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.

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.

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

US$ in millions

Microsoft Excel
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
Cost of sales
Gross profit
Selling, general and administrative expenses
Gain on litigation settlement
Impairment of intangible assets
Other operating income (expense), net
Income from operations
Interest expense
Loss on early extinguishment of debt
Gain on sale of equity method investment
Impairment of investments and note receivable
Other income (expense), net
Income before provision for income taxes
(Provision) benefit for income taxes
Net income including non-controlling interest
Net loss attributable to non-controlling interest
Net income attributable to KDP

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 financial data reveals several notable trends over the analyzed quarters.

Net Sales
Net sales generally exhibited growth, increasing from $2,504 million in March 2019 to $3,554 million in June 2022. Despite some volatility, including a dip in March 2020, the overall trajectory indicates a steady upward trend.
Cost of Sales
Cost of sales increased progressively over the period, rising from $1,106 million in March 2019 to $1,778 million in June 2022. The growth in cost of sales mirrors the increase in net sales, though the rate of increase in late 2021 and early 2022 notably accelerated, contributing to margin pressure.
Gross Profit
Gross profit maintained a relatively stable trend with fluctuations reflecting changes in both sales and cost of sales. It peaked at $1,835 million in September 2021, but subsequently declined and showed variability, reaching $1,776 million in June 2022.
Selling, General and Administrative Expenses (SG&A)
SG&A expenses were relatively consistent with slight increases over the period, ranging from $911 million in March 2019 to $1,204 million in June 2022. The expenses exhibited some quarter-to-quarter fluctuations but generally remained a significant and stable cost component.
Operating Income
Income from operations fluctuated significantly, with a low of $466 million in March 2020, reflecting the impact of that period possibly related to economic conditions, followed by a peak of $966 million in March 2022. This indicates operational resilience and recovery after downturns, but then a decrease to $572 million in June 2022.
Interest Expense and Debt-related Losses
Interest expense showed a declining trend from $169 million in March 2019 to $175 million in June 2022, with some fluctuations. Notably, losses on early extinguishment of debt were inconsistent, with a significant loss of $169 million in June 2022, which could have negatively impacted net earnings in that quarter.
Other Income and Expenses
Gain on litigation settlement appeared as a substantial non-recurring gain of $299 million in March 2022. Additionally, gains from sale of equity method investments peaked at $524 million in December 2021, contributing unusually high income for that quarter. Impairments and other operating expenses fluctuated but generally had limited impact relative to main operational results.
Income Before Taxes and Tax Provision
Income before provision for income taxes showed variability aligned with operating income, peaking at $1,109 million in December 2021. Tax provision followed the fluctuations in pre-tax income but showed a notable tax benefit of $5 million in June 2022, an outlier compared to prior tax expense values.
Net Income
Net income attributable to the company demonstrated variability consistent with operating results and other income effects. There was a peak of $843 million in December 2021, supported by non-operating gains, and a marked decline to $218 million in June 2022. Overall, net income showed cyclical patterns influenced by both operational performance and extraordinary items.

In summary, the data reflects an overall growing sales base with proportional increases in costs, resulting in relatively stable gross profits. Operating income demonstrates resilience with some peaks driven by non-recurring gains. Interest expenses decreased moderately but irregular losses on debt extinguishment impacted recent quarters negatively. Net income volatility reflects operational performance compounded by significant one-time gains and impairments, underscoring the importance of distinguishing core operations from extraordinary items in evaluating profitability trends.