Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Keurig Dr Pepper Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	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
Net sales	3,554)	3,078)	3,391)	3,250)	3,140)	2,902)	3,121)	3,020)	2,864)	2,613)	2,934)	2,870)	2,812)	2,504)
Cost of sales	(1,778)	(1,428)	(1,619)	(1,415)	(1,370)	(1,302)	(1,353)	(1,316)	(1,302)	(1,161)	(1,241)	(1,245)	(1,186)	(1,106)
Gross profit	1,776)	1,650)	1,772)	1,835)	1,770)	1,600)	1,768)	1,704)	1,562)	1,452)	1,693)	1,625)	1,626)	1,398)
Selling, general and administrative expenses	(1,204)	(1,018)	(1,113)	(1,040)	(1,039)	(961)	(1,000)	(949)	(1,001)	(1,028)	(1,011)	(1,012)	(1,028)	(911)
Gain on litigation settlement	—)	299)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Impairment of intangible assets	—)	—)	—)	—)	—)	—)	(67)	—)	—)	—)	—)	—)	—)	—)
Other operating income (expense), net	—)	35)	66)	—)	3)	1)	(1)	(2)	—)	42)	31)	(33)	(11)	11)
Income from operations	572)	966)	725)	795)	734)	640)	700)	753)	561)	466)	713)	580)	587)	498)
Interest expense	(175)	(188)	(119)	(116)	(125)	(140)	(146)	(148)	(157)	(153)	(157)	(158)	(170)	(169)
Loss on early extinguishment of debt	(169)	(48)	—)	—)	—)	(105)	—)	—)	(2)	(2)	(2)	—)	—)	(9)
Gain on sale of equity method investment	—)	50)	524)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Impairment of investments and note receivable	(6)	(6)	(17)	—)	—)	—)	—)	(16)	—)	(86)	—)	—)	—)	—)
Other income (expense), net	(9)	(9)	(4)	(1)	4)	3)	4)	(5)	4)	(20)	(4)	(9)	(1)	(5)
Income before provision for income taxes	213)	765)	1,109)	678)	613)	398)	558)	584)	406)	205)	550)	413)	416)	315)
(Provision) benefit for income taxes	5)	(180)	(266)	(149)	(165)	(73)	(130)	(141)	(108)	(49)	(144)	(109)	(102)	(85)
Net income including non-controlling interest	218)	585)	843)	529)	448)	325)	428)	443)	298)	156)	406)	304)	314)	230)
Net loss attributable to non-controlling interest	—)	—)	—)	1)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Net income attributable to KDP	218)	585)	843)	530)	448)	325)	428)	443)	298)	156)	406)	304)	314)	230)

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).

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Keurig Dr Pepper Inc. net sales decreased from Q4 2021 to Q1 2022 but then increased from Q1 2022 to Q2 2022 exceeding Q4 2021 level.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	Keurig Dr Pepper Inc. income from operations increased from Q4 2021 to Q1 2022 but then decreased significantly from Q1 2022 to Q2 2022.
Income before provision for income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Keurig Dr Pepper Inc. income before provision for income taxes decreased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
Net income attributable to KDP	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Keurig Dr Pepper Inc. net income attributable to KDP decreased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Keurig Dr Pepper Inc. (NASDAQ:KDP)

Income StatementQuarterly Data

Income Statement
Quarterly Data