Name: Keurig Dr Pepper Inc. (NASDAQ:KDP) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Keurig Dr Pepper Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	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
Cash and cash equivalents	552)	592)	567)	200)	167)	335)	240)	191)	149)	197)	75)	74)	106)	85)
Restricted cash and cash equivalents	2)	2)	1)	3)	3)	14)	15)	27)	28)	26)	26)	28)	44)	44)
Trade accounts receivable, net	1,326)	1,214)	1,148)	1,138)	1,075)	1,065)	1,048)	1,051)	1,010)	1,037)	1,115)	1,090)	1,068)	1,016)
Inventories	1,239)	1,045)	894)	972)	897)	841)	762)	824)	747)	682)	654)	751)	686)	663)
Prepaid expenses and other current assets	652)	637)	447)	490)	474)	410)	323)	323)	306)	335)	403)	326)	317)	354)
Current assets	3,771)	3,490)	3,057)	2,803)	2,616)	2,665)	2,388)	2,416)	2,240)	2,277)	2,273)	2,269)	2,221)	2,162)
Property, plant and equipment, net	2,446)	2,436)	2,494)	2,425)	2,420)	2,261)	2,212)	2,092)	2,071)	2,017)	2,028)	2,236)	2,290)	2,282)
Investments in unconsolidated affiliates	78)	29)	30)	85)	86)	88)	88)	90)	102)	105)	151)	164)	170)	172)
Goodwill	20,163)	20,243)	20,182)	20,193)	20,272)	20,209)	20,184)	20,029)	19,968)	19,898)	20,172)	20,112)	20,039)	20,077)
Other intangible assets, net	23,774)	23,889)	23,856)	23,883)	23,983)	23,949)	23,968)	23,834)	23,785)	23,706)	24,117)	24,031)	24,228)	23,988)
Other non-current assets	1,159)	1,119)	937)	901)	926)	1,187)	894)	889)	831)	811)	748)	561)	572)	584)
Deferred tax assets	37)	38)	42)	40)	41)	44)	45)	31)	29)	29)	29)	27)	27)	26)
Non-current assets	47,657)	47,754)	47,541)	47,527)	47,728)	47,738)	47,391)	46,965)	46,786)	46,566)	47,245)	47,131)	47,326)	47,129)
Total assets	51,428)	51,244)	50,598)	50,330)	50,344)	50,403)	49,779)	49,381)	49,026)	48,843)	49,518)	49,400)	49,547)	49,291)

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).

Total assets exhibited a gradual upward trajectory over the analyzed period, increasing from $49,291 million in March 2019 to $51,428 million by June 2022. The overall asset structure is characterized by a heavy concentration in non-current assets, which consistently represented the vast majority of the total balance sheet value throughout the three-year window.

Liquidity and Current Asset Growth: A significant expansion in current assets is observed, rising from $2,162 million to $3,771 million. This growth was primarily driven by a substantial increase in cash and cash equivalents, which rose from $85 million in March 2019 to $552 million by June 2022. Restricted cash, conversely, showed a steady decline, dropping from $44 million to $2 million over the same period.
Operational Working Capital Trends: Both inventories and trade accounts receivable demonstrated consistent upward trends. Inventories nearly doubled, increasing from $663 million to $1,239 million, suggesting either an expansion in operational scale or a strategic increase in safety stock. Trade accounts receivable grew from $1,016 million to $1,326 million, indicating a rise in credit sales or a lengthening of the collection cycle.
Intangible Asset Composition: The balance sheet is dominated by goodwill and other intangible assets, which together remained remarkably stable. Goodwill hovered around the $20 billion mark, and other intangible assets remained near $24 billion. The lack of significant fluctuation in these accounts suggests an absence of major impairments or large-scale new acquisitions during this period.
Non-Current Fixed and Other Assets: Property, plant, and equipment, net, showed moderate volatility, fluctuating between a low of $2,017 million in March 2020 and a high of $2,494 million in December 2021. Investments in unconsolidated affiliates experienced a general decline, falling from $172 million to $78 million. Other non-current assets grew from $584 million to $1,159 million, contributing to the overall stability of the non-current asset base.

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Keurig Dr Pepper Inc. (NASDAQ:KDP)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data