TAP Q2 2019 Earnings Report — Molson Coors Beverage Company Revenue & Financial Results | Market Cap Arena

Molson Coors Beverage CompanyTAP

Q2 2019 Earnings

Reported July 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$2.9B	—	—	—	—
Op. Income	$469M	—	—	—	—
Gross Margin	40.3%	—	—	—	—
Net Margin	11.2%	—	—	—	—
EPS (Diluted)	$1.52	—	—	—	—
Free Cash Flow	$814M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$770M
SG&A Expenses	$770M
Other Expenses	-$50M
Operating Expenses	$720M
Cost & Expenses	$2.5B
OPERATING INCOME	$469M
Interest Income	$0
Interest Expense	$65M
Other Income/Expenses	-$68M
INCOME BEFORE TAX	$401M
Income Tax Expense	$70M
Net Income from Continuing Ops	$330M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$329M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$329M
D&A	$217M
EBIT	$419M
EBITDA	$636M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$770M
SG&A Expenses	$770M
Other Expenses	-$50M
Operating Expenses	$720M
Cost & Expenses	$2.5B
OPERATING INCOME	$469M
Interest Income	$0
Interest Expense	$65M
Other Income/Expenses	-$68M
INCOME BEFORE TAX	$401M
Income Tax Expense	$70M
Net Income from Continuing Ops	$330M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$329M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$329M
D&A	$217M
EBIT	$419M
EBITDA	$636M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$330M
Depreciation & Amortization	$217M
Stock-Based Compensation	$7M
Deferred Income Tax	$70M
Other Non-Cash Items	-$22M
Change in Working Capital	$324M
OPERATING CASH FLOW	$927M
Capital Expenditure	-$113M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$139M
NET CASH FROM INVESTING	$27M
Net Debt Issuance	-$613M
Common Stock Repurchased	$0
Common Dividends Paid	-$89M
Other Financing Activities	$800.0K
NET CASH FROM FINANCING	-$701M
FREE CASH FLOW	$814M
Net Change in Cash	$256M

Balance Sheet

Item	Amount
Cash & Equivalents	$490M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$698M
Other Current Assets	$304M
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$4.5B
Goodwill	$8.3B
Intangible Assets	$13.8B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$900M
TOTAL NON-CURRENT ASSETS	$27.5B
TOTAL ASSETS	$30.1B
Account Payables	$3.0B
Short-Term Debt	$1.0B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$8.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.2B
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$11.8B
TOTAL LIABILITIES	$15.9B
Common Stock	$663M
Additional Paid-In Capital	$6.8B
Retained Earnings	$8.1B
Treasury Stock	-$471M
Accum. Other Comp. Income	-$1.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.9B
Minority Interest	$246M
TOTAL EQUITY	$14.1B
TOTAL LIABILITIES & EQUITY	$30.1B
Total Debt	$9.6B
Net Debt	$9.1B