Stock Analysis on Net
Stock Analysis on Net

Keurig Dr Pepper Inc. (NASDAQ:KDP)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 28, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Keurig Dr Pepper Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable
Customer rebates & incentives
Accrued compensation
Insurance reserve
Interest accrual
Accrued professional fees
Other accrued expenses
Accrued expenses
Structured payables
Short-term borrowings and current portion of long-term obligations
Dividends payable
Income taxes payable
Current operating lease liability
Current finance lease liability
Derivative instruments
Holdback liability
Other
Other current liabilities
Current liabilities
Long-term obligations, excluding current portion
Deferred tax liabilities
Long-term pension and postretirement liability
Insurance reserves
Non-current operating lease liability
Non-current finance lease liability
Derivative instruments
Deferred compensation liability
Other
Other non-current liabilities
Non-current liabilities
Total liabilities
Preferred stock, $0.01 par value, no shares issued
Common stock, $0.01 par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Stockholders’ equity
Non-controlling interest
Total equity
Total liabilities and equity

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Accounts Payable
There is a steady increase in accounts payable as a percentage of total liabilities and equity from 4.7% in 2018 to 8.53% in 2021, indicating a growing reliance on suppliers' credit or delayed payments over time.
Customer Rebates & Incentives
This item shows a gradual upward trend from 0.7% in 2018 to 0.88% in 2021, suggesting an increase in incentives offered to customers relative to the company's capital structure.
Accrued Compensation
Accrued compensation remained relatively stable, fluctuating slightly between 0.37% and 0.45%, reflecting consistent employee-related liabilities.
Insurance Reserve and Interest Accrual
Both insurance reserve (0.08% to 0.07%) and interest accrual (declining from 0.16% to 0.11%) show slight decreases or stability, indicating consistent management of these liabilities.
Accrued Professional Fees
This liability significantly decreased from 0.23% in 2018 to a low of 0.04% in 2020 and stabilized thereafter, suggesting reduced outstanding professional expenses.
Other Accrued Expenses and Accrued Expenses
Other accrued expenses increased from 0.47% to approximately 0.65%, while total accrued expenses showed minor fluctuations but an overall slight increase from 2.07% to 2.19%. This indicates a modest increase in short-term operational liabilities.
Structured Payables
A noticeable decline in structured payables from 1.08% in 2018 to 0.28% in 2021 suggests the company is reducing this specific liability component.
Short-Term Borrowings and Current Portion of Long-Term Obligations
There was an increase from 2.98% to 4.71% between 2018 and 2020, followed by a sharp drop to 0.6% in 2021, indicating significant repayment or refinancing activities impacting short-term debt levels.
Dividends Payable
This item remained largely constant around 0.43%, with a slight increase to 0.52% in 2021, reflecting relatively steady shareholder payout obligations.
Income Taxes Payable
Income taxes payable showed variability with a low of 0.08% in 2020 and a rise to 0.28% in 2021, indicating shifting tax liabilities during this period.
Current Operating and Finance Lease Liabilities
Current operating lease liability data started in 2019 and showed minor increases from 0.14% to 0.15%. Current finance lease liability increased from 0.05% in 2018 to 0.16% in 2021, reflecting growing lease obligations.
Derivative Instruments (Current and Non-Current)
Current derivative instruments declined initially but rose to 0.08% in 2021; non-current derivatives increased substantially from 0.03% to 0.28%, indicating heightened derivative activity or exposure.
Holdback Liability and Other Current Liabilities
Holdback liability decreased and was absent in 2021, while other current liabilities increased notably from 0.83% to 1.21%, showing a rise in miscellaneous short-term obligations.
Total Current Liabilities
The percentage of current liabilities to total liabilities and equity increased from 11.66% in 2018 to a peak of 15.46% in 2020 before declining to 12.82% in 2021, reflecting shifts in the current portion of obligations.
Long-Term Obligations (Excluding Current Portion)
Long-term debt decreased from 29.03% in 2018 to 22.38% in 2020, with a slight increase to 22.88% in 2021, indicating a reduction in long-term borrowing over the period with some recent uptick.
Deferred Tax Liabilities, Pension and Postretirement, and Insurance Reserves
Deferred tax liabilities remained stable around 12%. Pension liabilities held steady at around 0.06-0.08%, and insurance reserves showed a minor upward trend from 0.12% to 0.15%.
Non-Current Operating and Finance Lease Liabilities
Non-current operating lease liability increased from 0.86% to 1.2%, and finance lease liability nearly doubled from 0.62% to 1.23%, indicative of increased long-term lease commitments.
Other Non-Current Liabilities
These liabilities rose from 1.14% to 3.12%, implying an accumulation of various long-term obligations not separately categorized elsewhere.
Total Non-Current Liabilities
The share of non-current liabilities declined from 42.28% in 2018 to 36.67% in 2020 but then increased slightly to 37.83% in 2021, reflecting changes in the structure of longer-term obligations.
Total Liabilities
Total liabilities as a percentage of total liabilities and equity decreased steadily from 53.94% in 2018 to 50.65% in 2021, indicating a modest reduction in overall leverage.
Shareholders’ Equity and Its Components
Common stock remained stable at 0.03%. Additional paid-in capital slightly decreased from 43.89% to 43.06%. Retained earnings showed a strong upward trend from 2.41% in 2018 to 6.32% in 2021, reflecting accumulated profitability or earnings retention. Accumulated other comprehensive income (loss) fluctuated between negative and positive values, ending slightly negative at -0.05% in 2021.
Total Stockholders’ Equity
The proportion of equity increased gradually from 46.06% in 2018 to 49.35% in 2021, indicating strengthening equity base relative to liabilities.