Keurig Dr Pepper Inc
For the period ended Sep 30, 2024. Filed Oct 24, 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 Oct 24, 2024
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Investments
- Investments
The following table summarizes our investments in unconsolidated affiliates:
| September 30, | December 31, | |
|---|---|---|
| (in millions) | 2024 | 2023 |
| Nutrabolt(1) | $1,054 | $960 |
| Chobani | 309 | 307 |
| Tractor(2) | 58 | 44 |
| Athletic Brewing | 47 | 50 |
| Beverage startup companies | 5 | 5 |
| Other | 19 | 21 |
| Investments in unconsolidated affiliates | $1,492 | $1,387 |
(1)We hold a 35.0% interest on an as-converted basis in Nutrabolt, consisting of 31.4% in Class A preferred shares acquired through our December 2022 investment, which are treated as in-substance common stock, and 3.6% 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 September 30, 2024.
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