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

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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.

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Keurig Dr Pepper Inc., consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable	4,950)	4,510)	4,316)	4,072)	3,976)	3,871)	3,740)	3,517)	3,377)	3,238)	3,176)	2,976)	2,909)	2,558)
Accrued expenses	1,106)	1,028)	1,110)	1,121)	1,019)	989)	1,040)	1,067)	940)	960)	939)	1,066)	869)	962)
Structured payables	145)	143)	142)	142)	144)	148)	153)	160)	182)	258)	321)	338)	595)	595)
Short-term borrowings and current portion of long-term obligations	—)	—)	304)	998)	1,323)	1,750)	2,345)	2,182)	2,256)	1,957)	1,593)	1,761)	1,806)	2,018)
Other current liabilities	560)	767)	613)	462)	455)	467)	416)	403)	543)	445)	445)	409)	516)	523)
Current liabilities	6,761)	6,448)	6,485)	6,795)	6,917)	7,225)	7,694)	7,329)	7,298)	6,858)	6,474)	6,550)	6,695)	6,656)
Long-term obligations, excluding current portion	11,555)	11,584)	11,578)	11,727)	11,721)	11,715)	11,143)	11,707)	11,849)	12,431)	12,827)	13,147)	13,164)	13,246)
Deferred tax liabilities	6,007)	6,054)	5,986)	5,940)	5,972)	6,025)	5,993)	5,945)	5,922)	5,917)	6,030)	6,022)	6,034)	5,940)
Other non-current liabilities	1,714)	1,647)	1,577)	1,463)	1,491)	1,367)	1,119)	1,103)	1,034)	997)	930)	767)	771)	775)
Non-current liabilities	19,276)	19,285)	19,141)	19,130)	19,184)	19,107)	18,255)	18,755)	18,805)	19,345)	19,787)	19,936)	19,969)	19,961)
Total liabilities	26,037)	25,733)	25,626)	25,925)	26,101)	26,332)	25,949)	26,084)	26,103)	26,203)	26,261)	26,486)	26,664)	26,617)
Preferred stock, $0.01 par value, no shares issued	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	14)	14)	14)	14)	14)	14)	14)	14)	14)	14)	14)	14)	14)	14)
Additional paid-in capital	21,701)	21,764)	21,785)	21,764)	21,743)	21,718)	21,677)	21,654)	21,624)	21,579)	21,557)	21,539)	21,524)	21,505)
Retained earnings	3,471)	3,518)	3,199)	2,621)	2,357)	2,174)	2,061)	1,845)	1,613)	1,527)	1,582)	1,388)	1,294)	1,192)
Accumulated other comprehensive income (loss)	205)	215)	(26)	6)	128)	164)	77)	(217)	(328)	(480)	104)	(27)	51)	(37)
Stockholders’ equity	25,391)	25,511)	24,972)	24,405)	24,242)	24,070)	23,829)	23,296)	22,923)	22,640)	23,257)	22,914)	22,883)	22,674)
Non-controlling interest	—)	—)	—)	—)	1)	1)	1)	1)	—)	—)	—)	—)	—)	—)
Total equity	25,391)	25,511)	24,972)	24,405)	24,243)	24,071)	23,830)	23,297)	22,923)	22,640)	23,257)	22,914)	22,883)	22,674)
Total liabilities and equity	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).

The financial position of the company between March 31, 2019, and June 30, 2022, is characterized by a gradual increase in total equity and a relatively stable total liability profile. While total liabilities and equity grew from 49,291 million to 51,428 million, the growth was primarily driven by improvements in equity rather than an increase in debt obligations.

Current Liabilities Trends: A significant upward trend is observed in accounts payable, which grew from 2,558 million in March 2019 to 4,950 million by June 2022, indicating a substantial increase in short-term obligations to suppliers. Conversely, structured payables decreased consistently from 595 million to 145 million over the same period. Short-term borrowings and current portions of long-term obligations showed volatility, peaking at 2,345 million in December 2020 before dropping sharply to 304 million by December 2021, suggesting a strategic shift in short-term debt management or the settlement of maturing obligations.
Non-Current Liabilities and Long-Term Debt: Long-term obligations, excluding the current portion, exhibited a gradual downward trajectory, declining from 13,246 million in March 2019 to 11,555 million in June 2022. Deferred tax liabilities remained remarkably stable, fluctuating narrowly around the 6,000 million mark. However, other non-current liabilities saw a steady increase, rising from 775 million to 1,714 million, which partially offset the reduction in long-term debt.
Stockholders' Equity and Retained Earnings: Total equity demonstrated a consistent growth pattern, increasing from 22,674 million to 25,391 million. The primary driver of this expansion was the growth in retained earnings, which rose from 1,192 million in March 2019 to 3,471 million by June 2022. This trend indicates a strong capacity for internal capital generation and profit accumulation. Additional paid-in capital remained relatively flat, suggesting that equity growth was organic rather than the result of new share issuances.
Overall Solvency and Capital Structure: The overall capital structure shifted toward a more equity-heavy composition. Total liabilities remained nearly flat, moving from 26,617 million to 26,037 million, while total equity increased by approximately 12%. This divergence reflects an improvement in the company's solvency profile, as the reliance on external debt decreased relative to the growth of the equity base.

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Keurig Dr Pepper Inc. (NASDAQ:KDP)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data