\t \t\t\t \t\t\t \t\t\t (65) \t\t\t \t\t \t\t \t\t\t \t\t\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 (45) \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 (697) \t\t\t \t\t\t \t\t\t \t\t\t (1,515) \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 (288) \t\t\t \t\t\t \t\t\t \t\t\t 370 \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 13 \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 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 $ 260 \t\t\t \t\t\t \t\t\t \t\t\t $ 928 \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 293 \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 775 \t\t\t \t\t\t \t\t\t \t\t\t 822 \t\t\t \t\t \t\t \t\t\t \t\t\t International \t\t\t \t\t\t \t\t\t 139 \t\t\t \t\t\t \t\t\t \t\t\t 97 \t\t\t \t\t\t \t\t\t \t\t\t 331 \t\t\t \t\t\t \t\t\t \t\t\t 259 \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 (212) \t\t\t \t\t\t \t\t\t \t\t\t (297) \t\t\t \t\t\t \t\t\t \t\t\t (652) \t\t\t \t\t\t \t\t\t \t\t\t (703) \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 $ 896 \t\t\t \t\t\t \t\t\t \t\t\t $ 394 \t\t\t \t\t\t \t\t\t \t\t\t $ 2,249 \t\t\t \t\t\t \t\t\t \t\t\t $ 1,932 \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 29.0 \t\t\t \t\t\t \t\t\t \t\t\t 3.9 \t\t\t \t\t\t \t\t\t \t\t\t 32.9 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 32.9 \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 26.6 \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 27.7 \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 28.0 \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 23.5 \t\t\t \t\t\t \t\t\t \t\t\t 2.4 \t\t\t \t\t\t \t\t\t \t\t\t 25.9 \t\t\t \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t \t\t\t \t\t\t 25.9 \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\t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t \t\t\t \t\t \t \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \t\t\t \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 ... \t\t\t \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 \t\t\t \t\t\t \t\t\t First Nine Months \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t \t\t\t \t\t\t 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 cash provided by operating activities \t\t\t \t\t\t \t\t\t \t\t\t $ 1,032 \t\t\t \t\t\t \t\t\t \t\t\t $ 2,098 \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 (271) \t\t\t \t\t\t \t\t\t \t\t\t (260) \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 9 \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 Free Cash Flow \t\t\t \t\t\t \t\t\t \t\t\t $ 770 \t\t\t \t\t\t \t\t\t \t\t\t $ 1,917 \t\t\t \t\t \t SOURCE Keurig Dr Pepper Inc.
Keurig Dr Pepper Announces Executive Leadership Team Appointments
Keurig Dr Pepper Announces Executive Leadership Team Appointments ... 2, 2023 /PRNewswire/ -- Keurig Dr Pepper Inc ... Since joining the Company in 2015, Minogue has played a key role in the innovation and growth of the Keurig system, including the successful launch of connected brewers, the strategy and products that are capturing iced and specialty coffee occasions, and the ongoing growth of KDP's leading e-commerce platforms, including Keurig.com ... Sudhanshu Priyadarshi , CFO, expands his role to include the position of President, International, with responsibility for Keurig Dr Pepper Canada and Grupo Penafiel , KDP's Canada and Mexico businesses, respectively ... Reflecting upon this leadership evolution, Chairman and CEO Bob Gamgort shared, "This Executive Leadership Team is proven, deeply capable and prepared to set the course for KDP's continued success, backed by 28,000 team members who know how to win." He also added, "I'd like to thank Mauricio for his leadership and look forward to his ongoing support as an advisor to the Company." 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 to Participate in Morgan Stanley Global Consumer & Retail Conference
Keurig Dr Pepper to Participate in Morgan Stanley Global Consumer & Retail Conference ... 9, 2023 /PRNewswire/ -- Keurig Dr Pepper Inc ... Access to a live webcast of the event will be available on the Company's corporate website, www.Keurigdrpepper.com ... Investor Contacts: 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.
Dr Pepper® Introduces the Winners of the 15th Annual Dr Pepper® Tuition Giveaway
About Dr Pepper® Dr Pepper®, a brand of Keurig Dr Pepper, Inc ... For more information, visit DrPepper.com or Keurigdrpepper.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 . CONTACT: drpepper@havasformula.com SOURCE Keurig Dr Pepper .
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 $0.215 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.