MOLSON COORS BEVERAGE CO
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
TAP-A$43.000.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 30, 2024 | September 30, 2023 | |
| Cash flows from operating activities | ||
| Net income (loss) including noncontrolling interests | $864.0 | $850.9 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
| Depreciation and amortization | 512.1 | 508.6 |
| Amortization of debt issuance costs and discounts | 4.1 | 4.4 |
| Interest expense related to mandatorily redeemable noncontrolling interest | 45.8 | — |
| Share-based compensation | 34.6 | 34.1 |
| (Gain) loss on sale or impairment of property, plant, equipment and other assets, net | 37.3 | 8.2 |
| Unrealized (gain) loss on foreign currency fluctuations and derivative instruments, net | (25.1) | 84.6 |
| Equity (income) loss | 3.6 | (12.8) |
| Income tax (benefit) expense | 292.7 | 236.1 |
| Income tax (paid) received | (116.7) | (170.1) |
| Interest expense, excluding amortization of debt issuance costs and discounts and mandatorily redeemable noncontrolling interest | 169.7 | 174.0 |
| Interest paid | (186.9) | (201.5) |
| Change in current assets and liabilities and other | (219.4) | 88.0 |
| Net cash provided by (used in) operating activities | 1,415.8 | 1,604.5 |
| Cash flows from investing activities | ||
| Additions to property, plant and equipment | (563.0) | (494.1) |
| Proceeds from sales of property, plant, equipment and other assets | 14.9 | 7.3 |
| Acquisition of business, net of cash acquired | — | (63.9) |
| Other | 17.8 | (117.8) |
| Net cash provided by (used in) investing activities | (530.3) | (668.5) |
| Cash flows from financing activities | ||
| Dividends paid | (279.4) | (266.7) |
| Payments for purchases of treasury stock | (437.4) | (60.9) |
| Payments on debt and borrowings | (879.0) | (402.9) |
| Proceeds on debt and borrowings | 863.7 | 7.0 |
| Other | (12.7) | (5.1) |
| Net cash provided by (used in) financing activities | (744.8) | (728.6) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 12.1 | (5.7) |
| Net increase (decrease) in cash and cash equivalents | 152.8 | 201.7 |
| Balance at beginning of year | 868.9 | 600.0 |
| Balance at end of period | $1,021.7 | $801.7 |
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