10-Q Filing

KEURIG DR PEPPER INC. CIK: 1418135 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001418135-18-000009`
Period End Date	20180331
Filing Date	20180425
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	dps-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 40 Cash Flow Statement 74 Stockholders Equity 10 Comprehensive Income 2

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.00M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$176.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.79B	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted Cash and Cash Equivalents, Current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$18.00M	USD	Point-in-time
Restricted Cash and Cash Equivalents, Current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$16.00M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
Trade, net	`AccountsReceivableNetCurrent`	$668.00M	USD	Point-in-time
Trade, net	`AccountsReceivableNetCurrent`	$700.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
Other	`OtherReceivables`	$42.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	179.74M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	180.22M	shares	Point-in-time
Other	`OtherReceivables`	$49.00M	USD	Point-in-time
Inventories	`InventoryNet`	$229.00M	USD	Point-in-time
Inventories	`InventoryNet`	$243.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	180.22M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	179.74M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$99.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$225.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.25B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.12B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.20B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.20B	USD	Point-in-time
Investments in unconsolidated subsidiaries	`EquityMethodInvestments`	$24.00M	USD	Point-in-time
Investments in unconsolidated subsidiaries	`EquityMethodInvestments`	$36.00M	USD	Point-in-time
Goodwill	`Goodwill`	$3.56B	USD	Point-in-time
Goodwill	`Goodwill`	$3.56B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.78B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.78B	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$286.00M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$279.00M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$62.00M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$65.00M	USD	Point-in-time
Total assets	`Assets`	$10.02B	USD	Point-in-time
Total assets	`Assets`	$10.18B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$365.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$377.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$64.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$64.00M	USD	Point-in-time
Short-term borrowings and current portion of long-term obligations	`DebtCurrent`	$383.00M	USD	Point-in-time
Short-term borrowings and current portion of long-term obligations	`DebtCurrent`	$79.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$39.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$11.00M	USD	Point-in-time
Other current liabilities	`AccruedLiabilitiesCurrent`	$761.00M	USD	Point-in-time
Other current liabilities	`AccruedLiabilitiesCurrent`	$719.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.24B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.62B	USD	Point-in-time
Long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$4.40B	USD	Point-in-time
Long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$4.13B	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$614.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$623.00M	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$1.05B	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$1.04B	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$264.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$273.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.69B	USD	Point-in-time
Total liabilities	`Liabilities`	$7.57B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 800,000,000 shares authorized, 180,218,713 and 179,743,028 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$2.00M	USD	Point-in-time
Common stock, $0.01 par value, 800,000,000 shares authorized, 180,218,713 and 179,743,028 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$2.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.65B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.67B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-229.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-183.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-202.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.45B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.49B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.18B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.02B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.51B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.59B	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$681.00M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$607.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$913.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$903.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$620.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$626.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$25.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$27.00M	USD	1 Quarter
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$-1.00M	USD	1 Quarter
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$28.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$286.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$259.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$41.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$40.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Income before provision for income taxes and equity in loss of unconsolidated subsidiaries	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$248.00M	USD	1 Quarter
Income before provision for income taxes and equity in loss of unconsolidated subsidiaries	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$219.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$71.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$54.00M	USD	1 Quarter
Income before equity in loss of unconsolidated subsidiaries	`IncomeLossFromContinuingOperations`	$165.00M	USD	1 Quarter
Income before equity in loss of unconsolidated subsidiaries	`IncomeLossFromContinuingOperations`	$177.00M	USD	1 Quarter
Equity in loss of unconsolidated subsidiaries, net of tax	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Equity in loss of unconsolidated subsidiaries, net of tax	`IncomeLossFromEquityMethodInvestments`	$-6.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$177.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$159.00M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.88	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.88	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	183.40M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	179.90M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	180.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	184.60M	shares	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.58	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.58	USD	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$177.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$159.00M	USD	1 Quarter
Depreciation expense	`Depreciation`	$50.00M	USD	1 Quarter
Depreciation expense	`Depreciation`	$49.00M	USD	1 Quarter
Amortization expense	`OtherAmortizationOfDeferredCharges`	$9.00M	USD	1 Quarter
Amortization expense	`OtherAmortizationOfDeferredCharges`	$11.00M	USD	1 Quarter
Amortization of deferred revenue	`RecognitionOfDeferredRevenue`	$16.00M	USD	1 Quarter
Amortization of deferred revenue	`RecognitionOfDeferredRevenue`	$16.00M	USD	1 Quarter
Employee stock-based compensation expense	`ShareBasedCompensation`	$10.00M	USD	1 Quarter
Employee stock-based compensation expense	`ShareBasedCompensation`	$6.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$30.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$20.00M	USD	1 Quarter
Gain on step acquisition of unconsolidated subsidiaries	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	-	USD	1 Quarter
Gain on step acquisition of unconsolidated subsidiaries	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	$28.00M	USD	1 Quarter
Unrealized (gain) loss on derivatives	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-11.00M	USD	1 Quarter
Unrealized (gain) loss on derivatives	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$5.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-4.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-9.00M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.00M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.00M	USD	1 Quarter
Other accounts receivable	`IncreaseDecreaseInOtherReceivables`	$7.00M	USD	1 Quarter
Other accounts receivable	`IncreaseDecreaseInOtherReceivables`	$-5.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$16.00M	USD	1 Quarter
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$85.00M	USD	1 Quarter
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$139.00M	USD	1 Quarter
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.00M	USD	1 Quarter
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-92.00M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$19.00M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.00M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$20.00M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$27.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$97.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$103.00M	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesGross`	$1.55B	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesGross`	$2.00M	USD	1 Quarter
Cash acquired in step acquisition of unconsolidated subsidiaries	`CashAcquiredFromAcquisition`	$3.00M	USD	1 Quarter
Cash acquired in step acquisition of unconsolidated subsidiaries	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.00M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$41.00M	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.00M	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.00M	USD	1 Quarter
Investment in unconsolidated subsidiaries	`PaymentsToAcquireEquityMethodInvestments`	$19.00M	USD	1 Quarter
Investment in unconsolidated subsidiaries	`PaymentsToAcquireEquityMethodInvestments`	$1.00M	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00M	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$7.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$4.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-68.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.57B	USD	1 Quarter
Net issuance of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$54.00M	USD	1 Quarter
Net issuance of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	-	USD	1 Quarter
Repurchase of shares of common stock	`PaymentsForRepurchaseOfCommonStock`	$28.00M	USD	1 Quarter
Repurchase of shares of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$104.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$97.00M	USD	1 Quarter
Tax withholdings related to net share settlements of certain stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$21.00M	USD	1 Quarter
Tax withholdings related to net share settlements of certain stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$30.00M	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$2.00M	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$17.00M	USD	1 Quarter
Deferred financing charges paid	`PaymentsOfFinancingCosts`	$1.00M	USD	1 Quarter
Deferred financing charges paid	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Capital lease payments	`PaymentsforCapitalLeases`	$4.00M	USD	1 Quarter
Capital lease payments	`PaymentsforCapitalLeases`	$3.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-73.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-142.00M	USD	1 Quarter
Operating, investing and financing activities	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.61B	USD	1 Quarter
Operating, investing and financing activities	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-38.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.00M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$176.00M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.00M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.79B	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$121.00M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.58	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.58	USD	1 Quarter
Total equity at beginning of period	`StockholdersEquity`	$2.45B	USD	Point-in-time
Total equity at beginning of period	`StockholdersEquity`	$2.49B	USD	Point-in-time
Net income	`NetIncomeLoss`	$177.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$159.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$27.00M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$19.00M	USD	1 Quarter
Total equity at end of period	`StockholdersEquity`	$2.45B	USD	Point-in-time
Total equity at end of period	`StockholdersEquity`	$2.49B	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$178.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$200.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.