MOLSON COORS BEVERAGE CO
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
TAP-A$43.00-2.8%Stored close · as of Nov 6, 2026
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Part II—Item 8 Financial Statements and Supplementary Data, “Consolidated Statements of Operations”
(IN MILLIONS, EXCEPT PER SHARE DATA)
| For the Years Ended | |||
|---|---|---|---|
| December 31, 2023 | December 31, 2022 | December 31, 2021 | |
| Sales | $13,884.6 | $12,807.5 | $12,449.9 |
| Excise taxes | (2,182.5) | (2,106.5) | (2,170.2) |
| Net sales | 11,702.1 | 10,701.0 | 10,279.7 |
| Cost of goods sold | (7,333.3) | (7,045.8) | (6,226.3) |
| Gross profit | 4,368.8 | 3,655.2 | 4,053.4 |
| Marketing, general and administrative expenses | (2,779.9) | (2,618.8) | (2,554.5) |
| Goodwill impairment | — | (845.0) | — |
| Other operating income (expense), net | (162.7) | (38.6) | (44.5) |
| Equity income (loss) | 12.0 | 4.7 | — |
| Operating income (loss) | 1,438.2 | 157.5 | 1,454.4 |
| Interest expense | (234.0) | (250.6) | (260.3) |
| Interest income | 25.4 | 4.3 | 2.0 |
| Other pension and postretirement benefit (cost), net | 10.2 | 36.6 | 46.4 |
| Other non-operating income (expense), net | 12.7 | (10.3) | (3.5) |
| Total non-operating income (expense), net | (185.7) | (220.0) | (215.4) |
| Income (loss) before income taxes | 1,252.5 | (62.5) | 1,239.0 |
| Income tax benefit (expense) | (296.1) | (124.0) | (230.5) |
| Net income (loss) | 956.4 | (186.5) | 1,008.5 |
| Net (income) loss attributable to noncontrolling interests | (7.5) | 11.2 | (2.8) |
| Net income (loss) attributable to Molson Coors Beverage Company | $948.9 | $(175.3) | $1,005.7 |
| Net income (loss) attributable to Molson Coors Beverage Company per share | |||
| Basic | $4.39 | $(0.81) | $4.63 |
| Diluted | $4.37 | $(0.81) | $4.62 |
| Weighted-average shares outstanding | |||
| Basic | 216.0 | 216.9 | 217.1 |
| Dilutive effect of share-based awards | 1.3 | — | 0.5 |
| Diluted | 217.3 | 216.9 | 217.6 |
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