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Keurig Dr Pepper logo

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$43.1B
P/E Ratio23.55
ROE7.37%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$3B$3.2B$3.1B$3B$3B$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$835M$786M$777M$823M$785M$878M
Structured payables$41M$31M$31M$30M$25M$22M
Current portion of long-term debt$1B$1B$499M$894M$895M$2B
Dividends payable$312M$313M$312M$313M—$312M
Finance Lease Liability, Current$125M$138M$146M$150M$179M$184M
Operating Lease Liability Payments - 2024 (Lessee)—$140M$143M$150M—$130M
Operating Lease Liability Payments - 2025 (Lessee)—$101M$103M$111M—$111M
Operating lease liabilities, current$128M$130M$133M$133M$127M$136M
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$10B

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$608M$751M$565M$569M$1B$18.7B
Finished goods————$1B$1.1B
Raw materials————$706M$722M
Work in process$9M$10M$12M$11M$8M$10M
Inventories$1.3B$1.6B$1.8B$1.9B$1.7B$1.8B
Prepaid expenses and other current assets$606M$745M$802M$795M$818M$1B
Restricted cash$80M$80M$56M$53M$18M$17.8B
Total current assets$4B$4.3B$4.6B$4.7B$5.3B$23.1B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$276M-$275M$10M-$24M$102M-$116M
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$14M$14M$14M$14M$14M$14M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0$0$0$0$0$0
Retained earnings$4.8B$5B$5.2B$5.6B$5.6B$5.6B
Temporary Equity Attributable to Parent————$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$25B$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$880M$852M$839M$835M$845M$837M
Deferred tax assets$39M$40M$36M$36M$36M$17M
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$880M$852M$839M$835M$845M$837M
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$880M$852M$839M$835M$845M$837M
Property and equipment, net$3B$3B$3B$3B$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$677M$681M$685M$704M$745M$815M
Finance Lease Liabilities (Total)$802M$819M$831M$854M$924M$999M
Operating Lease Liability Payments - 2026 (Lessee)—$109M$112M$119M—$120M
Operating Lease Liability Payments - 2027 (Lessee)—$81M$83M$90M—$94M
Operating Lease Liability Payments - 2028 (Lessee)—$101M$103M$111M—$111M
Operating Lease Liability Payments - 2029 (Lessee)—$81M$83M$90M—$94M
Operating Lease Liability Payments - Thereafter (Lessee)—$417M$417M$418M—$359M
Long-term debt$12.9B$11.9B$13.9B$13.5B$13B$20.9B
Operating lease liabilities, non-current$790M$763M$749M$747M$764M$753M
Operating Lease Liabilities (Total)$918M$893M$882M$880M$891M$889M
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$4B$2B$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$125M$138M$146M$150M$179M$184M
Finance Lease Liability Payments Due—$978M$997M$1B—$1.2B
Finance Lease Liability Payments Due After Year Five—$280M$304M$345M—$403M
2027—$202M$208M$213M—$151M
Finance Lease Liability Payments Due Year Five—$77M$85M$95M—$95M
Finance Lease Liability Payments Due Year Four—$90M$96M$106M—$124M
Finance Lease Liability Payments Due Year Three—$96M$103M$112M—$134M
Finance Lease Liability Payments Due Year Two—$109M$116M$123M—$140M
Finance Lease Liability Undiscounted Excess Amount—$159M$166M$183M—$237M
Finance Lease, Right-of-Use Asset, after Accumulated Amortization————$919M$998M
Finance Lease, Right-of-Use Asset, Accumulated Amortization————$426M$453M
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—$149M$176M$205M—$156M
Lessee Operating Lease Liability Payments Due—$1.1B$1.1B$1.1B—$1.1B
Lessee Operating Lease Liability Undiscounted Excess Amount—$235M$217M$211M—$205M
Noncontrolling interests in subsidiaries$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$689M$700M$719M$728M$880M$899M
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—$117M$75M$31M—$120M
Weighted-Average Discount Rate - Finance Leases4.5%4.5%4.6%4.7%4.8%4.9%