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Keurig Dr Pepper Inc. (NASDAQ:KDP)

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
Quarterly Data

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

Microsoft Excel
Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Accounts payable 9.63 8.80 8.53 8.09 7.90 7.68 7.51 7.12 6.89 6.63 6.41 6.02 5.87 5.19
Accrued expenses 2.15 2.01 2.19 2.23 2.02 1.96 2.09 2.16 1.92 1.97 1.90 2.16 1.75 1.95
Structured payables 0.28 0.28 0.28 0.28 0.29 0.29 0.31 0.32 0.37 0.53 0.65 0.68 1.20 1.21
Short-term borrowings and current portion of long-term obligations 0.00 0.00 0.60 1.98 2.63 3.47 4.71 4.42 4.60 4.01 3.22 3.56 3.65 4.09
Other current liabilities 1.09 1.50 1.21 0.92 0.90 0.93 0.84 0.82 1.11 0.91 0.90 0.83 1.04 1.06
Current liabilities 13.15% 12.58% 12.82% 13.50% 13.74% 14.33% 15.46% 14.84% 14.89% 14.04% 13.07% 13.26% 13.51% 13.50%
Long-term obligations, excluding current portion 22.47 22.61 22.88 23.30 23.28 23.24 22.38 23.71 24.17 25.45 25.90 26.61 26.57 26.87
Deferred tax liabilities 11.68 11.81 11.83 11.80 11.86 11.95 12.04 12.04 12.08 12.11 12.18 12.19 12.18 12.05
Other non-current liabilities 3.33 3.21 3.12 2.91 2.96 2.71 2.25 2.23 2.11 2.04 1.88 1.55 1.56 1.57
Non-current liabilities 37.48% 37.63% 37.83% 38.01% 38.11% 37.91% 36.67% 37.98% 38.36% 39.61% 39.96% 40.36% 40.30% 40.50%
Total liabilities 50.63% 50.22% 50.65% 51.51% 51.85% 52.24% 52.13% 52.82% 53.24% 53.65% 53.03% 53.62% 53.82% 54.00%
Preferred stock, $0.01 par value, no shares issued 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Additional paid-in capital 42.20 42.47 43.06 43.24 43.19 43.09 43.55 43.85 44.11 44.18 43.53 43.60 43.44 43.63
Retained earnings 6.75 6.87 6.32 5.21 4.68 4.31 4.14 3.74 3.29 3.13 3.19 2.81 2.61 2.42
Accumulated other comprehensive income (loss) 0.40 0.42 -0.05 0.01 0.25 0.33 0.15 -0.44 -0.67 -0.98 0.21 -0.05 0.10 -0.08
Stockholders’ equity 49.37% 49.78% 49.35% 48.49% 48.15% 47.76% 47.87% 47.18% 46.76% 46.35% 46.97% 46.38% 46.18% 46.00%
Non-controlling interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total equity 49.37% 49.78% 49.35% 48.49% 48.15% 47.76% 47.87% 47.18% 46.76% 46.35% 46.97% 46.38% 46.18% 46.00%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

The capital structure exhibits a gradual shift toward a higher proportion of equity financing and a reduction in total liabilities. Total liabilities decreased from 54.00% of total liabilities and equity in March 2019 to 50.63% by June 2022. Concurrently, total equity grew from 46.00% to 49.37% over the same period, indicating a strengthened solvency position and a reduction in overall financial leverage.

Current Liabilities Analysis
A notable increase is observed in accounts payable, which rose steadily from 5.19% in March 2019 to 9.63% in June 2022. This suggests an increased reliance on trade credit to fund operations. In contrast, short-term borrowings and the current portion of long-term obligations showed a significant downward trend, falling from a peak of 4.71% in December 2020 to 0.60% by December 2021, before the data for this specific line item ceased. Overall current liabilities remained relatively stable, fluctuating within a narrow range between 12.58% and 15.46%.
Non-Current Liabilities Analysis
Long-term obligations, excluding the current portion, demonstrated a consistent decline, moving from 26.87% in March 2019 to 22.47% in June 2022. Deferred tax liabilities remained remarkably stable, maintaining a range between 11.68% and 12.19%. However, other non-current liabilities increased from 1.57% to 3.33%, offsetting some of the reductions in long-term debt. The total proportion of non-current liabilities declined from 40.50% to 37.48%.
Stockholders' Equity Analysis
The composition of equity shifted toward internally generated funds. Retained earnings showed the most significant growth, increasing from 2.42% in March 2019 to 6.75% in June 2022, reflecting consistent profitability and the reinvestment of earnings back into the company. Additional paid-in capital experienced a slight decline from 43.63% to 42.20%, suggesting that the growth in total equity was driven primarily by retained earnings rather than new capital contributions.

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