Molson Coors Beverage Company (TAP) financial statements: income statement, balance sheet and cash flow
Molson Coors Beverage Company's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Molson Coors Beverage Company reported revenue of $13.0B (-5.1% year on year) and net income of ($2.2B) (-288.3% year on year).
Income statement
Molson Coors Beverage Company income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Sales
$13.0B
$13.7B
$13.9B
$12.8B
Excise taxes
($1.9B)
($2.1B)
($2.2B)
($2.1B)
Net sales
$11.1B
$11.6B
$11.7B
$10.7B
Cost of goods sold
($6.9B)
($7.1B)
($7.3B)
($7.0B)
Gross profit
$4.3B
$4.5B
$4.4B
$3.7B
Marketing, general and administrative expenses
($2.6B)
($2.7B)
($2.8B)
($2.6B)
Goodwill impairment
($3.6B)
$0
$0
($845.0M)
Other operating income (expense), net
($335.3M)
($65.4M)
($162.7M)
($38.6M)
Equity income (loss)
$13.4M
$2.7M
$12.0M
$4.7M
Operating income (loss)
($2.3B)
$1.8B
$1.4B
$157.5M
Interest expense
($247.9M)
($282.7M)
($234.0M)
($250.6M)
Interest income
$20.6M
$35.4M
$25.4M
$4.3M
Other pension and postretirement benefit (cost), net
$14.4M
($5.0M)
$10.2M
$36.6M
Other non-operating income (expense), net
$31.8M
$2.1M
$12.7M
($10.3M)
Total non-operating income (expense), net
($181.1M)
($250.2M)
($185.7M)
($220.0M)
Income (loss) before income taxes
($2.5B)
$1.5B
$1.3B
($62.5M)
Income tax benefit (expense)
$337.8M
($345.3M)
($296.1M)
($124.0M)
Net income (loss)
($2.2B)
$1.2B
$956.4M
($186.5M)
Net (income) loss attributable to noncontrolling interests
$40.6M
($35.3M)
($7.5M)
$11.2M
Net income (loss) attributable to Molson Coors Beverage Company
($2.1B)
$1.1B
$948.9M
($175.3M)
Basic (in dollars per share)
-$10.75
$5.38
$4.39
-$0.81
Diluted (in dollars per share)
-$10.75
$5.35
$4.37
-$0.81
Basic (in shares)
199.1M
208.8M
216.0M
216.9M
Dilutive effect of share-based awards (in shares)
0
1.1M
1.3M
0
Diluted (in shares)
199.1M
209.9M
217.3M
216.9M
Molson Coors Beverage Company income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Sales
$3.6B
$2.7B
$3.5B
$3.7B
Excise taxes
($507.9M)
($366.8M)
($510.8M)
($539.2M)
Net sales
$3.1B
$2.4B
$3.0B
$3.2B
Cost of goods sold
($2.0B)
($1.5B)
($1.8B)
($1.9B)
Gross profit
$1.1B
$897.2M
$1.2B
$1.3B
Marketing, general and administrative expenses
($718.5M)
($610.0M)
($686.7M)
($693.1M)
Other operating income (expense), net
($16.6M)
($32.1M)
($275.2M)
($9.2M)
Equity income (loss)
$3.7M
$3.2M
$3.0M
$4.0M
Operating income (loss)
$331.9M
$258.3M
($3.4B)
$583.6M
Interest income (expense), net
($60.5M)
($57.6M)
($56.0M)
($58.5M)
Other pension and postretirement benefit (cost), net
$5.0M
$4.9M
$3.5M
$3.5M
Other non-operating income (expense), net
$6.7M
($10.9M)
($11.9M)
$26.3M
Total non-operating income (expense), net
($48.8M)
($63.6M)
($64.4M)
($28.7M)
Income (loss) before income taxes
$283.1M
$194.7M
($3.5B)
$554.9M
Income tax benefit (expense)
($61.5M)
($44.6M)
$558.6M
($130.6M)
Net income (loss)
$221.6M
$150.1M
($2.9B)
$424.3M
Net (income) loss attributable to noncontrolling interests
$10.1M
$1.2M
$9.3M
$4.4M
Net income (loss) attributable to Molson Coors Beverage Company
$231.7M
$151.3M
($2.9B)
$428.7M
Basic (in dollars per share)
$1.24
$0.80
-$14.79
$2.14
Diluted (in dollars per share)
$1.23
$0.80
-$14.79
$2.13
Basic (in shares)
187.5M
188.9M
197.9M
200.5M
Dilutive effect of share-based awards (in shares)
200.0K
500.0K
0
700.0K
Diluted (in shares)
187.7M
189.4M
197.9M
201.2M
Balance sheet
Molson Coors Beverage Company balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$896.5M
$969.3M
$868.9M
$600.0M
Trade receivables, net
$703.0M
$693.1M
$757.8M
$739.8M
Other receivables, net
$187.3M
$149.8M
$121.6M
$126.4M
Inventories, net
$715.9M
$727.8M
$802.3M
$792.9M
Other current assets, net
$432.8M
$308.4M
$297.9M
$378.9M
Total current assets
$2.9B
$2.8B
$2.8B
$2.6B
Property, plant and equipment, net
$4.8B
$4.5B
$4.4B
$4.2B
Goodwill
$1.9B
$5.6B
$5.3B
$5.3B
Other intangibles, net
$12.0B
$12.2B
$12.6B
$12.8B
Other assets
$1.1B
$978.0M
$1.1B
$915.5M
Total assets
$22.7B
$26.1B
$26.4B
$25.9B
Accounts payable and other current liabilities
$2.9B
$3.0B
$3.2B
$3.0B
Current portion of long-term debt and short-term borrowings
$2.4B
$32.2M
$911.8M
$397.1M
Total current liabilities
$5.3B
$3.0B
$4.1B
$3.4B
Long-term debt
$3.9B
$6.1B
$5.3B
$6.2B
Pension and postretirement benefits
$427.1M
$416.7M
$465.8M
$473.3M
Deferred tax liabilities
$2.3B
$2.7B
$2.7B
$2.6B
Other liabilities
$307.7M
$302.4M
$372.3M
$292.8M
Total liabilities
$12.2B
$12.6B
$12.9B
$13.0B
Redeemable noncontrolling interest
$115.6M
$168.5M
$27.9M
—
Preferred stock, $0.01 par value (authorized: 25.0 shares; none issued)
0
0
0
0
Common stock issued
$2.2M
$2.1M
$2.1M
$2.1M
Exchangeable shares issued
367.7M
371.9M
453.1M
515.5M
Paid-in capital
$7.2B
$7.2B
$7.1B
$7.0B
Retained earnings
$5.7B
$8.2B
$7.5B
$6.9B
Accumulated other comprehensive income (loss)
($1.1B)
($1.4B)
($1.1B)
($1.2B)
Class B common stock held in treasury at cost (37.7 shares and 24.8 shares, respectively)
-2.0B
-1.4B
—
—
Total Molson Coors Beverage Company stockholders' equity
$10.2B
$13.1B
$13.2B
$12.7B
Noncontrolling interests
$196.8M
$191.8M
$211.2M
$225.5M
Total equity
$10.4B
$13.3B
$13.4B
$12.9B
Total liabilities and equity
$22.7B
$26.1B
$26.4B
$25.9B
Molson Coors Beverage Company balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$2.1B
$382.6M
$950.2M
$613.8M
Trade receivables, net
$1.0B
$798.2M
$842.5M
$1.0B
Other receivables, net
$173.7M
$173.7M
$151.3M
$133.7M
Inventories, net
$849.1M
$812.8M
$820.6M
$902.0M
Other current assets, net
$428.5M
$576.5M
$465.8M
$404.9M
Total current assets
$4.6B
$2.7B
$3.2B
$3.1B
Property, plant and equipment, net
$4.7B
$4.7B
$4.6B
$4.6B
Goodwill
$2.1B
$1.9B
$1.9B
$5.6B
Other intangibles, net
$11.8B
$11.9B
$12.0B
$12.4B
Other assets
$1.1B
$1.1B
$1.1B
$1.1B
Total assets
$24.4B
$22.4B
$22.9B
$26.8B
Accounts payable and other current liabilities
$3.2B
$2.7B
$2.9B
$3.2B
Current portion of long-term debt and short-term borrowings
$2.0B
$2.4B
$2.4B
$62.3M
Total current liabilities
$5.2B
$5.1B
$5.3B
$3.2B
Long-term debt
$5.7B
$3.8B
$3.9B
$6.3B
Pension and postretirement benefits
$411.2M
$419.9M
$409.5M
$415.1M
Deferred tax liabilities
$2.4B
$2.3B
$2.2B
$2.8B
Other liabilities
$296.0M
$300.8M
$322.6M
$323.1M
Total liabilities
$14.0B
$12.0B
$12.2B
$13.0B
Redeemable noncontrolling interests
$102.0M
$114.1M
$145.5M
$160.4M
Preferred stock, $0.01 par value (authorized: 25.0 shares; none issued)
0
0
0
0
Common stock issued
$2.2M
$2.2M
$2.2M
$2.2M
Exchangeable shares issued
367.7M
367.7M
367.7M
367.7M
Paid-in capital
$7.3B
$7.2B
$7.2B
$7.2B
Retained earnings
$5.9B
$5.8B
$5.6B
$8.6B
Accumulated other comprehensive income (loss)
($1.2B)
($1.1B)
($1.1B)
($1.1B)
Class B common stock held in treasury at cost (42.1 shares and 37.7 shares, respectively)
-2.2B
-2.2B
-1.7B
-1.7B
Total Molson Coors Beverage Company stockholders' equity
$10.1B
$10.1B
$10.3B
$13.4B
Noncontrolling interests
$187.2M
$195.4M
$198.2M
$195.6M
Total equity
$10.3B
$10.3B
$10.5B
$13.6B
Total liabilities and equity
$24.4B
$22.4B
$22.9B
$26.8B
Cash flow statement
Molson Coors Beverage Company cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss) including noncontrolling interests
($2.2B)
$1.2B
$956.4M
($186.5M)
Depreciation and amortization
$711.3M
$759.4M
$682.8M
$684.8M
Amortization of cloud computing arrangements
$14.4M
—
—
—
Amortization of debt issuance costs and discounts
$5.1M
$5.3M
$5.7M
$7.7M
Interest expense related to mandatorily redeemable noncontrolling interest
$0
$46.5M
—
—
Share-based compensation
$35.0M
$43.1M
$44.9M
$33.6M
Goodwill impairment
$3.6B
$0
$0
$845.0M
(Gain) loss on sale or impairment of property, plant, equipment and other assets, net
$262.6M
$51.8M
$181.9M
$18.6M
Unrealized (gain) loss on foreign currency fluctuations and derivative instruments, net
($81.7M)
($28.7M)
$88.3M
$236.4M
Equity (income) loss
($13.4M)
($2.7M)
($12.0M)
($4.7M)
Income tax (benefit) expense
($337.8M)
$345.3M
$296.1M
$124.0M
Income tax (paid) received
($131.4M)
($227.1M)
($244.8M)
($76.6M)
Interest expense, excluding amortization of debt issuance costs and discounts and mandatorily redeemable noncontrolling interest
$242.8M
$230.9M
—
—
Interest paid
($240.7M)
($216.0M)
($229.0M)
($240.0M)
Other non-cash items, net
($600.0K)
($77.1M)
—
—
Receivables
$48.3M
$39.6M
($700.0K)
($108.5M)
Inventories
$65.2M
$55.1M
$21.7M
($64.6M)
Payables and other current liabilities
($285.4M)
($234.4M)
$50.2M
($16.1M)
Other assets and other liabilities
$25.2M
($38.4M)
$9.2M
$6.0M
Net cash provided by (used in) operating activities
$1.8B
$1.9B
$2.1B
$1.5B
Additions to property, plant and equipment
($716.6M)
($674.1M)
($671.5M)
($661.4M)
Proceeds from sales of property, plant, equipment and other assets
$15.8M
$24.5M
$10.9M
$32.2M
Acquisition of business, net of cash acquired
($22.3M)
($8.6M)
($63.7M)
—
Other, net
($99.0M)
$10.2M
($117.4M)
$4.1M
Net cash provided by (used in) investing activities
($822.1M)
($648.0M)
($841.7M)
($625.1M)
Dividends paid
($376.3M)
($369.2M)
($354.7M)
($329.3M)
Payments for purchases of treasury stock
($647.9M)
($643.4M)
($205.8M)
($51.5M)
Payments on debt and borrowings
($12.8M)
($883.8M)
($404.8M)
($509.1M)
Proceeds on debt and borrowings
$0
$863.7M
$7.0M
$7.0M
Other, net
($19.8M)
($105.7M)
($31.0M)
($6.0M)
Net cash provided by (used in) financing activities
($1.1B)
($1.1B)
($981.4M)
($889.5M)
Effect of foreign exchange rate changes on cash and cash equivalents
$21.7M
($23.5M)
$13.0M
($24.8M)
Net increase (decrease) in cash and cash equivalents
($72.8M)
$100.4M
$268.9M
($37.4M)
Balance at beginning of year
$969.3M
$868.9M
$600.0M
$637.4M
Balance at end of year
$896.5M
$969.3M
$868.9M
$600.0M
Molson Coors Beverage Company cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss) including noncontrolling interests
$371.7M
$150.1M
($2.4B)
$547.4M
Depreciation and amortization
$377.7M
$185.7M
$530.2M
$350.4M
Amortization of cloud computing arrangements
$7.6M
$3.8M
$10.6M
—
Amortization of debt issuance costs and discounts
$3.8M
$1.4M
$3.8M
$2.6M
Share-based compensation
$17.0M
$8.2M
$27.2M
$18.9M
(Gain) loss on sale or impairment of property, plant, equipment and other assets, net
$2.3M
$2.4M
$267.4M
($6.1M)
Unrealized (gain) loss on foreign currency fluctuations, fair value investments and derivative instruments, net
$6.2M
($78.0M)
($76.9M)
($77.4M)
Equity (income) loss
($6.9M)
($3.2M)
($11.5M)
($8.5M)
Income tax (benefit) expense
$106.1M
$44.6M
($394.8M)
$163.8M
Income tax (paid) received
($41.7M)
($16.8M)
($99.6M)
($58.0M)
Interest expense, excluding amortization of debt issuance costs and discounts
$125.2M
$58.8M
$181.8M
$120.3M
Interest paid
($141.5M)
($73.4M)
($211.9M)
($137.2M)
Other non-cash items, net
$1.5M
$800.0K
($1.3M)
($2.1M)
Change in current assets and liabilities (net of impact of business combinations) and other
($8.6M)
($281.9M)
($237.5M)
($286.5M)
Net cash provided by (used in) operating activities
$820.4M
$2.5M
$1.2B
$627.6M
Additions to property, plant and equipment
($335.2M)
($231.7M)
($533.7M)
($400.6M)
Proceeds from sales of property, plant, equipment and other assets
$7.4M
$1.1M
$6.1M
$4.4M
Acquisition of business, net of cash acquired
($271.0M)
$0
($22.3M)
($20.8M)
Other
($600.0K)
$500.0K
($85.2M)
($82.7M)
Net cash provided by (used in) investing activities
($599.4M)
($230.1M)
($635.1M)
($499.7M)
Dividends paid
($183.7M)
($93.6M)
($285.7M)
($192.7M)
Payments for purchases of treasury stock
($211.0M)
($168.5M)
($332.8M)
($306.8M)
Payments on debt and borrowings
($382.7M)
($26.7M)
($9.6M)
($5.8M)
Proceeds on debt and borrowings
$1.8B
—
$0
$0
Other
($44.3M)
$6.6M
($18.5M)
($900.0K)
Net cash provided by (used in) financing activities
$1.0B
($282.2M)
($646.6M)
($506.2M)
Effect of foreign exchange rate changes on cash and cash equivalents
($16.3M)
($4.1M)
$18.9M
$22.8M
Net increase (decrease) in cash and cash equivalents