Keurig Dr Pepper (KDP) FY2021 results: revenue $12.7 billion, up 9.2% on the year
Keurig Dr Pepper Inc. (KDP) reported revenue of $12.7 billion for fiscal 2021, the year ended 31 December 2021, up 9.2% on the year before. Net income was $2.1 billion, up 62.0%, and diluted earnings per share $1.50. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$12.7 billion
+9.2% on the year
FY2014FY2021
Operating margin
22.8%
21.3% a year earlier
FY2014FY2021
Net income
$2.1 billion
+62.0% on the year
FY2014FY2021
Diluted EPS
$1.50
+61.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,874
2,456
2,474
+17.0%
Capital expenditure
423
461
330
-8.2%
Free cash flow
2,451
1,995
2,144
+22.9%
Free cash flow margin
19.3%
17.2%
19.3%
Cash from investing
210
-316
-150
Cash from financing
-2,762
-1,990
-2,364
Depreciation and amortisation
544
495
484
+9.9%
Share-based compensation
88.0
85.0
64.0
+3.5%
Buybacks
0.0
0.0
n/a
Dividends paid
955
846
844
+12.9%
Dividend per share
$0.71
$0.60
$0.60
+18.8%
Diluted shares, weighted
1,428m
1,422m
1,419m
+0.4%
Shares outstanding at period end
1,418m
1,407m
1,407m
+0.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
24,972
23,829
23,257
+4.8%
Non-controlling interest
0.0
1.0
0.0
Debt
11,882
13,488
14,420
-11.9%
Operating lease liabilities
608
580
427
+4.8%
Finance lease liabilities
621
298
269
+108.4%
Other liabilities
12,515
11,583
11,145
+8.0%
Total liabilities and equity
50,598
49,779
49,518
+1.6%
Fixed assets
2,494
2,212
2,028
+12.7%
Goodwill
20,182
20,184
20,172
-0.0%
Intangible assets
23,856
23,968
24,117
-0.5%
Cash and equivalents
567
240
75.0
+136.2%
Receivables
1,148
1,048
1,115
+9.5%
Inventory
894
762
654
+17.3%
Other assets
1,457
1,365
1,357
+6.7%
Total assets
50,598
49,779
49,518
+1.6%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.