MOLSON COORS BEVERAGE CO

Listed Company

TAP-ACIK 0000024545NYSELarge AcceleratedMalt BeveragesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$13.04B

Net Income

$-2.14B

Total Assets

$22.74B

Equity

$10.23B

Shares Out

Op. Cash Flow

$1.78B

Business

Molson Coors Beverage Company is principally a holding company that produces, markets and distributes beer and a growing portfolio of beverages through its operating subsidiaries. It offers core power beers (e.g., Coors Light, Miller Lite, Molson Canadian), above-premium and economy beer brands, flavored beverages and hard seltzers, spirits, non‑alcoholic drinks and partner brands via licensing, distribution and joint ventures. The company reports through two segments, Americas and EMEA&APAC, each managing manufacturing, marketing, distribution and sales. It sells across the U.S., Canada, Latin America, Europe, the Middle East, Africa and Asia Pacific via distributors, retailers, exports, licenses and direct channels.

Summary from filing dated 2025-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales	13,040	13,734	13,885	12,808	12,450
Excise taxes	−1,900	−2,107	−2,183	−2,107	−2,170
Net sales	11,141	11,627	11,702	10,701	10,280
Cost of goods sold	−6,866	−7,094	−7,333	−7,046	−6,226
Gross profit	4,275	4,533	4,369	3,655	4,053
Marketing, general and administrative expenses	−2,644	−2,718	−2,780	−2,619	−2,555
Goodwill impairment	−3,646	0	0	−845	0
Other operating income (expense), net	−335	−65	−163	−39	−45
Equity income (loss)	13	3	12	5	0
Operating income (loss)	−2,337	1,753	1,438	158	1,454
Interest expense	−248	−283	−234	−251	—
Interest income	21	35	25	4	2
Other pension and postretirement benefit (cost), net	14	−5	10	37	46
Other non-operating income (expense), net	32	2	13	−10	−4
Total non-operating income (expense), net	−181	−250	−186	−220	−215
Income (loss) before income taxes	−2,518	1,503	1,253	−63	1,239
Income tax benefit (expense)	338	−345	−296	−124	−231
Net income (loss)	−2,180	1,158	956	−187	1,009
Net (income) loss attributable to noncontrolling interests	41	−35	−8	11	−3
Net income (loss) attributable to Molson Coors Beverage Company	−2,140	1,122	949	−175	1,006
Basic (in dollars per share)	−10.75	5.38	4.39	−0.81	—
Diluted (in dollars per share)	−10.75	5.35	4.37	−0.81	—
Basic (in shares)	199	209	216	217	217
Dilutive effect of share-based awards (in shares)	0	1	1	0	500,000
Diluted (in shares)	199	210	217	217	218

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	897	969	869	600	637
Trade receivables, net	703	693	758	740	679
Other receivables, net	187	150	122	126	201
Inventories, net	716	728	802	793	805
Other current assets, net	433	308	298	379	457
Total current assets	2,936	2,848	2,849	2,638	2,779
Property, plant and equipment, net	4,769	4,460	4,445	4,223	4,192
Goodwill	1,945	5,582	5,325	5,292	6,153
Other intangibles, net	11,991	12,195	12,615	12,800	13,287
Other assets	1,098	978	1,142	916	1,209
Total assets	22,738	26,064	26,375	25,868	27,619
Accounts payable and other current liabilities	2,877	3,013	3,181	2,978	3,107
Current portion of long-term debt and short-term borrowings	2,434	32	912	397	515
Total current liabilities	5,311	3,045	4,093	3,375	3,622
Long-term debt	3,865	6,114	5,312	6,165	6,647
Pension and postretirement benefits	427	417	466	473	654
Deferred tax liabilities	2,285	2,733	2,697	2,646	2,705
Other liabilities	308	302	372	293	327
Total liabilities	12,196	12,612	12,940	12,953	13,955
Commitments and contingencies (Note 13)	—	—	—	—	—
Redeemable noncontrolling interest	116	169	28	0	—
Preferred stock, $0.01 par value (authorized: 25.0 shares; none issued)	0	0	0	0	0
Paid-in capital	7,247	7,224	7,108	7,006	6,971
Retained earnings	5,724	8,238	7,484	6,894	7,402
Accumulated other comprehensive income (loss)	−1,072	−1,362	−1,116	−1,206	−1,006
Class B common stock held in treasury at cost (37.7 shares and 24.8 shares, respectively)	−2,039	−1,381	−736	—	—
Total Molson Coors Beverage Company stockholders' equity	10,230	13,092	13,196	12,690	13,417
Noncontrolling interests	197	192	211	226	247
Total equity	10,427	13,284	13,407	12,915	13,664
Total liabilities and equity	22,738	26,064	26,375	25,868	27,619

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	711	759	683	685	786
Amortization of cloud computing arrangements	14	11	8	—	—
Amortization of debt issuance costs and discounts	5	5	6	8	7
Interest expense related to mandatorily redeemable noncontrolling interest	0	47	0	0	—
Share-based compensation	35	43	45	34	32
(Gain) loss on sale or impairment of property, plant, equipment and other assets, net	263	52	182	19	9
Unrealized (gain) loss on foreign currency fluctuations and derivative instruments, net	−82	−29	88	236	−234
Income tax (benefit) expense	−338	345	296	124	231
Income tax (paid) received	−131	−227	−245	−77	−227
Interest expense, excluding amortization of debt issuance costs and discounts and mandatorily redeemable noncontrolling interest	243	231	228	243	—
Interest paid	−241	−216	−229	−240	−256
Other non-cash items, net	−600,000	−77	0	0	—
Receivables	48	40	−700,000	−109	−138
Inventories	65	55	22	−65	−144
Payables and other current liabilities	−285	−234	50	−16	286
Other assets and other liabilities	25	−50	1	6	−40
Net cash provided by (used in) operating activities	1,784	1,910	2,079	1,502	1,574
Additions to property, plant and equipment	−717	−674	−672	−661	−523
Proceeds from sales of property, plant, equipment and other assets	16	25	11	32	26
Acquisition of business, net of cash acquired	−22	−9	−64	0	0
Other, net	−99	10	−117	4	−13
Net cash provided by (used in) investing activities	−822	−648	−842	−625	−510
Dividends paid	−376	−369	−355	−329	−148
Payments for purchases of treasury stock	−648	−643	−206	−52	0
Payments on debt and borrowings	−13	−884	−405	−509	−1,007
Proceeds on debt and borrowings	0	864	7	7	0
Other, net	−20	−106	−23	−3	−24
Net cash provided by (used in) financing activities	−1,057	−1,138	−981	−890	−1,172
Effect of foreign exchange rate changes on cash and cash equivalents	22	−24	13	−25	−24
Net increase (decrease) in cash and cash equivalents	−73	100	269	−37	−133

Filings

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