TAP Q2 2021 Earnings Report — Molson Coors Beverage Company Revenue & Financial Results | Market Cap Arena

Molson Coors Beverage CompanyTAP

Q2 2021 Earnings

Reported July 29, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$2.9B	—	—	—	—
Op. Income	$581M	—	—	—	—
Gross Margin	43.3%	—	—	—	—
Net Margin	13.2%	—	—	—	—
EPS (Diluted)	$1.79	—	—	—	—
Free Cash Flow	$830M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$682M
SG&A Expenses	$682M
Other Expenses	$9M
Operating Expenses	$691M
Cost & Expenses	$2.4B
OPERATING INCOME	$581M
Interest Income	$0
Interest Expense	$68M
Other Income/Expenses	-$58M
INCOME BEFORE TAX	$523M
Income Tax Expense	$132M
Net Income from Continuing Ops	$390M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$389M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$389M
D&A	$202M
EBIT	$590M
EBITDA	$791M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$682M
SG&A Expenses	$682M
Other Expenses	$9M
Operating Expenses	$691M
Cost & Expenses	$2.4B
OPERATING INCOME	$581M
Interest Income	$0
Interest Expense	$68M
Other Income/Expenses	-$58M
INCOME BEFORE TAX	$523M
Income Tax Expense	$132M
Net Income from Continuing Ops	$390M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$389M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$389M
D&A	$202M
EBIT	$590M
EBITDA	$791M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$390M
Depreciation & Amortization	$202M
Stock-Based Compensation	$8M
Deferred Income Tax	$132M
Other Non-Cash Items	-$117M
Change in Working Capital	$324M
OPERATING CASH FLOW	$939M
Capital Expenditure	-$109M
Acquisitions (Net)	$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$116M
Net Debt Issuance	-$49M
Common Stock Repurchased	$0
Common Dividends Paid	-$200.0K
Other Financing Activities	$0
NET CASH FROM FINANCING	-$49M
FREE CASH FLOW	$830M
Net Change in Cash	$776M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$750M
Other Current Assets	$457M
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$4.2B
Goodwill	$6.2B
Intangible Assets	$13.5B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$24.9B
TOTAL ASSETS	$28.5B
Account Payables	$3.4B
Short-Term Debt	$1.5B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$4.9B
Long-Term Debt	$6.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.6B
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$10.4B
TOTAL LIABILITIES	$15.3B
Common Stock	$522M
Additional Paid-In Capital	$7.0B
Retained Earnings	$7.0B
Treasury Stock	-$471M
Accum. Other Comp. Income	-$982M
Other Equity	-$56M
TOTAL STOCKHOLDERS' EQUITY	$13.0B
Minority Interest	$252M
TOTAL EQUITY	$13.2B
TOTAL LIABILITIES & EQUITY	$28.5B
Total Debt	$8.2B
Net Debt	$6.9B