Income StatementBalance SheetCash FlowSegments
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Keurig Dr Pepper Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Keurig Dr Pepper holds $73.1B in total assets. Shareholders' equity is $25.3B against $24.8B in total debt. Cash and equivalents total $18.7B. The current ratio is 2.31 and debt-to-equity is 0.981. Based on the Q1 2026 filing.

Total Assets$73.1BTotal Stockholders Equity$25.3BLong Term Debt$20.9BCash And Equivalents$18.7BTotal Current Assets$23.1BTotal Current Liabilities$10.0B
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$39.6B
P/E Ratio21.61
ROE7.37%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$3.0B$3.2B$3.1B$3.0B$3.0B$2.8B
Other Commercial Liabilities$1.6B$1.2B$1.3B$1.4B$1.4B$1.5B
Accrued Liabilities, Current$1.6B$1.2B$1.3B$1.4B$1.4B$1.5B
Other accrued liabilities$835.0M$786.0M$777.0M$823.0M$785.0M$878.0M
Structured payables$41.0M$31.0M$31.0M$30.0M$25.0M$22.0M
Current portion of long-term debt$1.0B$1.0B$499.0M$894.0M$895.0M$2.0B
Dividends payable$312.0M$313.0M$312.0M$313.0M—$312.0M
Finance Lease Liability, Current$125.0M$138.0M$146.0M$150.0M$179.0M$184.0M
Operating Lease Liability Payments - 2024 (Lessee)—$140.0M$143.0M$150.0M—$130.0M
Operating Lease Liability Payments - 2025 (Lessee)—$101.0M$103.0M$111.0M—$111.0M
Operating lease liabilities, current$128.0M$130.0M$133.0M$133.0M$127.0M$136.0M
Supplier Finance Program Obligations$1.7B$1.8B$1.7B$1.5B$1.4B$1.5B
Total current liabilities$8.1B$9.2B$7.2B$7.5B$8.3B$10.0B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$1.5B$1.3B$1.5B$1.5B$1.7B$1.5B
Cash and cash equivalents$608.0M$751.0M$565.0M$569.0M$1.0B$18.7B
Finished goods————$1.0B$1.1B
Raw materials————$706.0M$722.0M
Work in process$9.0M$10.0M$12.0M$11.0M$8.0M$10.0M
Inventories$1.3B$1.6B$1.8B$1.9B$1.7B$1.8B
Prepaid expenses and other current assets$606.0M$745.0M$802.0M$795.0M$818.0M$1.0B
Restricted cash$80.0M$80.0M$56.0M$53.0M$18.0M$17.8B
Total current assets$4.0B$4.3B$4.6B$4.7B$5.3B$23.1B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$276.0M-$275.0M$10.0M-$24.0M$102.0M-$116.0M
Additional paid-in capital$19.7B$19.7B$19.7B$19.8B$19.8B$19.8B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$14.0M$14.0M$14.0M$14.0M$14.0M$14.0M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Retained earnings$4.8B$5.0B$5.2B$5.6B$5.6B$5.6B
Temporary Equity Attributable to Parent————$0.0$4.4B
Total liabilities and stockholders' equity$53.4B$53.7B$54.4B$54.6B$55.5B$73.1B
Total stockholders' equity$24.2B$24.4B$25.0B$25.3B$25.5B$25.3B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$1.2B$1.1B$1.1B$1.2B$1.3B$1.2B
Goodwill$20.1B$20.1B$20.2B$20.2B$20.2B$20.2B
Indefinite-Lived Intangible Assets$22.5B$22.5B$22.7B$22.7B$22.6B$22.6B
Indefinite-Lived Intangible Assets, Gross$22.5B$22.5B$22.7B$22.7B$22.6B$22.6B
Indefinite-Lived Research and Development Assets$22.5B$22.5B$22.7B$22.7B$22.6B$22.6B
Indefinite-Lived Trademarks$22.5B$22.5B$22.7B$22.7B$22.6B$22.6B
Net Investment in Lease$880.0M$852.0M$839.0M$835.0M$845.0M$837.0M
Deferred tax assets$39.0M$40.0M$36.0M$36.0M$36.0M$17.0M
Intangible assets — net$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B
Other intangible assets—net$23.6B$23.6B$23.8B$23.8B$23.7B$23.7B
Operating lease right-of-use assets$880.0M$852.0M$839.0M$835.0M$845.0M$837.0M
Other non-current assets$1.2B$1.1B$1.1B$1.2B$1.3B$1.2B
Other Intangible Assets Net$23.6B$23.6B$23.8B$23.8B$23.7B$23.7B
Operating Lease Right-of-Use Assets in Other Assets$880.0M$852.0M$839.0M$835.0M$845.0M$837.0M
Property and equipment, net$3.0B$3.0B$3.0B$3.0B$3.2B$3.2B
Software and Technology Licenses, Net$1.2B$1.1B$1.1B$1.2B$1.3B$1.2B
Total assets$53.4B$53.7B$54.4B$54.6B$55.5B$73.1B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Finance lease liabilities$677.0M$681.0M$685.0M$704.0M$745.0M$815.0M
Finance Lease Liabilities (Total)$802.0M$819.0M$831.0M$854.0M$924.0M$999.0M
Operating Lease Liability Payments - 2026 (Lessee)—$109.0M$112.0M$119.0M—$120.0M
Operating Lease Liability Payments - 2027 (Lessee)—$81.0M$83.0M$90.0M—$94.0M
Operating Lease Liability Payments - 2028 (Lessee)—$101.0M$103.0M$111.0M—$111.0M
Operating Lease Liability Payments - 2029 (Lessee)—$81.0M$83.0M$90.0M—$94.0M
Operating Lease Liability Payments - Thereafter (Lessee)—$417.0M$417.0M$418.0M—$359.0M
Long-term debt$12.9B$11.9B$13.9B$13.5B$13.0B$20.9B
Operating lease liabilities, non-current$790.0M$763.0M$749.0M$747.0M$764.0M$753.0M
Operating Lease Liabilities (Total)$918.0M$893.0M$882.0M$880.0M$891.0M$889.0M
Other non-current liabilities$2.8B$2.7B$2.8B$2.8B$3.1B$3.2B
Total liabilities$29.2B$29.3B$29.4B$29.3B$29.9B$39.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01
Common stock, shares authorized (in shares)2B2B2B2B2B2B
Common stock, shares issued (in shares)1.4B1.4B1.4B1.4B1.4B1.4B
Common Stock, Shares, Outstanding1.4B1.4B1.4B1.4B1.4B1.4B
Short-term debt and current portion of long-term debt$2.6B$4.0B$2.0B$2.3B$3.1B$4.8B
Deferred income taxes$5.4B$5.4B$5.5B$5.4B$5.5B$5.5B
Equity method investments (Note 11)$1.5B$1.6B$1.6B$1.6B$1.7B$1.7B
Current maturities of long-term debt$125.0M$138.0M$146.0M$150.0M$179.0M$184.0M
Finance Lease Liability Payments Due—$978.0M$997.0M$1.0B—$1.2B
Finance Lease Liability Payments Due After Year Five—$280.0M$304.0M$345.0M—$403.0M
2027—$202.0M$208.0M$213.0M—$151.0M
Finance Lease Liability Payments Due Year Five—$77.0M$85.0M$95.0M—$95.0M
Finance Lease Liability Payments Due Year Four—$90.0M$96.0M$106.0M—$124.0M
Finance Lease Liability Payments Due Year Three—$96.0M$103.0M$112.0M—$134.0M
Finance Lease Liability Payments Due Year Two—$109.0M$116.0M$123.0M—$140.0M
Finance Lease Liability Undiscounted Excess Amount—$159.0M$166.0M$183.0M—$237.0M
Finance Lease, Right-of-Use Asset, after Accumulated Amortization————$919.0M$998.0M
Finance Lease, Right-of-Use Asset, Accumulated Amortization————$426.0M$453.0M
Finite-Lived Intangible Assets, Accumulated Amortization$1.1B$1.1B$1.2B$1.2B$1.2B$1.3B
Gross Carrying Amount$2.2B$2.2B$2.3B$2.3B$2.4B$2.4B
Trademarks$22.5B$22.5B$22.7B$22.7B$22.6B$22.6B
Leases not yet commenced, estimated obligation—$149.0M$176.0M$205.0M—$156.0M
Lessee Operating Lease Liability Payments Due—$1.1B$1.1B$1.1B—$1.1B
Lessee Operating Lease Liability Undiscounted Excess Amount—$235.0M$217.0M$211.0M—$205.0M
Noncontrolling interests in subsidiaries$0.0———$0.0$3.9B
Operating Lease Weighted Average Discount Rate Percent5.3%5.3%5.3%5.3%5.3%5.3%
Preferred Stock, Convertible, Conversion Price—————$37.25
Preferred Stock, Par or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Preferred Stock, Shares Authorized15M15M15M15M10.5M10.5M
Preferred Stock, Shares Issued000000
Mandatory Redemption liability$689.0M$700.0M$719.0M$728.0M$880.0M$899.0M
Temporary Equity Liquidation Preference—————$4.5B
Temporary Equity Par Or Stated Value Per Share—————$0.01
Temporary Equity Shares Authorized————4.5M4.5M
Temporary Equity Shares Issued————04.5M
Temporary Equity Shares Outstanding————04.5M
Remainder of Fiscal Year 2024—$117.0M$75.0M$31.0M—$120.0M
Weighted-Average Discount Rate - Finance Leases4.5%4.5%4.6%4.7%4.8%4.9%