Name: Keurig Dr Pepper Inc. (NASDAQ:KDP) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Download chart

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

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable	4,316)	3,740)	3,176)	2,300)
Customer rebates & incentives	446)	382)	362)	342)
Accrued compensation	227)	215)	183)	214)
Insurance reserve	33)	35)	39)	37)
Interest accrual	55)	57)	54)	77)
Accrued professional fees	19)	21)	31)	113)
Other accrued expenses	330)	330)	270)	229)
Accrued expenses	1,110)	1,040)	939)	1,012)
Structured payables	142)	153)	321)	526)
Short-term borrowings and current portion of long-term obligations	304)	2,345)	1,593)	1,458)
Dividends payable	265)	212)	212)	209)
Income taxes payable	144)	39)	75)	60)
Current operating lease liability	76)	72)	69)	—)
Current finance lease liability	79)	44)	41)	26)
Derivative instruments	39)	25)	12)	34)
Holdback liability	—)	15)	25)	44)
Other	10)	9)	11)	33)
Other current liabilities	613)	416)	445)	406)
Current liabilities	6,485)	7,694)	6,474)	5,702)
Long-term obligations, excluding current portion	11,578)	11,143)	12,827)	14,201)
Deferred tax liabilities	5,986)	5,993)	6,030)	5,923)
Long-term pension and postretirement liability	40)	38)	29)	30)
Insurance reserves	75)	72)	66)	57)
Non-current operating lease liability	608)	580)	427)	—)
Non-current finance lease liability	621)	298)	269)	305)
Derivative instruments	143)	18)	4)	16)
Deferred compensation liability	43)	41)	40)	44)
Other	47)	72)	95)	107)
Other non-current liabilities	1,577)	1,119)	930)	559)
Non-current liabilities	19,141)	18,255)	19,787)	20,683)
Total liabilities	25,626)	25,949)	26,261)	26,385)
Preferred stock, $0.01 par value, no shares issued	—)	—)	—)	—)
Common stock, $0.01 par value	14)	14)	14)	14)
Additional paid-in capital	21,785)	21,677)	21,557)	21,471)
Retained earnings	3,199)	2,061)	1,582)	1,178)
Accumulated other comprehensive income (loss)	(26)	77)	104)	(130)
Stockholders’ equity	24,972)	23,829)	23,257)	22,533)
Non-controlling interest	—)	1)	—)	—)
Total equity	24,972)	23,830)	23,257)	22,533)
Total liabilities and equity	50,598)	49,779)	49,518)	48,918)

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).

The financial position of the company between 2018 and 2021 is characterized by a gradual reduction in total liabilities and a consistent increase in total stockholders' equity. Total liabilities decreased from 26,385 million USD in 2018 to 25,626 million USD in 2021, while total equity rose from 22,533 million USD to 24,972 million USD over the same period. This trend indicates a strengthening of the company's solvency and a shift toward a more equity-funded capital structure.

Current Liability Trends: A significant upward trend is observed in accounts payable, which increased from 2,300 million USD in 2018 to 4,316 million USD in 2021. Conversely, short-term borrowings and current portions of long-term obligations exhibited high volatility, peaking at 2,345 million USD in 2020 before dropping sharply to 304 million USD in 2021. This suggests a potential restructuring of short-term debt or a substantial repayment event occurring in the final year of the period.
Non-Current Liability Analysis: Long-term obligations, excluding the current portion, showed a general downward trajectory from 14,201 million USD in 2018 to 11,578 million USD in 2021, despite a slight increase between 2020 and 2021. Deferred tax liabilities remained relatively stable, hovering around 6,000 million USD throughout the four-year window. Other non-current liabilities showed a steady increase, rising from 559 million USD in 2018 to 1,577 million USD in 2021.
Equity and Retained Earnings Growth: Stockholders' equity experienced steady growth, increasing by approximately 10.8% over the period. This growth was primarily driven by a substantial increase in retained earnings, which rose from 1,178 million USD in 2018 to 3,199 million USD in 2021. This progression reflects consistent profitability and the reinvestment of earnings back into the company.
Overall Capital Structure Observations: The total liabilities and equity balance grew from 48,918 million USD in 2018 to 50,598 million USD in 2021. The simultaneous decrease in total liabilities and increase in equity indicates a reduction in financial leverage, potentially lowering the company's risk profile and improving its long-term financial stability.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?