Keurig Dr Pepper Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 22, 2024
KDP$37.59+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions, except per share data) | 2023 | 2022 | 2021 |
| Net sales | $14,814 | $14,057 | $12,683 |
| Cost of sales | 6,734 | 6,734 | 5,706 |
| Gross profit | 8,080 | 7,323 | 6,977 |
| Selling, general, and administrative expenses | 4,912 | 4,645 | 4,153 |
| Impairment of intangible assets | 2 | 477 | — |
| Gain on litigation settlement | — | (299) | — |
| Other operating income, net | (26) | (105) | (70) |
| Income from operations | 3,192 | 2,605 | 2,894 |
| Interest expense, net | 496 | 693 | 500 |
| Loss on early extinguishment of debt | — | 217 | 105 |
| Gain on sale of equity method investment | — | (50) | (524) |
| Impairment of investments and note receivable | — | 12 | 17 |
| Other (income) expense, net | (61) | 14 | (2) |
| Income before provision for income taxes | 2,757 | 1,719 | 2,798 |
| Provision for income taxes | 576 | 284 | 653 |
| Net income including non-controlling interest | 2,181 | 1,435 | 2,145 |
| Less: Net loss attributable to non-controlling interest | — | (1) | (1) |
| Net income attributable to KDP | $2,181 | $1,436 | $2,146 |
| Earnings per common share: | |||
| Basic | $1.56 | $1.01 | $1.52 |
| Diluted | 1.55 | 1.01 | 1.50 |
| Weighted average common shares outstanding: | |||
| Basic | 1,399.3 | 1,416.8 | 1,415.7 |
| Diluted | 1,408.4 | 1,428.5 | 1,427.9 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.