EX-99.1 2 ex991supplementalfinancial.htm EX-99.1 Document
EXHIBIT 99.1
KEURIG DR PEPPER INC.
NET SALES BY SEGMENT
AS RECAST
(Unaudited)


First QuarterSecond QuarterThird QuarterFourth QuarterYear Ended
(in millions)2022202220222022December 31, 2022
Net sales
U.S. Refreshment Beverages$1,781 $2,084 $2,144 $2,074 $8,083 
U.S. Coffee943 1,029 1,045 1,285 4,302 
International354 441 433 444 1,672 
Total net sales$3,078 $3,554 $3,622 $3,803 $14,057 
First QuarterSecond QuarterThird QuarterFourth QuarterYear Ended
(in millions)2021202120212021December 31, 2021
Net sales
U.S. Refreshment Beverages$1,579 $1,807 $1,874 $1,860 $7,120 
U.S. Coffee997 955 1,002 1,135 4,089 
International326 378 374 396 1,474 
Total net sales$2,902 $3,140 $3,250 $3,391 $12,683 
1

KEURIG DR PEPPER INC.
INCOME FROM OPERATIONS BY SEGMENT
AS RECAST
(Unaudited)

First QuarterSecond QuarterThird QuarterFourth QuarterYear Ended
(in millions)2022202220222022December 31, 2022
Income from operations
U.S. Refreshment Beverages$704 $528 $322 $407 $1,961 
U.S. Coffee255 295 272 393 1,215 
International64 98 97 114 373 
Unallocated corporate costs(57)(349)(297)(241)(944)
Total income from operations$966 $572 $394 $673 $2,605 
First QuarterSecond QuarterThird QuarterFourth QuarterYear Ended
(in millions)2021202120212021December 31, 2021
Income from operations
U.S. Refreshment Beverages$393 $490 $550 $528 $1,961 
U.S. Coffee338 317 324 327 1,306 
International76 100 106 100 382 
Unallocated corporate costs(167)(173)(185)(230)(755)
Total income from operations$640 $734 $795 $725 $2,894 
2

KEURIG DR PEPPER INC.
RECONCILIATION OF INCOME FROM OPERATIONS TO ADJUSTED INCOME FROM OPERATIONS BY SEGMENT
AS RECAST
(Unaudited)

First QuarterSecond QuarterThird QuarterFourth QuarterYear Ended
(in millions)2022202220222022December 31, 2022
Income from operations
U.S. Refreshment Beverages$704 $528 $322 $407 $1,961 
U.S. Coffee255 295 272 393 1,215 
International64 98 97 114 373 
Unallocated corporate costs(57)(349)(297)(241)(944)
Total income from operations$966 $572 $394 $673 $2,605 
Items affecting comparability
U.S. Refreshment Beverages$(249)$19 $333 $186 $289 
U.S. Coffee46 47 43 42 178 
International7 6 7 7 27 
Unallocated corporate costs(38)188 170 119 439 
Total items affecting comparability$(234)$260 $553 $354 $933 
Adjusted income from operations
U.S. Refreshment Beverages$455 $547 $655 $593 $2,250 
U.S. Coffee301 342 315 435 1,393 
International71 104 104 121 400 
Unallocated corporate costs(95)(161)(127)(122)(505)
Total adjusted income from operations$732 $832 $947 $1,027 $3,538 
3

KEURIG DR PEPPER INC.
RECONCILIATION OF INCOME FROM OPERATIONS TO ADJUSTED INCOME FROM OPERATIONS BY SEGMENT
AS RECAST
(Unaudited)

First QuarterSecond QuarterThird QuarterFourth QuarterYear Ended
(in millions)2021202120212021December 31, 2021
Income from operations
U.S. Refreshment Beverages$393 $490 $550 $528 $1,961 
U.S. Coffee338 317 324 327 1,306 
International76 100 106 100 382 
Unallocated corporate costs(167)(173)(185)(230)(755)
Total income from operations$640 $734 $795 $725 $2,894 
Items affecting comparability
U.S. Refreshment Beverages$23 $29 $26 $29 $107 
U.S. Coffee50 48 42 46 186 
International4 3 2 7 16 
Unallocated corporate costs24 25 66 103 218 
Total items affecting comparability$101 $105 $136 $185 $527 
Adjusted income from operations
U.S. Refreshment Beverages$416 $519 $576 $557 $2,068 
U.S. Coffee388 365 366 373 1,492 
International80 103 108 107 398 
Unallocated corporate costs(143)(148)(119)(127)(537)
Total adjusted income from operations$741 $839 $931 $910 $3,421 
4

KEURIG DR PEPPER INC.
RECONCILIATION OF NET SALES BY SEGMENT TO CONSTANT CURRENCY NET SALES BY SEGMENT
AS RECAST
(Unaudited)

First QuarterSecond QuarterThird QuarterFourth QuarterYear Ended
2022202220222022December 31, 2022
Net sales
U.S. Refreshment Beverages12.8 %15.3 %14.4 %11.5 %13.5 %
U.S. Coffee(5.4)7.7 4.3 13.2 5.2 
International8.6 16.7 15.8 12.1 13.4 
Total net sales6.1 13.2 11.4 12.1 10.8 
Impact of foreign currency
U.S. Refreshment Beverages— %— %— %— %— %
U.S. Coffee— — — — — 
International0.3 2.3 2.9 2.5 2.1 
Total impact of foreign currency— 0.3 0.4 0.3 0.3 
Constant currency net sales
U.S. Refreshment Beverages12.8 %15.3 %14.4 %11.5 %13.5 %
U.S. Coffee(5.4)7.7 4.3 13.2 5.2 
International8.9 19.0 18.7 14.6 15.5 
Total constant currency net sales6.1 13.5 11.8 12.4 11.1 

5

KEURIG DR PEPPER INC.
RECONCILIATION OF NET SALES BY SEGMENT TO CONSTANT CURRENCY NET SALES BY SEGMENT
AS RECAST
(Unaudited)


First QuarterSecond QuarterThird QuarterFourth QuarterYear Ended
2021202120212021December 31, 2021
Net sales
U.S. Refreshment Beverages6.7 %9.6 %7.9 %15.7 %10.0 %
U.S. Coffee18.7 4.6 5.3 (0.8)6.2 
International11.3 24.8 13.0 7.0 13.6 
Total net sales11.1 9.6 7.6 8.7 9.2 
Impact of foreign currency
U.S. Refreshment Beverages— %— %— %— %— %
U.S. Coffee— — — — — 
International(2.8)(14.6)(7.9)(1.6)(6.4)
Total impact of foreign currency(0.3)(1.5)(0.8)(0.2)(0.8)
Constant currency net sales
U.S. Refreshment Beverages6.7 %9.6 %7.9 %15.7 %10.0 %
U.S. Coffee18.7 4.6 5.3 (0.8)6.2 
International8.5 10.2 5.1 5.4 7.2 
Total constant currency net sales10.8 8.1 6.8 8.5 8.4 
6

KEURIG DR PEPPER INC.
RECONCILIATION OF ADJUSTED INCOME FROM OPERATIONS BY SEGMENT TO CONSTANT CURRENCY ADJUSTED INCOME FROM OPERATIONS BY SEGMENT
AS RECAST
(Unaudited)

First QuarterSecond QuarterThird QuarterFourth QuarterYear Ended
2022202220222022December 31, 2022
Adjusted income from operations
U.S. Refreshment Beverages9.4 %5.4 %13.7 %6.5 %8.8 %
U.S. Coffee(22.4)(6.3)(13.9)16.6 (6.6)
International(11.3)1.0 (3.7)13.1 0.5 
Total adjusted income from operations(1.2)(0.8)1.7 12.9 3.4 
Impact of foreign currency
U.S. Refreshment Beverages— %— %— %— %— %
U.S. Coffee— — — — — 
International— 1.9 2.8 3.7 2.3 
Total impact of foreign currency— 0.2 0.3 0.3 0.3 
Constant currency adjusted income from operations
U.S. Refreshment Beverages9.4 %5.4 %13.7 %6.5 %8.8 %
U.S. Coffee(22.4)(6.3)(13.9)16.6 (6.6)
International(11.3)2.9 (0.9)16.8 2.8 
Total constant currency adjusted income from operations(1.2)(0.6)2.0 13.2 3.7 

7

KEURIG DR PEPPER INC.
RECONCILIATION OF ADJUSTED INCOME FROM OPERATIONS BY SEGMENT TO CONSTANT CURRENCY ADJUSTED INCOME FROM OPERATIONS BY SEGMENT
AS RECAST
(Unaudited)


First QuarterSecond QuarterThird QuarterFourth QuarterYear Ended
2021202120212021December 31, 2021
Adjusted income from operations
U.S. Refreshment Beverages6.7 %10.2 %5.9 %17.0 %9.9 %
U.S. Coffee12.1 0.8 — (11.2)(0.1)
International5.3 32.1 12.5 4.9 13.1 
Total adjusted income from operations8.3 8.3 6.5 6.1 7.2 
Impact of foreign currency
U.S. Refreshment Beverages— %— %— %— %— %
U.S. Coffee— — — — — 
International(2.7)(15.4)(6.2)(1.0)(6.0)
Total impact of foreign currency(0.4)(1.5)(0.8)(0.2)(0.7)
Constant currency adjusted income from operations
U.S. Refreshment Beverages6.7 %10.2 %5.9 %17.0 %9.9 %
U.S. Coffee12.1 0.8 — (11.2)(0.1)
International2.6 16.7 6.3 3.9 7.1 
Total constant currency adjusted income from operations7.9 6.8 5.7 5.9 6.5 
8

KEURIG DR PEPPER INC.
CONSTANT CURRENCY NET SALES DRIVERS BY SEGMENT
AS RECAST
(Unaudited)
First QuarterSecond QuarterThird QuarterFourth QuarterYear Ended
20222022202220222022
U.S. Refreshment Beverages
Volume / Mix4.6 %2.3 %0.1 %(3.8)%0.6 %
Price8.2 13.0 14.3 15.3 12.9 
Total change in constant currency net sales12.8 %15.3 %14.4 %11.5 %13.5 %
U.S. Coffee
Volume / Mix(9.0)%2.4 %(2.4)%3.9 %(1.2)%
Price3.6 5.3 6.7 9.3 6.4 
Total change in constant currency net sales(5.4)%7.7 %4.3 %13.2 %5.2 %
International
Volume / Mix3.7 %8.7 %3.2 %1.0 %4.1 %
Price5.2 10.3 15.5 13.6 11.4 
Total change in constant currency net sales8.9 %19.0 %18.7 %14.6 %15.5 %
Total KDP
Volume / Mix(0.2)%3.1 %(0.3)%(0.7)%0.5 %
Price6.3 10.4 12.1 13.1 10.6 
Total change in constant currency net sales6.1 %13.5 %11.8 %12.4 %11.1 %








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KEURIG DR PEPPER INC.
CONSTANT CURRENCY NET SALES DRIVERS BY SEGMENT
AS RECAST
(Unaudited)
First QuarterSecond QuarterThird QuarterFourth QuarterYear Ended
20212021202120212021
U.S. Refreshment Beverages
Volume / Mix5.3 %6.7 %1.1 %8.2 %5.3 %
Price1.4 2.9 6.8 7.5 4.7 
Total change in constant currency net sales6.7 %9.6 %7.9 %15.7 %10.0 %
U.S. Coffee
Volume / Mix21.6 %4.1 %6.2 %(0.3)%7.1 %
Price(2.9)0.5 (0.9)(0.5)(0.9)
Total change in constant currency net sales18.7 %4.6 %5.3 %(0.8)%6.2 %
International
Volume / Mix2.4 %8.5 %4.8 %2.2 %4.4 %
Price6.1 1.7 0.3 3.2 2.8 
Total change in constant currency net sales8.5 %10.2 %5.1 %5.4 %7.2 %
Total KDP
Volume / Mix10.3 %6.1 %3.2 %4.4 %5.7 %
Price0.5 2.0 3.6 4.1 2.7 
Total change in constant currency net sales10.8 %8.1 %6.8 %8.5 %8.4 %

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