Keurig Dr Pepper (KDP) FY2022 results: revenue $14.1 billion, up 10.8% on the year
Keurig Dr Pepper Inc. (KDP) reported revenue of $14.1 billion for fiscal 2022, the year ended 31 December 2022, up 10.8% on the year before. Net income was $1.4 billion, down 33.1%, and diluted earnings per share $1.01. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$14.1 billion
+10.8% on the year
FY2015FY2022
Operating margin
18.5%
22.8% a year earlier
FY2015FY2022
Net income
$1.4 billion
-33.1% on the year
FY2015FY2022
Diluted EPS
$1.01
-32.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,837
2,874
2,456
-1.3%
Capital expenditure
353
423
461
-16.5%
Free cash flow
2,484
2,451
1,995
+1.3%
Free cash flow margin
17.7%
19.3%
17.2%
Cash from investing
-1,135
210
-316
Cash from financing
-1,728
-2,762
-1,990
Depreciation and amortisation
537
544
495
-1.3%
Share-based compensation
52.0
88.0
85.0
-40.9%
Buybacks
379
0.0
0.0
Dividends paid
1,080
955
846
+13.1%
Dividend per share
$0.78
$0.71
$0.60
+8.8%
Diluted shares, weighted
1,428m
1,428m
1,422m
+0.0%
Shares outstanding at period end
1,408m
1,418m
1,407m
-0.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
25,126
24,972
23,829
+0.6%
Non-controlling interest
-1.0
0.0
1.0
Debt
11,967
11,882
13,488
+0.7%
Operating lease liabilities
803
608
580
+32.1%
Finance lease liabilities
618
621
298
-0.5%
Other liabilities
13,324
12,515
11,583
+6.5%
Total liabilities and equity
51,837
50,598
49,779
+2.4%
Fixed assets
2,491
2,494
2,212
-0.1%
Goodwill
20,072
20,182
20,184
-0.5%
Intangible assets
23,183
23,856
23,968
-2.8%
Cash and equivalents
535
567
240
-5.6%
Receivables
1,484
1,148
1,048
+29.3%
Inventory
1,314
894
762
+47.0%
Other assets
2,758
1,457
1,365
+89.3%
Total assets
51,837
50,598
49,779
+2.4%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.