Keurig Dr Pepper (KDP) 10-K Summary — Year Ended Dec 31, 2023
Keurig Dr Pepper Inc. distributes beverage brands and pursues growth through innovation and partnerships. In its latest fiscal year, the company reported higher revenue and maintained profitability.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Keurig Dr Pepper Inc. distributes beverage brands and pursues growth through innovation and partnerships. In its latest fiscal year, the company reported higher revenue and maintained profitability.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$14.8B
Revenue reported for the fiscal year.
Operating income
$3.2B
Income from operations reported for the year.
Net income
$2.2B
Net income reported for the year.
Operating cash flow
$1.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $12.7B | n/a |
| Dec 31, 2022 | $14.1B | +10.8% |
| Dec 31, 2023 | $14.8B | +5.4% |
Business overview
The company distributes beverage brands, focusing on innovation and partnerships to add accretive products to its portfolio. It manages customer, supplier, and other third-party relationships while implementing cost productivity initiatives.
Financial performance
Revenue increased year over year, while operating income and net income remained positive. The company continues to generate cash from operations.
Material risks
The filing identifies risk factors, but the provided context does not detail specific risks. The company monitors the financial health of its counterparties as part of its business management.
Liquidity and capital
The company believes its financial condition and liquidity are strong, supported by cash from operations and available borrowing capacity. It expects operating cash flows to be sufficient for anticipated obligations.
What to watch
The progress of the company's innovation and partnership agreements should be monitored in the next filing.