Molson Coors Beverage (TAP.A) Financials

$61.01 -4.81 (-7.31%)

Closing price 04/15/2025 03:55 PM Eastern

Extended Trading

$61.01 0.00 (0.00%)

As of 04/15/2025 04:20 PM Eastern

Annual Income Statements for Molson Coors Beverage

This table shows Molson Coors Beverage's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	395	1,594	1,566	1,117	242	-949	1,006	-175	949	1,122
Consolidated Net Income / (Loss)	399	1,603	1,588	1,135	246	-946	1,009	-187	956	1,158
Net Income / (Loss) Continuing Operations	395	1,600	1,588	1,135	246	-946	1,009	-187	956	1,158
Total Pre-Tax Income	456	3,054	1,383	1,360	480	-644	1,239	-63	1,253	1,503
Total Operating Income	567	3,323	1,678	1,632	764	-409	1,454	158	1,438	1,753
Total Gross Profit	1,436	1,886	4,766	4,185	4,201	3,768	4,053	3,655	4,369	4,533
Total Revenue	3,568	6,597	13,472	13,338	13,009	11,724	12,450	12,808	13,885	13,734
Operating Revenue	3,568	6,597	13,472	13,338	13,009	11,724	12,450	12,808	13,885	13,734
Total Cost of Revenue	2,132	4,711	8,705	9,153	8,808	7,956	8,397	9,152	9,516	9,201
Operating Cost of Revenue	2,132	4,711	8,705	9,153	8,808	7,956	8,397	9,152	9,516	9,201
Total Operating Expenses	869	-1,437	3,088	2,553	3,437	4,177	2,599	3,502	2,943	2,783
Selling, General & Admin Expense	1,038	1,597	3,052	2,803	2,728	2,693	2,555	2,619	2,780	2,718
Other Operating Expenses / (Income)	-	-	-	-	-	-	45	39	163	65
Impairment Charge	-	-	-	-	-	1,484	0.00	845	0.00	0.00
Total Other Income / (Expense), net	-111	-269	-295	-272	-285	-235	-215	-215	-174	-248
Interest Expense	120	272	349	306	281	275	260	251	234	283
Interest & Investment Income	8.30	27	6.00	8.00	11	3.30	2.00	9.00	37	38
Other Income / (Expense), net	0.90	-24	49	26	-15	36	43	26	23	-2.90
Income Tax Expense	62	1,454	-205	225	234	302	231	124	296	345
Net Income / (Loss) Attributable to Noncontrolling Interest	3.30	5.90	22	18	4.50	3.30	2.80	-11	7.50	35
Basic Earnings per Share	$2.13	-	-	-	$1.12	($4.38)	$4.63	($0.81)	$4.39	$5.38
Weighted Average Basic Shares Outstanding	185.30M	212M	215.40M	216M	216.60M	216.80M	217.10M	216.90M	216M	208.80M
Diluted Earnings per Share	$2.12	-	-	-	$1.11	($4.38)	$4.62	($0.81)	$4.37	$5.35
Weighted Average Diluted Shares Outstanding	186.40M	213.40M	216.50M	216.60M	216.90M	216.80M	217.60M	216.90M	217.30M	209.90M
Weighted Average Basic & Diluted Shares Outstanding	185.30M	213.80M	219.90M	216.17M	216.38M	216.80M	203.16M	202.59M	200.57M	192.72M
Cash Dividends to Common per Share	$1.64	$0.00	$1.64	$1.64	$1.96	$0.57	$0.68	$1.52	$1.64	$1.76

This table shows Molson Coors Beverage's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	216	-591	73	342	431	103	208	427	200	288
Consolidated Net Income / (Loss)	218	-590	73	346	432	106	210	425	229	294
Net Income / (Loss) Continuing Operations	218	-590	73	346	432	106	210	425	229	294
Total Pre-Tax Income	273	-564	102	441	544	166	265	560	331	346
Total Operating Income	330	-512	158	489	592	199	314	600	451	388
Total Gross Profit	984	924	771	1,219	1,346	1,033	964	1,330	1,203	1,038
Total Revenue	3,517	3,145	2,775	3,871	3,906	3,333	3,049	3,838	3,603	3,244
Operating Revenue	3,517	3,145	2,775	3,871	3,906	3,333	3,049	3,838	3,603	3,244
Total Cost of Revenue	2,534	2,222	2,004	2,652	2,559	2,300	2,086	2,508	2,401	2,206
Operating Cost of Revenue	2,534	2,222	2,004	2,652	2,559	2,300	2,086	2,508	2,401	2,206
Total Operating Expenses	654	1,440	613	730	754	846	649	730	751	652
Selling, General & Admin Expense	660	548	615	735	747	683	655	729	685	650
Other Operating Expenses / (Income)	-6.40	-	-2.50	-4.50	7.20	163	-5.40	1.80	67	2.40
Total Other Income / (Expense), net	-57	-48	-56	-47	-48	-22	-49	-40	-120	-39
Interest & Investment Income	-59	198	-59	-55	-49	200	-48	-51	-93	231
Other Income / (Expense), net	1.60	5.10	2.80	7.20	0.60	12	-0.50	12	-27	13
Income Tax Expense	55	26	29	95	112	60	56	135	103	53
Net Income / (Loss) Attributable to Noncontrolling Interest	1.70	0.70	0.70	3.70	0.90	2.20	2.10	-1.70	29	5.90
Basic Earnings per Share	$1.00	-	$0.33	$1.58	$1.99	$0.49	$0.98	$2.03	$0.96	$1.41
Weighted Average Basic Shares Outstanding	216.80M	216.90M	216.50M	216.40M	216.10M	216M	212.70M	210M	207.20M	208.80M
Diluted Earnings per Share	$0.99	-	$0.33	$1.57	$1.98	$0.49	$0.97	$2.03	$0.96	$1.39
Weighted Average Diluted Shares Outstanding	217.60M	216.90M	217.30M	217.80M	217.60M	217.30M	214.20M	210.80M	208M	209.90M
Weighted Average Basic & Diluted Shares Outstanding	202.71M	202.59M	202.95M	203.52M	203.56M	200.57M	199.83M	195.15M	196.13M	192.72M

This table details how cash moves in and out of Molson Coors Beverage's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-150	158	-168	653	-543	247	-133	-37	269	100
Net Cash From Operating Activities	716	1,127	1,866	2,331	1,897	1,696	1,574	1,502	2,079	1,910
Net Cash From Continuing Operating Activities	720	1,127	1,866	2,331	1,897	1,696	1,574	1,502	2,075	1,910
Net Income / (Loss) Continuing Operations	399	1,600	1,588	1,135	246	-946	1,009	-187	956	1,158
Consolidated Net Income / (Loss)	399	1,600	1,588	1,135	246	-946	1,009	-187	956	1,158
Depreciation Expense	314	388	813	858	859	922	786	685	683	759
Amortization Expense	11	329	23	13	286	274	260	251	5.70	5.30
Non-Cash Adjustments To Reconcile Net Income	224	-1,363	-264	481	534	1,369	-445	936	350	243
Changes in Operating Assets and Liabilities, net	-229	173	-293	-154	-28	76	-36	-183	80	-255
Net Cash From Investing Activities	-335	-12,287	-538	-669	-433	-414	-510	-625	-842	-648
Net Cash From Continuing Investing Activities	-335	-12,287	-538	-669	-433	-414	-510	-625	-842	-648
Purchase of Property, Plant & Equipment	-275	-342	-600	-652	-594	-575	-523	-661	-672	-674
Acquisitions	-91	-11,961	-	0.00	-	-	0.00	0.00	-64	-8.60
Sale of Property, Plant & Equipment	12	175	61	33	116	159	26	32	11	25
Other Investing Activities, net	21	8.50	0.90	-50	45	2.40	-13	4.10	-117	10
Net Cash From Financing Activities	-532	11,318	-1,496	-1,009	-2,007	-1,070	-1,172	-890	-981	-1,138
Net Cash From Continuing Financing Activities	-532	11,318	-1,496	-1,009	-2,007	-1,070	-1,172	-890	-981	-1,138
Repayment of Debt	-820	-327	-3,057	-694	-1,587	-951	-1,029	-516	-428	-990
Repurchase of Common Equity	-150	0.00	-	0.00	-	0.00	0.00	-52	-206	-643
Payment of Dividends	-303	-353	-353	-354	-424	-125	-148	-329	-355	-369
Issuance of Debt	707	9,461	1,910	23	3.00	1.50	0.00	7.00	7.00	864
Other Net Changes in Cash	-	-	-	-	-	-	-	-	13	-24
Cash Interest Paid	-	-	-	-	-	-	-	-	229	216
Cash Income Taxes Paid	-	-	-	-	-	-	-	-	245	227

This table details how cash moves in and out of Molson Coors Beverage's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	83	75	-272	633	-159	67	-411	1,189	-626	-52
Net Cash From Operating Activities	451	385	3.40	891	710	475	25	869	521	495
Net Cash From Continuing Operating Activities	451	385	3.40	891	710	470	25	869	521	494
Net Income / (Loss) Continuing Operations	218	-590	73	346	432	106	210	425	229	294
Consolidated Net Income / (Loss)	218	-590	73	346	432	106	210	425	229	294
Depreciation Expense	170	169	172	168	169	174	169	168	175	247
Amortization Expense	187	59	61	-58	176	-173	55	-53	171	-169
Non-Cash Adjustments To Reconcile Net Income	-113	864	-4.90	182	-199	371	-13	99	-0.20	157
Changes in Operating Assets and Liabilities, net	-12	-119	-298	253	133	-7.60	-396	230	-54	-36
Net Cash From Investing Activities	-135	-120	-177	-163	-328	-173	-213	-169	-149	-118
Net Cash From Continuing Investing Activities	-135	-120	-177	-163	-328	-173	-213	-169	-149	-118
Purchase of Property, Plant & Equipment	-142	-131	-181	-154	-159	-177	-215	-178	-171	-111
Acquisitions	-	-	-	-	-	0.20	-	-	-	-8.60
Sale of Property, Plant & Equipment	7.10	10	4.60	0.90	1.80	3.60	1.70	8.60	4.60	9.60
Other Investing Activities, net	-0.50	0.40	-0.60	-10	-107	0.40	0.50	-	17	-7.60
Net Cash From Financing Activities	-203	-217	-103	-99	-527	-253	-216	502	-1,030	-394
Net Cash From Continuing Financing Activities	-203	-217	-103	-99	-527	-253	-216	502	-1,030	-394
Repayment of Debt	-111	-119	-1.40	-2.60	-404	-20	-5.80	-8.60	-877	-98
Repurchase of Common Equity	-13	-13	-15	-12	-34	-145	-114	-262	-62	-206
Payment of Dividends	-82	-82	-90	-89	-89	-88	-97	-92	-91	-90

This table presents Molson Coors Beverage's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	12,276	29,342	30,247	30,110	28,860	27,331	27,619	25,868	26,375	26,064
Total Current Assets	1,259	2,170	2,190	2,766	2,184	2,419	2,779	2,638	2,849	2,848
Cash & Equivalents	431	561	419	1,058	523	770	637	600	869	969
Accounts Receivable	526	805	902	871	820	687	879	866	879	843
Inventories, net	179	593	592	592	616	664	805	793	802	728
Other Current Assets	123	211	278	246	225	297	457	379	298	308
Plant, Property, & Equipment, net	1,591	4,507	4,674	4,608	4,547	0.00	0.00	4,223	4,445	4,460
Total Noncurrent Assets	9,447	22,665	23,384	22,735	22,129	24,912	24,840	19,008	19,082	18,756
Goodwill	1,983	8,250	8,406	8,261	7,631	6,151	6,153	5,292	5,325	5,582
Intangible Assets	4,746	14,032	14,297	13,776	13,656	13,556	13,287	12,800	12,615	12,195
Other Noncurrent Operating Assets	257	383	682	698	842	5,205	5,401	916	1,142	978
Total Liabilities & Shareholders' Equity	12,276	29,342	30,247	30,110	28,860	27,331	27,619	25,868	26,375	26,064
Total Liabilities	5,213	17,720	17,060	16,374	15,187	14,710	13,955	12,953	12,940	12,612
Total Current Liabilities	1,217	3,158	3,399	4,301	3,696	3,910	3,622	3,375	4,093	3,045
Short-Term Debt	29	685	715	1,595	928	1,020	515	397	912	32
Accounts Payable	1,184	2,468	2,685	2,706	2,767	2,890	3,107	2,978	3,181	3,013
Total Noncurrent Liabilities	4,004	14,562	13,660	12,073	11,491	10,800	10,333	9,578	8,847	9,566
Long-Term Debt	2,909	11,388	10,599	8,894	8,110	7,208	6,647	6,165	5,312	6,114
Noncurrent Deferred & Payable Income Tax Liabilities	808	1,699	1,896	2,129	2,259	2,382	2,705	2,646	2,697	2,733
Noncurrent Employee Benefit Liabilities	202	1,196	849	727	717	763	654	473	466	417
Other Noncurrent Operating Liabilities	75	267	317	324	407	447	327	293	372	302
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	0.00	28	169
Total Equity & Noncontrolling Interests	7,063	11,622	13,187	13,736	13,673	12,621	13,664	12,915	13,407	13,284
Total Preferred & Common Equity	7,043	11,419	12,978	13,507	13,419	12,365	13,417	12,690	13,196	13,092
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	7,043	11,419	12,978	13,507	13,419	12,365	13,417	12,690	13,196	13,092
Common Stock	4,713	6,637	7,351	7,436	7,436	6,940	6,973	7,009	7,111	7,226
Retained Earnings	4,496	6,145	6,958	7,693	7,617	6,544	7,402	6,894	7,484	8,238
Treasury Stock	-471	-471	-471	-471	-471	-471	-471	-523	-736	-1,381
Accumulated Other Comprehensive Income / (Loss)	-1,695	-1,572	-860	-1,150	-1,162	-1,168	-1,006	-1,206	-1,116	-1,362
Other Equity Adjustments	-	679	-	-	-	520	520	516	453	372
Noncontrolling Interest	20	203	209	228	254	256	247	226	211	192

This table presents Molson Coors Beverage's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	26,709	25,868	25,853	26,790	26,568	26,375	26,072	27,394	26,635	26,064
Total Current Assets	2,749	2,638	2,552	3,329	3,088	2,849	2,677	4,038	3,230	2,848
Cash & Equivalents	525	600	328	961	802	869	458	1,647	1,022	969
Accounts Receivable	989	866	925	1,144	1,080	879	1,016	1,205	1,018	843
Inventories, net	867	793	916	863	853	802	871	849	833	728
Other Current Assets	369	379	382	361	353	298	332	337	356	308
Plant, Property, & Equipment, net	0.00	4,223	4,270	4,338	4,268	4,445	4,443	4,473	4,497	4,460
Total Noncurrent Assets	23,959	19,008	19,031	19,122	19,212	19,082	18,952	18,884	18,909	18,756
Goodwill	6,133	5,292	5,292	5,296	5,321	5,325	5,321	5,322	5,318	5,582
Intangible Assets	12,663	12,800	12,799	12,807	12,712	12,615	12,472	12,394	12,408	12,195
Other Noncurrent Operating Assets	5,163	916	939	1,019	1,179	1,142	1,159	1,168	1,183	978
Total Liabilities & Shareholders' Equity	26,709	25,868	25,853	26,790	26,568	26,375	26,072	27,394	26,635	26,064
Total Liabilities	13,312	12,953	12,934	13,533	13,080	12,940	12,714	13,979	13,068	12,612
Total Current Liabilities	3,591	3,375	3,306	3,830	4,238	4,093	3,863	4,236	3,248	3,045
Short-Term Debt	505	397	413	423	879	912	906	894	38	32
Accounts Payable	3,086	2,978	2,894	3,407	3,359	3,181	2,958	3,342	3,211	3,013
Total Noncurrent Liabilities	9,721	9,578	9,627	9,703	8,843	8,847	8,851	9,742	9,819	9,566
Long-Term Debt	6,083	6,165	6,178	6,192	5,301	5,312	5,312	6,162	6,203	6,114
Noncurrent Deferred & Payable Income Tax Liabilities	2,728	2,646	2,659	2,671	2,707	2,697	2,707	2,760	2,795	2,733
Noncurrent Employee Benefit Liabilities	625	473	470	469	463	466	459	455	453	417
Other Noncurrent Operating Liabilities	285	293	321	371	372	372	373	365	369	302
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	0.00	-	-	28	28	27	27	42	169
Total Equity & Noncontrolling Interests	13,397	12,915	12,919	13,257	13,460	13,407	13,331	13,389	13,526	13,284
Total Preferred & Common Equity	13,170	12,690	12,697	13,031	13,246	13,196	13,120	13,180	13,345	13,092
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	13,170	12,690	12,697	13,031	13,246	13,196	13,120	13,180	13,345	13,092
Common Stock	6,996	7,009	7,028	7,062	7,102	7,111	7,109	7,122	7,213	7,226
Retained Earnings	7,567	6,894	6,877	7,129	7,470	7,484	7,597	7,932	8,040	8,238
Treasury Stock	-510	-523	-538	-550	-584	-736	-847	-1,110	-1,173	-1,381
Accumulated Other Comprehensive Income / (Loss)	-1,403	-1,206	-1,171	-1,093	-1,199	-1,116	-1,193	-1,217	-1,107	-1,362
Other Equity Adjustments	519	516	500	483	457	453	453	453	372	372
Noncontrolling Interest	226	226	223	226	214	211	211	209	180	192

This table displays calculated financial ratios and metrics derived from Molson Coors Beverage's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-39.81%	84.93%	104.19%	-0.99%	-2.47%	-9.88%	6.19%	2.87%	8.41%	-1.08%
EBITDA Growth	-24.14%	349.38%	-36.19%	-1.34%	-25.06%	-56.54%	208.89%	-56.00%	92.07%	17.00%
EBIT Growth	-21.10%	480.62%	-47.66%	-3.97%	-54.78%	-149.70%	501.85%	-87.72%	694.94%	19.79%
NOPAT Growth	-23.44%	254.67%	10.65%	-29.30%	-71.20%	-172.99%	513.59%	-90.69%	896.10%	22.97%
Net Income Growth	-23.04%	302.16%	-0.92%	-28.54%	-78.30%	-484.12%	206.64%	-118.49%	612.82%	21.05%
EPS Growth	-23.19%	0.00%	0.00%	0.00%	0.00%	-494.59%	205.48%	-117.53%	639.51%	22.43%
Operating Cash Flow Growth	-44.41%	57.41%	65.61%	24.92%	-18.62%	-10.63%	-7.21%	-4.54%	38.42%	-8.11%
Free Cash Flow Firm Growth	-32.71%	-1,117.74%	106.98%	129.00%	-39.81%	32.88%	-41.01%	32.30%	-16.60%	27.45%
Invested Capital Growth	-11.28%	223.57%	4.02%	-3.80%	-4.23%	-9.50%	0.54%	-6.50%	-0.46%	-0.85%
Revenue Q/Q Growth	-34.88%	92.04%	8.38%	-13.17%	0.51%	12.18%	-8.59%	-0.38%	1.37%	-0.65%
EBITDA Q/Q Growth	-23.00%	256.38%	-51.29%	6.71%	28.18%	-65.60%	126.23%	-44.56%	29.60%	11.86%
EBIT Q/Q Growth	-6.33%	279.84%	-56.07%	-5.81%	22.98%	-131.57%	3,597.04%	-78.98%	96.65%	12.13%
NOPAT Q/Q Growth	-4.66%	100.92%	14.50%	-36.01%	44.98%	-136.58%	25,141.53%	-83.37%	202.40%	17.73%
Net Income Q/Q Growth	-5.90%	162.46%	-14.94%	-38.38%	55.82%	-259.72%	325.21%	-138.40%	266.30%	19.41%
EPS Q/Q Growth	-6.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.22%
Operating Cash Flow Q/Q Growth	1.04%	29.96%	13.65%	-7.20%	3.79%	-19.34%	7.03%	5.53%	4.52%	1.06%
Free Cash Flow Firm Q/Q Growth	-15.50%	-1,394.99%	106.56%	-0.02%	-29.12%	12.79%	-16.93%	6.81%	24.02%	23.19%
Invested Capital Q/Q Growth	-4.03%	220.63%	0.08%	-3.12%	-0.28%	-6.24%	0.31%	-2.99%	-0.40%	-0.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.25%	28.59%	35.38%	31.38%	32.29%	32.14%	32.56%	28.54%	31.47%	33.01%
EBITDA Margin	25.05%	60.87%	19.02%	18.95%	14.56%	7.02%	20.43%	8.74%	15.48%	18.31%
Operating Margin	15.90%	50.36%	12.45%	12.23%	5.88%	-3.49%	11.68%	1.23%	10.36%	12.77%
EBIT Margin	15.92%	50.00%	12.82%	12.43%	5.76%	-3.18%	12.03%	1.44%	10.52%	12.74%
Profit (Net Income) Margin	11.17%	24.29%	11.79%	8.51%	1.89%	-8.07%	8.10%	-1.46%	6.89%	8.43%
Tax Burden Percent	87.37%	52.47%	114.79%	83.44%	51.30%	146.87%	81.40%	298.40%	76.36%	77.03%
Interest Burden Percent	80.29%	92.59%	80.12%	82.01%	64.01%	172.81%	82.75%	-34.00%	85.72%	85.87%
Effective Tax Rate	13.48%	47.62%	-14.79%	16.56%	48.70%	0.00%	18.60%	0.00%	23.64%	22.97%
Return on Invested Capital (ROIC)	6.45%	11.49%	8.15%	5.76%	1.73%	-1.35%	5.88%	0.56%	5.83%	7.22%
ROIC Less NNEP Spread (ROIC-NNEP)	-61.76%	9.11%	5.14%	3.53%	0.10%	-9.61%	3.37%	-4.19%	3.33%	3.56%
Return on Net Nonoperating Assets (RNNOA)	-1.12%	5.67%	4.65%	2.67%	0.07%	-5.84%	1.79%	-1.97%	1.43%	1.39%
Return on Equity (ROE)	5.33%	17.15%	12.80%	8.43%	1.80%	-7.19%	7.67%	-1.40%	7.26%	8.61%
Cash Return on Invested Capital (CROIC)	18.41%	-94.08%	4.21%	9.64%	6.05%	8.62%	5.34%	7.28%	6.30%	8.08%
Operating Return on Assets (OROA)	4.33%	15.85%	5.79%	5.49%	2.54%	-1.33%	5.45%	0.69%	5.59%	6.68%
Return on Assets (ROA)	3.04%	7.70%	5.33%	3.76%	0.84%	-3.37%	3.67%	-0.70%	3.66%	4.42%
Return on Common Equity (ROCE)	5.32%	16.95%	12.59%	8.29%	1.76%	-7.05%	7.53%	-1.38%	7.13%	8.42%
Return on Equity Simple (ROE_SIMPLE)	5.66%	14.03%	12.23%	8.40%	1.83%	-7.65%	7.52%	-1.47%	7.25%	8.84%
Net Operating Profit after Tax (NOPAT)	491	1,740	1,926	1,362	392	-286	1,184	110	1,098	1,350
NOPAT Margin	13.76%	26.38%	14.30%	10.21%	3.01%	-2.44%	9.51%	0.86%	7.91%	9.83%
Net Nonoperating Expense Percent (NNEP)	68.21%	2.37%	3.02%	2.23%	1.63%	8.26%	2.51%	4.75%	2.51%	3.66%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	0.57%	5.59%	6.95%
Cost of Revenue to Revenue	59.75%	71.41%	64.62%	68.63%	67.71%	67.86%	67.44%	71.46%	68.53%	66.99%
SG&A Expenses to Revenue	29.10%	24.21%	22.66%	21.01%	20.97%	22.97%	20.52%	20.45%	20.02%	19.79%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.35%	-21.78%	22.93%	19.14%	26.42%	35.63%	20.88%	27.35%	21.19%	20.26%
Earnings before Interest and Taxes (EBIT)	568	3,299	1,727	1,658	750	-373	1,497	184	1,461	1,750
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	894	4,016	2,563	2,528	1,895	824	2,544	1,119	2,150	2,515
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.03	1.53	1.16	0.78	0.79	0.73	0.65	0.78	0.92	0.86
Price to Tangible Book Value (P/TBV)	45.43	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.00	2.65	1.12	0.79	0.81	0.77	0.70	0.77	0.87	0.82
Price to Earnings (P/E)	36.10	10.98	9.63	9.48	43.73	0.00	8.71	0.00	12.73	10.02
Dividend Yield	2.12%	2.01%	2.34%	3.34%	4.01%	5.12%	1.58%	3.13%	2.76%	3.07%
Earnings Yield	2.77%	9.11%	10.39%	10.55%	2.29%	0.00%	11.48%	0.00%	7.85%	9.98%
Enterprise Value to Invested Capital (EV/IC)	2.01	1.26	1.09	0.87	0.87	0.83	0.77	0.85	0.94	0.90
Enterprise Value to Revenue (EV/Rev)	4.02	4.43	1.94	1.52	1.49	1.42	1.25	1.25	1.27	1.22
Enterprise Value to EBITDA (EV/EBITDA)	16.06	7.28	10.22	8.01	10.21	20.27	6.11	14.33	8.22	6.67
Enterprise Value to EBIT (EV/EBIT)	25.26	8.86	15.16	12.21	25.79	0.00	10.38	87.25	12.10	9.59
Enterprise Value to NOPAT (EV/NOPAT)	29.25	16.79	13.59	14.87	49.31	0.00	13.12	145.46	16.10	12.43
Enterprise Value to Operating Cash Flow (EV/OCF)	20.05	25.93	14.03	8.68	10.19	9.84	9.87	10.68	8.50	8.78
Enterprise Value to Free Cash Flow (EV/FCFF)	10.25	0.00	26.32	8.89	14.11	9.16	14.46	11.28	14.91	11.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	1.04	0.86	0.76	0.66	0.65	0.52	0.51	0.46	0.46
Long-Term Debt to Equity	0.41	0.98	0.80	0.65	0.59	0.57	0.49	0.48	0.40	0.45
Financial Leverage	0.02	0.62	0.90	0.75	0.65	0.61	0.53	0.47	0.43	0.39
Leverage Ratio	1.76	2.23	2.40	2.24	2.15	2.14	2.09	2.01	1.98	1.95
Compound Leverage Factor	1.41	2.06	1.92	1.84	1.38	3.69	1.73	-0.68	1.70	1.67
Debt to Total Capital	29.37%	50.95%	46.18%	43.30%	39.79%	39.47%	34.39%	33.69%	31.66%	31.36%
Short-Term Debt to Total Capital	0.29%	2.89%	2.92%	6.58%	4.09%	4.89%	2.47%	2.04%	4.64%	0.16%
Long-Term Debt to Total Capital	29.09%	48.06%	43.26%	36.71%	35.71%	34.57%	31.92%	31.65%	27.02%	31.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.20%	0.86%	0.85%	0.94%	1.12%	1.23%	1.19%	1.16%	1.22%	1.84%
Common Equity to Total Capital	70.43%	48.19%	52.97%	55.76%	59.09%	59.31%	64.42%	65.15%	67.12%	66.80%
Debt to EBITDA	3.29	3.01	4.42	4.15	4.77	9.99	2.82	5.86	2.90	2.44
Net Debt to EBITDA	0.07	2.87	4.25	3.73	4.49	9.06	2.57	5.33	2.49	2.06
Long-Term Debt to EBITDA	3.26	2.84	4.14	3.52	4.28	8.75	2.61	5.51	2.47	2.43
Debt to NOPAT	5.99	6.94	5.87	7.70	23.05	-28.75	6.05	59.52	5.67	4.55
Net Debt to NOPAT	0.13	6.61	5.66	6.93	21.71	-26.06	5.51	54.08	4.88	3.83
Long-Term Debt to NOPAT	5.93	6.54	5.50	6.53	20.68	-25.18	5.62	55.92	4.84	4.53
Altman Z-Score	2.60	1.44	1.44	1.31	1.26	1.02	1.35	1.31	1.61	1.72
Noncontrolling Interest Sharing Ratio	0.29%	1.19%	1.66%	1.62%	1.76%	1.94%	1.91%	1.78%	1.76%	2.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.03	0.69	0.64	0.64	0.59	0.62	0.77	0.78	0.70	0.94
Quick Ratio	0.79	0.43	0.39	0.45	0.36	0.37	0.42	0.43	0.43	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,401	-14,256	995	2,278	1,371	1,822	1,075	1,422	1,186	1,511
Operating Cash Flow to CapEx	272.00%	673.58%	346.19%	376.50%	397.01%	407.62%	316.85%	238.72%	314.71%	294.07%
Free Cash Flow to Firm to Interest Expense	11.64	-52.49	2.85	7.44	4.88	6.63	4.13	5.67	5.07	5.35
Operating Cash Flow to Interest Expense	5.95	4.15	5.34	7.61	6.75	6.18	6.04	5.99	8.88	6.76
Operating Cash Flow Less CapEx to Interest Expense	3.76	3.53	3.80	5.59	5.05	4.66	4.14	3.48	6.06	4.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.32	0.45	0.44	0.44	0.42	0.45	0.48	0.53	0.52
Accounts Receivable Turnover	6.77	9.91	15.78	15.05	15.38	15.56	15.90	14.67	15.91	15.95
Inventory Turnover	10.51	12.21	14.70	15.47	14.59	12.43	11.43	11.46	11.93	12.03
Fixed Asset Turnover	2.11	2.16	2.93	2.87	2.84	0.00	0.00	0.00	3.20	3.08
Accounts Payable Turnover	1.71	2.58	3.38	3.40	3.22	2.81	2.80	3.01	3.09	2.97
Days Sales Outstanding (DSO)	53.90	36.82	23.13	24.26	23.73	23.47	22.96	24.87	22.94	22.89
Days Inventory Outstanding (DIO)	34.72	29.90	24.83	23.59	25.02	29.37	31.93	31.86	30.59	30.35
Days Payable Outstanding (DPO)	213.13	141.47	108.01	107.49	113.42	129.77	130.34	121.35	118.12	122.85
Cash Conversion Cycle (CCC)	-124.52	-74.74	-60.06	-59.63	-64.67	-76.93	-75.45	-64.62	-64.59	-69.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,155	23,151	24,082	23,166	22,187	20,080	20,189	18,878	18,790	18,630
Invested Capital Turnover	0.47	0.44	0.57	0.56	0.57	0.55	0.62	0.66	0.74	0.73
Increase / (Decrease) in Invested Capital	-910	15,996	931	-916	-979	-2,108	109	-1,311	-87	-161
Enterprise Value (EV)	14,351	29,220	26,177	20,246	19,338	16,692	15,534	16,037	17,676	16,779
Market Capitalization	14,266	17,506	15,074	10,587	10,570	8,977	8,763	9,849	12,082	11,242
Book Value per Share	$38.17	$53.14	$60.25	$62.60	$62.02	$57.07	$66.05	$62.60	$64.83	$66.75
Tangible Book Value per Share	$1.70	($50.56)	($45.14)	($39.53)	($36.37)	($33.88)	($29.64)	($26.65)	($23.31)	($23.89)
Total Capital	10,001	23,694	24,501	24,224	22,711	20,850	20,826	19,478	19,659	19,599
Total Debt	2,937	12,073	11,314	10,488	9,038	8,228	7,162	6,562	6,224	6,146
Total Long-Term Debt	2,909	11,388	10,599	8,894	8,110	7,208	6,647	6,165	5,312	6,114
Net Debt	66	11,512	10,895	9,430	8,514	7,458	6,525	5,962	5,355	5,177
Capital Expenditures (CapEx)	263	167	539	619	478	416	497	629	661	650
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-361	-864	-913	-998	-1,106	-1,241	-966	-940	-1,201	-1,134
Debt-free Net Working Capital (DFNWC)	70	-303	-495	60	-583	-471	-329	-340	-332	-165
Net Working Capital (NWC)	42	-988	-1,210	-1,535	-1,511	-1,491	-844	-737	-1,244	-197
Net Nonoperating Expense (NNE)	92	138	338	227	146	659	175	297	142	193
Net Nonoperating Obligations (NNO)	92	11,529	10,895	9,430	8,514	7,458	6,525	5,962	5,355	5,177
Total Depreciation and Amortization (D&A)	326	717	836	870	1,145	1,196	1,046	935	689	765
Debt-free, Cash-free Net Working Capital to Revenue	-10.11%	-13.10%	-6.78%	-7.48%	-8.50%	-10.58%	-7.76%	-7.34%	-8.65%	-8.26%
Debt-free Net Working Capital to Revenue	1.97%	-4.59%	-3.67%	0.45%	-4.48%	-4.01%	-2.64%	-2.66%	-2.39%	-1.20%
Net Working Capital to Revenue	1.17%	-14.97%	-8.98%	-11.51%	-11.62%	-12.72%	-6.78%	-5.76%	-8.96%	-1.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$6.57	$0.00	$0.00	$0.00	$4.63	($0.81)	$4.39	$5.38
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	215.40M	216M	216.60M	216.80M	217.10M	216.90M	216M	208.80M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$6.53	$0.00	$0.00	$0.00	$4.62	($0.81)	$4.37	$5.35
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	216.50M	216.60M	216.90M	216.80M	217.60M	216.90M	217.30M	209.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	215.56M	216.17M	216.38M	216.78M	203.16M	202.59M	200.57M	192.72M
Normalized Net Operating Profit after Tax (NOPAT)	344	151	1,200	1,153	756	753	1,184	702	1,098	1,350
Normalized NOPAT Margin	9.64%	2.29%	8.91%	8.65%	5.81%	6.42%	9.51%	5.48%	7.91%	9.83%
Pre Tax Income Margin	12.78%	46.29%	10.27%	10.19%	3.69%	-5.49%	9.95%	-0.49%	9.02%	10.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.72	12.14	4.94	5.41	2.67	-1.36	5.75	0.73	6.24	6.19
NOPAT to Interest Expense	4.08	6.41	5.51	4.45	1.40	-1.04	4.55	0.44	4.69	4.78
EBIT Less CapEx to Interest Expense	2.53	11.53	3.40	3.39	0.97	-2.87	3.84	-1.78	3.42	3.89
NOPAT Less CapEx to Interest Expense	1.89	5.79	3.97	2.42	-0.31	-2.56	2.64	-2.07	1.87	2.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	76.14%	22.02%	22.26%	31.22%	172.38%	-13.25%	14.66%	-176.57%	37.09%	31.89%
Augmented Payout Ratio	113.80%	22.02%	22.26%	31.22%	172.38%	-13.25%	14.66%	-204.18%	58.61%	87.47%

This table displays calculated financial ratios and metrics derived from Molson Coors Beverage's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.39%	-1.53%	4.97%	10.56%	11.04%	5.97%	9.89%	-0.85%	-7.74%	-2.69%
EBITDA Growth	12.09%	-144.70%	-17.05%	159.44%	35.99%	176.68%	36.70%	19.86%	-17.72%	125.11%
EBIT Growth	-39.01%	-374.82%	-32.10%	307.98%	78.72%	141.78%	94.91%	23.28%	-28.39%	89.46%
NOPAT Growth	-47.44%	-388.42%	-35.96%	283.67%	78.16%	135.48%	118.73%	18.83%	-33.70%	159.08%
Net Income Growth	-51.94%	-815.78%	-46.69%	622.55%	97.89%	117.89%	186.75%	22.88%	-46.99%	178.39%
EPS Growth	0.00%	0.00%	0.00%	0.00%	100.00%	0.00%	193.94%	29.30%	-51.52%	183.67%
Operating Cash Flow Growth	-13.19%	25.74%	102.85%	13.34%	57.55%	23.41%	647.06%	-2.45%	-26.60%	4.22%
Free Cash Flow Firm Growth	-47.97%	6,312.51%	95,067.72%	397.64%	14.05%	-77.50%	-81.16%	-62.27%	-63.20%	128.38%
Invested Capital Growth	-3.32%	-6.50%	-7.45%	-5.28%	-3.05%	-0.46%	-0.33%	-0.46%	-0.42%	-0.85%
Revenue Q/Q Growth	0.46%	-10.58%	-11.78%	39.51%	0.89%	-14.66%	-8.51%	25.87%	-6.12%	-9.98%
EBITDA Q/Q Growth	195.07%	-140.33%	241.67%	53.87%	54.67%	-77.26%	39.03%	34.91%	6.18%	-37.78%
EBIT Q/Q Growth	173.00%	-252.70%	131.79%	207.89%	19.59%	-64.31%	48.30%	94.74%	-30.54%	-5.56%
NOPAT Q/Q Growth	163.98%	-235.80%	131.73%	237.28%	22.58%	-72.96%	95.66%	83.23%	-31.60%	5.66%
Net Income Q/Q Growth	355.32%	-370.43%	112.41%	372.81%	24.70%	-75.56%	98.96%	102.62%	-46.20%	28.37%
EPS Q/Q Growth	0.00%	0.00%	0.00%	375.76%	26.11%	-75.25%	97.96%	109.28%	-52.71%	44.79%
Operating Cash Flow Q/Q Growth	-42.67%	-14.69%	-99.12%	26,105.88%	-20.30%	-33.18%	-94.65%	3,322.05%	-40.04%	-5.12%
Free Cash Flow Firm Q/Q Growth	222.50%	2.30%	73.91%	-13.27%	-26.09%	-79.82%	45.62%	73.71%	-27.92%	25.25%
Invested Capital Q/Q Growth	-2.54%	-2.99%	1.61%	-1.41%	-0.24%	-0.40%	1.74%	-1.53%	-0.20%	-0.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.97%	29.37%	27.78%	31.49%	34.47%	30.99%	31.60%	34.65%	33.37%	31.99%
EBITDA Margin	19.59%	-8.84%	14.19%	15.65%	23.99%	6.39%	17.65%	18.92%	21.40%	14.79%
Operating Margin	9.38%	-16.27%	5.70%	12.62%	15.16%	5.98%	10.31%	15.62%	12.52%	11.97%
EBIT Margin	9.43%	-16.10%	5.80%	12.81%	15.18%	6.35%	10.29%	15.92%	11.78%	12.36%
Profit (Net Income) Margin	6.20%	-18.75%	2.64%	8.94%	11.05%	3.17%	6.88%	11.08%	6.35%	9.05%
Tax Burden Percent	79.89%	104.56%	71.84%	78.46%	79.34%	63.75%	79.09%	75.96%	69.04%	84.81%
Interest Burden Percent	82.30%	111.37%	63.29%	88.99%	91.77%	78.21%	84.58%	91.62%	78.07%	86.38%
Effective Tax Rate	20.11%	0.00%	28.16%	21.54%	20.66%	36.25%	20.91%	24.04%	30.96%	15.19%
Return on Invested Capital (ROIC)	4.87%	-7.47%	2.66%	6.78%	8.60%	2.81%	6.03%	8.88%	6.35%	7.45%
ROIC Less NNEP Spread (ROIC-NNEP)	4.15%	-11.18%	2.04%	6.16%	7.93%	2.43%	5.38%	8.34%	4.79%	6.78%
Return on Net Nonoperating Assets (RNNOA)	1.95%	-5.25%	1.01%	2.76%	3.37%	1.04%	2.46%	3.46%	1.87%	2.65%
Return on Equity (ROE)	6.82%	-12.72%	3.67%	9.54%	11.97%	3.85%	8.49%	12.34%	8.22%	10.10%
Cash Return on Invested Capital (CROIC)	6.72%	7.28%	8.06%	5.88%	4.99%	6.30%	6.76%	7.37%	6.52%	8.08%
Operating Return on Assets (OROA)	4.46%	-7.71%	2.80%	6.29%	7.80%	3.37%	5.61%	8.30%	6.12%	6.47%
Return on Assets (ROA)	2.93%	-8.98%	1.27%	4.39%	5.68%	1.68%	3.75%	5.78%	3.30%	4.74%
Return on Common Equity (ROCE)	6.70%	-12.49%	3.60%	9.37%	11.76%	3.79%	8.34%	12.13%	8.08%	9.88%
Return on Equity Simple (ROE_SIMPLE)	3.69%	0.00%	-1.97%	0.37%	1.97%	0.00%	8.33%	8.89%	7.26%	0.00%
Net Operating Profit after Tax (NOPAT)	264	-358	114	383	470	127	249	455	312	329
NOPAT Margin	7.50%	-11.39%	4.10%	9.90%	12.03%	3.81%	8.15%	11.87%	8.65%	10.15%
Net Nonoperating Expense Percent (NNEP)	0.72%	3.71%	0.61%	0.62%	0.67%	0.38%	0.64%	0.55%	1.56%	0.67%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.84%	-	-	-	0.65%	-	-	-	1.69%
Cost of Revenue to Revenue	72.03%	70.63%	72.23%	68.51%	65.53%	69.01%	68.40%	65.35%	66.63%	68.01%
SG&A Expenses to Revenue	18.76%	17.42%	22.16%	18.98%	19.12%	20.50%	21.47%	18.98%	19.00%	20.03%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.58%	45.78%	22.07%	18.87%	19.31%	25.37%	21.29%	19.03%	20.85%	20.10%
Earnings before Interest and Taxes (EBIT)	332	-507	161	496	593	212	314	611	425	401
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	689	-278	394	606	937	213	538	726	771	480
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.70	0.78	0.80	1.00	0.95	0.92	1.03	0.77	0.84	0.86
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.72	0.77	0.78	0.98	0.92	0.87	0.96	0.72	0.81	0.82
Price to Earnings (P/E)	18.71	0.00	0.00	318.22	49.21	12.73	12.52	8.69	11.97	10.02
Dividend Yield	3.24%	3.13%	3.11%	2.47%	2.61%	2.76%	2.50%	3.34%	3.01%	3.07%
Earnings Yield	5.35%	0.00%	0.00%	0.31%	2.03%	7.85%	7.99%	11.51%	8.36%	9.98%
Enterprise Value to Invested Capital (EV/IC)	0.80	0.85	0.86	1.00	0.96	0.94	1.02	0.84	0.89	0.90
Enterprise Value to Revenue (EV/Rev)	1.21	1.25	1.28	1.42	1.33	1.27	1.38	1.12	1.21	1.22
Enterprise Value to EBITDA (EV/EBITDA)	7.70	14.33	15.98	13.37	10.96	8.22	8.53	6.54	7.41	6.67
Enterprise Value to EBIT (EV/EBIT)	17.78	87.25	154.04	39.14	24.46	12.10	12.13	9.14	10.68	9.59
Enterprise Value to NOPAT (EV/NOPAT)	23.46	145.46	259.88	214.59	50.04	16.10	15.90	12.13	14.53	12.43
Enterprise Value to Operating Cash Flow (EV/OCF)	10.93	10.68	10.21	10.91	9.14	8.50	9.32	7.60	8.82	8.78
Enterprise Value to Free Cash Flow (EV/FCFF)	11.68	11.28	10.32	16.51	19.01	14.91	15.12	11.37	13.59	11.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.51	0.51	0.50	0.46	0.46	0.47	0.53	0.46	0.46
Long-Term Debt to Equity	0.45	0.48	0.48	0.47	0.39	0.40	0.40	0.46	0.46	0.45
Financial Leverage	0.47	0.47	0.50	0.45	0.43	0.43	0.46	0.41	0.39	0.39
Leverage Ratio	2.02	2.01	2.01	2.02	1.98	1.98	1.98	2.03	1.97	1.95
Compound Leverage Factor	1.66	2.24	1.27	1.79	1.82	1.55	1.67	1.86	1.54	1.68
Debt to Total Capital	32.96%	33.69%	33.78%	33.29%	31.42%	31.66%	31.76%	34.47%	31.51%	31.36%
Short-Term Debt to Total Capital	2.53%	2.04%	2.12%	2.13%	4.47%	4.64%	4.63%	4.37%	0.19%	0.16%
Long-Term Debt to Total Capital	30.44%	31.65%	31.67%	31.16%	26.95%	27.02%	27.14%	30.10%	31.32%	31.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.13%	1.16%	1.14%	1.14%	1.23%	1.22%	1.22%	1.15%	1.12%	1.84%
Common Equity to Total Capital	65.90%	65.15%	65.08%	65.57%	67.35%	67.12%	67.02%	64.38%	67.37%	66.80%
Debt to EBITDA	3.26	5.86	6.35	4.69	3.73	2.90	2.71	2.92	2.78	2.44
Net Debt to EBITDA	3.00	5.33	6.03	4.01	3.24	2.49	2.51	2.24	2.32	2.06
Long-Term Debt to EBITDA	3.01	5.51	5.95	4.39	3.20	2.47	2.32	2.55	2.76	2.43
Debt to NOPAT	9.94	59.52	103.23	75.25	17.02	5.67	5.05	5.42	5.44	4.55
Net Debt to NOPAT	9.14	54.08	98.09	64.32	14.81	4.88	4.68	4.15	4.55	3.83
Long-Term Debt to NOPAT	9.18	55.92	96.77	70.44	14.60	4.84	4.32	4.73	5.41	4.53
Altman Z-Score	1.30	1.23	1.33	1.48	1.51	1.45	1.58	1.42	1.51	1.55
Noncontrolling Interest Sharing Ratio	1.76%	1.78%	1.73%	1.70%	1.74%	1.76%	1.75%	1.73%	1.72%	2.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.77	0.78	0.77	0.87	0.73	0.70	0.69	0.95	0.99	0.94
Quick Ratio	0.42	0.43	0.38	0.55	0.44	0.43	0.38	0.67	0.63	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	932	953	1,658	1,438	1,063	214	312	542	391	490
Operating Cash Flow to CapEx	334.10%	318.82%	1.92%	583.12%	451.72%	273.02%	11.92%	514.62%	313.60%	487.19%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.47	0.48	0.48	0.49	0.51	0.53	0.55	0.52	0.52	0.52
Accounts Receivable Turnover	12.98	14.67	13.66	11.90	13.24	15.91	14.59	12.03	13.17	15.95
Inventory Turnover	11.08	11.46	10.20	10.84	10.98	11.93	10.74	11.04	11.03	12.03
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	3.20	3.25	3.21	3.15	3.08
Accounts Payable Turnover	2.94	3.01	3.27	2.82	2.93	3.09	3.28	2.80	2.83	2.97
Days Sales Outstanding (DSO)	28.11	24.87	26.71	30.66	27.57	22.94	25.03	30.35	27.70	22.89
Days Inventory Outstanding (DIO)	32.95	31.86	35.79	33.66	33.25	30.59	33.97	33.05	33.10	30.35
Days Payable Outstanding (DPO)	124.18	121.35	111.48	129.41	124.64	118.12	111.26	130.29	128.99	122.85
Cash Conversion Cycle (CCC)	-63.12	-64.62	-48.98	-65.09	-63.82	-64.59	-52.26	-66.89	-68.18	-69.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	19,459	18,878	19,181	18,911	18,866	18,790	19,118	18,824	18,787	18,630
Invested Capital Turnover	0.65	0.66	0.65	0.68	0.71	0.74	0.74	0.75	0.73	0.73
Increase / (Decrease) in Invested Capital	-668	-1,311	-1,544	-1,054	-593	-87	-64	-87	-80	-161
Enterprise Value (EV)	15,552	16,037	16,590	18,864	18,174	17,676	19,573	15,802	16,667	16,779
Market Capitalization	9,263	9,849	10,106	12,983	12,554	12,082	13,575	10,157	11,225	11,242
Book Value per Share	$64.90	$62.60	$62.67	$64.21	$65.08	$64.83	$61.68	$65.95	$68.38	$66.75
Tangible Book Value per Share	($27.73)	($26.65)	($26.63)	($24.99)	($23.52)	($23.31)	($21.97)	($22.70)	($22.45)	($23.89)
Total Capital	19,984	19,478	19,509	19,872	19,668	19,659	19,576	20,471	19,808	19,599
Total Debt	6,588	6,562	6,590	6,615	6,180	6,224	6,218	7,056	6,241	6,146
Total Long-Term Debt	6,083	6,165	6,178	6,192	5,301	5,312	5,312	6,162	6,203	6,114
Net Debt	6,063	5,962	6,262	5,654	5,378	5,355	5,759	5,408	5,219	5,177
Capital Expenditures (CapEx)	135	121	177	153	157	174	213	169	166	102
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-862	-940	-670	-1,038	-1,073	-1,201	-739	-952	-1,003	-1,134
Debt-free Net Working Capital (DFNWC)	-337	-340	-342	-78	-271	-332	-281	696	19	-165
Net Working Capital (NWC)	-842	-737	-755	-501	-1,150	-1,244	-1,186	-199	-19	-197
Net Nonoperating Expense (NNE)	46	232	40	37	38	22	39	30	83	35
Net Nonoperating Obligations (NNO)	6,063	5,962	6,262	5,654	5,378	5,355	5,759	5,408	5,219	5,177
Total Depreciation and Amortization (D&A)	357	229	233	110	344	1.50	224	115	347	79
Debt-free, Cash-free Net Working Capital to Revenue	-6.70%	-7.34%	-5.18%	-7.80%	-7.83%	-8.65%	-5.22%	-6.74%	-7.25%	-8.26%
Debt-free Net Working Capital to Revenue	-2.62%	-2.66%	-2.64%	-0.58%	-1.98%	-2.39%	-1.98%	4.92%	0.14%	-1.20%
Net Working Capital to Revenue	-6.55%	-5.76%	-5.83%	-3.76%	-8.40%	-8.96%	-8.38%	-1.41%	-0.14%	-1.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.99	$0.49	$0.98	$2.03	$0.96	$1.41
Adjusted Weighted Average Basic Shares Outstanding	216.80M	216.90M	216.50M	216.40M	216.10M	216M	212.70M	210M	207.20M	208.80M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.98	$0.49	$0.97	$2.03	$0.96	$1.39
Adjusted Weighted Average Diluted Shares Outstanding	217.60M	216.90M	217.30M	217.80M	217.60M	217.30M	214.20M	210.80M	208M	209.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	202.71M	202.59M	202.95M	203.52M	203.56M	200.57M	199.83M	195.15M	196.13M	192.72M
Normalized Net Operating Profit after Tax (NOPAT)	264	-358	114	383	470	127	249	455	312	329
Normalized NOPAT Margin	7.50%	-11.39%	4.10%	9.90%	12.03%	3.81%	8.15%	11.87%	8.65%	10.15%
Pre Tax Income Margin	7.76%	-17.93%	3.67%	11.39%	13.93%	4.97%	8.70%	14.59%	9.20%	10.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	66.09%	-176.57%	-134.24%	719.75%	133.63%	37.09%	33.12%	31.13%	37.90%	31.89%
Augmented Payout Ratio	74.08%	-204.18%	-154.99%	828.99%	161.82%	58.61%	61.00%	78.42%	97.96%	87.47%

Frequently Asked Questions About Molson Coors Beverage's Financials

When does Molson Coors Beverage's financial year end?

According to the most recent income statement we have on file, Molson Coors Beverage's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Molson Coors Beverage's net income changed over the last 9 years?

Molson Coors Beverage's net income appears to be on a downward trend, with a most recent value of $1.16 billion in 2024, rising from $398.50 million in 2015. The previous period was $956.40 million in 2023.

What is Molson Coors Beverage's operating income?

Molson Coors Beverage's total operating income in 2024 was $1.75 billion, based on the following breakdown:

Total Gross Profit: $4.53 billion
Total Operating Expenses: $2.78 billion

How has Molson Coors Beverage revenue changed over the last 9 years?

Over the last 9 years, Molson Coors Beverage's total revenue changed from $3.57 billion in 2015 to $13.73 billion in 2024, a change of 285.0%.

How much debt does Molson Coors Beverage have?

Molson Coors Beverage's total liabilities were at $12.61 billion at the end of 2024, a 2.5% decrease from 2023, and a 141.9% increase since 2015.

How much cash does Molson Coors Beverage have?

In the past 9 years, Molson Coors Beverage's cash and equivalents has ranged from $418.60 million in 2017 to $1.06 billion in 2018, and is currently $969.30 million as of their latest financial filing in 2024.

How has Molson Coors Beverage's book value per share changed over the last 9 years?

Over the last 9 years, Molson Coors Beverage's book value per share changed from 38.17 in 2015 to 66.75 in 2024, a change of 74.9%.

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This page (NYSE:TAP.A) was last updated on 4/16/2025 by MarketBeat.com Staff

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Molson Coors Beverage (TAP.A) Financials

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Molson Coors Beverage (TAP.A) Financials

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