Keurig Dr Pepper Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Keurig Dr Pepper Inc. has filed its 2023 annual report (10-K) detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>

AI Summary

Keurig Dr Pepper Inc. (KDP) filed a Annual Report (10-K) with the SEC on February 22, 2024. Keurig Dr Pepper Inc. filed its 2023 Form 10-K on February 22, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business address is 53 South Avenue, Burlington, MA 01803. Keurig Dr Pepper Inc. was formerly known as Dr Pepper Snapple Group, Inc. and CSAB Inc. The SIC code for the company is 2080 (Beverages).

Why It Matters

For investors and stakeholders tracking Keurig Dr Pepper Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Keurig Dr Pepper's financial health, operational strategies, and risk factors for the fiscal year 2023, which is crucial for investors to assess the company's performance and future outlook. Understanding the details within this filing allows stakeholders to evaluate the company's market position, competitive landscape, and any potential challenges or opportunities it faces in the beverage industry.

Risk Assessment

Risk Level: medium — Keurig Dr Pepper Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive annual report. While it contains detailed financial information, it does not immediately highlight any significant new risks or positive developments that would drastically alter the risk profile without further in-depth analysis of the specific risk factors section.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Keurig Dr Pepper's performance drivers and potential headwinds for the upcoming fiscal year.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-02-22 — Filing Date (Filed as of date)
• 0001418135-24-000007 — Accession Number (Unique identifier for the filing)
• 2080 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• Keurig Dr Pepper Inc. (company) — Filer name
• Dr Pepper Snapple Group, Inc. (company) — Former company name
• CSAB Inc. (company) — Former company name
• 781-418-7000 (dollar_amount) — Business phone number

FAQ

Industry Context

Keurig Dr Pepper operates within the non-alcoholic beverage industry, a sector characterized by strong brand loyalty, significant marketing expenditures, and evolving consumer preferences towards healthier options.

Regulatory Implications

Companies in the beverage sector are subject to various regulations concerning food safety, labeling, advertising, and environmental impact, which can influence operational costs and product development.

What Investors Should Do

1. Analyze the revenue breakdown by segment to understand growth drivers.
2. Examine the company's debt-to-equity ratio and cash position for financial health assessment.
3. Review the risk factors section for potential challenges and management's mitigation strategies.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-02-22: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing of the 2023 10-K. Comparative data from the previous year's 10-K would be found within the document itself.

From the Filing

0001418135-24-000007.txt : 20240222 0001418135-24-000007.hdr.sgml : 20240222 20240222090602 ACCESSION NUMBER: 0001418135-24-000007 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 132 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240222 DATE AS OF CHANGE: 20240222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Keurig Dr Pepper Inc. CENTRAL INDEX KEY: 0001418135 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 753258232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33829 FILM NUMBER: 24662492 BUSINESS ADDRESS: STREET 1: 53 SOUTH AVENUE CITY: BURLINGTON STATE: MA ZIP: 01803 BUSINESS PHONE: 781-418-7000 MAIL ADDRESS: STREET 1: 53 SOUTH AVENUE CITY: BURLINGTON STATE: MA ZIP: 01803 FORMER COMPANY: FORMER CONFORMED NAME: Dr Pepper Snapple Group, Inc. DATE OF NAME CHANGE: 20080108 FORMER COMPANY: FORMER CONFORMED NAME: CSAB Inc. DATE OF NAME CHANGE: 20071109 10-K 1 kdp-20231231.htm 10-K kdp-20231231 2023 FY False 0001418135 http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#AccountsPayableCurrent http://fasb.org/us-gaap/2023#ImpairmentOfIntangibleAssetsExcludingGoodwill http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense 0001418135 2023-01-01 2023-12-31 0001418135 2023-06-30 iso4217:USD 0001418135 2024-02-20 xbrli:shares 0001418135 2022-01-01 2022-12-31 0001418135 2021-01-01 2021-12-31 0001418135 us-gaap:InterestRateContractMember 2023-01-01 2023-12-31 iso4217:USD xbrli:shares 0001418135 2023-12-31 0001418135 2022-12-31 0001418135 2021-12-31 0001418135 2020-12-31 0001418135 us-gaap:CommonStockMember 2020-12-31 0001418135 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001418135 us-gaap:RetainedEarningsMember 2020-12-31 0001418135 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001418135 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001418135 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001418135 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001418135 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001418135 us-gaap:CommonStockMember 2021-12-31 0001418135 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001418135 us-gaap:RetainedEarningsMember 2021-12-31 0001418135 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001418135 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001418135 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001418135 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001418135 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001418135 us-gaap:CommonStockMember 2022-12-31 0001418135 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001418135 us-gaap:RetainedEarningsMember 2022-12-31 0001418135 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001418135 us-gaap:R