AI English summary of an SEC filing — figures as filed
Keurig Dr Pepper KDPKDP said net sales for 2023 rose 5.4% to $14,814 million from $14,057 million a year earlier. The company said net price realization of 7.0% and FX translation of 0.5% contributed, partially offset by volume/mix of 2.1%.
Key points
AI summaryKDP said net sales for 2023 rose 5.4% to $14,814 million from $14,057 million a year earlier. The company said net price realization of 7.0% and FX translation of 0.5% contributed, partially offset by volume/mix of 2.1%.
The company said income from operations for 2023 increased to $3,192 million from $2,605 million a year earlier, up $587 million (22.5%). It attributed the increase mainly to higher gross profit, partially offset by higher SG&A expenses, and said its operating margin was 21.5%.
The company said net income attributable to KDP for 2023 rose to $2,181 million from $1,436 million a year earlier, an increase of 51.9%. Diluted EPS was $1.55, up 53.5% from $1.01 in the prior year.
Keurig Dr Pepper said net cash provided by operating activities in 2023 decreased by $1,508 million compared with 2022. It also said it repurchased and retired $706 million of common stock in 2023, and that $2,915 million remained under the $4 billion program as of December 31, 2023.
Key figures
Fiscal year ended December 31, 2023
- Revenue
- $14.8B
- Operating income
- $3.2B
- Net income
- $2.2B
- EPS
- $1.55
- Gross profit
- $8.1B
- Operating cash flow
- $1.3B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Annual Net Sales, Price and Volume Drivers
KDP said net sales for 2023 rose 5.4% to $14,814 million from $14,057 million a year earlier. The company said net price realization of 7.0% and FX translation of 0.5% contributed, partially offset by volume/mix of 2.1%.
Source · Based on the MD&A text of the filing
Operating Income and Operating Margin
The company said income from operations for 2023 increased to $3,192 million from $2,605 million a year earlier, up $587 million (22.5%). It attributed the increase mainly to higher gross profit, partially offset by higher SG&A expenses, and said its operating margin was 21.5%.
Source · Based on the MD&A text of the filing
Net Income and Diluted EPS
The company said net income attributable to KDP for 2023 rose to $2,181 million from $1,436 million a year earlier, an increase of 51.9%. Diluted EPS was $1.55, up 53.5% from $1.01 in the prior year.
Source · Based on the MD&A text of the filing
Share Repurchases and Operating Cash Flow
Keurig Dr Pepper said net cash provided by operating activities in 2023 decreased by $1,508 million compared with 2022. It also said it repurchased and retired $706 million of common stock in 2023, and that $2,915 million remained under the $4 billion program as of December 31, 2023.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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