NYSE: TAP
MOLSON COORS BEVERAGE COCIK 0000024545 · SIC 2082 · Malt Beverages
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Molson Coors Q2 revenue falls 3.6% to $3.60B; net income drops 46% on commodity losses
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Molson Coors EMEA&APAC President takes medical leave; UK chief named interim leader
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Molson Coors raises $1.85B in senior notes to refinance 2026 debt at higher rates
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Molson Coors prices $1.5B debt offering: $500M 4.900% 2031 notes, $1B 5.500% 2036 notes
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Molson Coors raises in dual-currency debt offering across U.S. and Canada
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Molson Coors shareholders elect all directors, approve executive pay at annual meeting
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revenue $2.72B, net income $151.3M. Molson Coors posts 1.0% sales growth but faces aluminum cost hit and market share losses
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Molson Coors reports Q1 2026 financial results in earnings release
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Latest financial statements
From 10-Q filed Aug 6, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(IN MILLIONS, EXCEPT PER SHARE DATA)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Sales | 3,604.4 | 3,740.0 | 6,322.3 | 6,430.2 |
| Excise taxes | (507.9) | (539.2) | (874.7) | (925.3) |
| Net sales | 3,096.5 | 3,200.8 | 5,447.6 | 5,504.9 |
| Cost of goods sold | (2,033.2) | (1,918.9) | (3,487.1) | (3,372.1) |
| Gross profit | 1,063.3 | 1,281.9 | 1,960.5 | 2,132.8 |
| Marketing, general and administrative expenses | (718.5) | (693.1) | (1,328.5) | (1,346.3) |
| Other operating income (expense), net | (16.6) | (9.2) | (48.7) | (25.1) |
| Equity income (loss) | 3.7 | 4.0 | 6.9 | 8.5 |
| Operating income (loss) | 331.9 | 583.6 | 590.2 | 769.9 |
| Interest income (expense), net | (60.5) | (58.5) | (118.1) | (115.1) |
| Other pension and postretirement benefit (cost), net | 5.0 | 3.5 | 9.9 | 7.3 |
| Other non-operating income (expense), net | 6.7 | 26.3 | (4.2) | 49.1 |
| Total non-operating income (expense), net | (48.8) | (28.7) | (112.4) | (58.7) |
| Income (loss) before income taxes | 283.1 | 554.9 | 477.8 | 711.2 |
| Income tax benefit (expense) | (61.5) | (130.6) | (106.1) | (163.8) |
| Net income (loss) | 221.6 | 424.3 | 371.7 | 547.4 |
| Net (income) loss attributable to noncontrolling interests | 10.1 | 4.4 | 11.3 | 2.3 |
| Net income (loss) attributable to Molson Coors Beverage Company | 231.7 | 428.7 | 383.0 | 549.7 |
| Net income (loss) attributable to Molson Coors Beverage Company per share | ||||
| Basic | 1.24 | 2.14 | 2.04 | 2.73 |
| Diluted | 1.23 | 2.13 | 2.03 | 2.71 |
| Weighted-average shares outstanding | ||||
| Basic | 187.5 | 200.5 | 188.2 | 201.7 |
| Dilutive effect of share-based awards | 0.2 | 0.7 | 0.4 | 0.9 |
| Diluted | 187.7 | 201.2 | 188.6 | 202.6 |
Condensed Consolidated Balance Sheets (Unaudited)
(IN MILLIONS, EXCEPT PAR VALUE)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 2,128.1 | 896.5 |
| Trade receivables, net | 1,004.1 | 703.0 |
| Other receivables, net | 173.7 | 187.3 |
| Inventories, net | 849.1 | 715.9 |
| Other current assets, net | 428.5 | 432.8 |
| Total current assets | 4,583.5 | 2,935.5 |
| Property, plant and equipment, net | 4,677.7 | 4,768.7 |
| Goodwill | 2,144.8 | 1,944.7 |
| Other intangibles, net | 11,839.6 | 11,991.1 |
| Other assets | 1,113.4 | 1,098.4 |
| Total assets | 24,359.0 | 22,738.4 |
| Liabilities and equity | ||
| Current liabilities | ||
| Accounts payable and other current liabilities | 3,175.0 | 2,876.7 |
| Current portion of long-term debt and short-term borrowings | 2,037.1 | 2,434.1 |
| Total current liabilities | 5,212.1 | 5,310.8 |
| Long-term debt | 5,672.5 | 3,865.4 |
| Pension and postretirement benefits | 411.2 | 427.1 |
| Deferred tax liabilities | 2,358.5 | 2,284.7 |
| Other liabilities | 296.0 | 307.7 |
| Total liabilities | 13,950.3 | 12,195.7 |
| Commitments and contingencies (Note 10) | ||
| Redeemable noncontrolling interests | 102.0 | 115.6 |
| Molson Coors Beverage Company stockholders' equity | ||
| Capital stock | ||
| Preferred stock, $0.01 par value (authorized: 25.0 shares; none issued) | — | — |
| Class A common stock, $0.01 par value (authorized: 500.0 shares; issued and outstanding: 2.6 shares and 2.6 shares, respectively) | — | — |
| Class B common stock, $0.01 par value (authorized: 500.0 shares; issued: 216.6 shares and 216.1 shares, respectively) | 2.2 | 2.2 |
| Class A exchangeable shares, no par value (issued and outstanding: 2.7 shares and 2.7 shares, respectively) | 100.8 | 100.8 |
| Class B exchangeable shares, no par value (issued and outstanding: 7.1 shares and 7.1 shares, respectively) | 266.9 | 266.9 |
| Paid-in capital | 7,252.8 | 7,247.2 |
| Retained earnings | 5,925.4 | 5,723.7 |
| Accumulated other comprehensive income (loss) | (1,181.1) | (1,071.6) |
| Class B common stock held in treasury at cost (42.1 shares and 37.7 shares, respectively) | (2,247.5) | (2,038.9) |
| Total Molson Coors Beverage Company stockholders' equity | 10,119.5 | 10,230.3 |
| Noncontrolling interests | 187.2 | 196.8 |
| Total equity | 10,306.7 | 10,427.1 |
| Total liabilities and equity | 24,359.0 | 22,738.4 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(IN MILLIONS)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income (loss) including noncontrolling interests | 371.7 | 547.4 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
| Depreciation and amortization | 377.7 | 350.4 |
| Amortization of cloud computing arrangements | 7.6 | 7.0 |
| Amortization of debt issuance costs and discounts | 3.8 | 2.6 |
| Share-based compensation | 17.0 | 18.9 |
| (Gain) loss on sale or impairment of property, plant, equipment and other assets, net | 2.3 | (6.1) |
| Unrealized (gain) loss on foreign currency fluctuations, fair value investments and derivative instruments, net | 6.2 | (77.4) |
| Equity (income) loss | (6.9) | (8.5) |
| Income tax (benefit) expense | 106.1 | 163.8 |
| Income tax (paid) received | (41.7) | (58.0) |
| Interest expense, excluding amortization of debt issuance costs and discounts | 125.2 | 120.3 |
| Interest paid | (141.5) | (137.2) |
| Other non-cash items, net | 1.5 | (2.1) |
| Change in current assets and liabilities (net of impact of business combinations) and other | (8.6) | (293.5) |
| Net cash provided by (used in) operating activities | 820.4 | 627.6 |
| Cash flows from investing activities | ||
| Additions to property, plant and equipment | (335.2) | (400.6) |
| Proceeds from sales of property, plant, equipment and other assets | 7.4 | 4.4 |
| Acquisition of business, net of cash acquired | (271.0) | (20.8) |
| Other | (0.6) | (82.7) |
| Net cash provided by (used in) investing activities | (599.4) | (499.7) |
| Cash flows from financing activities | ||
| Dividends paid | (183.7) | (192.7) |
| Payments for purchases of treasury stock | (211.0) | (306.8) |
| Payments on debt and borrowings | (382.7) | (5.8) |
| Proceeds on debt and borrowings | 1,848.6 | — |
| Other | (44.3) | (0.9) |
| Net cash provided by (used in) financing activities | 1,026.9 | (506.2) |
| Effect of foreign exchange rate changes on cash and cash equivalents | (16.3) | 22.8 |
| Net increase (decrease) in cash and cash equivalents | 1,231.6 | (355.5) |
| Balance at beginning of year | 896.5 | 969.3 |
| Balance at end of period | 2,128.1 | 613.8 |
Amounts as printed on the EDGAR/iXBRL face — (IN MILLIONS, EXCEPT PER SHARE DATA); (IN MILLIONS, EXCEPT PAR VALUE); (IN MILLIONS). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗