Keurig Dr Pepper Inc
For the period ended Jun 30, 2024. Filed Jul 25, 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.
Jun 30, 2024 · Filed Jul 25, 2024
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Investments
- Investments
The following table summarizes our investments in unconsolidated affiliates:
| June 30, | December 31, | |
|---|---|---|
| (in millions) | 2024 | 2023 |
| Nutrabolt(1) | $1,025 | $960 |
| Chobani | 308 | 307 |
| Tractor(2) | 60 | 44 |
| Athletic Brewing | 50 | 50 |
| Beverage startup companies | 5 | 5 |
| Other | 20 | 21 |
| Investments in unconsolidated affiliates | $1,468 | $1,387 |
(1)We hold a 34.9% interest on an as-converted basis in Nutrabolt, consisting of 32.0% in Class A preferred shares acquired through our December 2022 investment, which are treated as in-substance common stock, and 2.9% in Class B common shares earned through the achievement of certain milestones included in our distribution agreement with Nutrabolt.
(2)In May 2024, we modified our sales agent contract with Tractor. In exchange, we received additional equity interests, raising our total interest to 23.0% as of June 30, 2024.
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